Independence Holding (IHC) 10-Q 7 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Nov. 01, 2013	Jun. 30, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'Independence Holding Company	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Sep-13	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0000701869	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	17,687,669	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'Q3	'	'
Entity Public Float	'	'	$91,051

INDEPENDENCE_HOLDING_COMPANY_C

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (September 30, 2013 Unaudited) (USD $)	Sep. 30, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Investments:	'		'
Short-term investments	$50		$50
Securities purchased under agreements to resell	34,036		33,956
Trading securities	6,394		7,016
Fixed maturities, available-for-sale	546,707		719,602
Equity securities, available-for-sale	5,605		15,598
Other investments	26,302		35,134
Total investments	619,094		811,356
Cash and cash equivalents	16,835		23,945
Deferred acquisition costs	29,578		33,401
Due and unpaid premiums	58,343		49,430
Due from reinsurers	377,802		166,880
Premium and claim funds	40,795		40,596
Goodwill	50,318		50,318
Other assets	83,984		86,382
TOTAL ASSETS	1,276,749		1,262,308
LIABILITIES:	'		'
Claims and claim adjustment expenses-health	232,688		194,480
Future policy benefits-life and annuity	285,175		290,238
Funds on deposit	276,379		278,084
Unearned premiums	10,970		8,453
Other policyholders' funds	24,975		22,373
Due to reinsurers	36,734		48,192
Accounts payable, accruals and other liabilities	75,861		71,495
Debt	6,000		8,000
Junior subordinated debt securities	38,146		38,146
TOTAL LIABILITIES	986,928		959,461
IHC STOCKHOLDERS' EQUITY:	'		'
Preferred stock	'	[1]	'	[1]
Common Stock	18,520	[2],[3]	18,462	[2],[4]
Paid-in capital	127,683		126,589
Accumulated other comprehensive income (loss)	-5,922		15,013
Treasury stock, at cost	-7,431	[5]	-4,533	[6]
Retained earnings	141,564		130,153
TOTAL IHC STOCKHOLDERS' EQUITY	274,414		285,684
NONCONTROLLING INTERESTS IN SUBSIDIARIES	15,407		17,163
TOTAL EQUITY	289,821		302,847
TOTAL LIABILITIES AND EQUITY	$1,276,749		$1,262,308
[1]	None issued.
[2]	$1.00 par value.
[3]	23,000,000 shares authorized, 18,520,433 shares issued and 17,711,526 shares outstanding.
[4]	23,000,000 shares authorized, 18,461,992 shares issued and 17,932,954 shares outstanding.
[5]	808,907 treasury shares
[6]	529,038 treasury shares

INDEPENDENCE_HOLDING_COMPANY_C1

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (September 30, 2013 Unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
STATEMENT OF FINANCIAL POSITION	'	'
Preferred Stock, shares issued	0	0
Common Stock, par value	$1	$1
Common Stock, shares authorized	23,000,000	23,000,000
Common Stock, shares issued	18,520,433	18,461,992
Common Stock, shares outstanding	17,711,526	17,932,954
Treasury Stock, shares	808,907	529,038

INDEPENDENCE_HOLDING_COMPANY_C2

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
REVENUES:	'	'	'	'
Premiums earned	$125,174	$92,236	$368,007	$261,479
Net investment income	6,841	9,346	21,844	25,706
Fee income	6,290	7,754	18,871	21,064
Other income	922	1,155	3,933	3,558
Net realized investment gains	2,417	1,011	18,771	3,998
Other-than-temporary impairment losses:	'	'	'	'
Total other-than-temporary impairment losses	'	'	'	-992
Portion of losses recognized in other comprehensive income	'	'	'	288
Net impairment losses recognized in earnings	'	'	'	-704
TOTAL REVENUES	141,644	111,502	431,426	315,101
EXPENSES:	'	'	'	'
Policyholder benefits and claims	88,177	63,034	262,913	180,434
Selling, general and administrative expenses	45,597	39,791	133,339	109,594
Amortization of deferred acquisition costs	1,404	1,587	13,792	4,812
Interest expense on debt	470	509	1,447	1,588
TOTAL EXPENSES	135,648	104,921	411,491	296,428
Income (loss) from operations before income taxes	5,996	6,581	19,935	18,673
Income taxes (benefits)	2,080	2,191	6,821	6,123
Net income (loss)	3,916	4,390	13,114	12,550
(Income) loss from noncontrolling interests in subsidiaries	-277	-472	-1,083	-1,179
NET INCOME (LOSS) ATTRIBUTABLE TO IHC	$3,639	$3,918	$12,031	$11,371
Basic income (loss) per common share	$0.21	$0.22	$0.68	$0.63
WEIGHTED AVERAGE SHARES OUTSTANDING	17,683	17,957	17,784	17,991
Diluted income (loss) per common share	$0.21	$0.22	$0.67	$0.63
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING	17,735	18,028	17,890	18,076

INDEPENDENCE_HOLDING_COMPANY_C3

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
STATEMENT OF COMPREHENSIVE INCOME	'	'	'	'
Net income (loss)	$3,916	$4,390	$13,114	$12,550
Unrealized gains (losses) on available-for-sale securities	-3,969	6,227	-31,965	13,534
Tax (benefit) on unrealized gains (losses) on available-for-sale securities	-1,454	1,985	-10,359	4,351
Unrealized gains (losses) on available-for-sale securities, net of tax	-2,515	4,242	-21,606	9,183
Portion of losses recognized in other comprehensive income	'	'	'	-288
Tax benefit on other-than-temporary impairment losses	'	'	'	-41
Portion of losses recognized in other comprehensive income, net of tax	'	'	'	-247
Unrealized gains (losses) on cash flow hedge, pre-tax	97	126	142	118
Tax (benefit) on unrealized gains (losses) on cash flow hedge	39	50	57	47
Unrealized gains (losses) on cash flow hedge, net of taxes	58	76	85	71
Other comprehensive income (loss), net of tax	-2,457	4,318	-21,521	9,007
Comprehensive income (loss), net of tax	1,459	8,708	-8,407	21,557
(Income) loss from noncontrolling interests in subsidiaries	-277	-472	-1,083	-1,179
Net unrealized (gains) losses on available-for-sale securities, net of tax, attributable to noncontrolling interests	-6	-137	550	-230
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-6	-137	550	-230
Comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-283	-609	-533	-1,409
Comprehensive income (loss), net of tax, attributable to IHC	$1,176	$8,099	($8,940)	$20,148

INDEPENDENCE_HOLDING_COMPANY_C4

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) (USD $)	COMMON STOCK	PAID-IN CAPITAL	ACCUMULATED OTHER COMPREHENSIVE INCOME(LOSS)	TREASURY STOCK, AT COST	RETAINED EARNINGS	TOTAL IHC STOCKHOLDERS' EQUITY	NON-CONTROLLING INTERESTS	Total
In Thousands
Stockholders Equity at Dec. 31, 2012	$18,462	$126,589	$15,013	($4,533)	$130,153	$285,684	$17,163	$302,847
Net income (loss)	'	'	'	'	12,031	12,031	1,083	13,114
Other comprehensive income (loss), net of tax	'	'	-20,971	'	'	-20,971	-550	-21,521
Repurchases of common stock	'	'	'	-2,898	'	-2,898	'	-2,898
Common stock dividend	'	'	'	'	-620	-620	'	-620	[1]
Share-based compensation and related tax effects	58	677	'	'	'	735	'	735
Acquire noncontrolling interests	'	403	36	'	'	439	-1,638	-1,199
Distributions to noncontrolling interests	'	'	'	'	'	'	-654	-654
Other capital transactions	'	14	'	'	'	14	3	17
Stockholders Equity at Sep. 30, 2013	$18,520	$127,683	($5,922)	($7,431)	$141,564	$274,414	$15,407	$289,821
[1]	$0.035 per share

INDEPENDENCE_HOLDING_COMPANY_C5

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2013
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY	'
Common stock dividends declared, per share	$0.04

INDEPENDENCE_HOLDING_COMPANY_C6

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:	'	'
Net income (loss)	$13,114	$12,550
Adjustments to reconcile net income to net change in cash from operating activities:	'	'
Amortization of deferred acquisition costs	13,792	4,812
Net realized investment gains	-18,771	-3,998
Net impairment losses recognized in earnings	'	704
Equity income from equity method investments	-2,150	-1,362
Depreciation and amortization	3,483	3,052
Share-based compensation expense	956	794
Deferred tax expense (benefits)	3,891	4,265
Other adjustments to reconcile net income	3,689	5,159
Changes in assets and liabilities:	'	'
Net sales (purchases) of trading securities	1,747	63
Change in insurance liabilities	27,441	-139,719
(Additions) reductions to deferred acquisition costs, net	-4,382	-4,615
Change in amount due from reinsurers	-210,922	-5,150
Change in premium and claim funds	-199	3,978
Change in current income tax liability	2,761	1,661
Change in due and unpaid premiums	-8,913	-8,165
Change in other assets	-196	-882
Change in other liabilities	1,326	-3,591
Net change in cash from operating activities	-173,333	-130,444
CASH FLOWS PROVIDED BY (USED BY) INVESTING ACTIVITIES:	'	'
Change in net amount due from and to securities brokers	7,621	5,318
Net sales (purchases) of securities under resale and repurchase agreements	-80	2,276
Sales of equity securities	10,029	7,567
Purchases of equity securities	'	-2,963
Sales of fixed maturities	518,399	396,579
Maturities and other repayments of fixed maturities	44,692	53,039
Purchases of fixed maturities	-413,937	-328,968
Change in other investments	'	1,535
Cash paid in acquisitions of companies, net of cash acquired	'	-243
Other investing activites	9,103	-5,521
Net change in cash from investing activities	175,827	128,619
CASH FLOWS PROVIDED BY (USED BY) FINANCING ACTIVITIES:	'	'
Payments for repurchases of common stock	-2,898	-1,108
Cash paid in acquisitions of noncontrolling interests	-1,199	-58
Proceeds (withdrawals) of investment-type insurance contracts	-2,342	2,433
Repayment of long-term debt	-2,000	-2,000
Dividends paid	-620	-1,051
Proceeds of stock option exercises	400	'
Other financing activities	-945	-54
Net change in cash from financing activities	-9,604	-1,838
Net change in cash and cash equivalents	-7,110	-3,663
Cash and cash equivalents, beginning of period	23,945	18,227
Cash and cash equivalents, end of period	$16,835	$14,564

Note_1_Significant_Accounting_

Note 1. Significant Accounting Policies and Practices	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 1. Significant Accounting Policies and Practices	'
	Note 1.            Significant Accounting Policies and Practices
	(A)       Business and Organization
	Independence Holding Company, a Delaware corporation (“IHC”), is a holding company principally engaged in the life and health insurance business through: (i) its insurance companies, Standard Security Life Insurance Company of New York ("Standard Security Life"), Madison National Life Insurance Company, Inc. ("Madison National Life"), Independence American Insurance Company (“Independence American”); and (ii) its marketing and administrative companies, including IHC Risk Solutions, LLC, IHC Health Solutions, Inc. and IHC Specialty Benefits, Inc.  These companies are sometimes collectively referred to as the “Insurance Group”, and IHC and its subsidiaries (including the Insurance Group) are sometimes collectively referred to as the "Company." IHC also owns a significant equity interest in a managing general underwriter (“MGU”) that writes medical stop-loss for Standard Security Life.  At September 30, 2013, the Company also owned an 80.6% interest in American Independence Corp. ("AMIC").
	Geneve Corporation, a diversified financial holding company, and its affiliated entities held approximately 51.6% of IHC's outstanding common stock at September 30, 2013.
	(B)       Basis of Presentation
	The Condensed Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The Condensed Consolidated Financial Statements include the accounts of IHC and its consolidated subsidiaries. All significant intercompany transactions have been eliminated in consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect:  (i) the reported amounts of assets and liabilities; (ii) the disclosure of contingent assets and liabilities at the date of the financial statements; and (iii) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. IHC’s annual report on Form 10-K as filed with the Securities and Exchange Commission should be read in conjunction with the accompanying Condensed Consolidated Financial Statements.
	In the opinion of management, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods have been included. The condensed consolidated results of operations for the three months and nine months ended September 30, 2013 are not necessarily indicative of the results to be anticipated for the entire year.
	(C)       Recent Accounting Pronouncements
	Recently Adopted Accounting Standards
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued guidance requiring an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. For other amounts, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. The adoption of this guidance, effective January 1, 2013, only affected the Company’s presentation of information pertaining to other comprehensive income (loss) and did not affect the Company’s consolidated financial statements.
	In July 2012, the FASB issued guidance to revise the subsequent measurement requirements for indefinite-lived intangible assets. In accordance with the amendments in this Update, an entity will have the option to first assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that an indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. An entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The adoption of this guidance, effective January 1, 2013, did not have a material effect on the Company’s consolidated financial statements.
	In December 2011 and March 2013, the FASB issued guidance to amend the disclosure requirements on offsetting financial instruments and related derivatives. Entities are required to provide both net and gross information for these assets and liabilities in order to enhance comparability. The adoption of this guidance, effective January 1, 2013, did not have a material effect on the Company’s consolidated financial statements.
	Recently Issued Accounting Standards Not Yet Adopted
	In July 2013, the FASB, issued guidance for the presentation of unrecognized tax benefits to better reflect the manner in which an entity would settle, at the reporting date, any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 31, 2013. The Company’s presentation of unrecognized tax benefits is consistent with this guidance and therefore the adoption of such guidance will not have an effect on the Company’s consolidated financial statements.
	In July 2013, the FASB issued guidance that permits the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes and removes the restriction on using different benchmark rates for similar hedges. This guidance is effective prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013 and is not expected to have an impact on the Company’s consolidated financial statements.
	In July 2011, the FASB issued guidance specifying that the liability for the fees paid to the Federal Government by health insurers as a result of recent healthcare reform legislation should be estimated and recorded in full once the entity provides qualifying health insurance in the applicable calendar year in which the fee is payable with a corresponding deferred cost that is amortized to expense using a straight-line method of allocation unless another method better allocates the fee over the calendar year that it is payable. The amendments in this Update are effective for calendar years beginning after December 31, 2013, when the fee initially becomes effective. Management has not yet determined the impact that the adoption of this guidance will have on the Company’s consolidated financial statements.
	(D)       Reclassifications
	Certain amounts in prior year’s Condensed Consolidated Financial Statements and Notes thereto have been reclassified to conform to the 2013 presentation.

