Independence Holding (IHC) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	1-May-15	Jun. 30, 2014
Document and Entity Information
Entity Registrant Name	Independence Holding Company
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Entity Central Index Key	701869
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		17,336,816
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Public Float			$107,255

INDEPENDENCE_HOLDING_COMPANY_C

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2015 Unaudited) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
Investments:
Short-term investments	$50		$50
Securities purchased under agreements to resell	50,937		16,790
Trading securities	9,520		11,095
Fixed maturities, available-for-sale	564,144		583,880
Equity securities, available-for-sale	7,350		13,895
Other investments	25,484		25,251
Total investments	657,485		650,961
Cash and cash equivalents	20,595		25,083
Deferred acquisition costs	31,143		30,806
Due and unpaid premiums	76,811		62,628
Due from reinsurers	273,712		278,242
Premium and claim funds	32,929		32,553
Goodwill	50,318		50,318
Other assets	62,739		57,126
TOTAL ASSETS	1,205,732		1,187,717
LIABILITIES:
Policy benefits and claims	245,047		236,803
Future policy benefits	275,803		277,041
Funds on deposit	181,119		186,782
Unearned premiums	11,042		9,455
Other policyholders' funds	18,326		18,802
Due to reinsurers	47,823		47,945
Accounts payable, accruals and other liabilities	79,052		67,641
Debt	4,000		4,000
Junior subordinated debt securities	38,146		38,146
TOTAL LIABILITIES	900,358		886,615
IHC STOCKHOLDERS' EQUITY:
Preferred stock		[1]		[1]
Common Stock	18,546	[2],[3]	18,531	[2],[4]
Paid-in capital	127,113		127,098
Accumulated other comprehensive income (loss)	901		22
Treasury stock, at cost	-12,738	[5]	-12,141	[6]
Retained earnings	162,865		157,667
TOTAL IHC STOCKHOLDERS' EQUITY	296,687		291,177
NONCONTROLLING INTERESTS IN SUBSIDIARIES	8,687		9,925
TOTAL EQUITY	305,374		301,102
TOTAL LIABILITIES AND EQUITY	$1,205,732		$1,187,717
[1]	None issued.
[2]	$1.00 par value.
[3]	23,000,000 shares authorized, 18,545,758 shares issued and 17,336,816 shares outstanding.
[4]	23,000,000 shares authorized, 18,531,158 shares issued and 17,371,040 shares outstanding.
[5]	1,208,942 treasury shares
[6]	1,160,118 treasury shares

INDEPENDENCE_HOLDING_COMPANY_C1

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (March 31, 2015 Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	18,545,758	18,531,158
Common Stock, shares outstanding	17,336,816	17,371,040
Treasury Stock, shares	1,208,942	1,160,118

INDEPENDENCE_HOLDING_COMPANY_C2

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
REVENUES:
Premiums earned	$122,114	$123,270
Net investment income	5,441	5,801
Fee income	3,716	9,339
Other income	994	1,111
Net realized investment gains	2,000	1,551
TOTAL REVENUES	134,265	141,072
EXPENSES:
Insurance benefits, claims and reserves	79,620	85,309
Selling, general and administrative expenses	44,149	48,135
Amortization of deferred acquisition costs	1,464	1,282
Interest expense on debt	432	481
TOTAL EXPENSES	125,665	135,207
Income (loss) before income taxes	8,600	5,865
Income taxes (benefits)	3,269	1,860
Net income (loss)	5,331	4,005
(Income) loss from noncontrolling interests in subsidiaries	-112	-304
NET INCOME (LOSS) ATTRIBUTABLE TO IHC	$5,219	$3,701
Basic income (loss) per common share	$0.30	$0.21
WEIGHTED AVERAGE SHARES OUTSTANDING	17,364	17,623
Diluted income (loss) per common share	$0.30	$0.21
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING	17,531	17,763

