Independence Holding (IHC) 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Nov. 03, 2014	Jun. 30, 2014
Document and Entity Information	'	'	'
Entity Registrant Name	'Independence Holding Company	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Sep-14	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0000701869	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	17,371,040	'
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	'Q3	'	'
Entity Public Float	'	'	$107,255

INDEPENDENCE_HOLDING_COMPANY_C

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (September 30, 2014 Unaudited) (USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Investments:	'		'
Short-term investments	$50		$50
Securities purchased under agreements to resell	16,413		22,594
Trading securities	11,370		7,125
Fixed maturities, available-for-sale	566,612		542,287
Equity securities, available-for-sale	13,121		11,803
Other investments	26,406		25,123
Total investments	633,972		608,982
Cash and cash equivalents	18,215		24,229
Deferred acquisition costs	30,302		29,777
Due and unpaid premiums	61,820		59,435
Due from reinsurers	280,023		380,229
Premium and claim funds	39,509		37,353
Goodwill	50,318		50,318
Other assets	54,244		78,712
TOTAL ASSETS	1,168,403		1,269,035
LIABILITIES:	'		'
Policy benefits and claims	227,877		237,754
Future policy benefits	277,878		287,449
Funds on deposit	194,140		274,826
Unearned premiums	8,731		12,423
Other policyholders' funds	19,244		25,129
Due to reinsurers	37,999		37,113
Accounts payable, accruals and other liabilities	66,274		71,889
Debt	4,000		6,000
Junior subordinated debt securities	38,146		38,146
TOTAL LIABILITIES	874,289		990,729
IHC STOCKHOLDERS' EQUITY:	'		'
Preferred stock	'	[1]	'	[1]
Common Stock	18,531	[2],[3]	18,524	[2],[4]
Paid-in capital	126,999		126,239
Accumulated other comprehensive income (loss)	-3,195		-10,472
Treasury stock, at cost	-12,141	[5]	-8,169	[6]
Retained earnings	154,256		142,669
TOTAL IHC STOCKHOLDERS' EQUITY	284,450		268,791
NONCONTROLLING INTERESTS IN SUBSIDIARIES	9,664		9,515
TOTAL EQUITY	294,114		278,306
TOTAL LIABILITIES AND EQUITY	$1,168,403		$1,269,035
[1]	None issued.
[2]	$1.00 par value.
[3]	23,000,000 shares authorized, 18,531,158 shares issued and 17,371,040 shares outstanding.
[4]	23,000,000 shares authorized, 18,523,733 shares issued and 17,660,390 shares outstanding.
[5]	1,160,118 treasury shares
[6]	863,343 treasury shares

INDEPENDENCE_HOLDING_COMPANY_C1

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (September 30, 2014 Unaudited) (USD $)	Sep. 30, 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	18,531,158	18,523,733
Common Stock, shares outstanding	17,371,040	17,660,390
Treasury Stock, shares	1,160,118	863,343

INDEPENDENCE_HOLDING_COMPANY_C2

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES:	'	'	'	'
Premiums earned	$117,705	$125,174	$362,110	$368,007
Net investment income	5,439	6,841	16,674	21,844
Fee income	4,813	6,290	18,013	18,871
Other income	951	922	3,132	3,933
Net realized investment gains	844	2,417	6,914	18,771
TOTAL REVENUES	129,752	141,644	406,843	431,426
EXPENSES:	'	'	'	'
Insurance benefits, claims and reserves	74,916	88,177	243,488	262,913
Selling, general and administrative expenses	44,916	45,597	137,998	133,339
Amortization of deferred acquisition costs	1,416	1,404	3,887	13,792
Interest expense on debt	539	470	1,357	1,447
TOTAL EXPENSES	121,787	135,648	386,730	411,491
Income (loss) before income taxes	7,965	5,996	20,113	19,935
Income taxes (benefits)	3,141	2,080	7,404	6,821
Net income (loss)	4,824	3,916	12,709	13,114
(Income) loss from noncontrolling interests in subsidiaries	-114	-277	-450	-1,083
NET INCOME (LOSS) ATTRIBUTABLE TO IHC	$4,710	$3,639	$12,259	$12,031
Basic income (loss) per common share	$0.27	$0.21	$0.70	$0.68
WEIGHTED AVERAGE SHARES OUTSTANDING	17,410	17,683	17,505	17,784
Diluted income (loss) per common share	$0.27	$0.21	$0.69	$0.67
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING	17,578	17,735	17,665	17,890

INDEPENDENCE_HOLDING_COMPANY_C3

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
STATEMENT OF COMPREHENSIVE INCOME	'	'	'	'
Net income (loss)	$4,824	$3,916	$12,709	$13,114
Unrealized gains (losses) on available-for-sale securities	-2,348	-3,969	10,672	-31,965
Tax (benefit) on unrealized gains (losses) on available-for-sale securities	-550	-1,454	3,327	-10,359
Unrealized gains (losses) on available-for-sale securities, net of tax	-1,798	-2,515	7,345	-21,606
Unrealized gains (losses) on cash flow hedge, pre-tax	69	97	107	142
Tax (benefit) on unrealized gains (losses) on cash flow hedge	28	39	43	57
Unrealized gains (losses) on cash flow hedge, net of taxes	41	58	64	85
Other comprehensive income (loss), net of tax	-1,757	-2,457	7,409	-21,521
Comprehensive income (loss), net of tax	3,067	1,459	20,118	-8,407
(Income) loss from noncontrolling interests in subsidiaries	-114	-277	-450	-1,083
Net unrealized (gains) losses on available-for-sale securities, net of tax, attributable to noncontrolling interests	81	-6	-132	550
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	81	-6	-132	550
Comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-33	-283	-582	-533
Comprehensive income (loss), net of tax, attributable to IHC	$3,034	$1,176	$19,536	($8,940)

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)	'	'	'	'	12,259	12,259	450	12,709
Other comprehensive income (loss), net of tax	'	'	7,277	'	'	7,277	132	7,409
Repurchases of common stock	'	'	'	-3,972	'	-3,972	'	-3,972
Common stock dividend	'	'	'	'	-613	-613	'	-613	[1]
Share-based compensation and related tax effects	7	669	'	'	'	676	'	676
Distributions to noncontrolling interests	'	'	'	'	'	'	-472	-472
Other capital transactions	'	91	'	'	-59	32	39	71
Stockholders Equity at Sep. 30, 2014	$18,531	$126,999	($3,195)	($12,141)	$154,256	$284,450	$9,664	$294,114
[1]	$0.035 per share

INDEPENDENCE_HOLDING_COMPANY_C5

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2014
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY	'
Common stock dividends declared, per share	$0.04

INDEPENDENCE_HOLDING_COMPANY_C6

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:	'	'
Net income (loss)	$12,709	$13,114
Adjustments to reconcile net income to net change in cash from operating activities:	'	'
Amortization of deferred acquisition costs	3,887	13,792
Net realized investment gains	-6,914	-18,771
Equity income from equity method investments	-1,030	-2,150
Depreciation and amortization	2,971	3,483
Share-based compensation expense	594	956
Deferred tax expense (benefits)	4,146	3,891
Other adjustments to reconcile net income	6,605	3,689
Changes in assets and liabilities:	'	'
Net sales (purchases) of trading securities	-4,501	1,747
Change in insurance liabilities	-106,540	27,441
(Additions) reductions to deferred acquisition costs, net	-4,551	-4,382
Change in amount due from reinsurers	100,206	-210,922
Change in premium and claim funds	-2,156	-199
Change in current income tax liability	5,110	2,761
Change in due and unpaid premiums	-2,385	-8,913
Change in other assets	3,842	-196
Change in other liabilities	-6,344	1,326
Net change in cash from operating activities	5,649	-173,333
CASH FLOWS PROVIDED BY (USED BY) INVESTING ACTIVITIES:	'	'
Net sales (purchases) of securities under resale and repurchase agreements	6,181	-80
Sales of equity securities	288	10,029
Purchases of equity securities	-1,228	'
Sales of fixed maturities	295,964	518,399
Maturities and other repayments of fixed maturities	32,993	44,692
Purchases of fixed maturities	-338,639	-413,937
Other investing activites	2,681	16,724
Net change in cash from investing activities	-1,760	175,827
CASH FLOWS PROVIDED BY (USED BY) FINANCING ACTIVITIES:	'	'
Payments for repurchases of common stock	-3,953	-2,898
Cash paid in acquisitions of noncontrolling interests	'	-1,199
Proceeds (withdrawals) of investment-type insurance contracts	-2,286	-2,342
Repayment of long-term debt	-2,000	-2,000
Dividends paid	-1,233	-620
Proceeds from exercise of stock options	'	400
Other financing activities	-431	-945
Net change in cash from financing activities	-9,903	-9,604
Net change in cash and cash equivalents	-6,014	-7,110
Cash and cash equivalents, beginning of period	24,229	23,945
Cash and cash equivalents, end of period	$18,215	$16,835