Note_2_American_Independence_C

Note 2. American Independence Corp.	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 2. American Independence Corp.	'
	Note 2.                       American Independence Corp.
	As a result of share repurchases by AMIC in January 2013, (i) noncontrolling interests decreased by $1,638,000; (ii) the Company recorded a $403,000 credit to its paid-in capital; and (iii) IHC’s ownership interest in AMIC increased to 80.6%.
	In October 2013, IHC purchased 762,640 shares of AMIC common stock in connection with a tender offer for such shares and, as a result, IHC and its subsidiaries further increased its ownership of AMIC to 90.0%.

Note_3_Income_Per_Common_Share

Note 3. Income Per Common Share	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 3. Income Per Common Share	'
	Note 3.                        Income Per Common Share
	Diluted income per share, computed using the treasury stock method, include incremental shares from; (i) the assumed exercise of dilutive stock options; (ii) the assumed vesting of dilutive restricted stock; and (iii) assumed share settlement of dilutive stock appreciation rights (“SARs”)
	of  52,000 and 106,000  shares, respectively, for the three months and nine months ended September 30, 2013, and 71,000 and 85,000 shares, respectively, for the three months and nine months ended September 30, 2012.

Note_4_Investment_Securities

Note 4. Investment Securities	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 4. Investment Securities	'
	Note  4.                       Investments
	The cost (amortized cost with respect to certain fixed maturities), gross unrealized gains, gross unrealized losses and fair value of investment securities are as follows for the periods indicated (in thousands):
			September 30, 2013
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	216,279	$	1,895	$	-6,513	$	211,661
	CMOs - residential (1)		3,338		714		-		4,052
	CMOs - commercial		975		-		-403		572
	U.S. Government obligations		19,298		332		-71		19,559
	Agency MBS - residential (2)		99		6		-		105
	GSEs (3)		31,572		132		-299		31,405
	States and political subdivisions		249,622		2,825		-5,699		246,748
	Foreign governments		30,574		24		-1,810		28,788
	Redeemable preferred stocks		4,036		73		-292		3,817
	Total fixed maturities	$	555,793	$	6,001	$	-15,087	$	546,707
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Nonredeemable preferred stocks	$	5,504	$	112	$	-11	$	5,605
	Total equity securities	$	5,504	$	112	$	-11	$	5,605
			December 31, 2012
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	343,529	$	11,247	$	-953	$	353,823
	CMOs - residential (1)		12,993		7,166		-65		20,094
	CMOs - commercial		975		-		-405		570
	U.S. Government obligations		18,376		492		-2		18,866
	Agency MBS - residential (2)		397		31		-		428
	GSEs (3)		48,598		1,075		-67		49,606
	States and political subdivisions		260,086		9,134		-995		268,225
	Redeemable preferred stocks		6,323		1,667		-		7,990
	Total fixed maturities	$	691,277	$	30,812	$	-2,487	$	719,602
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Nonredeemable preferred stocks	$	15,355	$	253	$	-10	$	15,598
	Total equity securities	$	15,355	$	253	$	-10	$	15,598
	(1)         Collateralized mortgage obligations (“CMOs”).
	(2)         Mortgage-backed securities (“MBS”).
	(3)         Government-sponsored enterprises (“GSEs”) are private enterprises established and chartered by the Federal Government or its various insurance and lease programs which carry the full faith and credit obligation of the U.S. Government.
	The amortized cost and fair value of fixed maturities available-for-sale at September 30, 2013, by contractual maturity, are shown below (in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. CMOs and MBSs are shown separately, as they are not due at a single maturity.
				AMORTIZED			FAIR
				COST			VALUE
	Due in one year or less		$	2,350		$	2,635
	Due after one year through five years			54,528			55,024
	Due after five years through ten years			183,314			178,605
	Due after ten years			279,616			274,308
	CMOs and MBSs			35,985			36,135
			$	555,793		$	546,707
	The following tables summarize, for all available-for-sale securities in an unrealized loss position, the aggregate fair value and gross unrealized loss by length of time those securities that have continuously been in an unrealized loss position, for the periods indicated:
			30-Sep-13
			Less than 12 Months						12 Months or Longer				Total
			Fair			Unrealized			Fair		Unrealized		Fair		Unrealized
			Value			Losses			Value		Losses		Value		Losses
	Corporate securities	$	142,526		$	6,169		$	4,684	$	344	$	147,210	$	6,513
	CMOs - commercial		-			-			572		403		572		403
	U.S. Government obligations		4,127			71			-		-		4,127		71
	GSEs		3,574			91			5,482		208		9,056		299
	States and political subdivisions		139,702			4,801			22,687		898		162,389		5,699
Foreign governments		26,215			1,684			1,327		126		27,542		1,810
Redeemable preferred stocks		3,471			292			-		-		3,471		292
Total fixed maturities		319,615			13,108			34,752		1,979		354,367		15,087
Nonredeemable preferred stocks		1,238			11			-		-		1,238		11
Total temporarily impaired
securities	$	320,853		$	13,119		$	34,752	$	1,979	$	355,605	$	15,098
Number of securities in an
unrealized loss position		109						16				125
		31-Dec-12
		Less than 12 Months						12 Months or Longer				Total
		Fair			Unrealized			Fair		Unrealized		Fair		Unrealized
		Value			Losses			Value		Losses		Value		Losses
Corporate securities	$	61,386		$	953		$	-	$	-	$	61,386	$	953
CMOs - residential		2,416			21			1,138		44		3,554		65
CMOs - commercial		-			-			570		405		570		405
U.S. Government obligations		5,667			2			-		-		5,667		2
GSEs		6,162			40			2,784		27		8,946		67
States and political subdivisions		53,036			657			17,707		338		70,743		995
Total fixed maturities		128,667			1,673			22,199		814		150,866		2,487
Nonredeemable preferred stocks		1,378			10			-		-		1,378		10
Total temporarily impaired
securities	$	130,045		$	1,683		$	22,199	$	814	$	152,244	$	2,497
Number of securities in an
unrealized loss position		45						23				68
Substantially all of the unrealized losses on fixed maturities available-for-sale at September 30, 2013 and December 31, 2012 relate to investment grade securities and are attributable to changes in market interest rates. Because the Company does not intend to sell, nor is it more likely than not that the Company will have to sell such investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at September 30, 2013.
Net realized investment gains (losses) are as follows for periods indicated (in thousands):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Sales of available-for-sale securities:
Fixed maturities	$	2,045	$	1,282	$	18,321	$	4,625
Preferred stocks		-		(76)		177		(567)
Total sales of available-for-sale securities		2,045		1,206		18,498		4,058
Sales of trading securities		744		184		1,129		289
Other gains (losses)		(199)		-		(853)		-
Total realized gains (losses)		2,590		1,390		18,774		4,347
Unrealized gains (losses) on trading securities:
Available-for-sale securities transferred
to trading category		-		-		-		138
Change in unrealized gains (losses) on trading securities		(173)		65		(3)		(43)
Total unrealized gains (losses)  on trading securities		(173)		65		(3)		95
Loss on other investment		-		(444)		-		(444)
Net realized investment gains (losses)	$	2,417	$	1,011	$	18,771	$	3,998
For the three months and nine months ended September 30, 2013, the Company realized gross gains of $2,324,000 and $21,060,000, respectively, and realized gross losses of $279,000 and $2,562,000, respectively, on sales of available-for-sale securities. For the three months and nine months ended September 30, 2012, the Company realized gross gains of $2,170,000 and $8,259,000, respectively, and realized gross losses of $964,000 and $4,201,000, respectively, on sales of available-for-sale securities.
On January 1, 2012, the Company transferred equity securities previously classified as available-for-sale into the trading category and, as a result, recognized $287,000 of gross gains and $149,000 of gross losses in net realized investment gains on the accompanying Condensed Consolidated Statement of Income. These gains and losses were previously included in accumulated other comprehensive income.
Other-Than-Temporary Impairment Evaluations
We recognize an other-than-temporary impairment loss in earnings in the period that we determine: 1) we intend to sell the security; 2) it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis; or 3) the security has a credit loss. Any non-credit portion of the other-than-temporary impairment loss is recognized in other comprehensive income (loss). See Note 1E(vi) to the Consolidated Financial Statements in the 2012 Annual Report for further discussion of the factors considered by management in its regular review to identify and recognize other-than-temporary impairments on available-for-sale securities. Our other-than-temporary impairment losses were as follows for the periods indicated (in thousands):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Total other-than-temporary impairment losses	$	-	$	-	$	-	$	992
Portion of losses recognized in other comprehensive
income (loss)		-		-		-		(288)
Net impairment losses recognized in earnings	$	-	$	-	$	-	$	704
Credit losses were recognized on certain fixed maturities for which each security also had an impairment loss recognized in other comprehensive income (loss). The rollforward of these credit losses were as follows for the periods indicated (in thousands):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
Balance at beginning of year	$	563	$	2,600	$	1,976	$	2,555
Credit losses during the period for which an other-
than-temporary loss was not previously recognized		-		-		-		473
Additional credit losses for which an other-than-
temporary loss was previously recognized		-		-		-		148
Securities sold		-		-624		-1,413		-1,200
Balance at end of period	$	563	$	1,976	$	563	$	1,976
The after-tax portion of other-than-temporary impairments included in accumulated other comprehensive income (loss) at September 30, 2013 and December 31, 2012 consists of $345,000 and $389,000, respectively, related to CMO securities; and $0 and $684,000, respectively, related to redeemable preferred stock.

Note_5_Cash_Flow_Hedge

Note 5. Cash Flow Hedge	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 5. Cash Flow Hedge	'
	Note 5.                        Cash Flow Hedge
	In connection with its outstanding amortizing term loan, a subsidiary of IHC entered into an interest rate swap on July 1, 2011 with the commercial bank lender, for a notional amount equal to the debt principal amount ($6,000,000 and $8,000,000 at September 30, 2013 and December 31, 2012, respectively), under which the Company receives a variable rate equal to the rate on the debt and pays a fixed rate ( 1.60%) in order to manage the risk in overall changes in cash flows attributable to forecasted interest payments. As a result of the interest rate swap, interest payments on this debt are fixed at 4.95%. There was no hedge ineffectiveness on this interest rate swap which was accounted for as a cash flow hedge. At September 30, 2013 and December 31, 2012, the fair value of interest rate swap was $221,000 and $363,000, respectively, which is included in other liabilities on the accompanying Consolidated Balance Sheets. See Note 6 for further discussion on the valuation techniques utilized to determine the fair value of the interest rate swap.