INDEPENDENCE_HOLDING_COMPANY_C3

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
STATEMENT OF COMPREHENSIVE INCOME
Net income (loss)	$5,331	$4,005
Unrealized gains (losses) on available-for-sale securities	1,305	8,017
Tax (benefit) on unrealized gains (losses) on available-for-sale securities	397	2,378
Unrealized gains (losses) on available-for-sale securities, net of tax	908	5,639
Unrealized gains (losses) on cash flow hedge, pre-tax	15	17
Tax (benefit) on unrealized gains (losses) on cash flow hedge	6	7
Unrealized gains (losses) on cash flow hedge, net of taxes	9	10
Other comprehensive income (loss), net of tax	917	5,649
Comprehensive income (loss), net of tax	6,248	9,654
(Income) loss from noncontrolling interests in subsidiaries	-112	-304
Net unrealized (gains) losses on available-for-sale securities, net of tax, attributable to noncontrolling interests	-43	-131
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-43	-131
Comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-155	-435
Comprehensive income (loss), net of tax, attributable to IHC	$6,093	$9,219

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
Stockholders Equity at Dec. 31, 2014	$18,531,000	$127,098,000	$22,000	($12,141,000)	$157,667,000	$291,177,000	$9,925,000	$301,102,000
Net income (loss)					5,219,000	5,219,000	112,000	5,331,000
Other comprehensive income (loss), net of tax			874,000			874,000	43,000	917,000
Repurchases of common stock				-597,000		-597,000		-597,000
Purchases of noncontrolling interests		-199	5			-194	-1,415	-1,609
Share-based compensation and related tax effects	15,000	205,000				220,000		220,000
Other capital transactions		9,000			-21,000	-12,000	22,000	10,000
Stockholders Equity at Mar. 31, 2015	$18,546,000	$127,113,000	$901,000	($12,738,000)	$162,865,000	$296,687,000	$8,687,000	$305,374,000

INDEPENDENCE_HOLDING_COMPANY_C5

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:
Net income (loss)	$5,331	$4,005
Adjustments to reconcile net income to net change in cash from operating activities:
Amortization of deferred acquisition costs	1,464	1,282
Net realized investment gains	-2,000	-1,551
Equity income from equity method investments	-365	-433
Depreciation and amortization	732	1,005
Share-based compensation expense	58	16
Deferred tax expense (benefits)	3,639	824
Other adjustments to reconcile net income	1,699	1,275
Changes in assets and liabilities:
Net sales (purchases) of trading securities	1,291	-2,889
Change in insurance liabilities	2,935	2,552
(Additions) reductions to deferred acquisition costs, net	-1,954	-1,383
Change in amount due from reinsurers	4,531	227
Change in premium and claim funds	-376	-909
Change in current income tax liability	-789	522
Change in due and unpaid premiums	-14,183	-2,837
Change in other assets	337	-1,777
Change in other liabilities	4,482	4,125
Net change in cash from operating activities	6,832	4,054
CASH FLOWS PROVIDED BY (USED BY) INVESTING ACTIVITIES:
Net sales (purchases) of securities under resale and repurchase agreements	-34,147	-12,377
Sales of equity securities	3,902	250
Purchases of equity securities		-250
Sales of fixed maturities	92,089	83,746
Maturities and other repayments of fixed maturities	12,067	17,344
Purchases of fixed maturities	-81,963	-94,159
Other investing activites	10	3,018
Net change in cash from investing activities	-8,042	-2,428
CASH FLOWS PROVIDED BY (USED BY) FINANCING ACTIVITIES:
Payments for repurchases of common stock	-597	-1,120
Cash paid in acquisitions of noncontrolling interests	-1,609
Proceeds (withdrawals) of investment-type insurance contracts	-607	-816
Dividends paid	-609	-620
Proceeds from exercise of stock options	133
Other financing activities	11	-218
Net change in cash from financing activities	-3,278	-2,774
Net change in cash and cash equivalents	-4,488	-1,148
Cash and cash equivalents, beginning of period	25,083	24,229
Cash and cash equivalents, end of period	$20,595	$23,081

