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Condensed Financial Information of Parent Company Only Disclosure: Condensed Income Statement (Tables)

12 Months Ended

Dec. 31, 2017

SCHEDULE II
(Continued)

INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In thousands)
(PARENT COMPANY ONLY)

		2017		2016		2015
REVENUES:
Net investment income	$	`576`	$	`146`	$	`112`
Net realized investment gains (losses)		`189`		`(121)`		`(506)`
Other income		`1,533`		`1,619`		`1,800`

		`2,298`		`1,644`		`1,406`
EXPENSES:
Interest expense on debt		`-`		`1,443`		`1,567`
General and administrative expenses		`7,675`		`8,837`		`5,506`

		`7,675`		`10,280`		`7,073`

Loss from continuing operations before income tax benefits and
equity in net income from continuing operations of subsidiaries		`(5,377)`		`(8,636)`		`(5,667)`

Equity in net income from continuing operations of subsidiaries		`44,854`		`28,843`		`32,118`

Income from continuing operations before income tax benefits		`39,477`		`20,207`		`26,451`

Income tax (benefits)		`(2,653)`		`(2,303)`		`(1,523)`

Income from continuing operations, net of tax		`42,130`		`22,510`		`27,974`

Discontinued operations (Note 3):
Income from discontinued operations, before income taxes		`-`		`117,617`		`4,310`
Income taxes on discontinued operations		`-`		`6,813`		`1,762`
Income from discontinued operations, net of tax		`-`		`110,804`		`2,548`

Net income		`42,130`		`133,314`		`30,522`

Less income from noncontrolling interests in subsidiaries		`(88)`		`(10,016)`		`(578)`

Net income attributable to IHC		`42,042`		`123,298`		`29,944`

Comprehensive Income:
Net income		`42,130`		`133,314`		`30,522`
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on available-for-sale securities		`73`		`114`		`(51)`
Equity in unrealized gains (losses) on available-for-sale
securities of subsidiaries		`3,108`		`(3,622)`		`(3,411)`
Other comprehensive income (loss), net of tax		`3,181`		`(3,508)`		`(3,462)`

Comprehensive income, net of tax		`45,311`		`129,806`		`27,060`
Less: comprehensive income attributable to noncontrolling interests		`(88)`		`(10,134)`		`(583)`

Comprehensive income, net of tax, attributable to IHC	$	`45,223`	$	`119,672`	$	`26,477`