Note_6_Fair_Value_Disclosures

Note 6. Fair Value Disclosures	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 6. Fair Value Disclosures	'
	Note 6.                        Fair Value Disclosures
	For all financial and non-financial assets and liabilities accounted for at fair value on a recurring basis, the Company utilizes valuation techniques based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market expectations. These two types of inputs create the following fair value hierarchy:
	Level 1 - Quoted prices for identical instruments in active markets.
	Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
	Level 3 - Instruments where significant value drivers are unobservable.
	The following section describes the valuation methodologies we use to measure different assets at fair value.
	Investments in fixed maturities and equity securities:
	Available-for-sale securities included in Level 1 are equities with quoted market prices. Level 2 is primarily comprised of our portfolio of government securities, agency mortgage-backed securities, corporate fixed income securities, collateralized mortgage obligations, municipals, GSEs and certain preferred stocks that were priced with observable market inputs. Level 3 securities consist primarily of CMO securities backed by Alt-A mortgages.  For these securities, we use industry-standard pricing methodologies, including discounted cash flow models, whose inputs are based on management’s assumptions and available market information. Significant unobservable inputs used in the fair value measurement of CMO’s are prepayment rates, probability of default, and loss severity in the event of default. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for loss severity and a directionally opposite change in the assumption used for prepayment rates. Further we retain independent pricing vendors to assist in valuing certain instruments.
	Trading securities:
	Trading securities included in Level 1 are equity securities with quoted market prices.
	Interest rate swap:
	The financial liability included in Level 2 consists of an interest rate swap on IHC debt.  It is valued using market observable inputs including market price, interest rate, and volatility within a Black Scholes model.
	The following tables present our financial assets and liabilities measured at fair value on a recurring basis for the periods indicated (in thousands):
			30-Sep-13
			Level 1			Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-		$	211,661	$	-	$	211,661
	CMOs - residential		-			2,503		1,549		4,052
	CMOs - commercial		-			-		572		572
	US Government obligations		-			19,559		-		19,559
	Agency MBS - residential		-			105		-		105
	GSEs		-			31,405		-		31,405
	States and political subdivisions		-			244,275		2,473		246,748
	Foreign governments		-			28,788		-		28,788
	Redeemable preferred stocks		3,817			-		-		3,817
	Total fixed maturities		3,817			538,296		4,594		546,707
	Equity securities available-for-sale:
	Nonredeemable preferred stocks		5,605			-		-		5,605
	Total equity securities		5,605			-		-		5,605
	Trading securities - equities		6,394			-		-		6,394
	Total trading securities		6,394			-		-		6,394
	Total Financial Assets	$	15,816		$	538,296	$	4,594	$	558,706
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-		$	221	$	-	$	221
			31-Dec-12
			Level 1			Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-		$	353,823	$	-	$	353,823
	CMOs - residential		-			6,041		14,053		20,094
	CMOs - commercial		-			-		570		570
	US Government obligations		-			18,866		-		18,866
	Agency MBS - residential		-			428		-		428
	GSEs		-			49,606		-		49,606
	States and political subdivisions		-			265,667		2,558		268,225
	Redeemable preferred stocks		7,990			-		-		7,990
	Total fixed maturities		7,990			694,431		17,181		719,602
	Equity securities available-for-sale:
	Nonredeemable preferred stocks		15,598			-		-		15,598
	Total equity securities		15,598			-		-		15,598
	Trading securities - equities		7,016			-		-		7,016
	Total trading securities		7,016			-		-		7,016
	Total Financial Assets	$	30,604		$	694,431	$	17,181	$	742,216
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-		$	363	$	-	$	363
	It is the Company’s policy to recognize transfers of assets and liabilities between levels of the fair value hierarchy at the end of a reporting period.
	At September 30, 2013, there were no transfers of assets and liabilities between Level 1 and Level 2 of the fair value hierarchy. No securities were transferred out of Level 2 and into the Level 3 category at September 30, 2013. The Company does not transfer out of Level 3 and into Level 2 until such time as observable inputs become available and reliable or the range of available independent prices narrow. No securities were transferred out of the Level 3 category in 2013 or 2012. The changes in the carrying value of Level 3 assets and liabilities, for the periods indicated, are summarized as follows (in thousands):
			Three Months Ended September 30, 2013
			CMOs				States and
							Political
			Residential		Commercial		Subdivisions		Total
	Beginning balance	$	4,370	$	571	$	2,501	$	7,442
Gains (losses) included in earnings:
Net realized investment gains		1,882		-		-		1,882
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		(2,140)		1		(18)		(2,157)
Sales of securities		(2,343)		-		-		(2,343)
Repayments and amortization of fixed maturities		(220)		-		(10)		(230)
Balance at end of period	$	1,549	$	572	$	2,473	$	4,594
		Three Months Ended September 30, 2012
		CMOs				States and
						Political
		Residential		Commercial		Subdivisions		Total
Beginning balance	$	12,969	$	551	$	2,614	$	16,134
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		1,906		9		(30)		1,885
Repayments and amortization of fixed maturities		(733)		-		3		(730)
Balance at end of period	$	14,142	$	560	$	2,587	$	17,289
		Nine Months Ended September 30, 2013
		CMOs				States and
						Political
		Residential		Commercial		Subdivisions		Total
Beginning balance	$	14,053	$	570	$	2,558	$	17,181
Gains (losses) included in earnings:
Net realized investment gains		6,517		-		-		6,517
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		(6,389)		2		(60)		(6,447)
Sales of securities		(11,663)		-		-		(11,663)
Repayments and amortization of fixed maturities		(969)		-		(25)		(994)
Balance at end of period	$	1,549	$	572	$	2,473	$	4,594
		Nine Months Ended September 30, 2012
		CMOs				States and
						Political
		Residential		Commercial		Subdivisions		Total
Beginning balance	$	22,127	$	538	$	-	$	22,665
Purchases of securities		-		-		2,135		2,135
Gains(losses) included in earnings:
Net realized investment losses		(1,212)		-		-		(1,212)
Other-than-temporary impairments		(231)		(473)		-		(704)
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		2,976		495		424		3,895
Sales of securities		(7,087)		-		-		(7,087)
Repayments and amortization of fixed maturities		(2,431)		-		28		(2,403)
Balance at end of period	$	14,142	$	560	$	2,587	$	17,289
The following table provides carrying values, fair values and classification in the fair value hierarchy of the Company’s financial instruments, for the periods indicated, that are not carried at fair value but are subject to fair value disclosure requirements (in thousands):
		30-Sep-13					31-Dec-12
		Level 2					Level 2
		Fair			Carrying		Fair			Carrying
		Value			Value		Value			Value
FINANCIAL ASSETS:
Policy loans	$	14,462		$	11,182	$	28,748		$	22,165
FINANCIAL LIABILITIES:
Funds on deposit	$	277,327		$	276,379	$	279,125		$	278,084
Debt and junior subordinated
debt securities	$	44,146		$	44,146	$	46,146		$	46,146
The following methods and assumptions were used to estimate the fair value of the financial instruments that are not carried at fair value in the Condensed Consolidated Financial Statements:
(A)       Policy Loans
The fair value of policy loans included in Level 2 of the fair value hierarchy is estimated by projecting aggregate loan cash flows to the end of the expected lifetime period of the life insurance business at the average policy loan rates, and discounting them at a current market interest rate.
(B)              Funds on Deposit
The Company has two types of funds on deposit. The first type is credited with a current market interest rate, resulting in a fair value which approximates the carrying amount. The second type carries fixed interest rates which are higher than current market interest rates. The fair value of these deposits was estimated by discounting the payments using current market interest rates. The Company's universal life policies are also credited with current market interest rates, resulting in a fair value which approximates the carrying amount. Both types of funds on deposit are included in Level 2 of the fair value hierarchy.
(C)       Debt
The fair value of debt with variable interest rates approximates its carrying amount and is included in Level 2 of the fair value hierarchy.

Note_7_Goodwill_and_Other_Inta

Note 7. Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 7. Goodwill and Other Intangible Assets	'
	Note 7.                        Goodwill and Other Intangible Assets
	The change in the carrying amount of goodwill and other intangible assets (included in other assets in the Condensed Consolidated Balance Sheets) for the first nine months of 2013 is as follows (in thousands):
					Other Intangible Assets
									Total
									Other
					Definitive		Indefinite		Intangible
			Goodwill		Lives		Lives		Assets
	Balance at December 31, 2012	$	50,318	$	10,294	$	7,977	$	18,271
	Medical Stop-Loss:
	Broker relationships		-		-183		-		-183
	Amortization expense		-		-2,443		-		-2,443
	Balance at September 30, 2013	$	50,318	$	7,668	$	7,977	$	15,645

Note_8_Sharebased_Compensation

Note 8. Share-based Compensation	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 8. Share-based Compensation	'
	Note 8.                        Share-Based Compensation
	IHC and AMIC each have share-based compensation plans. The following is a summary of the activity pertaining to each of these plans.
	A)  IHC Share-Based Compensation Plans
	Total share-based compensation was $436,000 and $153,000 for the three months ended September 30, 2013 and 2012, respectively, and was $926,000 and $770,000 for the nine months ended September 30, 2013 and 2012, respectively. Related tax benefits of $174,000 and $61,000 were recognized for the three months ended September 30, 2013 and 2012, respectively, and $369,000 and $307,000 were recognized for the nine months ended September 30, 2013 and 2012, respectively.
	Under the terms of IHC’s stock-based compensation plans, option exercise prices are more than or equal to the quoted market price of the shares at the date of grant; option terms range from five to ten years; and vesting periods are three years for employee options.  The Company may also grant shares of restricted stock, share appreciation rights (“SARs”) and share-based performance awards. Restricted shares are valued at the quoted market price of the shares at the date of grant and have a three-year vesting period. Exercise prices of SARs are more than or equal to the quoted market price of IHC shares at the date of the grant and have three year vesting periods. At September 30, 2013, there were 380,970 shares available for future stock-based compensation grants under IHC’s stock incentive plans.
	Stock Options
	IHC’s stock option activity for the nine months ended September 30, 2013 is as follows:
			Shares		Weighted- Average
			Under Option		Exercise Price
	31-Dec-12		693,836		$	9.36
	Exercised		-44,000		9.09
	Forfeited		-27,500		9.99
	Expired		-2,178		10.47
	30-Sep-13		620,158		$	9.35
	The total intrinsic value of options exercised during the nine months ended September 30, 2013 was $228,000. In March 2013, 192,500 share options held by 5 employees were modified to extend the expiration term 5 years. The incremental cost of the modified awards was $618,000, which will be recognized over a new 2-year vesting period starting from the date of the modification.
	The following table summarizes information regarding outstanding and exercisable options as of September 30, 2013:
			Outstanding		Exercisable
	Number of options		620,158		455,158
	Weighted average exercise price per share	$	9.35	$	9.12
	Aggregate intrinsic value for all options (in thousands)	$	3,058	$	2,351
	Weighted average contractual term remaining		2.1 years		1.2 years
	The fair value of an option award is estimated on the date of grant using the Black-Scholes option valuation model.
	Compensation expense of $53,000 and $56,000 was recognized in the three months ended September 30, 2013 and 2012, respectively, and $143,000 and $177,000 was recognized in the nine months ended September 30, 2013 and 2012, respectively, for the portion of the grant-date fair value of stock options vesting during that period.
	As of September 30, 2013, the total unrecognized compensation expense related to non-vested stock options was $386,000, which is expected to be recognized over the remaining requisite weighted-average service period of 1.46 years.
	Restricted Stock
	The following table summarizes restricted stock activity for the nine months ended September 30, 2013:
			No. of		Weighted-Average
			Non-vested		Grant-Date
			Shares		Fair Value
	31-Dec-12		13,200		$	9.37
	Granted		7,425			11.66
	Vested		(5,775)			9.15
	30-Sep-13		14,850		$	10.6
	IHC granted 7,425 shares of restricted stock awards during each of the nine months ended September 30, 2013 and 2012 with a weighted average grant-date fair value of $11.66 and $9.39, respectively, per share. The total fair value of restricted stock that vested during each of the first nine months of 2013 and 2012 was $69,000 and $40,000, respectively. Restricted stock expense was $19,000 and $13,000 for the three months ended September 30, 2013 and 2012, respectively, and was $47,000 and $31,000 for the nine months ended September 30, 2013 and 2012, respectively.
	As of September 30, 2013, the total unrecognized compensation expense related to non-vested restricted stock awards was $136,000 which is expected to be recognized over the remaining requisite weighted-average service period of 2.0 years.
	SARs and Share-Based Performance Awards
	IHC had 251,800 and 269,950 SAR awards outstanding at September 30, 2013 and December 31, 2012, respectively. No SARs awards were granted during the nine months ended September 30, 2013. During the nine months ended September 30, 2012, the Company granted 44,000 SAR awards. The fair value of SARs is calculated using the Black-Scholes valuation model at the grant date and each subsequent reporting period until settlement. Compensation cost is based on the proportionate amount of the requisite service that has been rendered to date. Once fully vested, changes in fair value of the SARs continue to be recognized as compensation expense in the period of the change until settlement. For three months ended September 30, 2013, and 2012, IHC recorded $363,000, and $60,000, respectively, of compensation costs for these awards. For nine months ended September 30, 2013, and 2012, IHC recorded $741,000, and $511,000, respectively, of compensation costs for these awards. In the first nine months of 2013, 14,850 SARs were exercised with an aggregate intrinsic value of $74,000. No SARs were exercised during the nine months ended September 30, 2012. Included in Other Liabilities in the Company’s Condensed Consolidated Balance Sheets at September 30, 2013 and December 31, 2012 are liabilities of $1,350,000 and $683,000, respectively, pertaining to SARs.
	Other outstanding awards include share-based performance awards. Compensation costs for these awards are recognized and accrued as performance conditions are met, based on the current share price. IHC discontinued these award programs in 2013. For the three months ended September 30, 2013, and 2012, IHC recorded $0 and $24,000, respectively, of compensation costs for these awards, and for the nine months ended September 30, 2013, and 2012, IHC recorded $(5,000) and $51,000, respectively.  The intrinsic value of share-based performance awards paid during the nine months ended September 30, 2013 and 2012 was $83,000 and $57,000, respectively. Included in the other liabilities on the Company’s Condensed Consolidated Balance Sheets at September 30, 2013 and December 31, 2012 are liabilities of $10,000 and $97,000, respectively, pertaining to share-based performance awards.
	B)        AMIC Share-Based Compensation Plans
	Total AMIC share-based compensation expense was $13,000 and $8,000 the three months ended September 30, 2013 and 2012, respectively, and was $30,000 and $24,000 for the nine months ended September 30, 2013 and 2012, respectively.  Related tax benefits of $4,000 and $3,000 were recognized for the three months ended September 30, 2013 and 2012; and were $10,000 and $9,000 for the nine months ended September 30, 2013 and 2012.
	Under the terms of the AMIC’s stock-based compensation plan, option exercise prices are equal to the quoted market price of the shares at the date of grant; option terms are ten years; and vesting periods range from three to four years.  AMIC may also grant shares of restricted stock, stock appreciation rights and share-based performance awards.  Restricted shares are valued at the quoted market price of the shares at the date of grant, and have a three-year vesting period.
	Stock Options
	AMIC’s stock option activity for the nine months ended September 30, 2013 is as follows:
			Shares		Weighted- Average
			Under Option		Exercise Price
	31-Dec-12		227,285		$	11.4
	Granted		13,334			7.01
	Expired		-18,334			7.5
	30-Sep-13		222,285		$	11.46
	The following table summarizes information regarding AMIC’s outstanding and exercisable options as of September 30, 2013:
			Outstanding		Exercisable
	Number of options		222,285		203,395
	Weighted average exercise price per share	$	11.46	$	11.91
	Aggregate intrinsic value for all options (in thousands)	$	236	$	173
	Weighted average contractual term remaining		3.02 years		2.46 years
	The fair value of an option award is estimated on the date of grant using the Black-Scholes option valuation model. The weighted average grant-date fair-value of options granted during the nine months ended September 30, 2013 was $4.04 per share. No options were granted during the nine months ended September 30, 2012. The assumptions set forth in the table below were used to value the stock options granted during the nine months ended September 30, 2013:
			30-Sep
			2013
	Weighted-average risk-free interest rate		2.30%
	Annual dividend rate per share		-
	Weighted-average volatility factor of the Company's common stock		45.00%
	Weighted-average expected term of options		5 years
	Compensation expense of $13,000 and $8,000 was recognized for the three-month periods ended September 30, 2013 and 2012, respectively, and was $30,000 and $24,000 for the nine-month periods ended September 30, 2013 and 2012, respectively, for the portion of the grant-date fair value of AMIC’s stock options vesting during the period.
As of September 30, 2013, the total unrecognized compensation expense related to AMIC’s non-vested options was $72,000 which will be recognized over the remaining requisite service periods.