Note_1_Organization_Consolidat

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies	3 Months Ended
	Mar. 31, 2015
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 52.8% of IHC's outstanding common stock at March 31, 2015.
	(B)       Consolidation
	American Independence Corp.
	American Independence Corp. (“AMIC”) is an insurance holding company engaged in the insurance and reinsurance business. During the first quarter of 2015, IHC purchased shares of AMIC common stock thereby increasing its ownership interest in AMIC to approximately 92% as of March 31, 2015. At December 31, 2014, the Company owned approximately 90% of the outstanding common stock of AMIC.
	Effects of Ownership Changes in Subsidiaries
	The following table summarizes the effects of changes in the Company’s ownership interests in its subsidiaries on IHC’s equity for the three months ended March 31, 2015 (in thousands):
	Changes in IHC’s paid-in capital:
	Purchases of AMIC shares	$	(199)
	Net transfers from noncontrolling interests	$	(199)
	(C)      Basis of Presentation
	The Condensed Consolidated Financial Statements have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X and, therefore, do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The Condensed Consolidated Financial Statements include the accounts of IHC and its consolidated subsidiaries. All significant intercompany transactions have been eliminated in consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect:  (i) the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements; and (ii) the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. IHC’s annual report on Form 10-K as filed with the Securities and Exchange Commission should be read in conjunction with the accompanying Condensed Consolidated Financial Statements.
	In the opinion of management, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods have been included. The condensed consolidated results of operations for the three months ended March 31, 2015 are not necessarily indicative of the results to be anticipated for the entire year.
	(D)      Recent Accounting Pronouncements
	Recently Adopted Accounting Standards
	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. The adoption of this guidance did not have any effect on the Company’s consolidated financial statements.
	Recently Issued Accounting Standards Not Yet Adopted
	In February 2015, the FASB issued guidance that modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities for the purpose of consolidation. For public entities, this guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. Early adoption is permitted. Management has not yet determined the impact that the adoption of this guidance will have on the Company’s consolidated financial statements.
	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.

Note_2_Income_Per_Common_Share

Note 2. Income Per Common Share	3 Months Ended
	Mar. 31, 2015
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 167,000 and 140,000 shares for the three months ended March 31, 2015 and 2014.