Note_1_Organization_Consolidat

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies	9 Months Ended
	Sep. 30, 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 52.7% of IHC's outstanding common stock at September 30, 2014.
	(B)       Consolidation
	American Independence Corp.
	The Company owned approximately 90% of the outstanding common stock of American Independence Corp. ("AMIC") at both September 30, 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 and nine months ended September 30, 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 is being amortized ratably over the calendar year to selling, general and administrative expense in the Condensed Consolidated Statement of Income. Upon final assessment in June 2014, the Company increased its gross liability for the mandated fees payable to the Federal Government to $1,816,000.
	Recently Issued Accounting Standards Not Yet Adopted
	In June 2014, the FASB issued explicit guidance for entities that grant their employees share-based payments in which the terms of the award include a performance target that affects vesting and could be achieved after the requisite service period.  This guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Earlier adoption is permitted. The guidance may be applied either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.
	In May 2014, the FASB issued revenue recognition guidance for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards such as insurance contracts or lease contracts. The amendment provides specific steps that an entity should apply in order to achieve its main objective which is recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and requires one of two specified retrospective methods of application. Early application is prohibited. Management has not yet determined the impact that the adoption of this guidance will have on the Company’s consolidated financial statements.
	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	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 2. Income Per Common Share	'
	Note 2.                        Income Per Common Share
	Diluted earnings per share was computed using the treasury stock method and includes incremental common shares, primarily from the dilutive effect of share-based payment awards,  amounting to 168,000 and 160,000 shares for the three months and nine months ended September 30, 2014, respectively, and 52,000 and 106,000 shares for the three months and nine months ended September 30, 2013, respectively.

Note_3_Investment_Securities

Note 3. Investment Securities	9 Months Ended
	Sep. 30, 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):
			September 30, 2014
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	244,113	$	410	$	(4,692)	$	239,831
	CMOs - residential (1)		3,158		20		(13)		3,165
	CMOs - commercial		975		-		(51)		924
	U.S. Government obligations		22,760		25		-		22,785
	Agency MBS - residential (2)		69		3		-		72
	GSEs (3)		16,505		12		(150)		16,367
	States and political subdivisions		234,610		2,560		(3,017)		234,153
	Foreign government obligations		45,724		168		(694)		45,198
	Redeemable preferred stocks		4,036		100		(19)		4,117
	Total fixed maturities	$	571,950	$	3,298	$	(8,636)	$	566,612
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	8,452	$	700	$	(145)	$	9,007
	Nonredeemable preferred stocks		4,004		113		(3)		4,114
	Total equity securities	$	12,456	$	813	$	(148)	$	13,121
			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 September 30, 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		$	15,306		$	15,162
	Due after one year through five years			87,574			87,064
	Due after five years through ten years			219,861			217,224
	Due after ten years			229,530			227,660
	CMOs and MBSs			19,679			19,502
			$	571,950		$	566,612
	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):
			30-Sep-14
			Less than 12 Months						12 Months or Longer				Total
			Fair			Unrealized			Fair		Unrealized		Fair		Unrealized
			Value			Losses			Value		Losses		Value		Losses
	Corporate securities	$	107,877		$	1,754		$	83,832	$	2,938	$	191,709	$	4,692
	CMO’s  - residential		1,657			13			-		-		1,657		13
CMOs - commercial		-			-			924		51		924		51
GSEs		9,164			80			2,516		70		11,680		150
States and political subdivisions		59,372			627			95,235		2,390		154,607		3,017
Foreign government obligations		21,238			187			18,499		507		39,737		694
Redeemable preferred stocks		3,743			19			-		-		3,743		19
Total fixed maturities		203,051			2,680			201,006		5,956		404,057		8,636
Common stocks		2,610			145			-		-		2,610		145
Nonredeemable preferred stocks		1,407			3			-		-		1,407		3
Total equity securities		4,017			148			-		-		4,017		148
Total temporarily impaired
securities	$	207,068		$	2,828		$	201,006	$	5,956	$	408,074	$	8,784
Number of securities in an
unrealized loss position		76						65				141
		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 government obligations		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 September 30, 2014 and December 31, 2013 relate to investment grade securities and are attributable to changes in market interest rates. Because the Company does not intend to sell, nor is it more likely than not that the Company will have to sell such investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at September 30, 2014.
Net realized investment gains (losses) are as follows for periods indicated (in thousands):
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Sales of available-for-sale securities:
Fixed maturities	$	1,641	$	2,045	$	7,709	$	18,321
Preferred stocks		-		-		(5)		177
Total sales of available-for-sale securities		1,641		2,045		7,704		18,498
Sales of trading securities		321		744		351		1,129
Other gains (losses)		(108)		(199)		(683)		(853)
Total realized gains (losses)		1,854		2,590		7,372		18,774
Unrealized gains (losses) on trading securities:
Change in unrealized gains (losses) on trading securities		(1,010)		(173)		(458)		(3)
Total unrealized gains (losses)  on trading securities		(1,010)		(173)		(458)		(3)
Net realized investment gains (losses)	$	844	$	2,417	$	6,914	$	18,771
For the three months and nine months ended September 30, 2014, proceeds from sales of available-for-sale securities were $71,845,000 and $297,372,000, respectively, and the Company realized gross gains of $1,794,000 and $8,398,000, respectively, and gross losses of $153,000  and $694,000, respectively, as a result of those sales. For the three months and nine months ended September 30, 2013, proceeds from sales of available-for-sale securities were $57,418,000 and $528,428,000, respectively, and the Company realized gross gains of $2,324,000 and $21,060,000, respectively, and gross losses of $279,000 and $2,562,000, respectively, 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				Nine Months Ended
		September 30,				September 30,
		2014		2013		2014		2013
Balance at beginning of year	$	473	$	563	$	473	$	1,976
Additional credit losses for which an other-than-
temporary loss was previously recognized		-		-		-		-
Securities sold		-		-		-		(1,413)
Balance at end of period	$	473	$	563	$	473	$	563
The after-tax portion of other-than-temporary impairments included in accumulated other comprehensive income (loss) at both September 30, 2014 and December 31, 2013 consists of $335,000 related to CMO securities.

Note_4_Cash_Flow_Hedge

Note 4. Cash Flow Hedge	9 Months Ended
	Sep. 30, 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 ($4,000,000 and $6,000,000 at September 30, 2014 and December 31, 2013, repectively), under which the Company receives a variable rate equal to the rate on the debt and pays a fixed rate (1.60%) in order to manage the risk in overall changes in cash flows attributable to forecasted interest payments. As a result of the interest rate swap, interest payments on this debt are fixed at 4.95%. There was no hedge ineffectiveness on this interest rate swap which was accounted for as a cash flow hedge. At September 30, 2014 and December 31, 2013, the fair value of interest rate swap was $97,000 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	9 Months Ended
	Sep. 30, 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):
			30-Sep-14
			Level 1			Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-		$	239,831	$	-	$	239,831
	CMOs - residential		-			3,165		-		3,165
	CMOs - commercial		-			-		924		924
	US Government obligations		-			22,785		-		22,785
	Agency MBS - residential		-			72		-		72
	GSEs		-			16,367		-		16,367
	States and political subdivisions		-			231,806		2,347		234,153
	Foreign government obligations		-			45,198		-		45,198
	Redeemable preferred stocks		4,117			-		-		4,117
	Total fixed maturities		4,117			559,224		3,271		566,612
	Equity securities available-for-sale:
	Common stocks		9,007			-		-		9,007
	Nonredeemable preferred stocks		4,114			-		-		4,114
	Total equity securities		13,121			-		-		13,121
	Trading securities - equities		11,370			-		-		11,370
	Total trading securities		11,370			-		-		11,370
	Total Financial Assets	$	28,608		$	559,224	$	3,271	$	591,103
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-		$	97	$	-	$	97
			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 September 30, 2014
							States and
				CMOs		Political
				Commercial		Subdivisions		Total
Beginning balance			$	906	$	2,379	$	3,285
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)				18		(14)		4
Repayments and amortization of fixed maturities				-		(18)		(18)
Balance at end of period			$	924	$	2,347	$	3,271
		Three Months Ended September 30, 2013
		CMOs				States and
						Political
		Residential		Commercial		Subdivisions		Total
Beginning balance	$	4,370	$	571	$	2,501	$	7,442
Gains (losses) included in earnings:
Net realized investment gains		1,882		-		-		1,882
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		(2,140)		1		(18)		(2,157)
Sales of securities		(2,343)		-		-		(2,343)
Repayments and amortization of fixed maturities		(220)		-		(10)		(230)
Balance at end of period	$	1,549	$	572	$	2,473	$	4,594
				Nine Months Ended September 30, 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)				331		(45)		286
Repayments and amortization of fixed maturities				-		(49)		(49)
Balance at end of period			$	924	$	2,347	$	3,271
		Nine Months Ended September 30, 2013
		CMOs				States and
						Political
		Residential		Commercial		Subdivisions		Total
Beginning balance	$	14,053	$	570	$	2,558	$	17,181
Gains (losses) included in earnings:
Net realized investment gains		6,517		-		-		6,517
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		(6,389)		2		(60)		(6,447)
Sales of securities		(11,663)		-		-		(11,663)
Repayments and amortization of fixed maturities		(969)		-		(25)		(994)
Balance at end of period	$	1,549	$	572	$	2,473	$	4,594
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):
		30-Sep-14					31-Dec-13
		Level 2					Level 2
		Fair			Carrying		Fair			Carrying
		Value			Value		Value			Value
FINANCIAL ASSETS:
Policy loans	$	13,369		$	10,680	$	14,177		$	11,328
FINANCIAL LIABILITIES:
Funds on deposit	$	194,091		$	194,140	$	274,773		$	274,826
Debt and junior subordinated
debt securities	$	42,146		$	42,146	$	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	9 Months Ended
	Sep. 30, 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 September 30, 2014 and December 31, 2013.
	The Company has net other intangible assets of $12,756,000 and $14,767,000 at September 30, 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):
			30-Sep-14				31-Dec-13
			Gross				Gross
			Carrying		Accumulated		Carrying		Accumulated
			Amount		Amortization		Amount		Amortization
	Finite-lived Intangible Assets:
	Agent and broker relationships	$	22,725	$	17,946	$	22,725	$	15,935
							September 30,		December 31,
							2014		2013
	Indefinite-lived Intangible Assets:
	Insurance licenses					$	7,977	$	7,977
	Amortization expense was $653,000 and $2,011,000 for the three months and nine months ended September 30, 2014, respectively, and was $807,000 and $2,443,000 for the three months and nine months ended September 30, 2013.

