Independence Holding (IHC) 10-Q 9 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	1-May-14	Jun. 30, 2013
Document and Entity Information	'	'	'
Entity Registrant Name	'Independence Holding Company	'	'
Document Type	'10-Q	'	'
Document Period End Date	31-Mar-14	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0000701869	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	17,491,712	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q1	'	'
Entity Public Float	'	'	$91,003

INDEPENDENCE_HOLDING_COMPANY_C

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2014 Unaudited) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Investments:	'		'
Short-term investments	$50		$50
Securities purchased under agreements to resell	34,971		22,594
Trading securities	10,594		7,125
Fixed maturities, available-for-sale	535,094		542,287
Equity securities, available-for-sale	11,995		11,803
Other investments	25,344		25,123
Total investments	618,048		608,982
Cash and cash equivalents	23,081		24,229
Deferred acquisition costs	29,857		29,777
Due and unpaid premiums	62,272		59,435
Due from reinsurers	380,002		380,229
Premium and claim funds	38,262		37,353
Goodwill	50,318		50,318
Other assets	86,178		78,712
TOTAL ASSETS	1,288,018		1,269,035
LIABILITIES:	'		'
Policy benefits and claims	236,656		237,754
Future policy benefits	287,309		287,449
Funds on deposit	274,090		274,826
Unearned premiums	13,833		12,423
Other policyholders' funds	25,014		25,129
Due to reinsurers	39,528		37,113
Accounts payable, accruals and other liabilities	80,867		71,889
Debt	6,000		6,000
Junior subordinated debt securities	38,146		38,146
TOTAL LIABILITIES	1,001,443		990,729
IHC STOCKHOLDERS' EQUITY:	'		'
Preferred stock	'	[1]	'	[1]
Common Stock	18,524	[2],[3]	18,524	[2],[4]
Paid-in capital	126,335		126,239
Accumulated other comprehensive income (loss)	-4,954		-10,472
Treasury stock, at cost	-9,432	[5]	-8,169	[6]
Retained earnings	146,357		142,669
TOTAL IHC STOCKHOLDERS' EQUITY	276,830		268,791
NONCONTROLLING INTERESTS IN SUBSIDIARIES	9,745		9,515
TOTAL EQUITY	286,575		278,306
TOTAL LIABILITIES AND EQUITY	$1,288,018		$1,269,035
[1]	None issued.
[2]	$1.00 par value.
[3]	23,000,000 shares authorized, 18,523,733 shares issued and 17,563,618 shares outstanding.
[4]	23,000,000 shares authorized, 18,523,733 shares issued and 17,660,390 shares outstanding.
[5]	960,115 treasury shares
[6]	863,343 treasury shares

INDEPENDENCE_HOLDING_COMPANY_C1

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (March 31, 2014 Unaudited) (USD $)	Mar. 31, 2014	Dec. 31, 2013
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	18,523,733	18,523,733
Common Stock, shares outstanding	17,563,618	17,660,390
Treasury Stock, shares	960,115	863,343

INDEPENDENCE_HOLDING_COMPANY_C2

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
REVENUES:	'	'
Premiums earned	$123,270	$117,368
Net investment income	5,801	8,001
Fee income	9,339	6,542
Other income	1,111	1,352
Net realized investment gains	1,551	4,619
TOTAL REVENUES	141,072	137,882
EXPENSES:	'	'
Policyholder benefits and claims	85,309	85,460
Selling, general and administrative expenses	48,135	42,880
Amortization of deferred acquisition costs	1,282	1,440
Interest expense on debt	481	487
TOTAL EXPENSES	135,207	130,267
Income (loss) before income taxes	5,865	7,615
Income taxes (benefits)	1,860	2,575
Net income (loss)	4,005	5,040
(Income) loss from noncontrolling interests in subsidiaries	-304	-339
NET INCOME (LOSS) ATTRIBUTABLE TO IHC	$3,701	$4,701
Basic income (loss) per common share	$0.21	$0.26
WEIGHTED AVERAGE SHARES OUTSTANDING	17,623	17,919
Diluted income (loss) per common share	$0.21	$0.26
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING	17,763	18,040

INDEPENDENCE_HOLDING_COMPANY_C3

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
STATEMENT OF COMPREHENSIVE INCOME	'	'
Net income (loss)	$4,005	$5,040
Unrealized gains (losses) on available-for-sale securities	8,017	-2,107
Tax (benefit) on unrealized gains (losses) on available-for-sale securities	2,378	-580
Unrealized gains (losses) on available-for-sale securities, net of tax	5,639	-1,527
Unrealized gains (losses) on cash flow hedge, pre-tax	17	23
Tax (benefit) on unrealized gains (losses) on cash flow hedge	7	9
Unrealized gains (losses) on cash flow hedge, net of taxes	10	14
Other comprehensive income (loss), net of tax	5,649	-1,513
Comprehensive income (loss), net of tax	9,654	3,527
(Income) loss from noncontrolling interests in subsidiaries	-304	-339
Net unrealized (gains) losses on available-for-sale securities, net of tax, attributable to noncontrolling interests	-131	91
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-131	91
Comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-435	-248
Comprehensive income (loss), net of tax, attributable to IHC	$9,219	$3,279

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, 2013	$18,524	$126,239	($10,472)	($8,169)	$142,669	$268,791	$9,515	$278,306
Net income (loss)	'	'	'	'	3,701	3,701	304	4,005
Other comprehensive income (loss), net of tax	'	'	5,518	'	'	5,518	131	5,649
Repurchases of common stock	'	'	'	-1,263	'	-1,263	'	-1,263
Share-based compensation and related tax effects	'	85	'	'	'	85	'	85
Distributions to noncontrolling interests	'	'	'	'	'	'	-219	-219
Other capital transactions	'	11	'	'	-13	-2	14	12
Stockholders Equity at Mar. 31, 2014	$18,524	$126,335	($4,954)	($9,432)	$146,357	$276,830	$9,745	$286,575

INDEPENDENCE_HOLDING_COMPANY_C5

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:	'	'
Net income (loss)	$4,005	$5,040
Adjustments to reconcile net income to net change in cash from operating activities:	'	'
Amortization of deferred acquisition costs	1,282	1,440
Net realized investment gains	-1,551	-4,619
Equity income from equity method investments	-433	-906
Depreciation and amortization	1,005	1,163
Share-based compensation expense	16	128
Deferred tax expense (benefits)	824	3,225
Other adjustments to reconcile net income	1,275	1,906
Changes in assets and liabilities:	'	'
Net sales (purchases) of trading securities	-2,889	764
Change in insurance liabilities	2,552	21,207
(Additions) reductions to deferred acquisition costs, net	-1,383	-1,387
Change in amount due from reinsurers	227	-5,676
Change in premium and claim funds	-909	-14,741
Change in current income tax liability	522	640
Change in due and unpaid premiums	-2,837	-485
Change in other assets	-1,777	5,006
Change in other liabilities	4,125	-1,422
Net change in cash from operating activities	4,054	11,283
CASH FLOWS PROVIDED BY (USED BY) INVESTING ACTIVITIES:	'	'
Net sales (purchases) of securities under resale and repurchase agreements	-12,377	20,538
Sales of equity securities	250	7,500
Purchases of equity securities	-250	'
Sales of fixed maturities	83,746	88,859
Maturities and other repayments of fixed maturities	17,344	14,663
Purchases of fixed maturities	-94,159	-149,871
Other investing activites	3,018	5,246
Net change in cash from investing activities	-2,428	-13,065
CASH FLOWS PROVIDED BY (USED BY) FINANCING ACTIVITIES:	'	'
Payments for repurchases of common stock	-1,120	-565
Cash paid in acquisitions of noncontrolling interests	'	-1,199
Proceeds (withdrawals) of investment-type insurance contracts	-816	-787
Dividends paid	-620	'
Other financing activities	-218	-583
Net change in cash from financing activities	-2,774	-3,134
Net change in cash and cash equivalents	-1,148	-4,916
Cash and cash equivalents, beginning of period	24,229	23,945
Cash and cash equivalents, end of period	$23,081	$19,029