Note_3_Investment_Securities

Note 3. Investment Securities	3 Months Ended
	Mar. 31, 2015
Notes
Note 3. Investment Securities	Note  3.                       Investment Securities
	The cost (amortized cost with respect to certain fixed maturities), gross unrealized gains, gross unrealized losses and fair value of investment securities are as follows for the periods indicated (in thousands):
			March 31, 2015
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	252,958	$	1,971	$	(3,384)	$	251,545
	CMOs - residential (1)		5,567		120		-		5,687
	CMOs - commercial		975		41		-		1,016
	U.S. Government obligations		20,627		321		-		20,948
	Agency MBS - residential (2)		61		3		-		64
	GSEs (3)		14,246		81		(60)		14,267
	States and political subdivisions		227,497		3,666		(1,600)		229,563
	Foreign government obligations		36,651		279		(37)		36,893
	Redeemable preferred stocks		4,036		125		-		4,161
	Total fixed maturities	$	562,618	$	6,607	$	(5,081)	$	564,144
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	3,255	$	-	$	(94)	$	3,161
	Nonredeemable preferred stocks		4,004		185		-		4,189
	Total equity securities	$	7,259	$	185	$	(94)	$	7,350
			December 31, 2014
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	264,162	$	1,076	$	(3,314)	$	261,924
	CMOs - residential (1)		5,073		55		(22)		5,106
	CMOs - commercial		975		-		(22)		953
	U.S. Government obligations		22,766		126		-		22,892
	Agency MBS - residential (2)		65		4		-		69
	GSEs (3)		14,706		36		(86)		14,656
	States and political subdivisions		238,514		3,253		(2,386)		239,381
	Foreign government obligations		34,863		136		(299)		34,700
	Redeemable preferred stocks		4,036		163		-		4,199
	Total fixed maturities	$	585,160	$	4,849	$	(6,129)	$	583,880
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	8,452	$	1,452	$	(147)	$	9,757
	Nonredeemable preferred stocks		4,004		134		-		4,138
	Total equity securities	$	12,456	$	1,586	$	(147)	$	13,895
	(1)         Collateralized mortgage obligations (“CMOs”).
	(2)         Mortgage-backed securities (“MBS”).
	(3)         Government-sponsored enterprises (“GSEs”) are private enterprises established and chartered by the Federal Government or its various insurance and lease programs which carry the full faith and credit obligation of the U.S. Government.
	The amortized cost and fair value of fixed maturities available-for-sale at March 31, 2015, 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		$	18,337		$	18,293
	Due after one year through five years			130,742			131,020
	Due after five years through ten years			174,298			176,095
	Due after ten years			219,399			218,751
	CMOs and MBSs			19,842			19,985
			$	562,618		$	564,144
	The following tables summarize, for all available-for-sale securities in an unrealized loss position, the aggregate fair value and gross unrealized loss by length of time those securities that have continuously been in an unrealized loss position for the periods indicated (in thousands):
			31-Mar-15
			Less than 12 Months						12 Months or Longer				Total
			Fair			Unrealized			Fair		Unrealized		Fair		Unrealized
			Value			Losses			Value		Losses		Value		Losses
	Corporate securities	$	85,635		$	2,326		$	48,574	$	1,058	$	134,209	$	3,384
	GSEs		-			-			5,200		60		5,200		60
	States and political subdivisions		35,045			315			56,185		1,285		91,230		1,600
Foreign government obligations		4,684			3			1,374		34		6,058		37
Total fixed maturities		125,364			2,644			111,333		2,437		236,697		5,081
Common stocks		3,161			94			-		-		3,161		94
Total equity securities		3,161			94			-		-		3,161		94
Total temporarily impaired
securities	$	128,525		$	2,738		$	111,333	$	2,437	$	239,858	$	5,175
Number of securities in an
unrealized loss position		54						34				88
		31-Dec-14
		Less than 12 Months						12 Months or Longer				Total
		Fair			Unrealized			Fair		Unrealized		Fair		Unrealized
		Value			Losses			Value		Losses		Value		Losses
Corporate securities	$	77,868		$	1,473		$	69,498	$	1,841	$	147,366	$	3,314
CMO’s  - residential		2,062			16			1,562		6		3,624		22
CMOs - commercial		-			-			953		22		953		22
GSEs		-			-			9,581		86		9,581		86
States and political subdivisions		58,819			744			67,318		1,642		126,137		2,386
Foreign government obligations		21,148			171			12,229		128		33,377		299
Total fixed maturities		159,897			2,404			161,141		3,725		321,038		6,129
Common stocks		2,007			136			348		11		2,355		147
Total equity securities		2,007			136			348		11		2,355		147
Total temporarily impaired
securities	$	161,904		$	2,540		$	161,489	$	3,736	$	323,393	$	6,276
Number of securities in an
unrealized loss position		70						46				116
Substantially all of the unrealized losses on fixed maturities available-for-sale at March 31, 2015 and December 31, 2014 relate to investment grade securities and are attributable to changes in market interest rates. Because the Company does not intend to sell, nor is it more likely than not that the Company will have to sell such investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired at March 31, 2015.
Net realized investment gains are as follows for periods indicated (in thousands):
		Three Months Ended
		March 31,
		2015		2014
Available-for-sale securities:
Fixed maturities	$	1,300	$	1,477
Common stocks		1,465		-
Total sales of available-for-sale securities		2,765		1,477
Trading securities		(507)		5
Total realized gains		2,258		1,482
Unrealized gains (losses) on trading securities:
Change in unrealized gains (losses) on trading securities		(251)		69
Total unrealized gains (losses)  on trading securities		(251)		69
Gains (losses) on other investments		(7)		-
Net realized investment gains	$	2,000	$	1,551
For the three months ended March 31, 2015 and 2014, proceeds from sales of available-for-sale securities were $106,415,000 and $97,550,000, respectively, and the company realized gross gains of $3,114,000 and $2,605,000, respectively, and gross losses of $182,000 and $419,000, respectively, on those sales.
Other-Than-Temporary Impairment Evaluations
We recognize other-than-temporary impairment losses 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(iv) to the Consolidated Financial Statements in the 2014 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 2015 or 2014.
Credit losses were recognized on certain fixed maturities for which each security also had an impairment loss recognized in other comprehensive income (loss). The rollforward of these credit losses were as follows for the periods indicated (in thousands):
		Three Months Ended
		March 31,
		2015		2014
Balance at beginning of year	$	473	$	473
Additional credit losses for which an other-than-temporary
loss was previously recognized		-		-
Securities sold		-		-
Balance at end of period	$	473	$	473
The after-tax portion of other-than-temporary impairments included in accumulated other comprehensive income (loss) at both March 31, 2015 and December 31, 2014 consists of $335,000 related to CMO securities.