Note_7_Debt

Note 7. Debt	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 7. Debt	'
	Note 7.                        Debt
	In July 2014, the Company made a $2,000,000 principal debt repayment in accordance with the terms of its amortizing term note.

Note_8_Income_Taxes

Note 8. Income Taxes	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 8. Income Taxes	'
	Note 8.                       Income Taxes
	The provisions for income taxes shown in the Condensed Consolidated Statements of Income were computed based on the Company's actual results, which approximate the effective tax rate expected to be applicable for the balance of the current fiscal year in accordance with consolidated life/non-life group income tax regulations. Such regulations adopt a subgroup method in determining consolidated taxable income, whereby taxable income is determined separately for the life insurance company group and the non-life insurance company group.
	At September 30, 2014, AMIC had net operating loss carryforwards of approximately $261,691,000 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 $8,857,000 and $10,689,000 at September 30, 2014 and December 31, 2013, respectively.

Note_9_Accumulated_Other_Compr

Note 9. Accumulated Other Comprehensive Income (loss)	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 9. Accumulated Other Comprehensive Income (loss)	'
	Note 9.                        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 September 30, 2014
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge			Total
	Beginning balance	$	(1,420)		$	(99)		$	(1,519)
	Other comprehensive income (loss) before reclassifications		(587)			41			(546)
	Amounts reclassified from accumulated OCI		(1,211)			-			(1,211)
	Net other comprehensive income (loss)		(1,798)			41			(1,757)
	Other comprehensive (income) loss attributable
	to noncontrolling interests		81			-			81
	Ending balance	$	(3,137)		$	(58)		$	(3,195)
			Three Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge			Total
	Beginning balance	$	(3,268)		$	(191)		$	(3,459)
	Other comprehensive income (loss) before reclassifications		(1,364)			58			(1,306)
	Amounts reclassified from accumulated OCI		(1,151)			-			(1,151)
	Net other comprehensive income (loss)		(2,515)			58			(2,457)
	Other comprehensive (income) loss attributable
	to noncontrolling interests		(6)			-			(6)
	Ending balance	$	(5,789)		$	(133)		$	(5,922)
			Nine Months Ended September 30, 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		12,177			64			12,241
	Amounts reclassified from accumulated OCI		(4,832)			-			(4,832)
	Net other comprehensive income (loss)		7,345			64			7,409
	Other comprehensive (income) loss attributable
	to noncontrolling interests		(132)			-			(132)
	Ending balance	$	(3,137)		$	(58)		$	(3,195)
			Nine Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge			Total
	Beginning balance	$	15,231		$	(218)		$	15,013
	Other comprehensive income (loss) before reclassifications		(9,908)			85			(9,823)
	Amounts reclassified from accumulated OCI		(11,698)			-			(11,698)
	Net other comprehensive income (loss)		(21,606)			85			(21,521)
	Other comprehensive (income) loss attributable
	to noncontrolling interests		550			-			550
	Acquired from noncontrolling interests		36			-			36
	Ending balance	$	(5,789)		$	(133)		$	(5,922)
	Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the periods indicated (in thousands):
			Three Months Ended				Nine months Ended
			September 30,				September 30,
			2014		2013		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	$	1,535	$	1,846	$	7,022	$	17,647
	Income before income tax		1,535		1,846		7,022		17,647
	Tax effect		324		695		2,190		5,949
	Net income	$	1,211	$	1,151	$	4,832	$	11,698

Note_10_Sharebased_Compensatio

Note 10. Share-based Compensation	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 10. Share-based Compensation	'
	Note 10.          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 are generally five years; and vesting periods are generally three years. 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 plans. 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 September 30, 2014, there were 377,286 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					Nine Months Ended
			September 30,					September 30,
			2014		2013			2014		2013
	IHC’s Share-based Compensation Plan:
	Stock options	$	66	$	53		$	603	$	143
	Restricted stock units		22		20			64		47
	SARs		(190)		363			(113)		741
	Performance awards		-		-			-		(5)
	Share-based compensation expense, pre-tax		(102)		436			554		926
	Tax benefits		(41)		174			221		369
	Share-based compensation expense, net	$	(61)	$	262		$	333	$	557
	Stock Options
	The Company’s stock option activity during 2014 was as follows:
			Shares		Weighted- Average
			Under Option		Exercise Price
	31-Dec-13		616,858		$	9.35
	Expired		-2,178			14.75
	30-Sep-14		614,680		$	9.33
	In May 2014, option agreements affecting 15 employees were modified to extend the expirations of their terms from 2015 to 2017 and as a result, the Company recorded incremental compensation costs of $405,000.
	The following table summarizes information regarding outstanding and exercisable options:
			30-Sep-14
			Outstanding		Exercisable
	Number of options		614,680		532,180
	Weighted average exercise price per share	$	9.33	$	9.23
	Aggregate intrinsic value for all options (in thousands)	$	2,469	$	2,192
	Weighted average contractual term remaining		2.6 years		2.4 years
	As of September 30, 2014, the total unrecognized compensation expense related to non-vested stock options was $121,000, which is expected to be recognized over the remaining requisite weighted-average service period of .5 years.
	Restricted Stock
	The following table summarizes restricted stock activity for the nine months ended September 30, 2014:
			No. of		Weighted-Average
			Non-vested		Grant-Date
			Shares		Fair Value
	31-Dec-13		14,850		$	10.6
	Granted		7,425			13.27
	Vested		(7,425)			10.3
	30-Sep-14		14,850		$	12.09
	IHC granted 7,425 shares of restricted stock awards during each of the nine months ended September 30, 2014 and 2013 with weighted average grant-date fair values of $13.27 and $11.66, respectively, per share. The total fair value of restricted stock that vested during each of the first nine months of 2014 and 2013 was $103,000 and $69,000, respectively.
	As of September 30, 2014, the total unrecognized compensation expense related to non-vested restricted stock unit awards was $152,000 which is expected to be recognized over the remaining requisite weighted-average service period of 2.0 years.
	SARs
	IHC had 247,950 and 251,800 of SAR awards outstanding at September 30, 2014 and December 31, 2013, respectively. Included in Other Liabilities in the Company’s Condensed Consolidated Balance Sheets at September 30, 2014 and December 31, 2013 are liabilities of $1,189,000 and $1,307,000, respectively, pertaining to SARs.
	B)        AMIC Share-Based Compensation Plans
	Under the terms of the AMIC’s stock-based compensation plan, option exercise prices are equal to the quoted market price of the shares at the date of grant; option terms are ten years; and vesting periods range from three to four years.  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				Nine Months Ended
				September 30,				September 30,
				2014		2013		2014		2013
	AMIC’s Share-based Compensation Plans:
	Stock options		$	13	$	13	$	40	$	30
	Share-based compensation expense, pre-tax			13		13		40		30
	Tax benefits			4		4		14		10
	Share-based compensation expense, net		$	9	$	9	$	26	$	20
	Stock Options
	AMIC’s stock option activity for the nine months ended September 30, 2014 is as follows:
			Shares		Weighted- Average
			Under Option		Exercise Price
	31-Dec-13		222,285		$	11.46
	Granted		13,334			10.8
	Exercised		(6,667)			4.87
Expired		(62,336)			14.58
30-Sep-14		166,616		$	10.5
The following table summarizes information regarding AMIC’s outstanding and exercisable options as of September 30, 2014:
		30-Sep-14
		Outstanding		Exercisable
Number of options		166,616		144,393
Weighted average exercise price per share	$	10.5	$	10.69
Aggregate intrinsic value for all options (in thousands)	$	266	$	227
Weighted average contractual term remaining		3.44 years		2.54 years
The fair value of an option award is estimated on the date of grant using the Black-Scholes option valuation model.  The weighted average grant-date fair-value of options granted during the nine months ended September 30, 2014 and 2013 was $5.70 and $4.04 per share, respectfully.  The assumptions set forth in the table below were used to value the stock options granted during the nine months ended September 30, 2014 and 2013:
		September 30,
		2014		2013
Weighted-average risk-free interest rate		2.72%		2.30%
Annual dividend rate per share		-		-
Weighted-average volatility factor of the Company's common stock		38.27%		45.00%
Weighted-average expected term of options		5 years		5 years
As of September 30, 2014, the total unrecognized compensation expense related to AMIC’s non-vested options was $95,000 which will be recognized over the remaining requisite service periods.