Note_1_Organization_Consolidat

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies	'
	Note 1.            Organization, Consolidation, Basis of Presentation and Accounting Policies
	(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., IHC Specialty Benefits Inc. and IHC Carrier Solutions, Inc.  IHC also owns a significant equity interest in a managing general underwriter (“MGU”) that writes medical stop-loss. Standard Security Life, Madison National Life and Independence American are sometimes collectively referred to as the “Insurance Group”. IHC and its subsidiaries (including the Insurance Group) are sometimes collectively referred to as the "Company", or “IHC”, or are implicit in the terms “we”, “us” and “our”.
	Geneve Corporation, a diversified financial holding company, and its affiliated entities, held 52.1% of IHC's outstanding common stock at March 31, 2014.
	(B)       Consolidation
	American Independence Corp.
	The Company owned 90.0% of the outstanding common stock of American Independence Corp. ("AMIC") at both March 31, 2014 and December 31, 2013. AMIC is an insurance holding company engaged in the insurance and reinsurance business.
	(C)      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 and the disclosure of contingent assets and liabilities at the date of the financial statements; and (ii) 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 ended March 31, 2014 are not necessarily indicative of the results to be anticipated for the entire year.
	(D)       Reclassifications
	Certain amounts in prior year’s Condensed Consolidated Financial Statements and Notes thereto have been reclassified to conform to the 2014 presentation.
	(E)       Recent Accounting Pronouncements
	Recently Adopted Accounting Standards
	In July 2013, the Financial Accounting Standards Board (“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. The adoption of this guidance, effective January 1, 2014, did not have an effect 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 became effective January 1, 2014 and in accordance with the provisions, IHC recorded the estimated gross liability for the mandated fees payable to the Federal Government of $1,500,000 and the corresponding deferred cost in the first quarter of 2014. The amounts were recorded in accounts payable, accruals and other liabilities and in other assets, respectively, on the Condensed Consolidated Balance Sheet. The deferred asset will be amortized ratably over the calendar year to selling, general and administrative expense in the Condensed Consolidated Statement of Income. This is an estimated amount and will be adjusted once the final assessment is received.
	Recently Issued Accounting Standards Not Yet Adopted
	In April 2014, the FASB issued guidance: (i) improving the definition of discontinued operations by limiting the reporting of discontinued operations to disposals of components that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results; and (ii) requiring expanded disclosures for discontinued operations. Public entities are required to apply this guidance to: (i) all disposals (or classifications as held for sale) of components of the entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years; and (ii) to all businesses that, on acquisition, are classified as held for sale that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in previously issued financial statements. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.

Note_2_Income_Per_Common_Share

Note 2. Income Per Common Share	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 2. Income Per Common Share	'
	Note 2.                        Income Per Common Share
	Included in the diluted earnings per share calculation for the three months ended March 31, 2014 and 2013 are 140,000 and 121,000 incremental common shares, respectively, primarily from the dilutive effect of share-based payment awards, computed using the treasury stock method.

Note_3_Investment_Securities

Note 3. Investment Securities	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 3. Investment Securities	'
	Note  3.                       Investment Securities
	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):
			March 31, 2014
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	207,375	$	1,301	$	(4,986)	$	203,690
	CMOs - residential (1)		2,259		8		(11)		2,256
	CMOs - commercial		975		-		(106)		869
	U.S. Government obligations		15,592		216		(5)		15,803
	Agency MBS - residential (2)		76		4		-		80
	GSEs (3)		19,200		3		(667)		18,536
	States and political subdivisions		256,226		3,507		(5,422)		254,311
	Foreign government obligations		37,276		127		(1,768)		35,635
	Redeemable preferred stocks		4,036		82		(204)		3,914
	Total fixed maturities	$	543,015	$	5,248	$	(13,169)	$	535,094
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	7,517	$	450	$	(87)	$	7,880
	Nonredeemable preferred stocks		4,004		111		-		4,115
	Total equity securities	$	11,521	$	561	$	(87)	$	11,995
			December 31, 2013
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	215,412	$	1,315	$	(7,467)	$	209,260
	CMOs - residential (1)		2,457		8		(8)		2,457
	CMOs - commercial		975		-		(382)		593
	U.S. Government obligations		15,596		271		(6)		15,861
	Agency MBS - residential (2)		79		4		-		83
	GSEs (3)		28,484		4		(340)		28,148
	States and political subdivisions		256,645		2,435		(9,377)		249,703
	Foreign government obligations		34,437		20		(2,107)		32,350
	Redeemable preferred stocks		4,036		74		(278)		3,832
	Total fixed maturities	$	558,121	$	4,131	$	(19,965)	$	542,287
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	7,517	$	328	$	(70)	$	7,775
	Nonredeemable preferred stocks		4,004		58		(34)		4,028
	Total equity securities	$	11,521	$	386	$	(104)	$	11,803
	(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 March 31, 2014, 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		$	28,453		$	28,451
	Due after one year through five years			43,264			43,147
	Due after five years through ten years			199,697			196,073
	Due after ten years			249,093			245,682
	CMOs and MBSs			22,508			21,741
			$	543,015		$	535,094
	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 (in thousands):
			31-Mar-14
			Less than 12 Months						12 Months or Longer				Total
			Fair			Unrealized			Fair		Unrealized		Fair		Unrealized
			Value			Losses			Value		Losses		Value		Losses
	Corporate securities	$	101,907		$	2,689		$	36,883	$	2,297	$	138,790	$	4,986
	CMO’s  - residential		1,879			11			-		-		1,879		11
CMOs - commercial		-			-			869		106		869		106
U.S. Government obligations		494			5			-		-		494		5
GSEs		13,199			469			5,288		198		18,487		667
States and political subdivisions		135,318			3,634			37,068		1,788		172,386		5,422
Foreign governments		18,472			1,415			5,520		353		23,992		1,768
Redeemable preferred stocks		3,558			204			-		-		3,558		204
Total fixed maturities		274,827			8,427			85,628		4,742		360,455		13,169
Common stocks		2,009			87			-		-		2,009		87
Total equity securities		2,009			87			-		-		2,009		87
Total temporarily impaired
securities	$	276,836		$	8,514		$	85,628	$	4,742	$	362,464	$	13,256
Number of securities in an
unrealized loss position		105						31				136
		31-Dec-13
		Less than 12 Months						12 Months or Longer				Total
		Fair			Unrealized			Fair		Unrealized		Fair		Unrealized
		Value			Losses			Value		Losses		Value		Losses
Corporate securities	$	124,531		$	5,340		$	21,070	$	2,127	$	145,601	$	7,467
CMO’s  - residential		2,047			8			-		-		2,047		8
CMOs - commercial		-			-			593		382		593		382
U.S. Government obligations		493			6			-		-		493		6
GSEs		22,731			123			5,360		217		28,091		340
States and political subdivisions		149,704			7,312			32,983		2,065		182,687		9,377
Foreign governments		27,587			1,766			3,523		341		31,110		2,107
Redeemable preferred stocks		3,485			278			-		-		3,485		278
Total fixed maturities		330,578			14,833			63,529		5,132		394,107		19,965
Common stocks		2,589			70			-		-		2,589		70
Nonredeemable preferred stocks		2,625			34			-		-		2,625		34
Total equity securities		5,214			104			-		-		5,214		104
Total temporarily impaired
securities	$	335,792		$	14,937		$	63,529	$	5,132	$	399,321	$	20,069
Number of securities in an
unrealized loss position		126						27				153
Substantially all of the unrealized losses on fixed maturities available-for-sale at March 31, 2014 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 March 31, 2014.
Net realized investment gains (losses) are as follows for periods indicated (in thousands):
		Three Months Ended
		March 31,
		2014		2013
Sales of available-for-sale securities:
Fixed maturities	$	2,186	$	4,451
Preferred stocks		-		113
Total sales of available-for-sale securities		2,186		4,564
Sales of trading securities		5		36
Other gains (losses)		(709)		(239)
Total realized gains (losses)		1,482		4,361
Unrealized gains (losses) on trading securities:
Change in unrealized gains (losses) on trading securities		69		258
Total unrealized gains (losses)  on trading securities		69		258
Net realized investment gains (losses)	$	1,551	$	4,619
For the three months ended March 31, 2014, proceeds from sales of available-for-sale securities were $97,550,000 and the Company realized gross gains of $2,605,000 and gross losses of $419,000 as a result of those sales. For the three months ended March 31, 2013, proceeds from sales of available-for-sale securities were $96,359,000 and the Company realized gross gains of $4,632,000 and gross losses of $68,000 as a result of those sales.
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 1G(vi) to the Consolidated Financial Statements in the 2013 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. The Company did not recognize any other-than-temporary impairments on available-for-sale securities in 2014 or 2013.
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
		March 31,
		2014		2013
Balance at beginning of year	$	473	$	1,976
Additional credit losses for which an other-than-
temporary loss was previously recognized		-		-
Securities sold		-		-
Balance at end of period	$	473	$	1,976
The after-tax portion of other-than-temporary impairments included in accumulated other comprehensive income (loss) at both March 31, 2014 and December 31, 2013 consists of $335,000 related to CMO securities.