Note_9_Debt

Note 9. Debt	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 9. Debt	'
	Note 9.                        Debt
	In July 2013, the Company made a $2,000,000 principal debt repayment in accordance with the terms of its amortizing term note.

Note_10_Income_Taxes

Note 10. Income Taxes	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 10. Income Taxes	'
	Note 10.          Income Taxes
	The provisions for income taxes shown in the Condensed Consolidated Statements of Income were computed based on the Company's actual results, which approximate the effective tax rate expected to be applicable for the balance of the current fiscal year in accordance with consolidated life/non-life group income tax regulations. Such regulations adopt a subgroup method in determining consolidated taxable income, whereby taxable income is determined separately for the life insurance company group and the non-life insurance company group.
	At September 30, 2013, AMIC had net operating loss carryforwards of approximately $268,808,000 for federal income tax purposes, expiring in varying amounts through the year 2031, with a significant portion expiring in 2021. The net deferred tax asset relative to AMIC included in other assets on IHC’s Condensed Consolidated Balance Sheets was $10,885,000 and $12,173,000 at September 30, 2013 and December 31, 2012, respectively. Effective January 15, 2013, AMIC will be included in the consolidated Federal income tax returns of IHC on a June 30 fiscal year as a result of the increase in IHC’s ownership interest in AMIC to over 80%.

Note_11_Reinsurance

Note 11. Reinsurance	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 11. Reinsurance	'
	Note 11.          Reinsurance
	Effective May 31, 2013, Madison National Life entered into a coinsurance agreement with an unaffiliated reinsurer, Guggenheim Life and Annuity Company, to cede approximately $218,633,000 of life and annuity reserves and, in accordance with its terms, transferred net cash and other assets, with an aggregate value of $215,137,000, to the reinsurer during the second quarter of 2013. As a result of this transaction, the Company: (i) recorded estimated amounts due from reinsurers of $218,296,000; (ii) recorded $6,643,000 of estimated deferred expenses (included in other assets) which will be amortized over the life of the underlying reinsured contracts; and (iii) wrote-off $9,307,000 of deferred acquisition costs associated with this block of policies. The write-off was more than offset by gains realized by the Company in the transaction, most of which resulted from the required sale and transfer of invested assets.

Note_12_Supplemental_Disclosur

Note 12. Supplemental Disclosures of Cash Flow Information	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 12. Supplemental Disclosures of Cash Flow Information	'
	Note 12.          Supplemental Disclosures of Cash Flow Information
	Tax refunds, net of tax payments, were $612,000 and $519,000 during the nine months ended September 30, 2013 and 2012.
	Cash payments for interest were $1,458,000 and $1,601,000 during the nine months ended September 30, 2013 and 2012, respectively.

Note_13_Contingencies

Note 13. Contingencies	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 13. Contingencies	'
	Note 13.          Contingencies
	On September 1, 2013, Madison National Life entered into an agreement with a former policyholder for a return of premium in connection with health insurance business written during 2007.  The agreement was entered into in response to a potential lawsuit and, as a result, the Company has accrued $1,541,000 in return of premium reserves (net of recoveries). The Company terminated the MGU that produced this business in 2008.

Note_14_Other_Comprehensive_In

Note 14. Other Comprehensive Income (loss)	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 14. Other Comprehensive Income (loss)	'
	Note 14.          Other Comprehensive Income (Loss)
	The components of other comprehensive income (loss) include (i) the after-tax net unrealized gains and losses on investment securities available-for-sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities and (ii) the after-tax unrealized gains and losses on a cash flow hedge.
	Changes in the balances for each component of accumulated other comprehensive income (loss), shown net of taxes, for the periods indicated were as follows (in thousands):
			Three Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge			Total
	Beginning balance	$	(3,268)		$	(191)		$	(3,459)
	Other comprehensive income (loss) before reclassifications		(1,364)			58			(1,306)
	Amounts reclassified from accumulated OCI		(1,151)			-			(1,151)
	Net other comprehensive income (loss)		(2,515)			58			(2,457)
	Less other comprehensive loss attributable
	to noncontrolling interests		(6)			-			(6)
	Ending balance	$	(5,789)		$	(133)		$	(5,922)
			Three Months Ended September 30, 2012
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge			Total
	Beginning balance	$	12,754		$	(302)		$	12,452
	Other comprehensive income (loss) before reclassifications		5,017			76			5,093
	Amounts reclassified from accumulated OCI		(775)			-			(775)
	Net other comprehensive income (loss)		4,242			76			4,318
	Less other comprehensive loss attributable
	to noncontrolling interests		(137)			-			(137)
	Acquired from noncontrolling interests		-			-			-
	Ending balance	$	16,859		$	(226)		$	16,633
			Nine Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge			Total
	Beginning balance	$	15,231		$	(218)		$	15,013
	Other comprehensive income (loss) before reclassifications		(9,908)			85			(9,823)
	Amounts reclassified from accumulated OCI		(11,698)			-			(11,698)
	Net other comprehensive income (loss)		(21,606)			85			(21,521)
	Less other comprehensive loss attributable
	to noncontrolling interests		550			-			550
	Acquired from noncontrolling interests		36			-			36
	Ending balance	$	(5,789)		$	(133)		$	(5,922)
			Nine Months Ended September 30, 2012
			Unrealized
			Gains (Losses) on
			Available-for-Sale			Cash Flow
			Securities			Hedge			Total
	Beginning balance	$	8,150		$	(297)		$	7,853
	Other comprehensive income (loss) before reclassifications		11,190			71			11,261
	Amounts reclassified from accumulated OCI		(2,254)			-			(2,254)
	Net other comprehensive income (loss)		8,936			71			9,007
	Less other comprehensive loss attributable
	to noncontrolling interests		(230)			-			(230)
	Acquired from noncontrolling interests		3			-			3
	Ending balance	$	16,859		$	(226)		$	16,633
	Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the periods indicated (in thousands):
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Unrealized gains (losses) on available-for-sale securities
	reclassified during the period to the following income
	statement line items:
	Net realized investment gains	$	1,846	$	1,205	$	17,647	$	4,195
	Net impairment losses recognized in earnings		-		-		-		(704)
Income from operations before income tax		1,846		1,205		17,647		3,491
Tax effect		695		430		5,949		1,237
Net income	$	1,151	$	775	$	11,698	$	2,254

Note_15_Segment_Reporting

Note 15. Segment Reporting	9 Months Ended
	Sep. 30, 2013
Notes	'
Note 15. Segment Reporting	'
	Note 15.          Segment Reporting
	The Insurance Group principally engages in the life and health insurance business. Information by business segment is presented below for the periods indicated (in thousands):
				Three Months Ended				Nine Months Ended
				September 30,				September 30,
				2013		2012		2013		2012
	Revenues:
	Medical Stop-Loss		$	42,043	$	38,286	$	127,833	$	107,844
	Fully  Insured Health			71,778		45,357		203,896		124,033
	Group disability, life, annuities and DBL			15,842		13,160		46,685		38,901
	Individual life, annuities and other			9,542		13,666		34,162		40,517
	Corporate			22		22		79		512
				139,227		110,491		412,655		311,807
	Net realized investment gains			2,417		1,011		18,771		3,998
	Other-than-temporary impairment losses			-		-		-		(704)
	Total revenues		$	141,644	$	111,502	$	431,426	$	315,101
	Income from operations
		before income taxes:
	Medical Stop-Loss		$	3,404	$	2,853	$	9,836	$	12,787
	Fully Insured Health(A)			615		1,461		474		4,619
	Group disability, life, annuities and DBL			2,555		3,590		6,530		4,292
	Individual life, annuities and other(B)			(40)		852		(9,207)		1,050
	Corporate			(2,485)		(2,677)		(5,022)		(5,781)
				4,049		6,079		2,611		16,967
	Net realized investment gains			2,417		1,011		18,771		3,998
	Other-than-temporary impairment losses			-		-		-		(704)
	Interest expense			(470)		(509)		(1,447)		(1,588)
	Income from operations before
	income taxes		$	5,996	$	6,581	$	19,935	$	18,673
	(A)                The Fully Insured Health segment includes amortization of intangible assets. Total amortization expense was $602,000 and $624,000 for the three months ended September 30, 2013 and 2012, respectively, and was $1,810,000 and $1,829,000, respectively, for the nine months ended September 30, 2013 and 2012. Amortization expense for the other segments is not material to their operating results.
	(B)                 For the nine months ended September 30, 2013, the Individual life, annuities and other segment includes the write-off of $9,307,000 of deferred acquisition costs in connection with a coinsurance agreement. See Note 11 for more reinsurance information.

Note_1_Significant_Accounting_1

Note 1. Significant Accounting Policies and Practices: Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Basis of Presentation	'
	The Condensed Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The Condensed Consolidated Financial Statements include the accounts of IHC and its consolidated subsidiaries. All significant intercompany transactions have been eliminated in consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect:  (i) the reported amounts of assets and liabilities; (ii) the disclosure of contingent assets and liabilities at the date of the financial statements; and (iii) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. IHC’s annual report on Form 10-K as filed with the Securities and Exchange Commission should be read in conjunction with the accompanying Condensed Consolidated Financial Statements.
	In the opinion of management, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods have been included. The condensed consolidated results of operations for the three months and nine months ended September 30, 2013 are not necessarily indicative of the results to be anticipated for the entire year.