Note_11_Supplemental_Disclosur

Note 11. Supplemental Disclosures of Cash Flow Information	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 11. Supplemental Disclosures of Cash Flow Information	'
	Note 11.          Supplemental Disclosures of Cash Flow Information
	Net cash payments (receipts) for income taxes were $(2,598,000) and $(612,000) during the nine months ended September 30, 2014 and 2013.
	Cash payments for interest were $1,366,000 and $1,458,000 during the nine months ended September 30, 2014 and 2013, respectively.

Note_12_Commitments_and_Contin

Note 12. Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 12. Commitments and Contingencies	'
	Note 12.          Commitments and Contingencies
	On September 1, 2013, Madison National Life entered into an agreement with a former policyholder and accrued 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. In April 2014, the Company fulfilled its obligation under the terms of the agreement with a payment of $1,541,000 representing return of premium reserves (net of recoveries). The Company terminated the MGU that produced this business in 2008.

Note_13_Segment_Reporting

Note 13. Segment Reporting	9 Months Ended
	Sep. 30, 2014
Notes	'
Note 13. Segment Reporting	'
	Note 13.          Segment Reporting
	The Insurance Group principally engages in the life and health insurance business. Information by business segment is presented below for the periods indicated (in thousands):
			Three Months Ended				Nine Months Ended
			September 30,				30-Sep
			2014		2013		2014		2013
	Revenues:
	Medical Stop-Loss	$	45,734	$	42,043	$	138,821	$	127,833
	Fully  Insured Health(A)		57,412		71,778		184,839		203,896
	Group disability, life, annuities and DBL		16,948		15,842		50,091		46,685
	Individual life, annuities and other		8,764		9,542		26,049		34,162
	Corporate		50		22		129		79
			128,908		139,227		399,929		412,655
	Net realized investment gains		844		2,417		6,914		18,771
	Total revenues	$	129,752	$	141,644	$	406,843	$	431,426
	Income before income taxes:
	Medical Stop-Loss	$	6,339	$	3,404	$	15,730	$	9,836
	Fully Insured Health (A)		370		615		2,325		474
	Group disability, life, annuities and DBL		4,057		2,555		7,237		6,530
	Individual life, annuities and other (B)		(1,683)		(40)		(4,903)		(9,207)
	Corporate		(1,423)		(2,485)		(5,833)		(5,022)
			7,660		4,049		14,556		2,611
	Net realized investment gains		844		2,417		6,914		18,771
	Interest expense		(539)		(470)		(1,357)		(1,447)
	Income before income taxes	$	7,965	$	5,996	$	20,113	$	19,935
	(A)                The Fully Insured Health segment includes amortization of intangible assets. Total amortization expense was $493,000 and $602,000 for the three months ended September 30, 2014 and 2013, respectively, and was $1,477,000 and $1,810,000, respectively, for the nine months ended September 30, 2014 and 2013. Amortization expense for the other segments is not material to their operating results.
	(B)                 For the three months and nine months ended September 30, 2014, the Individual life, annuities and other segment includes $1,699,000 and $2,938,000, respectively, of amortization of deferred charges in connection with the assumptions of certain cede life and annuity policies in 2014. For the nine months ended September 30, 2013, the Individual life, annuities and other segment includes the write-off of $9,307,000 of deferred acquisition costs in connection with a coinsurance agreement.

Note_1_Organization_Consolidat1

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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 is being amortized ratably over the calendar year to selling, general and administrative expense in the Condensed Consolidated Statement of Income. Upon final assessment in June 2014, the Company increased its gross liability for the mandated fees payable to the Federal Government to $1,816,000.
	Recently Issued Accounting Standards Not Yet Adopted
	In June 2014, the FASB issued explicit guidance for entities that grant their employees share-based payments in which the terms of the award include a performance target that affects vesting and could be achieved after the requisite service period.  This guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Earlier adoption is permitted. The guidance may be applied either prospectively to all awards granted or modified after the effective date or retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements.
	In May 2014, the FASB issued revenue recognition guidance for entities that either enter into contracts with customers to transfer goods or services or enter into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards such as insurance contracts or lease contracts. The amendment provides specific steps that an entity should apply in order to achieve its main objective which is recognizing revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For public entities, this guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and requires one of two specified retrospective methods of application. Early application is prohibited. Management has not yet determined the impact that the adoption of this guidance will have on the Company’s consolidated financial statements.
	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)	9 Months Ended
	Sep. 30, 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)	9 Months Ended
	Sep. 30, 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_10_Sharebased_Compensatio1

Note 10. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Policies)	9 Months Ended
	Sep. 30, 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 are generally five years; and vesting periods are generally three years. 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 plans. 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 AMIC’s stock-based compensation plan, option exercise prices are equal to the quoted market price of the shares at the date of grant; option terms are ten years; and vesting periods range from three to four years.  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)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Schedule of Available-for-sale Securities Reconciliation	'
			September 30, 2014
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	244,113	$	410	$	(4,692)	$	239,831
	CMOs - residential (1)		3,158		20		(13)		3,165
	CMOs - commercial		975		-		(51)		924
	U.S. Government obligations		22,760		25		-		22,785
	Agency MBS - residential (2)		69		3		-		72
	GSEs (3)		16,505		12		(150)		16,367
	States and political subdivisions		234,610		2,560		(3,017)		234,153
	Foreign government obligations		45,724		168		(694)		45,198
	Redeemable preferred stocks		4,036		100		(19)		4,117
	Total fixed maturities	$	571,950	$	3,298	$	(8,636)	$	566,612
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	8,452	$	700	$	(145)	$	9,007
	Nonredeemable preferred stocks		4,004		113		(3)		4,114
	Total equity securities	$	12,456	$	813	$	(148)	$	13,121
			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)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Investments Classified by Contractual Maturity Date	'
			AMORTIZED		FAIR
			COST		VALUE
	Due in one year or less	$	15,306	$	15,162
	Due after one year through five years		87,574		87,064
	Due after five years through ten years		219,861		217,224
	Due after ten years		229,530		227,660
	CMOs and MBSs		19,679		19,502
		$	571,950	$	566,612

Note_3_Investment_Securities_A

Note 3. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	'
			30-Sep-14
			Less than 12 Months				12 Months or Longer				Total
			Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
			Value		Losses		Value		Losses		Value		Losses
	Corporate securities	$	107,877	$	1,754	$	83,832	$	2,938	$	191,709	$	4,692
	CMO’s  - residential		1,657		13		-		-		1,657		13
	CMOs - commercial		-		-		924		51		924		51
	GSEs		9,164		80		2,516		70		11,680		150
	States and political subdivisions		59,372		627		95,235		2,390		154,607		3,017
	Foreign government obligations		21,238		187		18,499		507		39,737		694
	Redeemable preferred stocks		3,743		19		-		-		3,743		19
	Total fixed maturities		203,051		2,680		201,006		5,956		404,057		8,636
	Common stocks		2,610		145		-		-		2,610		145
	Nonredeemable preferred stocks		1,407		3		-		-		1,407		3
	Total equity securities		4,017		148		-		-		4,017		148
	Total temporarily impaired
	securities	$	207,068	$	2,828	$	201,006	$	5,956	$	408,074	$	8,784
	Number of securities in an
	unrealized loss position		76				65				141
			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 government obligations		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)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Realized Gain (Loss) on Investments	'
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
	Sales of available-for-sale securities:
	Fixed maturities	$	1,641	$	2,045	$	7,709	$	18,321
	Preferred stocks		-		-		(5)		177
	Total sales of available-for-sale securities		1,641		2,045		7,704		18,498
	Sales of trading securities		321		744		351		1,129
	Other gains (losses)		(108)		(199)		(683)		(853)
	Total realized gains (losses)		1,854		2,590		7,372		18,774
	Unrealized gains (losses) on trading securities:
	Change in unrealized gains (losses) on trading securities		(1,010)		(173)		(458)		(3)
	Total unrealized gains (losses)  on trading securities		(1,010)		(173)		(458)		(3)
	Net realized investment gains (losses)	$	844	$	2,417	$	6,914	$	18,771