Note_4_Cash_Flow_Hedge

Note 4. Cash Flow Hedge	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 4. Cash Flow Hedge	'
	Note 4.                        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 at both March 31, 2014 and December 31, 2013), 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 March 31, 2014 and December 31, 2013, the fair value of interest rate swap was $186,000 and $204,000, respectively, which is included in other liabilities on the accompanying Condensed Consolidated Balance Sheets. See Note 5 for further discussion on the valuation techniques utilized to determine the fair value of the interest rate swap.

Note_5_Fair_Value_Disclosures

Note 5. Fair Value Disclosures	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 5. Fair Value Disclosures	'
	Note 5.                        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 and municipal tax credit strips.  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):
			31-Mar-14
			Level 1			Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-		$	203,690	$	-	$	203,690
	CMOs - residential		-			2,256		-		2,256
	CMOs - commercial		-			-		869		869
	US Government obligations		-			15,803		-		15,803
	Agency MBS - residential		-			80		-		80
	GSEs		-			18,536		-		18,536
	States and political subdivisions		-			251,901		2,410		254,311
	Foreign government obligations		-			35,635		-		35,635
	Redeemable preferred stocks		3,914			-		-		3,914
	Total fixed maturities		3,914			527,901		3,279		535,094
	Equity securities available-for-sale:
	Common stocks		7,880			-		-		7,880
	Nonredeemable preferred stocks		4,115			-		-		4,115
	Total equity securities		11,995			-		-		11,995
	Trading securities - equities		10,594			-		-		10,594
	Total trading securities		10,594			-		-		10,594
	Total Financial Assets	$	26,503		$	527,901	$	3,279	$	557,683
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-		$	186	$	-	$	186
			31-Dec-13
			Level 1			Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-		$	209,260	$	-	$	209,260
	CMOs - residential		-			2,457		-		2,457
	CMOs - commercial		-			-		593		593
	US Government obligations		-			15,861		-		15,861
	Agency MBS - residential		-			83		-		83
	GSEs		-			28,148		-		28,148
	States and political subdivisions		-			247,262		2,441		249,703
	Foreign government obligations		-			32,350		-		32,350
	Redeemable preferred stocks		3,832			-		-		3,832
	Total fixed maturities		3,832			535,421		3,034		542,287
	Equity securities available-for-sale:
	Common stocks		7,775			-		-		7,775
	Nonredeemable preferred stocks		4,028			-		-		4,028
	Total equity securities		11,803			-		-		11,803
	Trading securities - equities		7,125			-		-		7,125
	Total trading securities		7,125			-		-		7,125
	Total Financial Assets	$	22,760		$	535,421	$	3,034	$	561,215
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-		$	204	$	-	$	204
	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. 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.
	There were no securities transferred between Level 1, Level 2 or Level 3 in 2014 or 2013. The following table presents the changes in fair value of our Level 3 financial instruments for the periods indicated (in thousands):
					Three Months Ended March 31, 2014
							States and
				CMOs		Political
				Commercial		Subdivisions		Total
Beginning balance			$	593	$	2,441	$	3,034
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)				276		(16)		260
Repayments and amortization of fixed maturities				-		(15)		(15)
Balance at end of period			$	869	$	2,410	$	3,279
		Three Months Ended March 31, 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		1,490		-		-		1,490
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		(1,292)		6		(23)		(1,309)
Sales of securities		(4,034)		-		-		(4,034)
Repayments and amortization of fixed maturities		(462)		-		(6)		(468)
Balance at end of period	$	9,755	$	576	$	2,529	$	12,860
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, for the periods indicated (in thousands):
		31-Mar-14					31-Dec-13
		Level 2					Level 2
		Fair			Carrying		Fair			Carrying
		Value			Value		Value			Value
FINANCIAL ASSETS:
Policy loans	$	13,914		$	11,116	$	14,177		$	11,328
FINANCIAL LIABILITIES:
Funds on deposit	$	274,038		$	274,090	$	274,773		$	274,826
Debt and junior subordinated
debt securities	$	44,146		$	44,146	$	44,146		$	44,146
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_6_Goodwill_and_Other_Inta

Note 6. Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 6. Goodwill and Other Intangible Assets	'
	Note 6.                        Goodwill and Other Intangible Assets
	The carrying amount of goodwill was $50,318,000 at March 31, 2014 and December 31, 2012.
	The Company has net other intangible assets of $14,088,000 and $14,767,000 at March 31, 2014 and December 31, 2013, respectively, which are included in other assets in the Condensed Consolidated Balance Sheets. These intangible assets consist of: (i) finite-lived intangible assets, principally the fair value of acquired agent and broker relationships, which are subject to amortization; and (ii) indefinite-lived intangible assets which consist of the estimated fair value of insurance licenses that are not subject to amortization. The gross carrying amounts of these other intangible assets are as follows for the periods indicated (in thousands):
			31-Mar-14				31-Dec-13
			Gross				Gross
			Carrying		Accumulated		Carrying		Accumulated
			Amount		Amortization		Amount		Amortization
	Finite-lived Intangible Assets:
	Agent and broker relationships	$	22,725	$	16,614	$	22,725	$	15,935
							March 31,			December 31,
							2014			2013
	Indefinite-lived Intangible Assets:
	Insurance licenses					$	7,977		$	7,977
	Amortization expense was $679,000 and $802,000 for the three months ended March 31, 2014 and 2013, respectively.

Note_7_Income_Taxes

Note 7. Income Taxes	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 7. Income Taxes	'
	Note 7.                       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 March 31, 2014, AMIC had net operating loss carryforwards of approximately $265,229,000 for federal income tax purposes, expiring in varying amounts through the year 2028, with a significant portion expiring in 2020. The net deferred tax asset relative to AMIC included in other assets on IHC’s Condensed Consolidated Balance Sheets was $10,370,000 and $10,689,000 at March 31, 2014 and December 31, 2013, respectively.

Note_8_Accumulated_Other_Compr

Note 8. Accumulated Other Comprehensive Income (loss)	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 8. Accumulated Other Comprehensive Income (loss)	'
	Note 8.                        Accumulated 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 March 31, 2014
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge		Total
	Beginning balance	$	(10,350)		$	(122)	$	(10,472)
	Other comprehensive income (loss) before reclassifications		6,618			10		6,628
	Amounts reclassified from accumulated OCI		(979)			-		(979)
	Net other comprehensive income (loss)		5,639			10		5,649
	Less: Other comprehensive income attributable
	to noncontrolling interests		(131)			-		(131)
	Ending balance	$	(4,842)		$	(112)	$	(4,954)
			Three Months Ended March 31, 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		1,448			14		1,462
	Amounts reclassified from accumulated OCI		(2,975)			-		(2,975)
	Net other comprehensive income (loss)		(1,527)			14		(1,513)
	Less: Other comprehensive loss attributable
	to noncontrolling interests		91			-		91
	Acquired from noncontrolling interests		36			-		36
	Ending balance	$	13,831		$	(204)	$	13,627
	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
			March 31,
			2014		2013
	Unrealized gains (losses) on available-for-sale securities
	reclassified during the period to the following income
	statement line items:
	Net realized investment gains	$	1,477	$	4,326
	Income before income tax		1,477		4,326
	Tax effect		498		1,351
	Net income	$	979	$	2,975