Note_1_Significant_Accounting_2

Note 1. Significant Accounting Policies and Practices: New Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
New Accounting Pronouncements	'
	Recently Adopted Accounting Standards
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued guidance requiring an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. For other amounts, an entity is required to cross-reference to other disclosures that provide additional detail about those amounts. The adoption of this guidance, effective January 1, 2013, only affected the Company’s presentation of information pertaining to other comprehensive income (loss) and did not affect the Company’s consolidated financial statements.
	In July 2012, the FASB issued guidance to revise the subsequent measurement requirements for indefinite-lived intangible assets. In accordance with the amendments in this Update, an entity will have the option to first assess qualitative factors to determine whether the existence of events and circumstances indicates that it is more likely than not that an indefinite-lived intangible asset is impaired. If, after assessing the totality of events and circumstances, an entity concludes that it is not more likely than not that the indefinite-lived intangible asset is impaired, then the entity is not required to take further action. An entity also has the option to bypass the qualitative assessment for any indefinite-lived intangible asset in any period and proceed directly to performing the quantitative impairment test. An entity will be able to resume performing the qualitative assessment in any subsequent period. The adoption of this guidance, effective January 1, 2013, did not have a material effect on the Company’s consolidated financial statements.
	In December 2011 and March 2013, the FASB issued guidance to amend the disclosure requirements on offsetting financial instruments and related derivatives. Entities are required to provide both net and gross information for these assets and liabilities in order to enhance comparability. The adoption of this guidance, effective January 1, 2013, did not have a material effect on the Company’s consolidated financial statements.
	Recently Issued Accounting Standards Not Yet Adopted
	In July 2013, the FASB, issued guidance for the presentation of unrecognized tax benefits to better reflect the manner in which an entity would settle, at the reporting date, any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 31, 2013. The Company’s presentation of unrecognized tax benefits is consistent with this guidance and therefore the adoption of such guidance will not have an effect on the Company’s consolidated financial statements.
	In July 2013, the FASB issued guidance that permits the Fed Funds Effective Swap Rate to be used as a U.S. benchmark interest rate for hedge accounting purposes and removes the restriction on using different benchmark rates for similar hedges. This guidance is effective prospectively for qualifying new or re-designated hedging relationships entered into on or after July 17, 2013 and is not expected to have an impact on the Company’s consolidated financial statements.
	In July 2011, the FASB issued guidance specifying that the liability for the fees paid to the Federal Government by health insurers as a result of recent healthcare reform legislation should be estimated and recorded in full once the entity provides qualifying health insurance in the applicable calendar year in which the fee is payable with a corresponding deferred cost that is amortized to expense using a straight-line method of allocation unless another method better allocates the fee over the calendar year that it is payable. The amendments in this Update are effective for calendar years beginning after December 31, 2013, when the fee initially becomes effective. Management has not yet determined the impact that the adoption of this guidance will have on the Company’s consolidated financial statements.

Note_1_Significant_Accounting_3

Note 1. Significant Accounting Policies and Practices: Reclassifications (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Reclassifications	'
	(D)       Reclassifications
	Certain amounts in prior year’s Condensed Consolidated Financial Statements and Notes thereto have been reclassified to conform to the 2013 presentation.

Note_3_Income_Per_Common_Share1

Note 3. Income Per Common Share: Earnings Per Share, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Earnings Per Share, Policy	'
	Diluted income per share, computed using the treasury stock method, include incremental shares from; (i) the assumed exercise of dilutive stock options; (ii) the assumed vesting of dilutive restricted stock; and (iii) assumed share settlement of dilutive stock appreciation rights (“SARs”)

Note_6_Fair_Value_Disclosures_

Note 6. Fair Value Disclosures: Fair Value of Financial Instruments, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Fair Value of Financial Instruments, Policy	'
	For all financial and non-financial assets and liabilities accounted for at fair value on a recurring basis, the Company utilizes valuation techniques based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market expectations. These two types of inputs create the following fair value hierarchy:
	Level 1 - Quoted prices for identical instruments in active markets.
	Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
	Level 3 - Instruments where significant value drivers are unobservable.
	The following section describes the valuation methodologies we use to measure different assets at fair value.
	Investments in fixed maturities and equity securities:
	Available-for-sale securities included in Level 1 are equities with quoted market prices. Level 2 is primarily comprised of our portfolio of government securities, agency mortgage-backed securities, corporate fixed income securities, collateralized mortgage obligations, municipals, GSEs and certain preferred stocks that were priced with observable market inputs. Level 3 securities consist primarily of CMO securities backed by Alt-A mortgages.  For these securities, we use industry-standard pricing methodologies, including discounted cash flow models, whose inputs are based on management’s assumptions and available market information. Significant unobservable inputs used in the fair value measurement of CMO’s are prepayment rates, probability of default, and loss severity in the event of default. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for loss severity and a directionally opposite change in the assumption used for prepayment rates. Further we retain independent pricing vendors to assist in valuing certain instruments.
	Trading securities:
	Trading securities included in Level 1 are equity securities with quoted market prices.
	Interest rate swap:
	The financial liability included in Level 2 consists of an interest rate swap on IHC debt.  It is valued using market observable inputs including market price, interest rate, and volatility within a Black Scholes model.

Note_6_Fair_Value_Disclosures_1

Note 6. Fair Value Disclosures: Fair Value Transfer, Policy (Policies)	9 Months Ended
	Sep. 30, 2013
Policies	'
Fair Value Transfer, Policy	'
	It is the Company’s policy to recognize transfers of assets and liabilities between levels of the fair value hierarchy at the end of a reporting period.

Note_4_Investment_Securities_S

Note 4. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Available-for-sale Securities Reconciliation	'
			September 30, 2013
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	216,279	$	1,895	$	-6,513	$	211,661
	CMOs - residential (1)		3,338		714		-		4,052
	CMOs - commercial		975		-		-403		572
	U.S. Government obligations		19,298		332		-71		19,559
	Agency MBS - residential (2)		99		6		-		105
	GSEs (3)		31,572		132		-299		31,405
	States and political subdivisions		249,622		2,825		-5,699		246,748
	Foreign governments		30,574		24		-1,810		28,788
	Redeemable preferred stocks		4,036		73		-292		3,817
	Total fixed maturities	$	555,793	$	6,001	$	-15,087	$	546,707
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Nonredeemable preferred stocks	$	5,504	$	112	$	-11	$	5,605
	Total equity securities	$	5,504	$	112	$	-11	$	5,605
			December 31, 2012
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	343,529	$	11,247	$	-953	$	353,823
	CMOs - residential (1)		12,993		7,166		-65		20,094
	CMOs - commercial		975		-		-405		570
	U.S. Government obligations		18,376		492		-2		18,866
	Agency MBS - residential (2)		397		31		-		428
	GSEs (3)		48,598		1,075		-67		49,606
	States and political subdivisions		260,086		9,134		-995		268,225
	Redeemable preferred stocks		6,323		1,667		-		7,990
	Total fixed maturities	$	691,277	$	30,812	$	-2,487	$	719,602
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Nonredeemable preferred stocks	$	15,355	$	253	$	-10	$	15,598
	Total equity securities	$	15,355	$	253	$	-10	$	15,598
	(1)         Collateralized mortgage obligations (“CMOs”).
	(2)         Mortgage-backed securities (“MBS”).
	(3)         Government-sponsored enterprises (“GSEs”) are private enterprises established and chartered by the Federal Government or its various insurance and lease programs which carry the full faith and credit obligation of the U.S. Government.

Note_4_Investment_Securities_I

Note 4. Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Investments Classified by Contractual Maturity Date	'
			AMORTIZED		FAIR
			COST		VALUE
	Due in one year or less	$	2,350	$	2,635
	Due after one year through five years		54,528		55,024
	Due after five years through ten years		183,314		178,605
	Due after ten years		279,616		274,308
	CMOs and MBSs		35,985		36,135
		$	555,793	$	546,707

Note_4_Investment_Securities_A

Note 4. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	'
			30-Sep-13
			Less than 12 Months				12 Months or Longer				Total
			Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
			Value		Losses		Value		Losses		Value		Losses
	Corporate securities	$	142,526	$	6,169	$	4,684	$	344	$	147,210	$	6,513
	CMOs - commercial		-		-		572		403		572		403
	U.S. Government obligations		4,127		71		-		-		4,127		71
	GSEs		3,574		91		5,482		208		9,056		299
	States and political subdivisions		139,702		4,801		22,687		898		162,389		5,699
	Foreign governments		26,215		1,684		1,327		126		27,542		1,810
	Redeemable preferred stocks		3,471		292		-		-		3,471		292
	Total fixed maturities		319,615		13,108		34,752		1,979		354,367		15,087
	Nonredeemable preferred stocks		1,238		11		-		-		1,238		11
	Total temporarily impaired
	securities	$	320,853	$	13,119	$	34,752	$	1,979	$	355,605	$	15,098
	Number of securities in an
	unrealized loss position		109				16				125
			31-Dec-12
			Less than 12 Months				12 Months or Longer				Total
			Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
			Value		Losses		Value		Losses		Value		Losses
	Corporate securities	$	61,386	$	953	$	-	$	-	$	61,386	$	953
	CMOs - residential		2,416		21		1,138		44		3,554		65
	CMOs - commercial		-		-		570		405		570		405
	U.S. Government obligations		5,667		2		-		-		5,667		2
	GSEs		6,162		40		2,784		27		8,946		67
	States and political subdivisions		53,036		657		17,707		338		70,743		995
	Total fixed maturities		128,667		1,673		22,199		814		150,866		2,487
	Nonredeemable preferred stocks		1,378		10		-		-		1,378		10
	Total temporarily impaired
	securities	$	130,045	$	1,683	$	22,199	$	814	$	152,244	$	2,497
	Number of securities in an
	unrealized loss position		45				23				68

Note_4_Investment_Securities_R

Note 4. Investment Securities: Realized Gain (Loss) on Investments (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Realized Gain (Loss) on Investments	'
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Sales of available-for-sale securities:
	Fixed maturities	$	2,045	$	1,282	$	18,321	$	4,625
	Preferred stocks		-		(76)		177		(567)
	Total sales of available-for-sale securities		2,045		1,206		18,498		4,058
	Sales of trading securities		744		184		1,129		289
	Other gains (losses)		(199)		-		(853)		-
	Total realized gains (losses)		2,590		1,390		18,774		4,347
	Unrealized gains (losses) on trading securities:
	Available-for-sale securities transferred
	to trading category		-		-		-		138
	Change in unrealized gains (losses) on trading securities		(173)		65		(3)		(43)
	Total unrealized gains (losses)  on trading securities		(173)		65		(3)		95
	Loss on other investment		-		(444)		-		(444)
	Net realized investment gains (losses)	$	2,417	$	1,011	$	18,771	$	3,998

Note_4_Investment_Securities_O

Note 4. Investment Securities: Other-Than-Temporary Impairments, Table Text Block (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Other-Than-Temporary Impairments, Table Text Block	'
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Total other-than-temporary impairment losses	$	-	$	-	$	-	$	992
	Portion of losses recognized in other comprehensive
	income (loss)		-		-		-		(288)
	Net impairment losses recognized in earnings	$	-	$	-	$	-	$	704

Note_4_Investment_Securities_O1

Note 4. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings	'
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Balance at beginning of year	$	563	$	2,600	$	1,976	$	2,555
	Credit losses during the period for which an other-
	than-temporary loss was not previously recognized		-		-		-		473
	Additional credit losses for which an other-than-
	temporary loss was previously recognized		-		-		-		148
	Securities sold		-		-624		-1,413		-1,200
	Balance at end of period	$	563	$	1,976	$	563	$	1,976

Note_6_Fair_Value_Disclosures_2

Note 6. Fair Value Disclosures: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
			30-Sep-13
			Level 1		Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-	$	211,661	$	-	$	211,661
	CMOs - residential		-		2,503		1,549		4,052
	CMOs - commercial		-		-		572		572
	US Government obligations		-		19,559		-		19,559
	Agency MBS - residential		-		105		-		105
	GSEs		-		31,405		-		31,405
	States and political subdivisions		-		244,275		2,473		246,748
	Foreign governments		-		28,788		-		28,788
	Redeemable preferred stocks		3,817		-		-		3,817
	Total fixed maturities		3,817		538,296		4,594		546,707
	Equity securities available-for-sale:
	Nonredeemable preferred stocks		5,605		-		-		5,605
	Total equity securities		5,605		-		-		5,605
	Trading securities - equities		6,394		-		-		6,394
	Total trading securities		6,394		-		-		6,394
	Total Financial Assets	$	15,816	$	538,296	$	4,594	$	558,706
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-	$	221	$	-	$	221
			31-Dec-12
			Level 1		Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-	$	353,823	$	-	$	353,823
	CMOs - residential		-		6,041		14,053		20,094
	CMOs - commercial		-		-		570		570
	US Government obligations		-		18,866		-		18,866
	Agency MBS - residential		-		428		-		428
	GSEs		-		49,606		-		49,606
	States and political subdivisions		-		265,667		2,558		268,225
	Redeemable preferred stocks		7,990		-		-		7,990
	Total fixed maturities		7,990		694,431		17,181		719,602
	Equity securities available-for-sale:
	Nonredeemable preferred stocks		15,598		-		-		15,598
	Total equity securities		15,598		-		-		15,598
	Trading securities - equities		7,016		-		-		7,016
	Total trading securities		7,016		-		-		7,016
	Total Financial Assets	$	30,604	$	694,431	$	17,181	$	742,216
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-	$	363	$	-	$	363