Note_4_Cash_Flow_Hedge

Note 4. Cash Flow Hedge	3 Months Ended
	Mar. 31, 2015
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 at both March 31, 2015 and December 31, 2014), under which the Company receives a variable rate equal to the rate on the debt and pays a fixed rate ( 1.60%) in order to manage the risk in overall changes in cash flows attributable to forecasted interest payments. As a result of the interest rate swap, interest payments on this debt are fixed at 4.95%. There was no hedge ineffectiveness on this interest rate swap which was accounted for as a cash flow hedge. At March 31, 2015 and December 31, 2014, the fair value of interest rate swap was $41,000 and $83,000, respectively, which is included in other liabilities on the accompanying Condensed Consolidated Balance Sheets. See Note 5 for further discussion on the valuation techniques utilized to determine the fair value of the interest rate swap.

Note_5_Fair_Value_Disclosures

Note 5. Fair Value Disclosures	3 Months Ended
	Mar. 31, 2015
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, foreign government obligations, collateralized mortgage obligations, municipals and GSEs that were priced with observable market inputs. Level 3 securities consist primarily of CMO securities backed by commercial mortgages and municipal tax credit strips.  For these securities, we use industry-standard pricing methodologies, including discounted cash flow models, whose inputs are based on management’s assumptions and available market information. Significant unobservable inputs used in the fair value measurement of CMO’s are prepayment rates, probability of default, and loss severity in the event of default. Significant increases (decreases) in any of those inputs in isolation would result in a significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the probability of default is accompanied by a directionally similar change in the assumption used for loss severity and a directionally opposite change in the assumption used for prepayment rates. Further we retain independent pricing vendors to assist in valuing certain instruments.
	Trading securities:
	Trading securities included in Level 1 are equity securities with quoted market prices.
	Interest rate swap:
	The financial liability included in Level 2 consists of an interest rate swap on IHC debt.  It is valued using market observable inputs including market price, interest rate, and volatility within a Black Scholes model.
	The following tables present our financial assets and liabilities measured at fair value on a recurring basis for the periods indicated (in thousands):
			31-Mar-15
			Level 1			Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-		$	251,545	$	-	$	251,545
	CMOs - residential		-			5,687		-		5,687
	CMOs - commercial		-			-		1,016		1,016
	US Government obligations		-			20,948		-		20,948
	Agency MBS - residential		-			64		-		64
	GSEs		-			14,267		-		14,267
	States and political subdivisions		-			227,282		2,281		229,563
	Foreign government obligations		-			36,893		-		36,893
	Redeemable preferred stocks		4,161			-		-		4,161
	Total fixed maturities		4,161			556,686		3,297		564,144
	Equity securities available-for-sale:
	Common stocks		3,161			-		-		3,161
	Nonredeemable preferred stocks		4,189			-		-		4,189
	Total equity securities		7,350			-		-		7,350
	Trading securities - equities		9,520			-		-		9,520
	Total trading securities		9,520			-		-		9,520
	Total Financial Assets	$	21,031		$	556,686	$	3,297	$	581,014
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-		$	41	$	-	$	41
			31-Dec-14
			Level 1			Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-		$	261,924	$	-	$	261,924
	CMOs – residential		-			5,106		-		5,106
	CMOs – commercial		-			-		953		953
	US Government obligations		-			22,892		-		22,892
	Agency MBS - residential		-			69		-		69
	GSEs		-			14,656		-		14,656
	States and political subdivisions		-			237,067		2,314		239,381
	Foreign government		-			34,700		-		34,700
	Redeemable preferred stocks		4,199			-		-		4,199
	Total fixed maturities		4,199			576,414		3,267		583,880
	Equity securities available-for-sale:
	Common stocks		9,757			-		-		9,757
	Nonredeemable preferred stocks		4,138			-		-		4,138
	Total equity securities		13,895			-		-		13,895
	Trading securities - equities		11,095			-		-		11,095
	Total trading securities		11,095			-		-		11,095
	Total Financial Assets	$	29,189		$	576,414	$	3,267	$	608,870