Note_9_Sharebased_Compensation

Note 9. Share-based Compensation	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 9. Share-based Compensation	'
	Note 9.                        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
	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 generally three years for employee options. The fair value of an option award is estimated on the date of grant using the Black-Scholes option valuation model. In addition to stock options, the Company has also granted restricted stock units, share appreciation rights (“SARs”) and share-based performance awards under the 2006 Plan. Restricted share units are valued at the quoted market price of the shares at the date of grant and have a three year vesting period. Compensation costs for options and restricted share units are recognized over the stated vesting periods on a straight-line basis. 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. 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.
	At March 31, 2014, there were 384,139 shares available for future stock-based compensation grants under IHC’s stock incentive plans. The following table summarizes share-based compensation expense, which is included in selling, general and administrative expenses on the Condensed Consolidated Statements of Income, applicable to the IHC plans  by award type for each of the periods indicated (in thousands):
				Three Months Ended
				March 31,
				2014		2013
	IHC’s Share-based Compensation Plan:
	Stock options		$	66	$	13
	Restricted stock units			19		13
	SARs			(81)		99
	Performance awards			-		(5)
	Share-based compensation expense, pre-tax			4		120
	Tax benefits			1		48
	Share-based compensation expense, net		$	3	$	72
	Stock Options
	At March 31, 2014 and December 31, 2013, there were 616,858 stock options outstanding with a weighted average exercise price of $9.35 per share.
	The following table summarizes information regarding outstanding and exercisable options:
			31-Mar-14
			Outstanding		Exercisable
	Number of options		616,858		534,358
	Weighted average exercise price per share	$	9.35	$	9.25
	Aggregate intrinsic value for all options (in thousands)	$	2,513	$	2,230
	Weighted average contractual term remaining		1.6 years		1.2 years
	As of March 31, 2014, the total unrecognized compensation expense related to non-vested stock options was $254,000, which is expected to be recognized over the remaining requisite weighted-average service period of 1.0 years.
	Restricted Stock
	At March 31, 2014 and December 31, 2013, there were 14,850 unvested restricted stock units outstanding with a weighted average grant-date fair value of $10.60 per share.
	As of March 31, 2014, the total unrecognized compensation expense related to non-vested restricted stock unit awards was $98,000 which is expected to be recognized over the remaining requisite weighted-average service period of 1.6 years.
	SARs
	IHC had 251,800 SAR awards outstanding at March 31, 2014 and December 31, 2013. Included in Other Liabilities in the Company’s Condensed Consolidated Balance Sheets at March 31, 2014 and December 31, 2013 are liabilities of $1,226,000 and $1,307,000, respectively, pertaining to SARs.
	B)        AMIC Share-Based Compensation Plans
	Under the terms of the Company’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.  The Company 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.
	The following table summarizes share-based compensation expense, which is included in selling, general and administrative expenses on the Condensed Consolidated Statements of Income, applicable to the AMIC share-based compensation plans, by award type for each of the periods indicated (in thousands):
				Three Months Ended
				March 31,
				2014		2013
	AMIC’s Share-based Compensation Plans:
	Stock options		$	12	$	8
	Share-based compensation expense, pre-tax			12		8
	Tax benefits			4		3
	Share-based compensation expense, net		$	8	$	5
	Stock Options
	AMIC’s stock option activity for the three months ended March 31, 2014 is as follows:
			Shares		Weighted- Average
			Under Option		Exercise Price
	31-Dec-13		222,285		$	11.46
	Expired		(49,002)			14.01
	31-Mar-14		173,283		$	10.74
	The following table summarizes information regarding AMIC’s outstanding and exercisable options as of March 31, 2014:
			31-Mar-14
			Outstanding		Exercisable
	Number of options		173,283		158,838
	Weighted average exercise price per share	$	10.74	$	11.11
	Aggregate intrinsic value for all options (in thousands)	$	288	$	228
	Weighted average contractual term remaining		3.29 years		2.80 years
	As of March 31, 2014, the total unrecognized compensation expense related to AMIC’s non-vested options was $47,000 which will be recognized over the remaining requisite service periods.

Note_10_Supplemental_Disclosur

Note 10. Supplemental Disclosures of Cash Flow Information	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 10. Supplemental Disclosures of Cash Flow Information	'
	Note 10.          Supplemental Disclosures of Cash Flow Information
	Net cash payments (receipts) for income taxes were $229,000 and $(1,611,000) during the three months ended March 31, 2014 and 2013.
	Cash payments for interest were $464,000 and $488,000 during the three months ended March 31, 2014 and 2013, respectively.

Note_11_Commitments_and_Contin

Note 11. Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 11. Commitments and Contingencies	'
	Note 11.          Commitments and 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 accrued $1,541,000 in return of premium reserves (net of recoveries). The Company terminated the MGU that produced this business in 2008. In April 2014, the amount was paid in full representing final refund of premium.

Note_12_Segment_Reporting

Note 12. Segment Reporting	3 Months Ended
	Mar. 31, 2014
Notes	'
Note 12. Segment Reporting	'
	Note 12.          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
			March 31,
			2014		2013
	Revenues:
	Medical Stop-Loss	$	47,588	$	42,122
	Fully  Insured Health		66,539		63,683
	Group disability, life, annuities and DBL		16,427		14,474
	Individual life, annuities and other		8,938		12,947
	Corporate		29		37
			139,521		133,263
	Net realized investment gains		1,551		4,619
	Total revenues	$	141,072	$	137,882
	Income before income taxes:
	Medical Stop-Loss	$	4,738	$	3,016
	Fully Insured Health (A)		1,908		(332)
	Group disability, life, annuities and DBL		1,177		1,576
	Individual life, annuities and other		(1,109)		382
	Corporate		(1,919)		(1,159)
			4,795		3,483
	Net realized investment gains		1,551		4,619
	Interest expense		(481)		(487)
	Income before income taxes	$	5,865	$	7,615
	(A)                The Fully Insured Health segment includes amortization of intangible assets. Total amortization expense was $492,000 and $602,000 for the three months ended March 31, 2014 and 2013, respectively. Amortization expense for the other segments is not material to their operating results.

Note_1_Organization_Consolidat1

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2014
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 and the disclosure of contingent assets and liabilities at the date of the financial statements; and (ii) 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.

Note_1_Organization_Consolidat2

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Reclassification Policy (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
Reclassification Policy	'
	Certain amounts in prior year’s Condensed Consolidated Financial Statements and Notes thereto have been reclassified to conform to the 2014 presentation.

Note_1_Organization_Consolidat3

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2014
Policies	'
New Accounting Pronouncements	'
	Recently Adopted Accounting Standards
	In July 2013, the Financial Accounting Standards Board (“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. The adoption of this guidance, effective January 1, 2014, did not have an effect 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 became effective January 1, 2014 and in accordance with the provisions, IHC recorded the estimated gross liability for the mandated fees payable to the Federal Government of $1,500,000 and the corresponding deferred cost in the first quarter of 2014. The amounts were recorded in accounts payable, accruals and other liabilities and in other assets, respectively, on the Condensed Consolidated Balance Sheet. The deferred asset will be amortized ratably over the calendar year to selling, general and administrative expense in the Condensed Consolidated Statement of Income. This is an estimated amount and will be adjusted once the final assessment is received.
	Recently Issued Accounting Standards Not Yet Adopted
	In April 2014, the FASB issued guidance: (i) improving the definition of discontinued operations by limiting the reporting of discontinued operations to disposals of components that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results; and (ii) requiring expanded disclosures for discontinued operations. Public entities are required to apply this guidance to: (i) all disposals (or classifications as held for sale) of components of the entity that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years; and (ii) to all businesses that, on acquisition, are classified as held for sale that occur within annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted, but only for disposals (or classifications as held for sale) that have not been reported in previously issued financial statements. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.

Note_5_Fair_Value_Disclosures_

Note 5. Fair Value Disclosures: Fair Value of Financial Instruments, Policy (Policies)	3 Months Ended
	Mar. 31, 2014
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.

Note_5_Fair_Value_Disclosures_1

Note 5. Fair Value Disclosures: Fair Value Transfer, Policy (Policies)	3 Months Ended
	Mar. 31, 2014
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. 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.

Note_9_Sharebased_Compensation1

Note 9. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Policies)	3 Months Ended
	Mar. 31, 2014
Independence Holding Company Share Based Plans Total Member	'
Share-based Compensation, Option and Incentive Plans Policy	'
	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 generally three years for employee options. The fair value of an option award is estimated on the date of grant using the Black-Scholes option valuation model. In addition to stock options, the Company has also granted restricted stock units, share appreciation rights (“SARs”) and share-based performance awards under the 2006 Plan. Restricted share units are valued at the quoted market price of the shares at the date of grant and have a three year vesting period. Compensation costs for options and restricted share units are recognized over the stated vesting periods on a straight-line basis. 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. 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.
American Independence Corp Share Based Plans Total Member	'
Share-based Compensation, Option and Incentive Plans Policy	'
	Under the terms of the Company’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.  The Company 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.

Note_3_Investment_Securities_S

Note 3. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Available-for-sale Securities Reconciliation	'
			March 31, 2014
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	207,375	$	1,301	$	(4,986)	$	203,690
	CMOs - residential (1)		2,259		8		(11)		2,256
	CMOs - commercial		975		-		(106)		869
	U.S. Government obligations		15,592		216		(5)		15,803
	Agency MBS - residential (2)		76		4		-		80
	GSEs (3)		19,200		3		(667)		18,536
	States and political subdivisions		256,226		3,507		(5,422)		254,311
	Foreign government obligations		37,276		127		(1,768)		35,635
	Redeemable preferred stocks		4,036		82		(204)		3,914
	Total fixed maturities	$	543,015	$	5,248	$	(13,169)	$	535,094
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	7,517	$	450	$	(87)	$	7,880
	Nonredeemable preferred stocks		4,004		111		-		4,115
	Total equity securities	$	11,521	$	561	$	(87)	$	11,995
			December 31, 2013
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	215,412	$	1,315	$	(7,467)	$	209,260
	CMOs - residential (1)		2,457		8		(8)		2,457
	CMOs - commercial		975		-		(382)		593
	U.S. Government obligations		15,596		271		(6)		15,861
	Agency MBS - residential (2)		79		4		-		83
	GSEs (3)		28,484		4		(340)		28,148
	States and political subdivisions		256,645		2,435		(9,377)		249,703
	Foreign government obligations		34,437		20		(2,107)		32,350
	Redeemable preferred stocks		4,036		74		(278)		3,832
	Total fixed maturities	$	558,121	$	4,131	$	(19,965)	$	542,287
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	7,517	$	328	$	(70)	$	7,775
	Nonredeemable preferred stocks		4,004		58		(34)		4,028
	Total equity securities	$	11,521	$	386	$	(104)	$	11,803
	(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_3_Investment_Securities_I

