Independence holding company (IHC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues
Premiums Earned, Net

96,050

84,552

86,453

84,947

82,789

82,665

81,757

77,334

79,492

71,759

75,639

71,927

62,941

67,180

67,335

65,627

62,562

117,939

119,038

120,443

122,114

116,938

117,705

121,135

123,270

127,984

125,174

125,465

117,368

104,077

92,236

85,469

74,285

109,627

76,326

74,738

75,723

74,071

75,822

Net Investment Income

3,240

3,549

3,964

4,134

3,996

3,831

3,822

3,687

3,681

2,016

4,403

4,100

3,911

3,870

4,004

4,260

4,436

3,407

3,920

4,488

5,422

4,940

5,439

5,434

5,801

5,627

6,841

7,002

8,001

6,912

9,346

7,609

9,489

11,471

8,904

9,263

10,150

9,188

8,792

Insurance Commissions and Fees

3,942

3,170

2,938

3,707

4,188

4,707

4,397

4,585

5,211

5,209

2,634

5,697

3,225

3,905

4,050

3,412

5,079

1,456

2,201

4,417

2,577

-866

4,813

3,861

9,339

8,083

6,290

6,039

6,542

8,226

7,754

5,889

7,421

5,809

7,118

8,328

7,377

8,102

9,681

Net investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,751

-

9,235

9,633

10,116

11,136

10,131

Other Income

477

-3,441

880

879

3,684

-2,857

-58

-295

-151

2,129

361

413

1,591

3,359

2,261

3,379

3,258

1,918

5,790

1,567

992

1,719

951

1,070

1,111

945

922

1,659

1,352

1,395

1,155

1,247

1,156

1,453

1,259

1,845

1,458

1,480

1,410

Gain (Loss) on Investments

288

2,149

930

1,455

171

-698

17

-423

71

1,552

715

100

172

557

2,367

1,018

560

103

-1,109

2,100

2,000

774

844

4,519

1,551

979

2,417

11,735

4,619

1,101

1,011

1,850

1,137

6,065

924

1,883

-202

-

-

Gain on sale of subsidiary to joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

103,997

89,979

95,165

95,122

94,182

87,648

89,935

84,888

88,304

82,665

83,752

82,237

71,840

78,871

78,542

77,696

75,895

124,602

139,773

133,015

133,105

123,505

129,752

136,019

141,072

143,618

141,644

151,900

137,882

112,960

111,502

101,443

102,156

104,493

103,659

105,525

104,319

107,875

106,431

Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities

0

-

0

0

646

-

0

0

0

-

-

-

-

-

1,475

-

-

-

228

-

-

-

-

-

-

-

-

-

-

0

0

909

83

1,618

385

165

303

132

1,039

Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest

0

0

0

0

0

0

0

0

0

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

288

-

-

278

-

-

-

-

Net realized investment gains

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,030

1,634

Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities

0

-

0

0

646

-

0

0

0

-

-

-

-

-

1,475

-

-

0

228

0

0

-

-

-

-

-

-

-

-

0

0

621

83

948

107

165

303

132

-

Operating Expenses
Policyholder Benefits and Claims Incurred, Net

54,058

45,194

41,398

44,410

43,119

38,587

36,011

33,701

35,907

31,983

33,536

37,324

32,211

35,734

38,277

40,477

30,743

73,960

74,218

79,380

79,620

82,547

74,916

83,263

85,309

91,877

88,177

89,276

85,460

-

63,034

60,265

-

-

-

-

-

-

-

Selling, General and Administrative Expense

44,574

47,896

44,348

42,206

40,529

42,971

41,021

41,693

43,343

41,700

42,337

40,985

32,082

34,227

32,823

29,897

35,227

44,001

43,202

44,954

45,484

43,389

44,916

44,947

48,135

46,214

45,597

44,862

42,880

40,405

39,791

33,331

36,472

35,827

38,958

36,331

35,986

37,182

36,390

Benefits, claims and reserves - Health

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,193

-

45,560

50,503

50,576

48,494

53,252

Benefits claims and reserves - Life and annuity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,942

-

11,094

11,654

13,673

12,826

11,427

Amortization of deferred acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,416

1,189

1,282

1,340

1,404

10,948

1,440

1,754

1,587

1,631

1,594

6,276

1,844

1,758

1,691

1,678

1,720

Interest Expense, Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

168

440

473

453

444

444

478

432

440

539

337

481

468

470

490

487

503

509

540

539

532

516

460

457

499

477

Benefits, Losses and Expenses

98,632

93,090

85,746

86,616

83,648

81,558

77,032

75,394

79,250

73,683

75,873

78,309

64,293

70,129

71,540

70,847

66,423

118,405

117,864

124,812

125,536

122,489

121,787

129,736

135,207

139,899

135,648

145,576

130,267

107,019

104,921

95,767

95,740

98,437

97,972

100,706

102,383

100,679

103,266

Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

5,365

-3,111

9,419

8,506

10,534

6,090

12,903

9,494

9,054

8,982

7,879

3,928

7,547

8,742

7,002

6,849

9,472

6,197

21,909

8,203

7,569

1,016

7,965

6,283

5,865

3,719

5,996

6,324

7,615

5,941

6,581

5,676

6,416

6,056

5,687

4,819

1,936

7,196

3,165

Income Tax Expense (Benefit)