Note_3_Investment_Securities_O

Note 3. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings	'
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2014		2013		2014		2013
	Balance at beginning of year	$	473	$	563	$	473	$	1,976
	Additional credit losses for which an other-than-
	temporary loss was previously recognized		-		-		-		-
	Securities sold		-		-		-		(1,413)
	Balance at end of period	$	473	$	563	$	473	$	563

Note_5_Fair_Value_Disclosures_2

Note 5. Fair Value Disclosures: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	'
			30-Sep-14
			Level 1		Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-	$	239,831	$	-	$	239,831
	CMOs - residential		-		3,165		-		3,165
	CMOs - commercial		-		-		924		924
	US Government obligations		-		22,785		-		22,785
	Agency MBS - residential		-		72		-		72
	GSEs		-		16,367		-		16,367
	States and political subdivisions		-		231,806		2,347		234,153
	Foreign government obligations		-		45,198		-		45,198
	Redeemable preferred stocks		4,117		-		-		4,117
	Total fixed maturities		4,117		559,224		3,271		566,612
	Equity securities available-for-sale:
	Common stocks		9,007		-		-		9,007
	Nonredeemable preferred stocks		4,114		-		-		4,114
	Total equity securities		13,121		-		-		13,121
	Trading securities - equities		11,370		-		-		11,370
	Total trading securities		11,370		-		-		11,370
	Total Financial Assets	$	28,608	$	559,224	$	3,271	$	591,103
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-	$	97	$	-	$	97
			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)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	'
					Three Months Ended September 30, 2014
							States and
					CMOs		Political
					Commercial		Subdivisions		Total
	Beginning balance			$	906	$	2,379	$	3,285
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)				18		(14)		4
	Repayments and amortization of fixed maturities				-		(18)		(18)
	Balance at end of period			$	924	$	2,347	$	3,271
			Three Months Ended September 30, 2013
			CMOs				States and
							Political
			Residential		Commercial		Subdivisions		Total
	Beginning balance	$	4,370	$	571	$	2,501	$	7,442
	Gains (losses) included in earnings:
	Net realized investment gains		1,882		-		-		1,882
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		(2,140)		1		(18)		(2,157)
	Sales of securities		(2,343)		-		-		(2,343)
	Repayments and amortization of fixed maturities		(220)		-		(10)		(230)
	Balance at end of period	$	1,549	$	572	$	2,473	$	4,594
					Nine Months Ended September 30, 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)				331		(45)		286
	Repayments and amortization of fixed maturities				-		(49)		(49)
	Balance at end of period			$	924	$	2,347	$	3,271
			Nine Months Ended September 30, 2013
			CMOs				States and
							Political
			Residential		Commercial		Subdivisions		Total
	Beginning balance	$	14,053	$	570	$	2,558	$	17,181
	Gains (losses) included in earnings:
	Net realized investment gains		6,517		-		-		6,517
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		(6,389)		2		(60)		(6,447)
	Sales of securities		(11,663)		-		-		(11,663)
	Repayments and amortization of fixed maturities		(969)		-		(25)		(994)
	Balance at end of period	$	1,549	$	572	$	2,473	$	4,594

Note_5_Fair_Value_Disclosures_4

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Fair Value, by Balance Sheet Grouping	'
			30-Sep-14				31-Dec-13
			Level 2				Level 2
			Fair		Carrying		Fair		Carrying
			Value		Value		Value		Value
	FINANCIAL ASSETS:
	Policy loans	$	13,369	$	10,680	$	14,177	$	11,328
	FINANCIAL LIABILITIES:
	Funds on deposit	$	194,091	$	194,140	$	274,773	$	274,826
	Debt and junior subordinated
	debt securities	$	42,146	$	42,146	$	44,146	$	44,146

Note_6_Goodwill_and_Other_Inta1

Note 6. Goodwill and Other Intangible Assets: Schedule of Finite-Lived Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Schedule of Finite-Lived Intangible Assets	'
			30-Sep-14				31-Dec-13
			Gross				Gross
			Carrying		Accumulated		Carrying		Accumulated
			Amount		Amortization		Amount		Amortization
	Finite-lived Intangible Assets:
	Agent and broker relationships	$	22,725	$	17,946	$	22,725	$	15,935

Note_6_Goodwill_and_Other_Inta2

Note 6. Goodwill and Other Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Schedule of Indefinite-Lived Intangible Assets	'
			September 30,		December 31,
			2014		2013
	Indefinite-lived Intangible Assets:
	Insurance licenses	$	7,977	$	7,977

Note_9_Accumulated_Other_Compr1

Note 9. Accumulated Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Schedule of Accumulated Other Comprehensive Income (Loss)	'
			Three Months Ended September 30, 2014
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	(1,420)	$	(99)	$	(1,519)
	Other comprehensive income (loss) before reclassifications		(587)		41		(546)
	Amounts reclassified from accumulated OCI		(1,211)		-		(1,211)
	Net other comprehensive income (loss)		(1,798)		41		(1,757)
	Other comprehensive (income) loss attributable
	to noncontrolling interests		81		-		81
	Ending balance	$	(3,137)	$	(58)	$	(3,195)
			Three Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	(3,268)	$	(191)	$	(3,459)
	Other comprehensive income (loss) before reclassifications		(1,364)		58		(1,306)
	Amounts reclassified from accumulated OCI		(1,151)		-		(1,151)
	Net other comprehensive income (loss)		(2,515)		58		(2,457)
	Other comprehensive (income) loss attributable
	to noncontrolling interests		(6)		-		(6)
	Ending balance	$	(5,789)	$	(133)	$	(5,922)
			Nine Months Ended September 30, 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		12,177		64		12,241
	Amounts reclassified from accumulated OCI		(4,832)		-		(4,832)
	Net other comprehensive income (loss)		7,345		64		7,409
	Other comprehensive (income) loss attributable
	to noncontrolling interests		(132)		-		(132)
	Ending balance	$	(3,137)	$	(58)	$	(3,195)
			Nine Months Ended September 30, 2013
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	15,231	$	(218)	$	15,013
	Other comprehensive income (loss) before reclassifications		(9,908)		85		(9,823)
	Amounts reclassified from accumulated OCI		(11,698)		-		(11,698)
	Net other comprehensive income (loss)		(21,606)		85		(21,521)
	Other comprehensive (income) loss attributable
	to noncontrolling interests		550		-		550
	Acquired from noncontrolling interests		36		-		36
	Ending balance	$	(5,789)	$	(133)	$	(5,922)

Note_9_Accumulated_Other_Compr2

Note 9. Accumulated Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Reclassification out of Accumulated Other Comprehensive Income	'
			Three Months Ended				Nine months Ended
			September 30,				September 30,
			2014		2013		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	$	1,535	$	1,846	$	7,022	$	17,647
	Income before income tax		1,535		1,846		7,022		17,647
	Tax effect		324		695		2,190		5,949
	Net income	$	1,211	$	1,151	$	4,832	$	11,698

Note_10_Sharebased_Compensatio2

Note 10. Share-based Compensation: Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Tables)	9 Months Ended
	Sep. 30, 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					Nine Months Ended
			September 30,					September 30,
			2014		2013			2014		2013
	IHC’s Share-based Compensation Plan:
	Stock options	$	66	$	53		$	603	$	143
	Restricted stock units		22		20			64		47
	SARs		(190)		363			(113)		741
	Performance awards		-		-			-		(5)
	Share-based compensation expense, pre-tax		(102)		436			554		926
	Tax benefits		(41)		174			221		369
	Share-based compensation expense, net	$	(61)	$	262		$	333	$	557
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				Nine Months Ended
				September 30,				September 30,
				2014		2013		2014		2013
	AMIC’s Share-based Compensation Plans:
	Stock options		$	13	$	13	$	40	$	30
	Share-based compensation expense, pre-tax			13		13		40		30
	Tax benefits			4		4		14		10
	Share-based compensation expense, net		$	9	$	9	$	26	$	20

Note_10_Sharebased_Compensatio3

Note 10. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	9 Months Ended
	Sep. 30, 2014
Independence Holding Company Share Based Plans Total Member	'
Schedule of Share-based Compensation, Stock Options, Activity	'
		Shares	Weighted- Average
		Under Option	Exercise Price
	31-Dec-13	616,858	$	9.35
	Expired	-2,178		14.75
	30-Sep-14	614,680	$	9.33
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
	Granted	13,334		10.8
	Exercised	(6,667)		4.87
	Expired	(62,336)		14.58
	30-Sep-14	166,616	$	10.5

Note_10_Sharebased_Compensatio4

Note 10. Share-based Compensation: Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable (Tables)	9 Months Ended
	Sep. 30, 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	'
			30-Sep-14
			Outstanding		Exercisable
	Number of options		614,680		532,180
	Weighted average exercise price per share	$	9.33	$	9.23
	Aggregate intrinsic value for all options (in thousands)	$	2,469	$	2,192
	Weighted average contractual term remaining		2.6 years		2.4 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	'
			30-Sep-14
			Outstanding		Exercisable
	Number of options		166,616		144,393
	Weighted average exercise price per share	$	10.5	$	10.69
	Aggregate intrinsic value for all options (in thousands)	$	266	$	227
	Weighted average contractual term remaining		3.44 years		2.54 years

