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

12 Months Ended

Dec. 31, 2017

Parent Company

Condensed Cash Flow Statement

SCHEDULE II
(Continued)
INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
(PARENT COMPANY ONLY)
		2017		2016		2015
CASH FLOWS PROVIDED BY (USED BY)
OPERATING ACTIVITIES:
Net income	$	42,130	$	133,314	$	30,522
Adjustments to net income:
Gain on disposal of discontinued operations, net of tax		-		(110,337)		-
Equity in net income of subsidiaries, including discontinued operations		(44,854)		(28,843)		(34,698)
Other		2,521		3,396		9,204
Changes in other assets and liabilities		(3,121)		(1,939)		550
Net change in cash from operating activities		(3,324)		(4,409)		5,578
CASH FLOWS PROVIDED BY (USED BY)
INVESTING ACTIVITIES:
Change in investments in and advances to subsidiaries (A)		26,847		81,762		12,398
Net (purchases) sales and maturities of short-term investments		3,499		(3,501)		-
Purchases of fixed maturities		(46,605)		(94,850)		(20,857)
Sales of fixed maturities		63,568		70,745		5,915
Maturities and other repayments of fixed maturities		4,640		-		-
Other investing activities		-		(2,995)		-
Net change in cash  from investing activities		51,949		51,161		(2,544)
CASH FLOWS PROVIDED BY (USED BY)
FINANCING ACTIVITIES:
Repurchases of common stock		(46,401)		(3,925)		(1,820)
Cash paid in acquisitions of noncontrolling interests		-		(486)		-
Repayments of debt		-		(38,146)		-
Dividends paid		(1,928)		(1,553)		(1,392)
Payments related to tax withholding for sharebased compensation		(1,659)		-		-
Other financing activities		-		513		301
Net change in cash from financing activities		(49,988)		(43,597)		(2,911)
Net change in cash and cash equivalents		(1,363)		3,155		123
Cash and cash equivalents, beginning of year		3,667		512		389
Cash and cash equivalents, end of year	$	2,304	$	3,667	$	512