Condensed Financial Information of Parent Company Only Disclosure: Condensed Balance Sheet (Tables)

12 Months Ended

Dec. 31, 2019

Parent Company

Condensed Balance Sheet

SCHEDULE II
INDEPENDENCE HOLDING COMPANY
CONDENSED BALANCE SHEETS (In thousands, except share data)
(PARENT COMPANY ONLY)
		DECEMBER 31,
		2019		2018
ASSETS:
Cash and cash equivalents	$	895	$	2,700
Securities purchased under agreements to resell		39,438		-
Fixed maturities, available-for-sale		3,260		38,270
Investments in consolidated subsidiaries		428,014		456,304
Income tax receivable		9,307		-
Deferred tax asset, net		1,517		-
Other assets		461		281
TOTAL ASSETS	$	482,892	$	497,555
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Accounts payable and other liabilities	$	11,491	$	10,005
Amounts due to consolidated subsidiaries, net		6,449		25,035
Income taxes payable		-		6,645
Dividends payable		3,003		2,256
TOTAL LIABILITIES		20,943		43,941
Redeemable noncontrolling interest		2,237		2,183
STOCKHOLDERS' EQUITY:
Preferred stock (none issued)(A)		-		-
Common stock (B)		18,625		18,625
Paid-in capital		122,717		124,395
Accumulated other comprehensive loss		1,212		(8,310)
Treasury stock, at cost (C)		(69,724)		(66,392)
Retained earnings		386,864		380,431
TOTAL IHC’S STOCKHOLDERS' EQUITY		459,694		448,749
NONREDEEMABLE NONCONTROLLING INTERESTS		18		2,682
TOTAL EQUITY		459,712		451,431
TOTAL LIABILITIES AND EQUITY	$	482,892	$	497,555

(A)Preferred stock $1.00 par value, 100,000 shares authorized; none issued or outstanding. 

(B)Common stock $1.00 par value, 23,000,000 shares authorized; 18,625,458 shares issued 14,864,941 and 14,878,248 shares outstanding, respectively. 

(C)Treasury stock, at cost; 3,760,517 and 3,747,210 shares, respectively, outstanding.