Note 3. Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Investments Classified by Contractual Maturity Date	'
			AMORTIZED		FAIR
			COST		VALUE
	Due in one year or less	$	28,453	$	28,451
	Due after one year through five years		43,264		43,147
	Due after five years through ten years		199,697		196,073
	Due after ten years		249,093		245,682
	CMOs and MBSs		22,508		21,741
		$	543,015	$	535,094

Note_3_Investment_Securities_A

Note 3. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	'
			31-Mar-14
			Less than 12 Months				12 Months or Longer				Total
			Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
			Value		Losses		Value		Losses		Value		Losses
	Corporate securities	$	101,907	$	2,689	$	36,883	$	2,297	$	138,790	$	4,986
	CMO’s  - residential		1,879		11		-		-		1,879		11
	CMOs - commercial		-		-		869		106		869		106
	U.S. Government obligations		494		5		-		-		494		5
	GSEs		13,199		469		5,288		198		18,487		667
	States and political subdivisions		135,318		3,634		37,068		1,788		172,386		5,422
	Foreign governments		18,472		1,415		5,520		353		23,992		1,768
	Redeemable preferred stocks		3,558		204		-		-		3,558		204
	Total fixed maturities		274,827		8,427		85,628		4,742		360,455		13,169
	Common stocks		2,009		87		-		-		2,009		87
	Total equity securities		2,009		87		-		-		2,009		87
	Total temporarily impaired
	securities	$	276,836	$	8,514	$	85,628	$	4,742	$	362,464	$	13,256
	Number of securities in an
	unrealized loss position		105				31				136
			31-Dec-13
			Less than 12 Months				12 Months or Longer				Total
			Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
			Value		Losses		Value		Losses		Value		Losses
	Corporate securities	$	124,531	$	5,340	$	21,070	$	2,127	$	145,601	$	7,467
	CMO’s  - residential		2,047		8		-		-		2,047		8
	CMOs - commercial		-		-		593		382		593		382
	U.S. Government obligations		493		6		-		-		493		6
	GSEs		22,731		123		5,360		217		28,091		340
	States and political subdivisions		149,704		7,312		32,983		2,065		182,687		9,377
	Foreign governments		27,587		1,766		3,523		341		31,110		2,107
	Redeemable preferred stocks		3,485		278		-		-		3,485		278
	Total fixed maturities		330,578		14,833		63,529		5,132		394,107		19,965
	Common stocks		2,589		70		-		-		2,589		70
	Nonredeemable preferred stocks		2,625		34		-		-		2,625		34
	Total equity securities		5,214		104		-		-		5,214		104
	Total temporarily impaired
	securities	$	335,792	$	14,937	$	63,529	$	5,132	$	399,321	$	20,069
	Number of securities in an
	unrealized loss position		126				27				153

Note_3_Investment_Securities_R

Note 3. Investment Securities: Realized Gain (Loss) on Investments (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Realized Gain (Loss) on Investments	'
			Three Months Ended
			March 31,
			2014		2013
	Sales of available-for-sale securities:
	Fixed maturities	$	2,186	$	4,451
	Preferred stocks		-		113
	Total sales of available-for-sale securities		2,186		4,564
	Sales of trading securities		5		36
	Other gains (losses)		(709)		(239)
	Total realized gains (losses)		1,482		4,361
	Unrealized gains (losses) on trading securities:
	Change in unrealized gains (losses) on trading securities		69		258
	Total unrealized gains (losses)  on trading securities		69		258
	Net realized investment gains (losses)	$	1,551	$	4,619

Note_3_Investment_Securities_O

Note 3. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings	'
			Three Months Ended
			March 31,
			2014		2013
	Balance at beginning of year	$	473	$	1,976
	Additional credit losses for which an other-than-
	temporary loss was previously recognized		-		-
	Securities sold		-		-
	Balance at end of period	$	473	$	1,976

Note_5_Fair_Value_Disclosures_2

Note 5. Fair Value Disclosures: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
			31-Mar-14
			Level 1		Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-	$	203,690	$	-	$	203,690
	CMOs - residential		-		2,256		-		2,256
	CMOs - commercial		-		-		869		869
	US Government obligations		-		15,803		-		15,803
	Agency MBS - residential		-		80		-		80
	GSEs		-		18,536		-		18,536
	States and political subdivisions		-		251,901		2,410		254,311
	Foreign government obligations		-		35,635		-		35,635
	Redeemable preferred stocks		3,914		-		-		3,914
	Total fixed maturities		3,914		527,901		3,279		535,094
	Equity securities available-for-sale:
	Common stocks		7,880		-		-		7,880
	Nonredeemable preferred stocks		4,115		-		-		4,115
	Total equity securities		11,995		-		-		11,995
	Trading securities - equities		10,594		-		-		10,594
	Total trading securities		10,594		-		-		10,594
	Total Financial Assets	$	26,503	$	527,901	$	3,279	$	557,683
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-	$	186	$	-	$	186
			31-Dec-13
			Level 1		Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-	$	209,260	$	-	$	209,260
	CMOs - residential		-		2,457		-		2,457
	CMOs - commercial		-		-		593		593
	US Government obligations		-		15,861		-		15,861
	Agency MBS - residential		-		83		-		83
	GSEs		-		28,148		-		28,148
	States and political subdivisions		-		247,262		2,441		249,703
	Foreign government obligations		-		32,350		-		32,350
	Redeemable preferred stocks		3,832		-		-		3,832
	Total fixed maturities		3,832		535,421		3,034		542,287
	Equity securities available-for-sale:
	Common stocks		7,775		-		-		7,775
	Nonredeemable preferred stocks		4,028		-		-		4,028
	Total equity securities		11,803		-		-		11,803
	Trading securities - equities		7,125		-		-		7,125
	Total trading securities		7,125		-		-		7,125
	Total Financial Assets	$	22,760	$	535,421	$	3,034	$	561,215
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-	$	204	$	-	$	204

Note_5_Fair_Value_Disclosures_3

Note 5. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	'
					Three Months Ended March 31, 2014
							States and
					CMOs		Political
					Commercial		Subdivisions		Total
	Beginning balance			$	593	$	2,441	$	3,034
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)				276		(16)		260
	Repayments and amortization of fixed maturities				-		(15)		(15)
	Balance at end of period			$	869	$	2,410	$	3,279
			Three Months Ended March 31, 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		1,490		-		-		1,490
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		(1,292)		6		(23)		(1,309)
	Sales of securities		(4,034)		-		-		(4,034)
	Repayments and amortization of fixed maturities		(462)		-		(6)		(468)
	Balance at end of period	$	9,755	$	576	$	2,529	$	12,860

Note_5_Fair_Value_Disclosures_4

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Fair Value, by Balance Sheet Grouping	'
			31-Mar-14				31-Dec-13
			Level 2				Level 2
			Fair		Carrying		Fair		Carrying
			Value		Value		Value		Value
	FINANCIAL ASSETS:
	Policy loans	$	13,914	$	11,116	$	14,177	$	11,328
	FINANCIAL LIABILITIES:
	Funds on deposit	$	274,038	$	274,090	$	274,773	$	274,826
	Debt and junior subordinated
	debt securities	$	44,146	$	44,146	$	44,146	$	44,146

Note_6_Goodwill_and_Other_Inta1

Note 6. Goodwill and Other Intangible Assets: Schedule of Finite-Lived Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Finite-Lived Intangible Assets	'
			31-Mar-14				31-Dec-13
			Gross				Gross
			Carrying		Accumulated		Carrying		Accumulated
			Amount		Amortization		Amount		Amortization
	Finite-lived Intangible Assets:
	Agent and broker relationships	$	22,725	$	16,614	$	22,725	$	15,935

Note_6_Goodwill_and_Other_Inta2

Note 6. Goodwill and Other Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Indefinite-Lived Intangible Assets	'
			March 31,		December 31,
			2014		2013
	Indefinite-lived Intangible Assets:
	Insurance licenses	$	7,977	$	7,977

