Stockholders' Equity Note Disclosure [Text Block]

12 Months Ended

Dec. 31, 2019

Notes

Stockholders' Equity Note Disclosure

Note 13.Stockholders’ Equity    Treasury Stock   IHC maintains a program of repurchasing shares of its common stock when the Company deems feasible. 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, 2019, there were 1,747,101 shares still authorized to be repurchased under the plan authorized by the Board of Directors.   In 2019 and 2018, the Company repurchased 108,646 and 135,311 shares, respectively, of its common stock for an aggregate cost of $4,051,000 and $4,019,000, respectively.   The Company issued 95,339 and 123,274 shares from treasury stock in 2019 and 2018, respectively, as a result of option exercises and the vesting of restricted stock units during the period.    Accumulated Other Comprehensive Income (Loss)   Other comprehensive income (loss) includes the after-tax net unrealized gains and losses on fixed maturities available-for-sale, including the subsequent increases and decreases in fair value of fixed maturities available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities. Prior to January 1, 2018, the Company classified certain equity securities as available-for-sale and recorded changes in the fair value of those equity securities in other comprehensive income (loss). Upon the adoption of new accounting guidance on January 1, 2018, the Company recorded a cumulative-effect adjustment to reclassify the unrealized gains and losses on equity securities that were included in accumulated other comprehensive income to retained earnings.   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):  

		2019		2018
Beginning balance	$	(8,310)	$	(4,598)
Cumulative-effect of new accounting principles		-		(350)
Other comprehensive income (loss):
Other comprehensive income (loss) before reclassifications		12,246		(3,974)
Less amounts reclassified from accumulated OCI		(2,724)		612
Net other comprehensive income (loss)		9,522		(3,362)
Ending balance	$	1,212	$	(8,310)

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):

		2019		2018
Unrealized gains (losses) on available-for-sale securities
reclassified during the period to the following income
statement line items:
Net investment gains (losses)	$	4,105	$	(775)
Net impairment losses recognized in earnings		(646)		-
Income (loss) before income tax		3,459		(775)
Tax effect		735		(163)
Net income (loss)	$	2,724	$	(612)