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

12 Months Ended

Dec. 31, 2018

Parent Company

Condensed Cash Flow Statement

SCHEDULE II
(Continued)
INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
(PARENT COMPANY ONLY)
		2018		2017
CASH FLOWS PROVIDED BY (USED BY)
OPERATING ACTIVITIES:
Net income	$	29,053	$	42,130
Adjustments to net income:
Equity in net income of subsidiaries		(32,459)		(44,854)
Other		2,465		2,521
Changes in other assets and liabilities		2,561		(3,121)
Net change in cash from operating activities		1,620		(3,324)
CASH FLOWS PROVIDED BY (USED BY)
INVESTING ACTIVITIES:
Change in investments in and advances to subsidiaries (A)		17,779		26,847
Net sales and maturities of short-term investments		-		3,499
Purchases of fixed maturities		(16,000)		(46,605)
Sales of fixed maturities		4,469		63,568
Maturities and other repayments of fixed maturities		429		4,640
Net change in cash  from investing activities		6,677		51,949
CASH FLOWS PROVIDED BY (USED BY)
FINANCING ACTIVITIES:
Repurchases of common stock		(4,140)		(46,401)
Dividends paid		(3,712)		(1,928)
Proceeds from stock options exercised		856		-
Payments related to tax withholdings for sharebased compensation		(905)		(1,659)
Net change in cash from financing activities		(7,901)		(49,988)
Net change in cash and cash equivalents		396		(1,363)
Cash and cash equivalents, beginning of year(B)		2,304		3,667
Cash and cash equivalents, end of year(B)	$	2,700	$	2,304