Note_8_Accumulated_Other_Compr1

Note 8. Accumulated Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Accumulated Other Comprehensive Income (Loss)	'
			Three Months Ended March 31, 2014
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	(10,350)	$	(122)	$	(10,472)
	Other comprehensive income (loss) before reclassifications		6,618		10		6,628
	Amounts reclassified from accumulated OCI		(979)		-		(979)
	Net other comprehensive income (loss)		5,639		10		5,649
	Less: Other comprehensive income attributable
	to noncontrolling interests		(131)		-		(131)
	Ending balance	$	(4,842)	$	(112)	$	(4,954)
			Three Months Ended March 31, 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		1,448		14		1,462
	Amounts reclassified from accumulated OCI		(2,975)		-		(2,975)
	Net other comprehensive income (loss)		(1,527)		14		(1,513)
	Less: Other comprehensive loss attributable
	to noncontrolling interests		91		-		91
	Acquired from noncontrolling interests		36		-		36
	Ending balance	$	13,831	$	(204)	$	13,627

Note_8_Accumulated_Other_Compr2

Note 8. Accumulated Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Reclassification out of Accumulated Other Comprehensive Income	'
			Three Months Ended
			March 31,
			2014		2013
	Unrealized gains (losses) on available-for-sale securities
	reclassified during the period to the following income
	statement line items:
	Net realized investment gains	$	1,477	$	4,326
	Income before income tax		1,477		4,326
	Tax effect		498		1,351
	Net income	$	979	$	2,975

Note_9_Sharebased_Compensation2

Note 9. Share-based Compensation: Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Tables)	3 Months Ended
	Mar. 31, 2014
Independence Holding Company Share Based Plans Total Member	'
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	'
			Three Months Ended
			March 31,
			2014		2013
	IHC’s Share-based Compensation Plan:
	Stock options	$	66	$	13
	Restricted stock units		19		13
	SARs		(81)		99
	Performance awards		-		(5)
	Share-based compensation expense, pre-tax		4		120
	Tax benefits		1		48
	Share-based compensation expense, net	$	3	$	72
American Independence Corp Share Based Plans Total Member	'
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	'
			Three Months Ended
			March 31,
			2014		2013
	AMIC’s Share-based Compensation Plans:
	Stock options	$	12	$	8
	Share-based compensation expense, pre-tax		12		8
	Tax benefits		4		3
	Share-based compensation expense, net	$	8	$	5

Note_9_Sharebased_Compensation3

Note 9. Share-based Compensation: Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable (Tables)	3 Months Ended
	Mar. 31, 2014
Independence Holding Company Share Based Plans Total Member	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable	'
			31-Mar-14
			Outstanding		Exercisable
	Number of options		616,858		534,358
	Weighted average exercise price per share	$	9.35	$	9.25
	Aggregate intrinsic value for all options (in thousands)	$	2,513	$	2,230
	Weighted average contractual term remaining		1.6 years		1.2 years
American Independence Corp Share Based Plans Total Member	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable	'
			31-Mar-14
			Outstanding		Exercisable
	Number of options		173,283		158,838
	Weighted average exercise price per share	$	10.74	$	11.11
	Aggregate intrinsic value for all options (in thousands)	$	288	$	228
	Weighted average contractual term remaining		3.29 years		2.80 years

Note_9_Sharebased_Compensation4

Note 9. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables) (American Independence Corp Share Based Plans Total Member)	3 Months Ended
	Mar. 31, 2014
American Independence Corp Share Based Plans Total Member	'
Schedule of Share-based Compensation, Stock Options, Activity	'
		Shares	Weighted- Average
		Under Option	Exercise Price
	31-Dec-13	222,285	$	11.46
	Expired	(49,002)		14.01
	31-Mar-14	173,283	$	10.74

Note_12_Segment_Reporting_Sche

Note 12. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Tables)	3 Months Ended
	Mar. 31, 2014
Tables/Schedules	'
Schedule of Segment Reporting Information, by Segment	'
			Three Months Ended
			March 31,
			2014		2013
	Revenues:
	Medical Stop-Loss	$	47,588	$	42,122
	Fully  Insured Health		66,539		63,683
	Group disability, life, annuities and DBL		16,427		14,474
	Individual life, annuities and other		8,938		12,947
	Corporate		29		37
			139,521		133,263
	Net realized investment gains		1,551		4,619
	Total revenues	$	141,072	$	137,882
	Income before income taxes:
	Medical Stop-Loss	$	4,738	$	3,016
	Fully Insured Health (A)		1,908		(332)
	Group disability, life, annuities and DBL		1,177		1,576
	Individual life, annuities and other		(1,109)		382
	Corporate		(1,919)		(1,159)
			4,795		3,483
	Net realized investment gains		1,551		4,619
	Interest expense		(481)		(487)
	Income before income taxes	$	5,865	$	7,615

Note_1_Organization_Consolidat4

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies (Details)	Mar. 31, 2014
AMICSubsidiariesMember	'
Noncontrolling Interest, Ownership Percentage by Parent	90.00%
GeneveAffiliatedEntityMember	'
EntityCommonStockOutstandingOwnershipPercent	52.10%

Note_1_Organization_Consolidat5

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: New Accounting Pronouncements (Details) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Details	'
Deferred Cost of Mandatory Fees Under Affordable Care Act	$1,500
Mandatory Fees Under Affordable Care Act	$1,500

Note_2_Income_Per_Common_Share1

Note 2. Income Per Common Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Details	'	'
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	140	121

Note_3_Investment_Securities_S1

Note 3. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Available For Sale Debt Securities Amortized Cost Basis	$543,015	$558,121
Available-for-sale Debt Securities Gross Unrealized Gain	5,248	4,131
Available-for-sale Debt Securities, Gross Unrealized Loss	13,169	19,965
Fixed maturities, available-for-sale	535,094	542,287
Available For Sale Equity Securities Amortized Cost Basis	11,521	11,521
Available-for-sale Equity Securities, Gross Unrealized Gain	561	386
Available-for-sale Equity Securities, Gross Unrealized Loss	87	104
Equity securities, available-for-sale	11,995	11,803
Domestic Corporate Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	207,375	215,412
Available-for-sale Debt Securities Gross Unrealized Gain	1,301	1,315
Available-for-sale Debt Securities, Gross Unrealized Loss	4,986	7,467
Fixed maturities, available-for-sale	203,690	209,260
Residential Mortgage Backed Securities Member	'	'
Available For Sale Debt Securities Amortized Cost Basis	2,259	2,457
Available-for-sale Debt Securities Gross Unrealized Gain	8	8
Available-for-sale Debt Securities, Gross Unrealized Loss	11	8
Fixed maturities, available-for-sale	2,256	2,457
Commercial Mortgage Backed Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	975	975
Available-for-sale Debt Securities, Gross Unrealized Loss	106	382
Fixed maturities, available-for-sale	869	593
US Treasury Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	15,592	15,596
Available-for-sale Debt Securities Gross Unrealized Gain	216	271
Available-for-sale Debt Securities, Gross Unrealized Loss	5	6
Fixed maturities, available-for-sale	15,803	15,861
US Government Agencies Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	76	79
Available-for-sale Debt Securities Gross Unrealized Gain	4	4
Fixed maturities, available-for-sale	80	83
US Government-sponsored Enterprises Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	19,200	28,484
Available-for-sale Debt Securities Gross Unrealized Gain	3	4
Available-for-sale Debt Securities, Gross Unrealized Loss	667	340
Fixed maturities, available-for-sale	18,536	28,148
US States and Political Subdivisions Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	256,226	256,645
Available-for-sale Debt Securities Gross Unrealized Gain	3,507	2,435
Available-for-sale Debt Securities, Gross Unrealized Loss	5,422	9,377
Fixed maturities, available-for-sale	254,311	249,703
Foreign Government Debt	'	'
Available For Sale Debt Securities Amortized Cost Basis	37,276	34,437
Available-for-sale Debt Securities Gross Unrealized Gain	127	20
Available-for-sale Debt Securities, Gross Unrealized Loss	1,768	2,107
Fixed maturities, available-for-sale	35,635	32,350
Redeemable Preferred Stock	'	'
Available For Sale Debt Securities Amortized Cost Basis	4,036	4,036
Available-for-sale Debt Securities Gross Unrealized Gain	82	74
Available-for-sale Debt Securities, Gross Unrealized Loss	204	278
Fixed maturities, available-for-sale	3,914	3,832
COMMON STOCK	'	'
Available For Sale Equity Securities Amortized Cost Basis	7,517	7,517
Available-for-sale Equity Securities, Gross Unrealized Gain	450	328
Available-for-sale Equity Securities, Gross Unrealized Loss	87	70
Equity securities, available-for-sale	7,880	7,775
Nonredeemable Preferred Stock	'	'
Available For Sale Equity Securities Amortized Cost Basis	4,004	4,004
Available-for-sale Equity Securities, Gross Unrealized Gain	111	58
Available-for-sale Equity Securities, Gross Unrealized Loss	'	34
Equity securities, available-for-sale	$4,115	$4,028

