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

12 Months Ended

Dec. 31, 2020

Parent Company

Condensed Balance Sheet

SCHEDULE II
INDEPENDENCE HOLDING COMPANY
CONDENSED BALANCE SHEETS (In thousands, except share data)
(PARENT COMPANY ONLY)
		DECEMBER 31,
		2020		2019
ASSETS:
Cash and cash equivalents	$	10,852	$	895
Securities purchased under agreements to resell		14,780		39,438
Fixed maturities, available-for-sale		20,324		3,260
Investments in consolidated subsidiaries		435,376		428,014
Income tax receivable		11,389		9,307
Deferred tax asset, net		1,157		1,517
Other assets		821		461
TOTAL ASSETS	$	494,699	$	482,892
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES:
Accounts payable and other liabilities	$	12,684	$	11,491
Amounts due to consolidated subsidiaries, net		6,596		6,449
Dividends payable		3,301		3,003
TOTAL LIABILITIES		22,581		20,943
Redeemable noncontrolling interest		2,312		2,237
STOCKHOLDERS' EQUITY:
Preferred stock (none issued)(A)		-		-
Common stock (B)		18,625		18,625
Paid-in capital		124,757		122,717
Accumulated other comprehensive loss		4,197		1,212
Treasury stock, at cost (C)		(77,088)		(69,724)
Retained earnings		399,273		386,864
TOTAL IHC’S STOCKHOLDERS' EQUITY		469,764		459,694
NONREDEEMABLE NONCONTROLLING INTERESTS		42		18
TOTAL EQUITY		469,806		459,712
TOTAL LIABILITIES AND EQUITY	$	494,699	$	482,892

(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 14,643,047 and 14,864,941 shares outstanding, respectively. 

(C)Treasury stock, at cost; 3,982,411 and 3,760,517 shares, respectively, outstanding.