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

12 Months Ended

Dec. 31, 2020

Parent Company

Condensed Income Statement

SCHEDULE II
(Continued)
INDEPENDENCE HOLDING COMPANY
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (In thousands)
(PARENT COMPANY ONLY)
		2020		2019
REVENUES:
Net investment income	$	459	$	738
Net investment gains (losses)		(19)		130
Other income (loss)		(150)		1,461
		290		2,329
EXPENSES:
General and administrative expenses		8,694		9,352
		8,694		9,352
Loss before income tax benefits and equity in net income of subsidiaries		(8,404)		(7,023)
Equity in net income of subsidiaries		26,138		19,061
Income before income tax benefits		17,734		12,038
Income tax (benefits)		(1,384)		(651)
Net income		19,118		12,689
Less income from noncontrolling interests in subsidiaries		(237)		(293)
Net income attributable to IHC	$	18,881	$	12,396
Comprehensive Income:
Net income	$	19,118	$	12,689
Other comprehensive income (loss), net of tax:
Unrealized gains (losses) on available-for-sale securities		(80)		164
Equity in unrealized gains (losses) on available-for-sale
securities of subsidiaries		3,065		9,358
Other comprehensive income (loss), net of tax		2,985		9,522
Comprehensive income, net of tax		22,103		22,211
Less: comprehensive income attributable to noncontrolling interests		(237)		(293)
Comprehensive income, net of tax, attributable to IHC	$	21,866	$	21,918