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

12 Months Ended

Dec. 31, 2019

Parent Company

Condensed Income Statement

SCHEDULE II
(Continued)
INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In thousands)
(PARENT COMPANY ONLY)
		2019		2018
REVENUES:
Net investment income	$	738	$	547
Net investment gains (losses)		130		(28)
Other income		1,461		1,598
		2,329		2,117
EXPENSES:
General and administrative expenses		9,352		7,922
		9,352		7,922
Loss before income tax benefits and equity in net income of subsidiaries		(7,023)		(5,805)
Equity in net income of subsidiaries		19,061		32,459
Income before income tax benefits		12,038		26,654
Income tax (benefits)		(651)		(2,399)
Net income		12,689		29,053
Less income from noncontrolling interests in subsidiaries		(293)		(571)
Net income attributable to IHC	$	12,396	$	28,482
Comprehensive Income:
Net income	$	12,689	$	29,053
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on available-for-sale securities		164		(130)
Equity in unrealized gains (losses) on available-for-sale
securities of subsidiaries		9,358		(3,232)
Other comprehensive income (loss), net of tax		9,522		(3,362)
Comprehensive income, net of tax		22,211		25,691
Less: comprehensive income attributable to noncontrolling interests		(293)		(571)
Comprehensive income, net of tax, attributable to IHC	$	21,918	$	25,120