Note_6_Fair_Value_Disclosures_3

Note 6. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	'
			Three Months Ended September 30, 2013
			CMOs				States and
							Political
			Residential		Commercial		Subdivisions		Total
	Beginning balance	$	4,370	$	571	$	2,501	$	7,442
	Gains (losses) included in earnings:
	Net realized investment gains		1,882		-		-		1,882
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		(2,140)		1		(18)		(2,157)
	Sales of securities		(2,343)		-		-		(2,343)
	Repayments and amortization of fixed maturities		(220)		-		(10)		(230)
	Balance at end of period	$	1,549	$	572	$	2,473	$	4,594
			Three Months Ended September 30, 2012
			CMOs				States and
							Political
			Residential		Commercial		Subdivisions		Total
	Beginning balance	$	12,969	$	551	$	2,614	$	16,134
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		1,906		9		(30)		1,885
	Repayments and amortization of fixed maturities		(733)		-		3		(730)
	Balance at end of period	$	14,142	$	560	$	2,587	$	17,289
			Nine Months Ended September 30, 2013
			CMOs				States and
							Political
			Residential		Commercial		Subdivisions		Total
	Beginning balance	$	14,053	$	570	$	2,558	$	17,181
	Gains (losses) included in earnings:
	Net realized investment gains		6,517		-		-		6,517
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		(6,389)		2		(60)		(6,447)
	Sales of securities		(11,663)		-		-		(11,663)
	Repayments and amortization of fixed maturities		(969)		-		(25)		(994)
	Balance at end of period	$	1,549	$	572	$	2,473	$	4,594
			Nine Months Ended September 30, 2012
			CMOs				States and
							Political
			Residential		Commercial		Subdivisions		Total
	Beginning balance	$	22,127	$	538	$	-	$	22,665
	Purchases of securities		-		-		2,135		2,135
	Gains(losses) included in earnings:
	Net realized investment losses		(1,212)		-		-		(1,212)
	Other-than-temporary impairments		(231)		(473)		-		(704)
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		2,976		495		424		3,895
	Sales of securities		(7,087)		-		-		(7,087)
	Repayments and amortization of fixed maturities		(2,431)		-		28		(2,403)
	Balance at end of period	$	14,142	$	560	$	2,587	$	17,289

Note_6_Fair_Value_Disclosures_4

Note 6. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Fair Value, by Balance Sheet Grouping	'
			30-Sep-13				31-Dec-12
			Level 2				Level 2
			Fair		Carrying		Fair		Carrying
			Value		Value		Value		Value
	FINANCIAL ASSETS:
	Policy loans	$	14,462	$	11,182	$	28,748	$	22,165
	FINANCIAL LIABILITIES:
	Funds on deposit	$	277,327	$	276,379	$	279,125	$	278,084
	Debt and junior subordinated
	debt securities	$	44,146	$	44,146	$	46,146	$	46,146

Note_7_Goodwill_and_Other_Inta1

Note 7. Goodwill and Other Intangible Assets: Schedule of Intangible Assets and Goodwill (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Intangible Assets and Goodwill	'
					Other Intangible Assets
									Total
									Other
					Definitive		Indefinite		Intangible
			Goodwill		Lives		Lives		Assets
	Balance at December 31, 2012	$	50,318	$	10,294	$	7,977	$	18,271
	Medical Stop-Loss:
	Broker relationships		-		-183		-		-183
	Amortization expense		-		-2,443		-		-2,443
	Balance at September 30, 2013	$	50,318	$	7,668	$	7,977	$	15,645

Note_8_Sharebased_Compensation1

Note 8. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	9 Months Ended
	Sep. 30, 2013
Independence Holding Company Share Based Plans Total Member	'
Tables/Schedules	'
Schedule of Share-based Compensation, Stock Options, Activity	'
		Shares	Weighted- Average
		Under Option	Exercise Price
	31-Dec-12	693,836	$	9.36
	Exercised	-44,000	9.09
	Forfeited	-27,500	9.99
	Expired	-2,178	10.47
	30-Sep-13	620,158	$	9.35
American Independence Corp Share Based Plans Total Member	'
Tables/Schedules	'
Schedule of Share-based Compensation, Stock Options, Activity	'
		Shares	Weighted- Average
		Under Option	Exercise Price
	31-Dec-12	227,285	$	11.4
	Granted	13,334		7.01
	Expired	-18,334		7.5
	30-Sep-13	222,285	$	11.46

Note_8_Sharebased_Compensation2

Note 8. Share-based Compensation: Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable (Tables)	9 Months Ended
	Sep. 30, 2013
Independence Holding Company Share Based Plans Total Member	'
Tables/Schedules	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable	'
			Outstanding		Exercisable
	Number of options		620,158		455,158
	Weighted average exercise price per share	$	9.35	$	9.12
	Aggregate intrinsic value for all options (in thousands)	$	3,058	$	2,351
	Weighted average contractual term remaining		2.1 years		1.2 years
American Independence Corp Share Based Plans Total Member	'
Tables/Schedules	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable	'
			Outstanding		Exercisable
	Number of options		222,285		203,395
	Weighted average exercise price per share	$	11.46	$	11.91
	Aggregate intrinsic value for all options (in thousands)	$	236	$	173
	Weighted average contractual term remaining		3.02 years		2.46 years

Note_8_Sharebased_Compensation3

Note 8. Share-based Compensation: Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Tables) (Independence Holding Company Share Based Plans Total Member)	9 Months Ended
	Sep. 30, 2013
Independence Holding Company Share Based Plans Total Member	'
Tables/Schedules	'
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	'
		No. of	Weighted-Average
		Non-vested	Grant-Date
		Shares	Fair Value
	31-Dec-12	13,200	$	9.37
	Granted	7,425		11.66
	Vested	(5,775)		9.15
	30-Sep-13	14,850	$	10.6

Note_8_Sharebased_Compensation4

Note 8. Share-based Compensation: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables) (American Independence Corp Share Based Plans Total Member)	9 Months Ended
	Sep. 30, 2013
American Independence Corp Share Based Plans Total Member	'
Tables/Schedules	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	'
		30-Sep
		2013
	Weighted-average risk-free interest rate	2.30%
	Annual dividend rate per share	-
	Weighted-average volatility factor of the Company's common stock	45.00%
	Weighted-average expected term of options	5 years

Note_14_Other_Comprehensive_In1

Note 14. Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Accumulated Other Comprehensive Income (Loss)	'
			Three Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	(3,268)	$	(191)	$	(3,459)
	Other comprehensive income (loss) before reclassifications		(1,364)		58		(1,306)
	Amounts reclassified from accumulated OCI		(1,151)		-		(1,151)
	Net other comprehensive income (loss)		(2,515)		58		(2,457)
	Less other comprehensive loss attributable
	to noncontrolling interests		(6)		-		(6)
	Ending balance	$	(5,789)	$	(133)	$	(5,922)
			Three Months Ended September 30, 2012
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	12,754	$	(302)	$	12,452
	Other comprehensive income (loss) before reclassifications		5,017		76		5,093
	Amounts reclassified from accumulated OCI		(775)		-		(775)
	Net other comprehensive income (loss)		4,242		76		4,318
	Less other comprehensive loss attributable
	to noncontrolling interests		(137)		-		(137)
	Acquired from noncontrolling interests		-		-		-
	Ending balance	$	16,859	$	(226)	$	16,633
			Nine Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	15,231	$	(218)	$	15,013
	Other comprehensive income (loss) before reclassifications		(9,908)		85		(9,823)
	Amounts reclassified from accumulated OCI		(11,698)		-		(11,698)
	Net other comprehensive income (loss)		(21,606)		85		(21,521)
	Less other comprehensive loss attributable
	to noncontrolling interests		550		-		550
	Acquired from noncontrolling interests		36		-		36
	Ending balance	$	(5,789)	$	(133)	$	(5,922)
			Nine Months Ended September 30, 2012
			Unrealized
			Gains (Losses) on
			Available-for-Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	8,150	$	(297)	$	7,853
	Other comprehensive income (loss) before reclassifications		11,190		71		11,261
	Amounts reclassified from accumulated OCI		(2,254)		-		(2,254)
	Net other comprehensive income (loss)		8,936		71		9,007
	Less other comprehensive loss attributable
	to noncontrolling interests		(230)		-		(230)
	Acquired from noncontrolling interests		3		-		3
	Ending balance	$	16,859	$	(226)	$	16,633

Note_14_Other_Comprehensive_In2

Note 14. Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Reclassification out of Accumulated Other Comprehensive Income	'
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Unrealized gains (losses) on available-for-sale securities
	reclassified during the period to the following income
	statement line items:
	Net realized investment gains	$	1,846	$	1,205	$	17,647	$	4,195
	Net impairment losses recognized in earnings		-		-		-		(704)
	Income from operations before income tax		1,846		1,205		17,647		3,491
	Tax effect		695		430		5,949		1,237
	Net income	$	1,151	$	775	$	11,698	$	2,254

Note_15_Segment_Reporting_Sche

Note 15. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Tables)	9 Months Ended
	Sep. 30, 2013
Tables/Schedules	'
Schedule of Segment Reporting Information, by Segment	'
				Three Months Ended				Nine Months Ended
				September 30,				September 30,
				2013		2012		2013		2012
	Revenues:
	Medical Stop-Loss		$	42,043	$	38,286	$	127,833	$	107,844
	Fully  Insured Health			71,778		45,357		203,896		124,033
	Group disability, life, annuities and DBL			15,842		13,160		46,685		38,901
	Individual life, annuities and other			9,542		13,666		34,162		40,517
	Corporate			22		22		79		512
				139,227		110,491		412,655		311,807
	Net realized investment gains			2,417		1,011		18,771		3,998
	Other-than-temporary impairment losses			-		-		-		(704)
	Total revenues		$	141,644	$	111,502	$	431,426	$	315,101
	Income from operations
		before income taxes:
	Medical Stop-Loss		$	3,404	$	2,853	$	9,836	$	12,787
	Fully Insured Health(A)			615		1,461		474		4,619
	Group disability, life, annuities and DBL			2,555		3,590		6,530		4,292
	Individual life, annuities and other(B)			(40)		852		(9,207)		1,050
	Corporate			(2,485)		(2,677)		(5,022)		(5,781)
				4,049		6,079		2,611		16,967
	Net realized investment gains			2,417		1,011		18,771		3,998
	Other-than-temporary impairment losses			-		-		-		(704)
	Interest expense			(470)		(509)		(1,447)		(1,588)
	Income from operations before
	income taxes		$	5,996	$	6,581	$	19,935	$	18,673

Note_1_Significant_Accounting_4

Note 1. Significant Accounting Policies and Practices (Details)	Sep. 30, 2013
GeneveAffiliatedEntityMember	'
EntityCommonStockOutstandingOwnershipPercent	51.60%
AMICSubsidiariesMember	'
Noncontrolling Interest, Ownership Percentage by Parent	80.60%

Note_2_American_Independence_C1

Note 2. American Independence Corp. (Details) (USD $)	9 Months Ended	1 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Oct. 31, 2013	Jan. 31, 2013
		AMICSubsidiariesMember	AMICSubsidiariesMember
Acquire noncontrolling interests	$1,199	'	$1,638
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Repurchase of Shares by Subsidiary	'	'	$403
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	'	90.00%	80.60%
Subsequent Event, Description	'In October 2013, IHC purchased 762,640 shares of AMIC common stock in connection with a tender offer for such shares and, as a result, IHC and its subsidiaries further increased its ownership of AMIC to 90.0%.	'	'
Noncontrolling Interest Shares Purchased Sold	'	762,640	'

Note_3_Income_Per_Common_Share2

Note 3. Income Per Common Share (Details)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Details	'	'	'	'
Incremental Common Shares Attributable to Share-based Payment Arrangements	52	71	106	85