Note_10_Sharebased_Compensatio5

Note 10. Share-based Compensation: Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Tables) (Independence Holding Company Share Based Plans Total Member)	9 Months Ended
	Sep. 30, 2014
Independence Holding Company Share Based Plans Total Member	'
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	'
		No. of	Weighted-Average
		Non-vested	Grant-Date
		Shares	Fair Value
	31-Dec-13	14,850	$	10.6
	Granted	7,425		13.27
	Vested	(7,425)		10.3
	30-Sep-14	14,850	$	12.09

Note_10_Sharebased_Compensatio6

Note 10. Share-based Compensation: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Tables) (American Independence Corp Share Based Plans Total Member)	9 Months Ended
	Sep. 30, 2014
American Independence Corp Share Based Plans Total Member	'
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	'
		September 30,
		2014	2013
	Weighted-average risk-free interest rate	2.72%	2.30%
	Annual dividend rate per share	-	-
	Weighted-average volatility factor of the Company's common stock	38.27%	45.00%
	Weighted-average expected term of options	5 years	5 years

Note_13_Segment_Reporting_Sche

Note 13. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Tables)	9 Months Ended
	Sep. 30, 2014
Tables/Schedules	'
Schedule of Segment Reporting Information, by Segment	'
			Three Months Ended				Nine Months Ended
			September 30,				30-Sep
			2014		2013		2014		2013
	Revenues:
	Medical Stop-Loss	$	45,734	$	42,043	$	138,821	$	127,833
	Fully  Insured Health(A)		57,412		71,778		184,839		203,896
	Group disability, life, annuities and DBL		16,948		15,842		50,091		46,685
	Individual life, annuities and other		8,764		9,542		26,049		34,162
	Corporate		50		22		129		79
			128,908		139,227		399,929		412,655
	Net realized investment gains		844		2,417		6,914		18,771
	Total revenues	$	129,752	$	141,644	$	406,843	$	431,426
	Income before income taxes:
	Medical Stop-Loss	$	6,339	$	3,404	$	15,730	$	9,836
	Fully Insured Health (A)		370		615		2,325		474
	Group disability, life, annuities and DBL		4,057		2,555		7,237		6,530
	Individual life, annuities and other (B)		(1,683)		(40)		(4,903)		(9,207)
	Corporate		(1,423)		(2,485)		(5,833)		(5,022)
			7,660		4,049		14,556		2,611
	Net realized investment gains		844		2,417		6,914		18,771
	Interest expense		(539)		(470)		(1,357)		(1,447)
	Income before income taxes	$	7,965	$	5,996	$	20,113	$	19,935

Note_1_Organization_Consolidat4

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies (Details)	Sep. 30, 2014
AMICSubsidiariesMember	'
Noncontrolling Interest, Ownership Percentage by Parent	90.00%
GeneveAffiliatedEntityMember	'
EntityCommonStockOutstandingOwnershipPercent	52.70%

Note_1_Organization_Consolidat5

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: New Accounting Pronouncements (Details) (USD $)	Jun. 30, 2014	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	$1,816	$1,500

Note_2_Income_Per_Common_Share1

Note 2. Income Per Common Share (Details)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Details	'	'	'	'
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	168	52	160	106

Note_3_Investment_Securities_S1

Note 3. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Available For Sale Debt Securities Amortized Cost Basis	$571,950	$558,121
Available-for-sale Debt Securities Gross Unrealized Gain	3,298	4,131
Available-for-sale Debt Securities, Gross Unrealized Loss	8,636	19,965
Fixed maturities, available-for-sale	566,612	542,287
Available For Sale Equity Securities Amortized Cost Basis	12,456	11,521
Available-for-sale Equity Securities, Gross Unrealized Gain	813	386
Available-for-sale Equity Securities, Gross Unrealized Loss	148	104
Equity securities, available-for-sale	13,121	11,803
Domestic Corporate Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	244,113	215,412
Available-for-sale Debt Securities Gross Unrealized Gain	410	1,315
Available-for-sale Debt Securities, Gross Unrealized Loss	4,692	7,467
Fixed maturities, available-for-sale	239,831	209,260
Residential Mortgage Backed Securities Member	'	'
Available For Sale Debt Securities Amortized Cost Basis	3,158	2,457
Available-for-sale Debt Securities Gross Unrealized Gain	20	8
Available-for-sale Debt Securities, Gross Unrealized Loss	13	8
Fixed maturities, available-for-sale	3,165	2,457
Commercial Mortgage Backed Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	975	975
Available-for-sale Debt Securities, Gross Unrealized Loss	51	382
Fixed maturities, available-for-sale	924	593
US Treasury Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	22,760	15,596
Available-for-sale Debt Securities Gross Unrealized Gain	25	271
Available-for-sale Debt Securities, Gross Unrealized Loss	'	6
Fixed maturities, available-for-sale	22,785	15,861
US Government Agencies Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	69	79
Available-for-sale Debt Securities Gross Unrealized Gain	3	4
Fixed maturities, available-for-sale	72	83
US Government-sponsored Enterprises Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	16,505	28,484
Available-for-sale Debt Securities Gross Unrealized Gain	12	4
Available-for-sale Debt Securities, Gross Unrealized Loss	150	340
Fixed maturities, available-for-sale	16,367	28,148
US States and Political Subdivisions Debt Securities	'	'
Available For Sale Debt Securities Amortized Cost Basis	234,610	256,645
Available-for-sale Debt Securities Gross Unrealized Gain	2,560	2,435
Available-for-sale Debt Securities, Gross Unrealized Loss	3,017	9,377
Fixed maturities, available-for-sale	234,153	249,703
Foreign Government Debt	'	'
Available For Sale Debt Securities Amortized Cost Basis	45,724	34,437
Available-for-sale Debt Securities Gross Unrealized Gain	168	20
Available-for-sale Debt Securities, Gross Unrealized Loss	694	2,107
Fixed maturities, available-for-sale	45,198	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	100	74
Available-for-sale Debt Securities, Gross Unrealized Loss	19	278
Fixed maturities, available-for-sale	4,117	3,832
COMMON STOCK	'	'
Available For Sale Equity Securities Amortized Cost Basis	8,452	7,517
Available-for-sale Equity Securities, Gross Unrealized Gain	700	328
Available-for-sale Equity Securities, Gross Unrealized Loss	145	70
Equity securities, available-for-sale	9,007	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	113	58
Available-for-sale Equity Securities, Gross Unrealized Loss	3	34
Equity securities, available-for-sale	$4,114	$4,028

Note_3_Investment_Securities_I1

Note 3. Investment Securities: Investments Classified by Contractual Maturity Date (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Details	'	'
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis	$15,306	'
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value	15,162	'
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Amortized Cost Basis	87,574	'
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Fair Value	87,064	'
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Amortized Cost Basis	219,861	'
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Fair Value	217,224	'
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Amortized Cost Basis	229,530	'
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Fair Value	227,660	'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	19,679	'
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	19,502	'
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis	571,950	'
Fixed maturities, available-for-sale	$566,612	$542,287

Note_3_Investment_Securities_A1

Note 3. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	$207,068	$335,792
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	2,828	14,937
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	201,006	63,529
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	5,956	5,132
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	408,074	399,321
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	8,784	20,069
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	76	126
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	65	27
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	141	153
Domestic Corporate Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	107,877	124,531
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	1,754	5,340
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	83,832	21,070
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	2,938	2,127
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	191,709	145,601
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	4,692	7,467
Residential Mortgage Backed Securities Member	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	1,657	2,047
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	13	8
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,657	2,047
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	13	8
Commercial Mortgage Backed Securities	'	'
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	924	593
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	51	382
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	924	593
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	51	382
US Government-sponsored Enterprises Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	9,164	22,731
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	80	123
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	2,516	5,360
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	70	217
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	11,680	28,091
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	150	340
US States and Political Subdivisions Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	59,372	149,704
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	627	7,312
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	95,235	32,983
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	2,390	2,065
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	154,607	182,687
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	3,017	9,377
Foreign Government Debt	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	21,238	27,587
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	187	1,766
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	18,499	3,523
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	507	341
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	39,737	31,110
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	694	2,107
Redeemable Preferred Stock	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,743	3,485
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	19	278
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,743	3,485
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	19	278
Debt Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	203,051	330,578
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	2,680	14,833
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	201,006	63,529
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	5,956	5,132
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	404,057	394,107
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	8,636	19,965
COMMON STOCK	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	2,610	2,589
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	145	70
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	2,610	2,589
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	145	70
Nonredeemable Preferred Stock	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	1,407	2,625
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	3	34
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,407	2,625
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	3	34
Equity Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	4,017	5,214
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	148	104
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	4,017	5,214
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	148	104
US Treasury Securities	'	'
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	'	493
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	'	6
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	'	493
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	'	$6