Note_3_Investment_Securities_I1

Note 3. Investment Securities: Investments Classified by Contractual Maturity Date (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Details	'	'
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis	$28,453	'
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value	28,451	'
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Amortized Cost Basis	43,264	'
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Fair Value	43,147	'
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Amortized Cost Basis	199,697	'
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Fair Value	196,073	'
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Amortized Cost Basis	249,093	'
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Fair Value	245,682	'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	22,508	'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	21,741	'
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	543,015	'
Fixed maturities, available-for-sale	$535,094	$542,287

Note_3_Investment_Securities_A1

Note 3. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	$276,836	$335,792
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	8,514	14,937
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	85,628	63,529
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	4,742	5,132
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	362,464	399,321
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	13,256	20,069
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	105	126
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	31	27
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	136	153
Domestic Corporate Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	101,907	124,531
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	2,689	5,340
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	36,883	21,070
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	2,297	2,127
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	138,790	145,601
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	4,986	7,467
Residential Mortgage Backed Securities Member	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	1,879	2,047
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	11	8
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,879	2,047
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	11	8
Commercial Mortgage Backed Securities	'	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	869	593
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	106	382
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	869	593
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	106	382
US Treasury Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	494	493
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	5	6
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	494	493
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	5	6
US Government-sponsored Enterprises Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	13,199	22,731
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	469	123
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5,288	5,360
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	198	217
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	18,487	28,091
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	667	340
US States and Political Subdivisions Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	135,318	149,704
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	3,634	7,312
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	37,068	32,983
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	1,788	2,065
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	172,386	182,687
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	5,422	9,377
Foreign Government Debt	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	18,472	27,587
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	1,415	1,766
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5,520	3,523
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	353	341
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	23,992	31,110
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	1,768	2,107
Redeemable Preferred Stock	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,558	3,485
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	204	278
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,558	3,485
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	204	278
Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	274,827	330,578
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	8,427	14,833
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	85,628	63,529
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	4,742	5,132
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	360,455	394,107
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	13,169	19,965
COMMON STOCK	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	2,009	2,589
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	87	70
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	2,009	2,589
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	87	70
Equity Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	2,009	5,214
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	87	104
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	2,009	5,214
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	87	104
Nonredeemable Preferred Stock	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	'	2,625
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	'	34
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	'	2,625
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	'	$34

Note_3_Investment_Securities_R1

Note 3. Investment Securities: Realized Gain (Loss) on Investments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	$2,186	$4,564
Trading Securities, Realized Gain (Loss)	5	36
Other Realized Gain (Loss) Excluding Other Than Temporary Impairments	-709	-239
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments	1,482	4,361
Trading Securities, Change in Unrealized Holding Gain (Loss)	69	258
Marketable Securities, Unrealized Gain (Loss), Excluding Other than Temporary Impairments	69	258
Net realized investment gains	1,551	4,619
Debt Securities	'	'
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	2,186	4,451
Preferred Stock	'	'
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	'	$113

Note_3_Investment_Securities_D

Note 3. Investment Securities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
			Collateralized Mortgage Backed Securities	Collateralized Mortgage Backed Securities
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$97,550	$96,359	'	'
Available-for-sale Securities, Gross Realized Gains	2,605	4,632	'	'
Available-for-sale Securities, Gross Realized Losses	419	68	'	'
Accumulated Other Comprehensive Income (Loss), Other than Temporary Impairment, Not Credit Loss, Net of Tax, Available-for-sale, Debt Securities	'	'	$335	$335

Note_3_Investment_Securities_O1

Note 3. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Details	'	'	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$473	$473	$1,976	$1,976
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$473	$473	$1,976	$1,976

Note_4_Cash_Flow_Hedge_Details

Note 4. Cash Flow Hedge (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
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	6,000
Derivative Fixed Interest Rate	1.60%	1.60%
Derivative Liability, Fair Value, Gross Liability	186	204
Interest Rate Swap | Accounts Payable and Accrued Liabilities	'	'
Derivative Liability, Fair Value, Gross Liability	186	204

Note_5_Fair_Value_Disclosures_5

Note 5. Fair Value Disclosures: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fixed maturities, available-for-sale	$535,094	$542,287
Equity securities, available-for-sale	11,995	11,803
Trading securities	10,594	7,125
Assets, Fair Value Disclosure	557,683	561,215
Interest Rate Swap	'	'
Derivative Liability, Fair Value, Gross Liability	186	204
Domestic Corporate Debt Securities	'	'
Fixed maturities, available-for-sale	203,690	209,260
Residential Mortgage Backed Securities Member	'	'
Fixed maturities, available-for-sale	2,256	2,457
Commercial Mortgage Backed Securities	'	'
Fixed maturities, available-for-sale	869	593
US Treasury Securities	'	'
Fixed maturities, available-for-sale	15,803	15,861
US Government Agencies Debt Securities	'	'
Fixed maturities, available-for-sale	80	83
US Government-sponsored Enterprises Debt Securities	'	'
Fixed maturities, available-for-sale	18,536	28,148
US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	254,311	249,703
Foreign Government Debt	'	'
Fixed maturities, available-for-sale	35,635	32,350
Redeemable Preferred Stock	'	'
Fixed maturities, available-for-sale	3,914	3,832
COMMON STOCK	'	'
Equity securities, available-for-sale	7,880	7,775
Nonredeemable Preferred Stock	'	'
Equity securities, available-for-sale	4,115	4,028
Equity Securities	'	'
Trading Securities, Equity	10,594	7,125
Fair Value, Inputs, Level 1	'	'
Fixed maturities, available-for-sale	3,914	3,832
Equity securities, available-for-sale	11,995	11,803
Trading securities	10,594	7,125
Assets, Fair Value Disclosure	26,503	22,760
Fair Value, Inputs, Level 1 | Redeemable Preferred Stock	'	'
Fixed maturities, available-for-sale	3,914	3,832
Fair Value, Inputs, Level 1 | COMMON STOCK	'	'
Equity securities, available-for-sale	7,880	7,775
Fair Value, Inputs, Level 1 | Nonredeemable Preferred Stock	'	'
Equity securities, available-for-sale	4,115	4,028
Fair Value, Inputs, Level 1 | Equity Securities	'	'
Trading Securities, Equity	10,594	7,125
Fair Value, Inputs, Level 2	'	'
Fixed maturities, available-for-sale	527,901	535,421
Assets, Fair Value Disclosure	527,901	535,421
Fair Value, Inputs, Level 2 | Interest Rate Swap	'	'
Derivative Liability, Fair Value, Gross Liability	186	204
Fair Value, Inputs, Level 2 | Domestic Corporate Debt Securities	'	'
Fixed maturities, available-for-sale	203,690	209,260
Fair Value, Inputs, Level 2 | Residential Mortgage Backed Securities Member	'	'
Fixed maturities, available-for-sale	2,256	2,457
Fair Value, Inputs, Level 2 | US Treasury Securities	'	'
Fixed maturities, available-for-sale	15,803	15,861
Fair Value, Inputs, Level 2 | US Government Agencies Debt Securities	'	'
Fixed maturities, available-for-sale	80	83
Fair Value, Inputs, Level 2 | US Government-sponsored Enterprises Debt Securities	'	'
Fixed maturities, available-for-sale	18,536	28,148
Fair Value, Inputs, Level 2 | US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	251,901	247,262
Fair Value, Inputs, Level 2 | Foreign Government Debt	'	'
Fixed maturities, available-for-sale	35,635	32,350
Fair Value, Inputs, Level 3	'	'
Fixed maturities, available-for-sale	3,279	3,034
Assets, Fair Value Disclosure	3,279	3,034
Fair Value, Inputs, Level 3 | Commercial Mortgage Backed Securities	'	'
Fixed maturities, available-for-sale	869	593
Fair Value, Inputs, Level 3 | US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	$2,410	$2,441

Note_5_Fair_Value_Disclosures_6

Note 5. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$3,034	$17,181
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	260	-1,309
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	15	468
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3,279	12,860
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	'	4,034
Net realized investment gains	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	'	1,490
Commercial Mortgage Backed Securities	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	593	570
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	276	6
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	869	576
US States and Political Subdivisions Debt Securities	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,441	2,558
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-16	-23
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	15	6
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,410	2,529
Residential Mortgage Backed Securities Member	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	'	14,053
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	'	-1,292
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	'	462
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	'	9,755
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	'	4,034
Residential Mortgage Backed Securities Member | Net realized investment gains	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	'	$1,490