Note_4_Investment_Securities_S1

Note 4. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Available For Sale Debt Securities Amortized Cost Basis	$555,793	$691,277
Available-for-sale Debt Securities Gross Unrealized Gain	6,001	30,812
Available-for-sale Debt Securities, Gross Unrealized Loss	-15,087	-2,487
Fixed maturities, available-for-sale	546,707	719,602
Available For Sale Equity Securities Amortized Cost Basis	5,504	15,355
Available-for-sale Equity Securities, Gross Unrealized Gain	112	253
Available-for-sale Equity Securities, Gross Unrealized Loss	-11	-10
Equity securities, available-for-sale	5,605	15,598
Domestic Corporate Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	216,279	343,529
Available-for-sale Debt Securities Gross Unrealized Gain	1,895	11,247
Available-for-sale Debt Securities, Gross Unrealized Loss	-6,513	-953
Fixed maturities, available-for-sale	211,661	353,823
Residential Mortgage Backed Securities Member	'	'
Available For Sale Debt Securities Amortized Cost Basis	3,338	12,993
Available-for-sale Debt Securities Gross Unrealized Gain	714	7,166
Available-for-sale Debt Securities, Gross Unrealized Loss	'	-65
Fixed maturities, available-for-sale	4,052	20,094
Commercial Mortgage Backed Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	975	975
Available-for-sale Debt Securities, Gross Unrealized Loss	-403	-405
Fixed maturities, available-for-sale	572	570
US Treasury Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	19,298	18,376
Available-for-sale Debt Securities Gross Unrealized Gain	332	492
Available-for-sale Debt Securities, Gross Unrealized Loss	-71	-2
Fixed maturities, available-for-sale	19,559	18,866
US Government Agencies Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	99	397
Available-for-sale Debt Securities Gross Unrealized Gain	6	31
Fixed maturities, available-for-sale	105	428
US Government-sponsored Enterprises Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	31,572	48,598
Available-for-sale Debt Securities Gross Unrealized Gain	132	1,075
Available-for-sale Debt Securities, Gross Unrealized Loss	-299	-67
Fixed maturities, available-for-sale	31,405	49,606
US States and Political Subdivisions Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	249,622	260,086
Available-for-sale Debt Securities Gross Unrealized Gain	2,825	9,134
Available-for-sale Debt Securities, Gross Unrealized Loss	-5,699	-995
Fixed maturities, available-for-sale	246,748	268,225
Foreign Government Debt	'	'
Available For Sale Debt Securities Amortized Cost Basis	30,574	'
Available-for-sale Debt Securities Gross Unrealized Gain	24	'
Available-for-sale Debt Securities, Gross Unrealized Loss	-1,810	'
Fixed maturities, available-for-sale	28,788	'
Redeemable Preferred Stock	'	'
Available For Sale Debt Securities Amortized Cost Basis	4,036	6,323
Available-for-sale Debt Securities Gross Unrealized Gain	73	1,667
Available-for-sale Debt Securities, Gross Unrealized Loss	-292	'
Fixed maturities, available-for-sale	3,817	7,990
Nonredeemable Preferred Stock	'	'
Available For Sale Equity Securities Amortized Cost Basis	5,504	15,355
Available-for-sale Equity Securities, Gross Unrealized Gain	112	253
Available-for-sale Equity Securities, Gross Unrealized Loss	-11	-10
Equity securities, available-for-sale	$5,605	$15,598

Note_4_Investment_Securities_I1

Note 4. Investment Securities: Investments Classified by Contractual Maturity Date (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Details	'	'
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis	$2,350	'
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value	2,635	'
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Amortized Cost Basis	54,528	'
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Fair Value	55,024	'
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Amortized Cost Basis	183,314	'
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Fair Value	178,605	'
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Amortized Cost Basis	279,616	'
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Fair Value	274,308	'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	35,985	'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	36,135	'
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	555,793	'
Fixed maturities, available-for-sale	$546,707	$719,602

Note_4_Investment_Securities_A1

Note 4. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block] (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	$320,853	$130,045
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	13,119	1,683
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	34,752	22,199
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	1,979	814
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	355,605	152,244
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	15,098	2,497
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	109	45
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	16	23
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	125	68
Domestic Corporate Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	142,526	61,386
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	6,169	953
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	4,684	'
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	344	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	147,210	61,386
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	6,513	953
Commercial Mortgage Backed Securities	'	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	572	570
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	403	405
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	572	570
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	403	405
US Treasury Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	4,127	5,667
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	71	2
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	4,127	5,667
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	71	2
US Government-sponsored Enterprises Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,574	6,162
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	91	40
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5,482	2,784
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	208	27
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	9,056	8,946
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	299	67
US States and Political Subdivisions Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	139,702	53,036
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	4,801	657
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	22,687	17,707
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	898	338
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	162,389	70,743
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	5,699	995
Foreign Government Debt	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	26,215	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	1,684	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,327	'
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	126	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	27,542	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	1,810	'
Redeemable Preferred Stock	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,471	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	292	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,471	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	292	'
Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	319,615	128,667
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	13,108	1,673
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	34,752	22,199
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	1,979	814
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	354,367	150,866
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	15,087	2,487
Nonredeemable Preferred Stock	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	1,238	1,378
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	11	10
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,238	1,378
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	11	10
Residential Mortgage Backed Securities Member	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	'	2,416
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	'	21
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	'	1,138
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	'	44
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	'	3,554
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	'	$65

Note_4_Investment_Securities_R1

Note 4. Investment Securities: Realized Gain (Loss) on Investments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	$2,045	$1,206	$18,498	$4,058
Trading Securities, Realized Gain (Loss)	744	184	1,129	289
Other Realized Gain (Loss) Excluding Other Than Temporary Impairments	-199	'	-853	'
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	2,590	1,390	18,774	4,347
Available for sale Securities Transfers To Trading Gains Losses Excluding Other Than Temporary Impairments	'	'	'	138
Trading Securities, Change in Unrealized Holding Gain (Loss)	-173	65	-3	-43
Marketable Securities, Unrealized Gain (Loss), Excluding Other than Temporary Impairments	-173	65	-3	95
Gain (Loss) on Sale of Other Investments	'	-444	'	-444
Net realized investment gains	2,417	1,011	18,771	3,998
Debt Securities	'	'	'	'
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	2,045	1,282	18,321	4,625
Preferred Stock	'	'	'	'
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	'	($76)	$177	($567)

Note_4_Investment_Securities_D

Note 4. Investment Securities (Details) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jan. 31, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012
						Collateralized Mortgage Backed Securities	Collateralized Mortgage Backed Securities	Redeemable Preferred Stock	Redeemable Preferred Stock
Available-for-sale Securities, Gross Realized Gains	'	$2,324	$2,170	$21,060	$8,259	'	'	'	'
Available for sale Securities Gross Realized Losses Excluding Other Than Temporary Impairments	'	279	964	2,562	4,201	'	'	'	'
Available For Sale Securities Transfers To Trading Gross Gains	287	'	'	'	'	'	'	'	'
Available For Sale Securities Transfers To Trading Gross Losses	149	'	'	'	'	'	'	'	'
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	'	'	'	'	'	$345	$389	$0	$684

Note_4_Investment_Securities_O2

Note 4. Investment Securities: Other-Than-Temporary Impairments, Table Text Block (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2012
Details	'
Total other-than-temporary impairment losses	$992
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, before Tax, Including Portion Attributable to Noncontrolling Interest	-288
Net impairment losses recognized in earnings	$704

Note_4_Investment_Securities_O3

Note 4. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013
Details	'	'	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$2,600	$1,976	$2,555	$563
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, No Previous Impairment	'	'	473	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses	'	'	148	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	-624	-1,413	-1,200	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$1,976	$563	$1,976	$563

Note_5_Cash_Flow_Hedge_Details

Note 5. Cash Flow Hedge (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Notes Payable to Banks	'	'
Long Term Debt Percentage Bearing Fixed Interest Rate	4.95%	4.95%
Interest Rate Swap	'	'
Derivative Liability Notional Amount	6,000	8,000
Derivative Fixed Interest Rate	1.60%	1.60%
Derivative Liability, Fair Value, Gross Liability	221	363
Interest Rate Swap | Accounts Payable and Accrued Liabilities	'	'
Derivative Liability, Fair Value, Gross Liability	221	363

Note_6_Fair_Value_Disclosures_5

Note 6. Fair Value Disclosures: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Fixed maturities, available-for-sale	$546,707	$719,602
Equity securities, available-for-sale	5,605	15,598
Trading securities	6,394	7,016
Assets, Fair Value Disclosure	558,706	742,216
Interest Rate Swap	'	'
Derivative Liability, Fair Value, Gross Liability	221	363
Domestic Corporate Debt Securities	'	'
Fixed maturities, available-for-sale	211,661	353,823
Residential Mortgage Backed Securities Member	'	'
Fixed maturities, available-for-sale	4,052	20,094
Commercial Mortgage Backed Securities	'	'
Fixed maturities, available-for-sale	572	570
US Treasury Securities	'	'
Fixed maturities, available-for-sale	19,559	18,866
US Government Agencies Debt Securities	'	'
Fixed maturities, available-for-sale	105	428
US Government-sponsored Enterprises Debt Securities	'	'
Fixed maturities, available-for-sale	31,405	49,606
US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	246,748	268,225
Foreign Government Debt	'	'
Fixed maturities, available-for-sale	28,788	'
Redeemable Preferred Stock	'	'
Fixed maturities, available-for-sale	3,817	7,990
Nonredeemable Preferred Stock	'	'
Equity securities, available-for-sale	5,605	15,598
Equity Securities	'	'
Trading Securities, Equity	6,394	7,016
Fair Value, Inputs, Level 1	'	'
Fixed maturities, available-for-sale	3,817	7,990
Equity securities, available-for-sale	5,605	15,598
Trading securities	6,394	7,016
Assets, Fair Value Disclosure	15,816	30,604
Fair Value, Inputs, Level 1 | Redeemable Preferred Stock	'	'
Fixed maturities, available-for-sale	3,817	7,990
Fair Value, Inputs, Level 1 | Nonredeemable Preferred Stock	'	'
Equity securities, available-for-sale	5,605	15,598
Fair Value, Inputs, Level 1 | Equity Securities	'	'
Trading Securities, Equity	6,394	7,016
Fair Value, Inputs, Level 2	'	'
Fixed maturities, available-for-sale	538,296	694,431
Assets, Fair Value Disclosure	538,296	694,431
Fair Value, Inputs, Level 2 | Interest Rate Swap	'	'
Derivative Liability, Fair Value, Gross Liability	221	363
Fair Value, Inputs, Level 2 | Domestic Corporate Debt Securities	'	'
Fixed maturities, available-for-sale	211,661	353,823
Fair Value, Inputs, Level 2 | Residential Mortgage Backed Securities Member	'	'
Fixed maturities, available-for-sale	2,503	6,041
Fair Value, Inputs, Level 2 | US Treasury Securities	'	'
Fixed maturities, available-for-sale	19,559	18,866
Fair Value, Inputs, Level 2 | US Government Agencies Debt Securities	'	'
Fixed maturities, available-for-sale	105	428
Fair Value, Inputs, Level 2 | US Government-sponsored Enterprises Debt Securities	'	'
Fixed maturities, available-for-sale	31,405	49,606
Fair Value, Inputs, Level 2 | US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	244,275	265,667
Fair Value, Inputs, Level 2 | Foreign Government Debt	'	'
Fixed maturities, available-for-sale	28,788	'
Fair Value, Inputs, Level 3	'	'
Fixed maturities, available-for-sale	4,594	17,181
Assets, Fair Value Disclosure	4,594	17,181
Fair Value, Inputs, Level 3 | Residential Mortgage Backed Securities Member	'	'
Fixed maturities, available-for-sale	1,549	14,053
Fair Value, Inputs, Level 3 | Commercial Mortgage Backed Securities	'	'
Fixed maturities, available-for-sale	572	570
Fair Value, Inputs, Level 3 | US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	$2,473	$2,558

Note_6_Fair_Value_Disclosures_6

Note 6. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$7,442	$16,134	$17,181	$22,665
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-2,157	1,885	-6,447	3,895
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	-2,343	'	-11,663	-7,087
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	-230	-730	-994	-2,403
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	4,594	17,289	4,594	17,289
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	'	'	'	2,135
Net realized investment gains	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	1,882	'	6,517	-1,212
Net impairment losses recognized in earnings	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	'	'	'	-704
Residential Mortgage Backed Securities Member	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	4,370	12,969	14,053	22,127
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-2,140	1,906	-6,389	2,976
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	-2,343	'	-11,663	-7,087
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	-220	-733	-969	-2,431
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,549	14,142	1,549	14,142
Residential Mortgage Backed Securities Member | Net realized investment gains	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	1,882	'	6,517	-1,212
Residential Mortgage Backed Securities Member | Net impairment losses recognized in earnings	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	'	'	'	-231
Commercial Mortgage Backed Securities	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	571	551	570	538
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	1	9	2	495
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	572	560	572	560
Commercial Mortgage Backed Securities | Net impairment losses recognized in earnings	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	'	'	'	-473
US States and Political Subdivisions Debt Securities	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,501	2,614	2,558	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-18	-30	-60	424
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	-10	3	-25	28
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,473	2,587	2,473	2,587
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases	'	'	'	$2,135

Note_6_Fair_Value_Disclosures_7

Note 6. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Funds on deposit	$276,379	$278,084
Estimate of Fair Value, Fair Value Disclosure | Fair Value, Inputs, Level 2	'	'
Policy Loans Receivable	14,462	28,748
Funds on deposit	277,327	279,125
Long-term Debt	44,146	46,146
Carrying (Reported) Amount, Fair Value Disclosure	'	'
Policy Loans Receivable	11,182	22,165
Funds on deposit	276,379	278,084
Long-term Debt	$44,146	$46,146

Note_7_Goodwill_and_Other_Inta2

Note 7. Goodwill and Other Intangible Assets: Schedule of Intangible Assets and Goodwill (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Goodwill	$50,318	$50,318
Finite-Lived Intangible Assets, Net	7,668	10,294
Indefinite-Lived Intangible Assets (Excluding Goodwill)	7,977	7,977
Intangible Assets, Net (Excluding Goodwill)	15,645	18,271
Amortization Of Intangible Assets	-2,443	'
Medical Stop-Loss Segment Member | Customer Relationships	'	'
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Asset	($183)	'