Note_3_Investment_Securities_R1

Note 3. Investment Securities: Realized Gain (Loss) on Investments (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	$1,641	$2,045	$7,704	$18,498
Trading Securities, Realized Gain (Loss)	321	744	351	1,129
Other Realized Gain (Loss) Excluding Other Than Temporary Impairments	-108	-199	-683	-853
Marketable Securities, Gain (Loss), Excluding Other than Temporary Impairments	1,854	2,590	7,372	18,774
Trading Securities, Change in Unrealized Holding Gain (Loss)	-1,010	-173	-458	-3
Marketable Securities, Unrealized Gain (Loss), Excluding Other than Temporary Impairments	-1,010	-173	-458	-3
Net realized investment gains	844	2,417	6,914	18,771
Debt Securities	'	'	'	'
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	1,641	2,045	7,709	18,321
Preferred Stock	'	'	'	'
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	'	'	($5)	$177

Note_3_Investment_Securities_D

Note 3. Investment Securities (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013
					Collateralized Mortgage Backed Securities	Collateralized Mortgage Backed Securities
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$71,845	$57,418	$297,372	$528,428	'	'
Available-for-sale Securities, Gross Realized Gains	1,794	2,324	8,398	21,060	'	'
Available-for-sale Securities, Gross Realized Losses	153	279	694	2,562	'	'
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 $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Details	'	'	'	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$1,976	$473	$473	$473	$563
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Reductions, Securities Sold	1,413	'	'	'	'
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$563	$473	$473	$473	$563

Note_4_Cash_Flow_Hedge_Details

Note 4. Cash Flow Hedge (Details) (USD $)	Sep. 30, 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	4,000	6,000
Derivative Fixed Interest Rate	1.60%	1.60%
Derivative Liability, Fair Value, Gross Liability	97	204
Interest Rate Swap | Accounts Payable and Accrued Liabilities	'	'
Derivative Liability, Fair Value, Gross Liability	97	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 $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fixed maturities, available-for-sale	$566,612	$542,287
Equity securities, available-for-sale	13,121	11,803
Trading securities	11,370	7,125
Assets, Fair Value Disclosure	591,103	561,215
Interest Rate Swap	'	'
Derivative Liability, Fair Value, Gross Liability	97	204
Domestic Corporate Debt Securities	'	'
Fixed maturities, available-for-sale	239,831	209,260
Residential Mortgage Backed Securities Member	'	'
Fixed maturities, available-for-sale	3,165	2,457
Commercial Mortgage Backed Securities	'	'
Fixed maturities, available-for-sale	924	593
US Treasury Securities	'	'
Fixed maturities, available-for-sale	22,785	15,861
US Government Agencies Debt Securities	'	'
Fixed maturities, available-for-sale	72	83
US Government-sponsored Enterprises Debt Securities	'	'
Fixed maturities, available-for-sale	16,367	28,148
US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	234,153	249,703
Foreign Government Debt	'	'
Fixed maturities, available-for-sale	45,198	32,350
Redeemable Preferred Stock	'	'
Fixed maturities, available-for-sale	4,117	3,832
COMMON STOCK	'	'
Equity securities, available-for-sale	9,007	7,775
Nonredeemable Preferred Stock	'	'
Equity securities, available-for-sale	4,114	4,028
Equity Securities	'	'
Trading Securities, Equity	11,370	7,125
Fair Value, Inputs, Level 1	'	'
Fixed maturities, available-for-sale	4,117	3,832
Equity securities, available-for-sale	13,121	11,803
Trading securities	11,370	7,125
Assets, Fair Value Disclosure	28,608	22,760
Fair Value, Inputs, Level 1 | Redeemable Preferred Stock	'	'
Fixed maturities, available-for-sale	4,117	3,832
Fair Value, Inputs, Level 1 | COMMON STOCK	'	'
Equity securities, available-for-sale	9,007	7,775
Fair Value, Inputs, Level 1 | Nonredeemable Preferred Stock	'	'
Equity securities, available-for-sale	4,114	4,028
Fair Value, Inputs, Level 1 | Equity Securities	'	'
Trading Securities, Equity	11,370	7,125
Fair Value, Inputs, Level 2	'	'
Fixed maturities, available-for-sale	559,224	535,421
Assets, Fair Value Disclosure	559,224	535,421
Fair Value, Inputs, Level 2 | Interest Rate Swap	'	'
Derivative Liability, Fair Value, Gross Liability	97	204
Fair Value, Inputs, Level 2 | Domestic Corporate Debt Securities	'	'
Fixed maturities, available-for-sale	239,831	209,260
Fair Value, Inputs, Level 2 | Residential Mortgage Backed Securities Member	'	'
Fixed maturities, available-for-sale	3,165	2,457
Fair Value, Inputs, Level 2 | US Treasury Securities	'	'
Fixed maturities, available-for-sale	22,785	15,861
Fair Value, Inputs, Level 2 | US Government Agencies Debt Securities	'	'
Fixed maturities, available-for-sale	72	83
Fair Value, Inputs, Level 2 | US Government-sponsored Enterprises Debt Securities	'	'
Fixed maturities, available-for-sale	16,367	28,148
Fair Value, Inputs, Level 2 | US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	231,806	247,262
Fair Value, Inputs, Level 2 | Foreign Government Debt	'	'
Fixed maturities, available-for-sale	45,198	32,350
Fair Value, Inputs, Level 3	'	'
Fixed maturities, available-for-sale	3,271	3,034
Assets, Fair Value Disclosure	3,271	3,034
Fair Value, Inputs, Level 3 | Commercial Mortgage Backed Securities	'	'
Fixed maturities, available-for-sale	924	593
Fair Value, Inputs, Level 3 | US States and Political Subdivisions Debt Securities	'	'
Fixed maturities, available-for-sale	$2,347	$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		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$3,285	$7,442	$3,034	$17,181
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	4	-2,157	286	-6,447
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	18	230	49	994
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3,271	4,594	3,271	4,594
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	'	2,343	'	11,663
Net realized investment gains	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	'	1,882	'	6,517
Commercial Mortgage Backed Securities	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	906	571	593	570
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	18	1	331	2
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	924	572	924	572
US States and Political Subdivisions Debt Securities	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,379	2,501	2,441	2,558
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-14	-18	-45	-60
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	18	10	49	25
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,347	2,473	2,347	2,473
Residential Mortgage Backed Securities Member	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	'	4,370	'	14,053
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	'	-2,140	'	-6,389
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	'	220	'	969
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	'	1,549	'	1,549
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales	'	2,343	'	11,663
Residential Mortgage Backed Securities Member | Net realized investment gains	'	'	'	'
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings	'	$1,882	'	$6,517

Note_5_Fair_Value_Disclosures_7

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Funds on deposit	$194,140	$274,826
Estimate of Fair Value, Fair Value Disclosure | Fair Value, Inputs, Level 2	'	'
Policy Loans Receivable	13,369	14,177
Funds on deposit	194,091	274,773
Long-term Debt	42,146	44,146
Carrying (Reported) Amount, Fair Value Disclosure	'	'
Policy Loans Receivable	10,680	11,328
Funds on deposit	194,140	274,826
Long-term Debt	$42,146	$44,146

Note_6_Goodwill_and_Other_Inta3

Note 6. Goodwill and Other Intangible Assets (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Goodwill	$50,318	'	$50,318	'	$50,318
Amortization of Intangible Assets	653	807	2,011	2,443	'
Other Assets	'	'	'	'	'
Intangible Assets, Net (Excluding Goodwill)	$12,756	'	$12,756	'	$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 $)	Sep. 30, 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	$17,946	$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 $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Licensing Agreements	'	'
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$7,977	$7,977

Note_7_Debt_Details

Note 7. Debt (Details) (USD $)	9 Months Ended		1 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jul. 31, 2014
			Notes Payable to Banks
Repayment of long-term debt	$2,000	$2,000	$2,000

Note_8_Income_Taxes_Details

Note 8. Income Taxes (Details) (AMICSubsidiariesMember, USD $)	Sep. 30, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Deferred Tax Assets, Net of Valuation Allowance	$8,857		$10,689
Domestic Tax Authority	'		'
Operating Loss Carryforwards	$261,691	[1]	'
[1]	Which expire in varying amounts through the year 2028, a significant portion expires in 2020.