1,043

6,177

3,248

1,590

1,644

970

2,860

2,652

2,006

-8,619

2,666

-10,379

2,538

989

2,636

2,354

3,576

2,305

7,750

2,981

2,868

-1,296

3,141

2,403

1,860

1,577

2,080

2,166

2,575

-4,120

2,191

1,846

2,086

2,565

1,676

1,355

-1,864

2,145

847

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

7,753

4,366

4,495

5,896

3,892

14,159

5,222

4,701

-

-

-

-

-

-

-

-

-

-

-

-

-

4,011

3,464

3,800

5,051

2,318

Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

0

0

117,636

2,056

1,305

-82

1,031

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operation, Tax Effect of Discontinued Operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-911

0

-142

7,866

801

576

-16

401

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

892

0

142

109,770

1,255

729

-66

630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

-55

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

4,322

-9,288

6,171

6,916

8,890

5,120

10,043

6,842

7,048

17,601

5,213

14,307

5,009

8,645

4,366

4,637

115,666

5,147

14,888

5,156

5,331

4,212

4,824

3,880

4,005

2,142

3,916

4,158

5,040

10,061

4,390

3,830

4,330

3,491

4,011

3,464

3,800

5,030

2,263

Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest

-9

-11

-14

27

117

253

59

24

16

15

-32

-26

70

116

43

201

9,656

214

128

124

112

178

114

32

304

394

277

467

339

1,771

472

299

408

266

457

424

616

610

565

Net Income (Loss) Attributable to Redeemable Noncontrolling Interest

53

43

43

42

46

38

49

61

71

40

16

2

3

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

4,278

-9,320

6,142

6,847

8,727

4,829

9,935

6,757

6,961

17,546

5,229

14,331

4,936

8,529

4,323

4,436

106,010

4,933

14,760

5,032

5,219

4,034

4,710

3,848

3,701

1,748

3,639

3,691

4,701

8,290

3,918

3,531

3,922

3,225

3,554

3,040

3,184

4,420

1,698

Earnings Per Share, Basic
Income (Loss) from Continuing Operations, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

0.44

0.25

0.25

0.34

0.22

0.81

0.29

0.27

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

0.17

0.19

-

0.11

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

0.08

0.00

0.01

5.81

0.07

0.04

0.00

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Basic

0.29

-0.62

0.41

0.46

0.58

0.32

0.67

0.46

0.47

1.14

0.35

0.88

0.30

0.52

0.25

0.26

6.15

0.29

0.85

0.29

0.30

0.23

0.27

0.22

0.21

0.10

0.21

0.21

0.26

0.45

0.22

0.20

0.22

0.18

0.20

0.17

0.19

-

0.11

Weighted Average Number of Shares Outstanding, Basic

14,856

14,856

14,879

14,929

14,948

14,822

14,795

14,799

14,832

14,857

14,965

16,349

16,701

17,081

17,120

17,204

17,243

17,262

17,292

17,338

17,364

17,366

17,410

17,485

17,623

17,677

17,683

17,753

17,919

53,922

17,957

17

18

18,072

17,790

17,419

17,027

15,233

15,266

Earnings Per Share, Diluted
Income (Loss) from Continuing Operations, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

0.44

0.25

0.25

0.33

0.21

0.81

0.29

0.27

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

0.17

0.19

-

0.11

Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

0.06

0.00

0.01

5.75

0.06

0.04

0.00

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings Per Share, Diluted

0.29

-0.62

0.41

0.46

0.58

0.32

0.66

0.45

0.46

1.14

0.34

0.86

0.29

0.50

0.25

0.26

6.08

0.27

0.85

0.29

0.30

0.22

0.27

0.22

0.21

0.09

0.21

0.21

0.26

0.45

0.22

0.20

0.22

0.18

0.20

0.17

0.19

-

0.11

Weighted Average Number of Shares Outstanding, Diluted

14,911

14,949

14,941

14,948

15,066

15,105

15,109

15,128

15,074

15,152

15,274

16,628

16,978

17,310

17,340

17,417

17,449

17,447

17,457

17,501

17,531

17,546

17,578

17,657

17,763

17,904

17,735

17,805

18,040

54,287

18,028

18

18

18,077

17,795

17,433

17,031

15,233

15,268