Note_5_Fair_Value_Disclosures_7

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Funds on deposit	$274,090	$274,826
Estimate of Fair Value, Fair Value Disclosure | Fair Value, Inputs, Level 2	'	'
Policy Loans Receivable	13,914	14,177
Funds on deposit	274,038	274,773
Long-term Debt	44,146	44,146
Carrying (Reported) Amount, Fair Value Disclosure	'	'
Policy Loans Receivable	11,116	11,328
Funds on deposit	274,090	274,826
Long-term Debt	$44,146	$44,146

Note_6_Goodwill_and_Other_Inta3

Note 6. Goodwill and Other Intangible Assets (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Goodwill	$50,318	'	$50,318
Amortization of Intangible Assets	679	802	'
Other Assets	'	'	'
Intangible Assets, Net (Excluding Goodwill)	$14,088	'	$14,767

Note_6_Goodwill_and_Other_Inta4

Note 6. Goodwill and Other Intangible Assets: Schedule of Finite-Lived Intangible Assets (Details) (Customer Relationships, USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Customer Relationships	'	'
Finite-Lived Intangible Assets, Gross	$22,725	$22,725
Finite-Lived Intangible Assets, Accumulated Amortization	$16,614	$15,935

Note_6_Goodwill_and_Other_Inta5

Note 6. Goodwill and Other Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Details) (Licensing Agreements, USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Licensing Agreements	'	'
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$7,977	$7,977

Note_7_Income_Taxes_Details

Note 7. Income Taxes (Details) (AMICSubsidiariesMember, USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Deferred Tax Assets, Net of Valuation Allowance	$10,370		$10,689
Domestic Tax Authority	'		'
Operating Loss Carryforwards	$265,229	[1]	'
[1]	Which expire in varying amounts through the year 2028, a significant portion expires in 2020.

Note_8_Accumulated_Other_Compr3

Note 8. Accumulated Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Accumulated other comprehensive income (loss)	($10,472)	$15,013
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	6,628	1,462
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	979	2,975
Other comprehensive income (loss), net of tax	5,649	-1,513
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-131	91
Accumulated other comprehensive income (loss)	-4,954	13,627
Unrealized Gains/Losses Purchased from Noncontrolling Interests	'	36
Accumulated Net Unrealized Investment Gain (Loss)	'	'
Accumulated other comprehensive income (loss)	-10,350	15,231
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	6,618	1,448
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	979	2,975
Other comprehensive income (loss), net of tax	5,639	-1,527
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-131	91
Accumulated other comprehensive income (loss)	-4,842	13,831
Unrealized Gains/Losses Purchased from Noncontrolling Interests	'	36
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	'	'
Accumulated other comprehensive income (loss)	-122	-218
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	10	14
Other comprehensive income (loss), net of tax	10	14
Accumulated other comprehensive income (loss)	($112)	($204)

Note_8_Accumulated_Other_Compr4

Note 8. Accumulated Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net realized investment gains	$1,551	$4,619
Income (loss) from continuing operations before income taxes	5,865	7,615
Income taxes (benefits)	1,860	2,575
Net income (loss)	4,005	5,040
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss)	'	'
Net realized investment gains	1,477	4,326
Income (loss) from continuing operations before income taxes	1,477	4,326
Income taxes (benefits)	498	1,351
Net income (loss)	$979	$2,975

Note_9_Sharebased_Compensation5

Note 9. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Details)	3 Months Ended
	Mar. 31, 2014
Independence Holding Company Share Based Plans Total Member | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years
Independence Holding Company Share Based Plans Total Member | Restricted Stock Units (RSUs)	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years
Independence Holding Company Share Based Plans Total Member | Minimum | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'5 years
Independence Holding Company Share Based Plans Total Member | Maximum | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'10 years
American Independence Corp Share Based Plans Total Member | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'10 years
American Independence Corp Share Based Plans Total Member | Restricted Stock Units (RSUs)	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years
American Independence Corp Share Based Plans Total Member | Minimum | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years
American Independence Corp Share Based Plans Total Member | Maximum | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'4 years

Note_9_Sharebased_Compensation6

Note 9. Share-based Compensation (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Independence Holding Company Share Based Plans Total Member	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	384,139	'
Independence Holding Company Share Based Plans Total Member | Employee Stock Option	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	616,858	616,858
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.35	$9.35
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options	$254	'
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period For Recognition 1	'1 year	'
Independence Holding Company Share Based Plans Total Member | Restricted Stock Units (RSUs)	'	'
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period For Recognition 1	'1 year 7 months 6 days	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	14,850	14,850
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$10.60	$10.60
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options	98	'
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs)	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	251,800	251,800
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs) | Accounts Payable and Accrued Liabilities	'	'
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent	1,226	1,307
American Independence Corp Share Based Plans Total Member | Employee Stock Option	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	173,283	222,285
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$10.74	$11.46
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options	$47	'

Note_9_Sharebased_Compensation7

Note 9. Share-based Compensation: Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Independence Holding Company Share Based Plans Total Member	'	'
Allocated Share-based Compensation Expense	$4	$120
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	1	48
Allocated Share-based Compensation Expense, Net of Tax	3	72
Independence Holding Company Share Based Plans Total Member | Employee Stock Option	'	'
Allocated Share-based Compensation Expense	66	13
Independence Holding Company Share Based Plans Total Member | Restricted Stock Units (RSUs)	'	'
Allocated Share-based Compensation Expense	19	13
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs)	'	'
Allocated Share-based Compensation Expense	-81	99
Independence Holding Company Share Based Plans Total Member | Performance Shares	'	'
Allocated Share-based Compensation Expense	'	-5
American Independence Corp Share Based Plans Total Member	'	'
Allocated Share-based Compensation Expense	12	8
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	4	3
Allocated Share-based Compensation Expense, Net of Tax	8	5
American Independence Corp Share Based Plans Total Member | Employee Stock Option	'	'
Allocated Share-based Compensation Expense	$12	$8

Note_9_Sharebased_Compensation8

Note 9. Share-based Compensation: Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable (Details) (Employee Stock Option, USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014
Independence Holding Company Share Based Plans Total Member	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	616,858
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	534,358
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$9.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price	$9.25
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$2,513
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	2,230
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	'1 year 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, 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, Vested and Expected to Vest, Outstanding, Number	173,283
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	158,838
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$10.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price	$11.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	288
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$228
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	'3 years 3 months 14 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	'2 years 9 months 18 days

Note_9_Sharebased_Compensation9

Note 9. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) (American Independence Corp Share Based Plans Total Member, Employee Stock Option, USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
American Independence Corp Share Based Plans Total Member | Employee Stock Option	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	222,285	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$10.74	$11.46
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	49,002	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$14.01	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	173,283	'

Note_10_Supplemental_Disclosur1

Note 10. Supplemental Disclosures of Cash Flow Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Details	'	'
Income Taxes Paid (Refunds), Net	$229	($1,611)
Interest Paid	$464	$488

Note_11_Commitments_and_Contin1

Note 11. Commitments and Contingencies (Details) (USD $)	1 Months Ended		1 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Mar. 31, 2014	Apr. 30, 2014
			LossContingencyAccrualPaymentMember
Loss Contingency, Settlement Agreement, Terms	'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 accrued $1,541,000 in return of premium reserves (net of recoveries). The Company terminated the MGU that produced this business in 2008. In April 2014, the amount was paid in full representing final refund of premium.	'	'
Loss Contingency Accrual	'	$1,541	'
Subsequent Event, Description	'	'	'In April 2014, the amount was paid in full representing final refund of premium.

Note_12_Segment_Reporting_Sche1

Note 12. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
TOTAL REVENUES	$141,072	$137,882
Income (loss) from continuing operations before income taxes	5,865	7,615
Segment Reconciling Items | Net realized investment gains	'	'
TOTAL REVENUES	1,551	4,619
Income (loss) from continuing operations before income taxes	1,551	4,619
Segment Reconciling Items | Interest Expense	'	'
Income (loss) from continuing operations before income taxes	-481	-487
Medical Stop-Loss Segment Member	'	'
TOTAL REVENUES	47,588	42,122
Income (loss) from continuing operations before income taxes	4,738	3,016
Fully Insured Segment Member	'	'
TOTAL REVENUES	66,539	63,683
Income (loss) from continuing operations before income taxes	1,908	-332
Group disability, life annuities and DBL Segment Member	'	'
TOTAL REVENUES	16,427	14,474
Income (loss) from continuing operations before income taxes	1,177	1,576
Individual life annuities and other Segment Member	'	'
TOTAL REVENUES	8,938	12,947
Income (loss) from continuing operations before income taxes	-1,109	382
Corporate	'	'
TOTAL REVENUES	29	37
Income (loss) from continuing operations before income taxes	($1,919)	($1,159)

Note_12_Segment_Reporting_Deta

Note 12. Segment Reporting (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Amortization of Intangible Assets	$679	$802
Fully Insured Segment Member	'	'
Amortization of Intangible Assets	$492	$602