Note_9_Accumulated_Other_Compr3

Note 9. Accumulated Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Accumulated other comprehensive income (loss)	($1,519)	($3,459)	($10,472)	$15,013
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	-546	-1,306	12,241	-9,823
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1,211	1,151	4,832	11,698
Other comprehensive income (loss), net of tax	-1,757	-2,457	7,409	-21,521
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	81	-6	-132	550
Accumulated other comprehensive income (loss)	-3,195	-5,922	-3,195	-5,922
Unrealized Gains/Losses Purchased from Noncontrolling Interests	'	'	'	36
Accumulated Net Unrealized Investment Gain (Loss)	'	'	'	'
Accumulated other comprehensive income (loss)	-1,420	-3,268	-10,350	15,231
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	-587	-1,364	12,177	-9,908
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1,211	1,151	4,832	11,698
Other comprehensive income (loss), net of tax	-1,798	-2,515	7,345	-21,606
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	81	-6	-132	550
Accumulated other comprehensive income (loss)	-3,137	-5,789	-3,137	-5,789
Unrealized Gains/Losses Purchased from Noncontrolling Interests	'	'	'	36
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges	'	'	'	'
Accumulated other comprehensive income (loss)	-99	-191	-122	-218
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	41	58	64	85
Other comprehensive income (loss), net of tax	41	58	64	85
Accumulated other comprehensive income (loss)	($58)	($133)	($58)	($133)

Note_9_Accumulated_Other_Compr4

Note 9. Accumulated Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net realized investment gains	$844	$2,417	$6,914	$18,771
Income (loss) from continuing operations before income taxes	7,965	5,996	20,113	19,935
Income taxes (benefits)	3,141	2,080	7,404	6,821
Net income (loss)	4,824	3,916	12,709	13,114
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss)	'	'	'	'
Net realized investment gains	1,535	1,846	7,022	17,647
Income (loss) from continuing operations before income taxes	1,535	1,846	7,022	17,647
Income taxes (benefits)	324	695	2,190	5,949
Net income (loss)	$1,211	$1,151	$4,832	$11,698

Note_10_Sharebased_Compensatio7

Note 10. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Details)	9 Months Ended
	Sep. 30, 2014
Independence Holding Company Share Based Plans Total Member | Employee Stock Option	'
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	'5 years
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 | Stock Appreciation Rights (SARs)	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 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 | Employee Stock Option | Minimum	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'3 years
American Independence Corp Share Based Plans Total Member | Employee Stock Option | Maximum	'
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'4 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

Note_10_Sharebased_Compensatio8

Note 10. Share-based Compensation (Details) (USD $)	Sep. 30, 2014	31-May-14	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	Independence Holding Company Share Based Plans Total Member	American Independence Corp Share Based Plans Total Member	American Independence Corp Share Based Plans Total Member
		Employee Stock Option	Employee Stock Option	Restricted Stock Units (RSUs)	Restricted Stock Units (RSUs)	Stock Appreciation Rights (SARs)	Stock Appreciation Rights (SARs)	Stock Appreciation Rights (SARs)	Stock Appreciation Rights (SARs)	Employee Stock Option	Employee Stock Option
								Accounts Payable and Accrued Liabilities	Accounts Payable and Accrued Liabilities
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	377,286	'	'	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Description and Terms	'	'In May 2014, option agreements affecting 15 employees were modified to extend the expirations of their terms from 2015 to 2017 and as a result, the Company recorded incremental compensation costs of $405,000.	'	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Number of Employees Affected	'	15	'	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost	'	$405	'	'	'	'	'	'	'	'	'
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options	'	'	121	'	'	'	'	'	'	95	'
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period For Recognition 1	'	'	'6 months	'2 years	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	'	'	'	7,425	7,425	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	'	'	'	$13.27	$11.66	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	'	'	'	103	69	'	'	'	'	'	'
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options	'	'	'	152	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	'	'	'	'	'	247,950	251,800	'	'	'	'
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent	'	'	'	'	'	'	'	$1,189	$1,307	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	'	'	'	'	'	'	'	'	'	$5.70	$4.04

Note_10_Sharebased_Compensatio9

Note 10. 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		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Independence Holding Company Share Based Plans Total Member	'	'	'	'
Allocated Share-based Compensation Expense	($102)	$436	$554	$926
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	-41	174	221	369
Allocated Share-based Compensation Expense, Net of Tax	-61	262	333	557
Independence Holding Company Share Based Plans Total Member | Employee Stock Option	'	'	'	'
Allocated Share-based Compensation Expense	66	53	603	143
Independence Holding Company Share Based Plans Total Member | Restricted Stock Units (RSUs)	'	'	'	'
Allocated Share-based Compensation Expense	22	20	64	47
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs)	'	'	'	'
Allocated Share-based Compensation Expense	-190	363	-113	741
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	13	13	40	30
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	4	4	14	10
Allocated Share-based Compensation Expense, Net of Tax	9	9	26	20
American Independence Corp Share Based Plans Total Member | Employee Stock Option	'	'	'	'
Allocated Share-based Compensation Expense	$13	$13	$40	$30

Recovered_Sheet1

Note 10. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) (Employee Stock Option, USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Independence Holding Company Share Based Plans Total Member	'	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	616,858	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.33	$9.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	2,178	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$14.75	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	614,680	'
American Independence Corp Share Based Plans Total Member	'	'
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	$10.50	$11.46
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	62,336	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$14.58	'
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	166,616	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	13,334	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$10.80	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	6,667	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$4.87	'

Recovered_Sheet2

Note 10. 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 $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 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	614,680
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	532,180
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$9.33
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price	$9.23
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$2,469
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	2,192
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	'2 years 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	'2 years 4 months 24 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	166,616
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	144,393
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$10.50
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price	$10.69
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	266
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$227
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	'3 years 5 months 8 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	'2 years 6 months 14 days

Recovered_Sheet3

Note 10. Share-based Compensation: Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) (Independence Holding Company Share Based Plans Total Member, Restricted Stock Units (RSUs), USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Independence Holding Company Share Based Plans Total Member | Restricted Stock Units (RSUs)	'	'	'
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	$12.09	'	$10.60
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	7,425	7,425	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$13.27	$11.66	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	7,425	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$10.30	'	'

Recovered_Sheet4

Note 10. Share-based Compensation: Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) (American Independence Corp Share Based Plans Total Member, Employee Stock Option)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
American Independence Corp Share Based Plans Total Member | Employee Stock Option	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.72%	2.30%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	38.27%	45.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	'5 years	'5 years

Note_11_Supplemental_Disclosur1

Note 11. Supplemental Disclosures of Cash Flow Information (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Details	'	'
Income Taxes Paid (Refunds), Net	($2,598)	($612)
Interest Paid	$1,366	$1,458

Note_12_Commitments_and_Contin1

Note 12. Commitments and Contingencies (Details) (USD $)	1 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2014	Sep. 30, 2013
Details	'	'
Loss Contingency, Settlement Agreement, Terms	'	'On September 1, 2013, Madison National Life entered into an agreement with a former policyholder and accrued 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. In April 2014, the Company fulfilled its obligation under the terms of the agreement with a payment of $1,541,000 representing return of premium reserves (net of recoveries). The Company terminated the MGU that produced this business in 2008.
Loss Contingency Accrual, Payments	$1,541	'

Note_13_Segment_Reporting_Sche1

Note 13. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
TOTAL REVENUES	$129,752	$141,644	$406,843	$431,426
Income (loss) from continuing operations before income taxes	7,965	5,996	20,113	19,935
Operating Segments	'	'	'	'
TOTAL REVENUES	128,908	139,227	399,929	412,655
Income (loss) from continuing operations before income taxes	7,660	4,049	14,556	2,611
Segment Reconciling Items | Net realized investment gains	'	'	'	'
TOTAL REVENUES	844	2,417	6,914	18,771
Income (loss) from continuing operations before income taxes	844	2,417	6,914	18,771
Segment Reconciling Items | Interest Expense	'	'	'	'
Income (loss) from continuing operations before income taxes	-539	-470	-1,357	-1,447
Medical Stop-Loss Segment Member	'	'	'	'
TOTAL REVENUES	45,734	42,043	138,821	127,833
Income (loss) from continuing operations before income taxes	6,339	3,404	15,730	9,836
Fully Insured Segment Member	'	'	'	'
TOTAL REVENUES	57,412	71,778	184,839	203,896
Income (loss) from continuing operations before income taxes	370	615	2,325	474
Group disability, life annuities and DBL Segment Member	'	'	'	'
TOTAL REVENUES	16,948	15,842	50,091	46,685
Income (loss) from continuing operations before income taxes	4,057	2,555	7,237	6,530
Individual life annuities and other Segment Member	'	'	'	'
TOTAL REVENUES	8,764	9,542	26,049	34,162
Income (loss) from continuing operations before income taxes	-1,683	-40	-4,903	-9,207
Corporate	'	'	'	'
TOTAL REVENUES	50	22	129	79
Income (loss) from continuing operations before income taxes	($1,423)	($2,485)	($5,833)	($5,022)

Note_13_Segment_Reporting_Deta

Note 13. Segment Reporting (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amortization of Intangible Assets	$653	$807	$2,011	$2,443
Fully Insured Segment Member	'	'	'	'
Amortization of Intangible Assets	493	602	1,477	1,810
Individual life annuities and other Segment Member	'	'	'	'
Amortization of Other Deferred Charges	1,699	'	2,938	'
Deferred Policy Acquisition Cost, Amortization Expense, Effect of Adjustments to Estimated Gross Profit	'	'	'	$9,307