Stockholders' Equity Note Disclosure [Text Block]

12 Months Ended

Dec. 31, 2017

Notes

Stockholders' Equity Note Disclosure

Note 13.Stockholders’ Equity 

Treasury Stock

In 1991, IHC initiated a program of repurchasing shares of its common stock. In August 2016, the Board of Directors increased the number of shares that can be repurchased to 3,000,000 shares of IHC common stock. At December 31, 2017, there were 1,991,058 shares still authorized to be repurchased under the plan authorized by the Board of Directors.

In 2017, the Company repurchased 2,289,502 shares of its common stock for an aggregate cost of $46,527,000. Of that amount, 703,000 shares were repurchased in private transactions for an aggregate cost of $13,975,000; 1,385,118 shares were repurchased for an aggregate cost of $27,702,000 pursuant to the terms of a tender offer; and the remaining shares were repurchased in the open market.

In 2017, the Company reissued 72,312 shares previously held in treasury. Of that amount, 69,012 shares were reissued to satisfy net-share settlements of option exercises during the period. 

Accumulated Other Comprehensive Income (Loss)

The components of other comprehensive income (loss) include the after-tax net unrealized gains and losses on investment securities available-for-sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities.

Changes in the balances for each component of accumulated other comprehensive income (loss), shown net of taxes, for the years indicated were as follows (in thousands):

		2017		2016		2015
Beginning balance	$	(6,964)	$	(3,440)	$	22
Other comprehensive income (loss) before reclassifications		4,892		(1,582)		(256)
Amounts reclassified from accumulated OCI		(1,711)		(1,926)		(3,206)
Net other comprehensive income (loss)		3,181		(3,508)		(3,462)
Less: Other comprehensive loss attributable
to noncontrolling interests		-		(118)		(5)
Acquired from noncontrolling interests		-		102		5
Reclassification of the stranded tax effects in accumulated
other comprehensive income		(815)		-		-
Ending balance	$	(4,598)	$	(6,964)	$	(3,440)

Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the years indicated (in thousands):

		2017		2016		2015
Unrealized gains (losses) on available-for-sale securities
reclassified during the period to the following income
statement line items:
Net realized investment gains	$	2,640	$	4,538	$	5,202
Net impairment losses recognized in earnings		-		(1,475)		(228)
Income before income tax		2,640		3,063		4,974
Tax effect		929		1,137		1,768
Net income	$	1,711	$	1,926	$	3,206