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-		$	83	$	-	$	83
	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.
	The Company did not transfer any securities between Level 1, Level 2 or Level 3 in either 2015 or 2014. The following table presents the changes in fair value of our Level 3 financial instruments for the periods indicated (in thousands):
			Three Months Ended March 31, 2015
					States and
			CMOs		Political
		Commercial		Subdivisions		Total
Beginning balance	$	953	$	2,314	$	3,267
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		63		(13)		50
Repayments and amortization of fixed maturities		-		(20)		(20)
Balance at end of period	$	1,016	$	2,281	$	3,297
		Three Months Ended March 31, 2014
				States and
		CMOs		Political
		Commercial		Subdivisions		Total
Beginning balance	$	593	$	2,441	$	3,034
Gains (losses) included in other comprehensive income (loss):
Net unrealized gains (losses)		276		(16)		260
Repayments and amortization of fixed maturities		-		(15)		(15)
Balance at end of period	$	869	$	2,410	$	3,279
The following table provides carrying values, fair values and classification in the fair value hierarchy of the Company’s financial instruments, for the periods indicated, that are not carried at fair value but are subject to fair value disclosure requirements, for the periods indicated (in thousands):
		31-Mar-15					31-Dec-14
		Level 2					Level 2
		Fair			Carrying		Fair			Carrying
		Value			Value		Value			Value
FINANCIAL ASSETS:
Policy loans	$	13,192		$	10,535	$	13,356		$	10,667
FINANCIAL LIABILITIES:
Funds on deposit	$	181,539		$	181,119	$	187,213		$	186,782
Debt and junior subordinated
debt securities	$	42,146		$	42,146	$	42,146		$	42,146
The following methods and assumptions were used to estimate the fair value of the financial instruments that are not carried at fair value in the Condensed Consolidated Financial Statements:
(A)       Policy Loans
The fair value of policy loans included in Level 2 of the fair value hierarchy is estimated by projecting aggregate loan cash flows to the end of the expected lifetime period of the life insurance business at the average policy loan rates, and discounting them at a current market interest rate.
(B)              Funds on Deposit
The Company has two types of funds on deposit. The first type is credited with a current market interest rate, resulting in a fair value which approximates the carrying amount. The second type carries fixed interest rates which are higher than current market interest rates. The fair value of these deposits was estimated by discounting the payments using current market interest rates. The Company's universal life policies are also credited with current market interest rates, resulting in a fair value which approximates the carrying amount. Both types of funds on deposit are included in Level 2 of the fair value hierarchy.
(C)       Debt
The fair value of debt with variable interest rates approximates its carrying amount and is included in Level 2 of the fair value hierarchy.

Note_6_Goodwill_and_Other_Inta

Note 6. Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2015
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 both March 31, 2015 and December 31, 2014.
	The Company has net other intangible assets of $11,730,000 and $12,135,000 at March 31, 2015 and December 31, 2014, respectively, which are included in other assets in the Condensed Consolidated Balance Sheets. These intangible assets consist of: (i) finite-lived intangible assets, principally the fair value of acquired agent and broker relationships, which are subject to amortization; and (ii) indefinite-lived intangible assets which consist of the estimated fair value of insurance licenses that are not subject to amortization. The gross carrying amounts of these other intangible assets are as follows for the periods indicated (in thousands):
			31-Mar-15				31-Dec-14
			Gross				Gross
			Carrying		Accumulated		Carrying		Accumulated
			Amount		Amortization		Amount		Amortization
	Finite-lived Intangible Assets:
	Agent and broker relationships	$	22,725	$	18,972	$	22,725	$	18,567
	Total finite-lived		22,725	$	18,972	$	22,725	$	18,567
							March 31,		December 31,
							2015		2014
	Indefinite-lived Intangible Assets:
	Insurance licenses					$	7,977	$	7,977
	Total indefinite-lived					$	7,977	$	7,977
	Amortization expense was $404,000 and $679,000 for the three months ended March 31, 2015 and 2014, respectively.