Note_8_Sharebased_Compensation5

Note 8. Share-based Compensation (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Dec. 31, 2012

Mar. 31, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

Independence Holding Company Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

American Independence Corp Share Based Plans Total Member

Employee Stock Option

Employee Stock Option

Employee Stock Option

Employee Stock Option

Restricted Stock

Restricted Stock

Restricted Stock

Restricted Stock

Stock Appreciation Rights (SARs)

Stock Appreciation Rights (SARs)

Stock Appreciation Rights (SARs)

Stock Appreciation Rights (SARs)

Stock Appreciation Rights (SARs)

Stock Appreciation Rights (SARs)

Stock Appreciation Rights (SARs)

Modified Stock Options

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Performance Shares

Minimum

Maximum

Employee Stock Option

Employee Stock Option

Employee Stock Option

Employee Stock Option

Restricted Stock

Minimum

Maximum

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

Accounts Payable and Accrued Liabilities

Employee Stock Option

Employee Stock Option

Share-based compensation expense, Value

$436

$153

$926

$770

'

$53

$56

$143

$177

$19

$13

$47

$31

$363

$60

$741

$511

'

'

'

'

$0

$24

($5)

$51

'

'

'

'

$13

$8

$30

$24

'

$13

$8

$30

$24

'

'

'

Employee Service Share Based Compensation Tax Benefit From Compensation Expense

174

61

369

307

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'

'

'

'

'

'

'

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'

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'

'

'

'

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'

4

3

10

9

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award

'Under the terms of IHC’s stock-based compensation plans, option exercise prices are more than or equal to the quoted market price of the shares at the date of grant; option terms range from five to ten years; and vesting periods are three years for employee options. The Company may also grant shares of restricted stock, share appreciation rights (“SARs”) and share-based performance awards. Restricted shares are valued at the quoted market price of the shares at the date of grant and have a three-year vesting period. Exercise prices of SARs are more than or equal to the quoted market price of IHC shares at the date of the grant and have three year vesting periods.

'

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'

'Under the terms of the AMIC’s stock-based compensation plan, option exercise prices are equal to the quoted market price of the shares at the date of grant; option terms are ten years; and vesting periods range from three to four years. AMIC may also grant shares of restricted stock, stock appreciation rights and share-based performance awards. Restricted shares are valued at the quoted market price of the shares at the date of grant, and have a three-year vesting period.

'

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Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period

'

'

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'

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'5 years

'10 years

'10 years

'

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'

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'

'

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

'

'

'

'

'

'3 years

'

'

'

'3 years

'

'

'

'3 years

'

'

'

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'

'

'2 years

'

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'

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'

'

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'

'

'3 years

'3 years

'4 years

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

380,970

'

380,970

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'

'

'

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Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value

'

'

228

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'

'

'

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Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Description and Terms

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'

'

'In March 2013, 192,500 share options held by 5 employees were modified to extend the expiration term 5 years. The incremental cost of the modified awards was $618,000, which will be recognized over a new 2-year vesting period starting from the date of the modification.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number

620,158

'

620,158

'

693,836

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

192,500

'

'

'

'

'

'

'

'

222,285

'

222,285

'

227,285

'

'

'

'

'

'

'

Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2

'2 years 1 month 6 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'

'

'

'

'

'

'3 years 7 days

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

618

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options

386

'

386

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

72

'

72

'

'

'

'

'

'

'

'

'

Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period For Recognition 1

'

'

'

'

'

'1 year 5 months 16 days

'

'

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period

'

'

'

'

'

'

'

'

'

'

'

7,425

7,425

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value

'

'

'

'

'

'

'

'

'

'

'

$11.66

$9.39

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested

'

'

'

'

'

'

'

'

'

'

'

69

40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options

'

'

'

'

'

'

'

'

'

136

'

136

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number

'

'

'

'

'

'

'

'

'

'

'

'

'

251,800

'

251,800

'

269,950

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

44,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14,850

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Total Share Based Liabilities Paid

'

'

'

'

'

'

'

'

'

'

'

'

'

74

'

74

'

'

'

'

'

83

57

83

57

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,350

$683

'

'

'

'

'

$10

$97

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$4.04

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,334

0

'

'

'

'

'

'

'

'

Note_8_Sharebased_Compensation6

Note 8. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Independence Holding Company Share Based Plans Total Member	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	620,158	'	693,836
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.35	'	$9.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	-44,000	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$9.09	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	-27,500	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$9.99	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	-2,178	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$10.47	'	'
American Independence Corp Share Based Plans Total Member	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	222,285	'	227,285
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$11.46	'	$11.40
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	-18,334	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$7.50	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	13,334	0	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$7.01	'	'

Note_8_Sharebased_Compensation7

Note 8. Share-based Compensation: Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Independence Holding Company Share Based Plans Total Member	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	620,158	693,836
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number	455,158	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.35	$9.36
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price	$9.12	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value	$3,058	'
Share based Compensation Arrangement By Share based Payment Award Options Exercisable Intrinsic Value1	2,351	'
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2	'2 years 1 month 6 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	'1 year 2 months 12 days	'
American Independence Corp Share Based Plans Total Member	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	222,285	227,285
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number	203,395	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$11.46	$11.40
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price	$11.91	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value	236	'
Share based Compensation Arrangement By Share based Payment Award Options Exercisable Intrinsic Value1	$173	'
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2	'3 years 7 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	'2 years 5 months 16 days	'

Note_8_Sharebased_Compensation8

Note 8. Share-based Compensation: Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) (Independence Holding Company Share Based Plans Total Member, Restricted Stock, USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Independence Holding Company Share Based Plans Total Member | Restricted Stock	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	14,850	'	13,200
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$10.60	'	$9.37
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	7,425	7,425	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$11.66	$9.39	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	-5,775	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$9.15	'	'

Note_8_Sharebased_Compensation9

Note 8. Share-based Compensation: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) (American Independence Corp Share Based Plans Total Member, Employee Stock Option)	9 Months Ended
	Sep. 30, 2013
American Independence Corp Share Based Plans Total Member | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	45.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	'5 years

Note_9_Debt_Details

Note 9. Debt (Details) (USD $)	9 Months Ended		1 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Jul. 31, 2013
			Notes Payable to Banks
Repayment of long-term debt	$2,000	$2,000	$2,000

Note_10_Income_Taxes_Details

Note 10. Income Taxes (Details) (AMICSubsidiariesMember, USD $)	0 Months Ended
In Thousands, unless otherwise specified	Jan. 15, 2013		Sep. 30, 2013		Dec. 31, 2012
Deferred Tax Assets, Net of Valuation Allowance	'		$10,885		$12,173
Threshold on subsidiary inclusion in Parent Federal Tax Return	80.00%	[1]	'		'
Domestic Tax Authority	'		'		'
Operating Loss Carryforwards	'		$268,808	[2]	'
[1]	Effective January 15, 2013
[2]	Which expire in varying amounts through the year 2031, with a significant portion expiring in 2021.

Note_11_Reinsurance_Material_N

Note 11. Reinsurance: Material Nonrecurring Reinsurance Transaction (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	31-May-13	Jun. 30, 2013	31-May-13
In Thousands, unless otherwise specified			Madison National Life Subsidiaries Member	Madison National Life Subsidiaries Member	Madison National Life Subsidiaries Member
			Life and Annuity Insurance Product Line	Life and Annuity Insurance Product Line	Life and Annuity Insurance Product Line
				Guggenheim Life and Annuity Company	Guggenheim Life and Annuity Company
Future policy benefits-life and annuity	$285,175	$290,238	'	'	$218,633
Payments For Reinsurance Under Coinsurance Agreement	'	'	'	215,137	'
Due from reinsurers	377,802	166,880	'	'	218,296
Other assets	83,984	86,382	'	'	6,643
Deferred Policy Acquisition Cost, Amortization Expense, Effect of Adjustments to Estimated Gross Profit	'	'	$9,307	'	'

Note_12_Supplemental_Disclosur1

Note 12. Supplemental Disclosures of Cash Flow Information (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Details	'	'
Income Taxes Paid (Refunds), Net	$612	$519
Interest Paid	$1,458	$1,601

Note_13_Contingencies_Details

Note 13. Contingencies (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
Details	'
Loss Contingency Accrual	$1,541

Note_14_Other_Comprehensive_In3

Note 14. Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Accumulated other comprehensive income (loss)	($3,459)	$12,452	$15,013	$7,853
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	-1,306	5,093	-9,823	11,261
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	-1,151	-775	-11,698	-2,254
Other comprehensive income (loss), net of tax	-2,457	4,318	-21,521	9,007
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-6	-137	550	-230
Accumulated other comprehensive income (loss)	-5,922	16,633	-5,922	16,633
Unrealized Gains/Losses Purchased from Noncontrolling Interests	'	'	36	3
Accumulated Net Unrealized Investment Gain (Loss)	'	'	'	'
Accumulated other comprehensive income (loss)	-3,268	12,754	15,231	8,150
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	-1,364	5,017	-9,908	11,190
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	-1,151	-775	-11,698	-2,254
Other comprehensive income (loss), net of tax	-2,515	4,242	-21,606	8,936
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-6	-137	550	-230
Accumulated other comprehensive income (loss)	-5,789	16,859	-5,789	16,859
Unrealized Gains/Losses Purchased from Noncontrolling Interests	'	'	36	3
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	'	'	'	'
Accumulated other comprehensive income (loss)	-191	-302	-218	-297
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	58	76	85	71
Other comprehensive income (loss), net of tax	58	76	85	71
Accumulated other comprehensive income (loss)	($133)	($226)	($133)	($226)

Note_14_Other_Comprehensive_In4

Note 14. Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Net realized investment gains	$2,417	$1,011	$18,771	$3,998
Net impairment losses recognized in earnings	'	'	'	-704
Income (loss) from continuing operations before income taxes	5,996	6,581	19,935	18,673
Income taxes (benefits)	2,080	2,191	6,821	6,123
Net income (loss)	3,916	4,390	13,114	12,550
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss)	'	'	'	'
Net realized investment gains	1,846	1,205	17,647	4,195
Net impairment losses recognized in earnings	'	'	'	-704
Income (loss) from continuing operations before income taxes	1,846	1,205	17,647	3,491
Income taxes (benefits)	695	430	5,949	1,237
Net income (loss)	$1,151	$775	$11,698	$2,254

Note_15_Segment_Reporting_Sche1

Note 15. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
TOTAL REVENUES	$141,644	$111,502	$431,426	$315,101
Income (loss) from continuing operations before income taxes	5,996	6,581	19,935	18,673
Operating Segments	'	'	'	'
TOTAL REVENUES	139,227	110,491	412,655	311,807
Income (loss) from continuing operations before income taxes	4,049	6,079	2,611	16,967
Segment Reconciling Items | Net realized investment gains	'	'	'	'
TOTAL REVENUES	2,417	1,011	18,771	3,998
Income (loss) from continuing operations before income taxes	2,417	1,011	18,771	3,998
Segment Reconciling Items | Net impairment losses recognized in earnings	'	'	'	'
TOTAL REVENUES	'	'	'	-704
Income (loss) from continuing operations before income taxes	'	'	'	-704
Segment Reconciling Items | Interest Expense	'	'	'	'
Income (loss) from continuing operations before income taxes	-470	-509	-1,447	-1,588
Medical Stop-Loss Segment Member	'	'	'	'
TOTAL REVENUES	42,043	38,286	127,833	107,844
Income (loss) from continuing operations before income taxes	3,404	2,853	9,836	12,787
Fully Insured Segment Member	'	'	'	'
TOTAL REVENUES	71,778	45,357	203,896	124,033
Income (loss) from continuing operations before income taxes	615	1,461	474	4,619
Group disability, life annuities and DBL Segment Member	'	'	'	'
TOTAL REVENUES	15,842	13,160	46,685	38,901
Income (loss) from continuing operations before income taxes	2,555	3,590	6,530	4,292
Individual life annuities and other Segment Member	'	'	'	'
TOTAL REVENUES	9,542	13,666	34,162	40,517
Income (loss) from continuing operations before income taxes	-40	852	-9,207	1,050
Corporate	'	'	'	'
TOTAL REVENUES	22	22	79	512
Income (loss) from continuing operations before income taxes	($2,485)	($2,677)	($5,022)	($5,781)

Note_15_Segment_Reporting_Deta

Note 15. Segment Reporting (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Amortization of Intangible Assets	'	'	$2,443	'
Fully Insured Segment Member	'	'	'	'
Amortization of Intangible Assets	602	624	1,810	1,829
Individual life annuities and other Segment Member	'	'	'	'
Deferred Policy Acquisition Cost, Amortization Expense, Effect of Adjustments to Estimated Gross Profit	'	'	$9,307	'