Independence holding company (IHC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

12,689

29,053

42,130

133,314

30,522

16,921

15,256

22,611

14,766

23,413

-7,132

Net change in cash from operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-1,196

-2,568

Net Cash Provided by (Used in) Operating Activities

39,174

36,017

32,628

-30,998

-164,724

27,331

-

-

-

4,495

-28,026

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect

-6,176

-1,390

8,479

2,839

-5,912

854

284

5,718

6,801

4,032

-373

Adjustments to reconcile net income to net change in cash from
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax

-

-

-

110,337

0

-

-

-

-

-

-

Gain on sale of subsidiary to joint venture

-

-

-

0

9,940

-

-

-

-

-

-

Gain on disposition of assets

-

-

-

0

5,053

-

-

-

-

-

-

Gain on bargain purchase of AMIC

-

-

-

-

-

-

-

-

-

27,830

-

(Income) loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-256

301

Deferred Policy Acquisition Costs, Amortization Expense

1,036

982

340

319

3,524

4,941

15,132

6,566

11,569

6,243

5,519

Gain (Loss) on Investments

4,705

-1,033

2,539

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Other Assets

3,589

0

-

-

-

-

-

-

-

-

-

Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Recognized in Earnings

646

0

-

-

-

-

-

-

-

-

-

Gain (Loss) on Investments, Excluding Other than Temporary Impairments

-

-

-

4,502

3,094

7,688

19,750

5,099

8,670

4,646

8,789

Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net

-

-

-

1,475

228

-

-

704

1,523

3,819

29,991

Income (Loss) from Equity Method Investments

1,304

-2,111

1,846

62

405

1,106

2,506

1,435

1,591

974

2,015

Impairment losses on equity method and other investments

3,562

2,275

-

-

-

-

-

-

-

-

-

Provision for Loan and Lease Losses

4,185

0

-

-

-

-

-

-

-

-

-

Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount

-

-

0

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization, Nonproduction

3,198

2,852

1,920

1,831

2,313

3,000

4,577

4,228

4,153

4,650

5,379

Share-based compensation expense

-

-

-

-

-

-

-

832

616

734

518

Deferred Income Tax Expense (Benefit)

7,432

4,063

-9,746

4,445

614

5,423

8,692

-1,200

-1,188

15,100

-12,449

Other Noncash Income (Expense)

-8,261

-6,644

-6,535

-7,809

-6,724

-10,586

-5,574

-7,010

-4,951

2,329

5,512

Increase (Decrease) in Operating Capital
Proceeds from (Payments for) Trading Securities, Short-term

-

-

-

3,727

5,356

-4,719

1,603

-1,289

-

-1,619

-

Increase (Decrease) in Insurance Liabilities

2,111

-15,660

-90,065

-120,064

-18,907

-94,876

36,136

-137,440

963

-34,787

-25,676

Change in income tax liability

-

-

-

-

-

-

-

-

-

-4,320

77

Increase (Decrease) in Premiums Receivable

1,832

2,462

-20,946

-26,179

6,447

3,193

10,005

12,089

-11,245

-9,946

-6,932

Increase (Decrease) in Deferred Policy Acquisition Costs

-

-

-

296

-26,774

6,223

5,827

5,795

7,659

8,343

-1,079

Increase (Decrease) in Reinsurance Recoverable

-5,762

-11,862

-59,692

-42,787

202,617

-101,987

213,349

-1,011

-2,990

-24,985

38,421

Change in Claim Fund Balances

1,393

-249

10,868

-3,094

1,891

-4,800

-3,243

-3,008

5,958

-10,363

-8,508

Increase (Decrease) in Income Taxes Payable, Net of Income Taxes Receivable

2,285

1,112

-5,979

-9,146

3,386

2,241

-951

1,673

7,612

-

-

Increase (Decrease) in Other Operating Assets and Liabilities, Net

1,956

7,599

-372

11,571

-4,189

4,763

-

-

-

-

-

Change in other assets

-

-

-

-

-

-

219

1,807

2,595

-1,379

-3,545

Change in other liabilities

-

-

-

-

-

-

78

3,117

-4,842

-15,007

2,265

Net change in cash from operating activities

-

-

-

-

-

-

-162,316

-115,394

27,885

5,691

-25,458

Net Cash Provided by (Used in) Investing Activities
Payments for (Proceeds from) Short-term Investments

-1,000

999

-6,849

6,870

0

-

-

-

-

-

-

Change in net amount due from and to securities brokers

-

-

-

-

-

-

-

-

-

-14,490

-5,207

Proceeds from (Payments for) Securities Purchased under Agreements to Resell

-95,094

-1,794

18,693

-677

-11,495

5,804

11,362

-16,698

23,823

2,930

18,115

Proceeds from Sale of Debt and Equity Securities, FV-NI, Held-for-investment

2,018

698

0

-

-

-

-

-

-

-

-

Proceeds from Sale of Available-for-sale Securities, Equity

-

-

-

3,577

11,986

288

11,529

14,689

71,183

123,178

18,696

Payments to Acquire Available-for-sale Securities, Equity

-

-

-

0

6,601

1,228

7,517

7,354

61,743

105,637

4,718

Proceeds from Sale of Debt Securities, Available-for-sale

161,239

72,905

193,930

410,983

629,376

353,143

551,756

483,092

596,651

614,588

463,932

Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale

86,460

32,813

28,355

47,285

42,630

45,091

57,090

74,416

158,650

129,876

170,613

Payments to Acquire Debt Securities, Available-for-sale

168,540

126,529

210,694

486,398

521,417

421,285

462,823

412,753

786,560

778,153

643,435

Payments to Acquire Businesses, Net of Cash Acquired

7,952

0

12,323

0

-511

-

-

-

-

-

-

Proceeds from Sale, Maturity and Collection of Investments

5,223

0

-

-

-

-

-

-

-

-

-

Proceeds from Divestiture of Businesses, Net of Cash Divested

-

-

-

135,736

4,518

-

-

-

-

-

-

Proceeds from Sale of Other Assets, Investing Activities

-

-

-

0

8,000

-

-

-

-

-

-

Payments for (Proceeds from) Policy Loans

-

-

-

-1

-10,629

-

-

-

-

-

-

Proceeds from Sales of and Distributions from Other Investments

-

-

-

4,210

1,000

-

-

-

-

-

-

Proceeds from Equity Method Investment, Distribution, Return of Capital

-

-

5,246

-

-

-

-

-

-

-

-

Change in policy loans

-

-

-

-

-

660

10,837

-

-

-

-

Payments to Acquire Other Investments

8,000

0

602

4,371

0

900

-

-

-

-

-

Change in other investments

-

-

-

-

-

-

-

1,080

3,231

1,719

808

Cash acquired in acquisition of AMIC, net of cash paid

-

-

-

-

-

-

-

-

-

4,562

-

Cash paid in acquisitions of companies, net of cash acquired

-

-

-

-

-

-

-

243

-

3,469

775

Cash received (paid) in acquisition of policy blocks

-

-

-

-

-

-

-

-

-

1,192

-

Change in notes receivable

-

-

-

-

-

-

-

-

-

-1,170

-2,472

Other investing activities

3,491

4,784

1,854

4,601

809

-2,574

-9,455

13,362

29,461

1,869

2,095

Net Cash Provided by (Used in) Investing Activities

-27,137

-27,690

27,600

98,875

168,328

-15,853

181,689

122,867

-24,226

4,577

28,820

Net Cash Provided by (Used in) Financing Activities
Payments for Repurchase of Common Stock

4,057

4,140

46,401

3,522

1,820

3,972

3,636

1,244

1,011

1,591

-

Net Change Annuities and Investment Certificates

-1,575

-1,432

-1,736

1,898

-2,306

-2,988

-3,262

3,320

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

1

Proceeds of long-term debt

-

-

-

-

-

-

-

-

2,500

-

-

Repayments of debt

-

-

-

42,935

2,617

2,000

2,000

2,000

-

1,500

1,000

Excess tax expense from expired stock options and vesting of restricted stock

-

-

-

-

-

-

-

-

-

-51

-720

Proceeds (withdrawals) of investment-type insurance contracts

-

-

-

-

-

-

-

-

5,433

-1,117

1,298

Payments of Ordinary Dividends, Common Stock

5,231

3,712

1,928

1,553

1,392

1,233

620

1,681

777

767

746

Payments to Noncontrolling Interests

4,700

0

-

18,111

1,734

-

8,825

58

1,587

-

-

Proceeds from Stock Options Exercised

269

856

0

-

-

-

-

-

-

-

-

Payment, Tax Withholding, Share-based Payment Arrangement

2,397

905

1,659

0

0

-

-

-

-

-

-

Proceeds from (Payments for) Other Financing Activities

-522

-384

-25

-815

353

-431

-746

-92

-1,416

-14

-

Net Cash Provided by (Used in) Financing Activities

-18,213

-9,717

-51,749

-65,038

-9,516

-10,624

-19,089

-1,755

3,142

-5,040

-1,167