Note_7_Income_Taxes

Note 7. Income Taxes	3 Months Ended
	Mar. 31, 2015
Notes
Note 7. Income Taxes	Note 7.                       Income Taxes
	The provisions for income taxes shown in the Condensed Consolidated Statements of Income were computed based on the Company's actual results, which approximate the effective tax rate expected to be applicable for the balance of the current fiscal year in accordance with consolidated life/non-life group income tax regulations. Such regulations adopt a subgroup method in determining consolidated taxable income, whereby taxable income is determined separately for the life insurance company group and the non-life insurance company group.
	At March 31, 2015, AMIC had net operating loss carryforwards of approximately $263,184,000 for federal income tax purposes, expiring in varying amounts through the year 2028 with a significant portion expiring in 2020. The net deferred tax asset relative to AMIC included in other assets on IHC’s Condensed Consolidated Balance Sheets was $10,864,000 and $11,517,000 at March 31, 2015 and December 31, 2014, respectively.

Note_8_Accumulated_Other_Compr

Note 8. Accumulated Other Comprehensive Income (loss)	3 Months Ended
	Mar. 31, 2015
Notes
Note 8. Accumulated Other Comprehensive Income (loss)	Note 8.                        Accumulated Other Comprehensive Income (Loss)
	The components of other comprehensive income (loss) include (i) the after-tax net unrealized gains and losses on investment securities available-for-sale, including the subsequent increases and decreases in fair value of available-for-sale securities previously impaired and the non-credit related component of other-than-temporary impairments of fixed maturities and (ii) the after-tax unrealized gains and losses on a cash flow hedge.
	Changes in the balances for each component of accumulated other comprehensive income, shown net of taxes, for the periods indicated were as follows (in thousands):
			Three Months Ended March 31, 2015
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge		Total
	Beginning balance	$	72		$	(50)	$	22
	Other comprehensive income (loss) before reclassifications		2,685			9		2,694
	Amounts reclassified from accumulated OCI		(1,777)			-		(1,777)
	Net other comprehensive income		908			9		917
	Less: Other comprehensive income attributable
	to noncontrolling interests		(43)			-		(43)
	Acquired from noncontrolling interests		5			-		5
	Ending balance	$	942		$	(41)	$	901
			Three Months Ended March 31, 2014
			Unrealized
			Gains (Losses) on
			Available-for Sale			Cash Flow
			Securities			Hedge		Total
	Beginning balance	$	(10,350)		$	(122)	$	(10,472)
	Other comprehensive income before reclassifications		6,618			10		6,628
	Amounts reclassified from accumulated OCI		(979)			-		(979)
	Net other comprehensive income		5,639			10		5,649
	Less: Other comprehensive income attributable
	to noncontrolling interests		(131)			-		(131)
	Ending balance	$	(4,842)		$	(112)	$	(4,954)
	Presented below are the amounts reclassified out of accumulated other comprehensive income (loss) and recognized in earnings for each of the periods indicated (in thousands):
			Three Months Ended
			March 31,
			2015		2014
	Unrealized gains (losses) on available-for-sale securities
	reclassified during the period to the following income
	statement line items:
	Net realized investment gains	$	2,765	$	1,477
	Income before income tax		2,765		1,477
	Tax effect		988		498
	Net income	$	1,777	$	979

Note_9_Sharebased_Compensation

Note 9. Share-based Compensation	3 Months Ended
	Mar. 31, 2015
Notes
Note 9. Share-based Compensation	Note 9.                        Share-Based Compensation
	IHC and AMIC each have share-based compensation plans. The following is a summary of the activity pertaining to each of these plans.
	A)  IHC Share-Based Compensation Plans
	Under the terms of IHC’s stock-based compensation plans, option exercise prices are more than or equal to the quoted market price of the shares at the date of grant; option terms 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 March 31, 2015, 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
			March 31,
			2015		2014
	IHC’s Share-based Compensation Plan:
	Stock options	$	55	$	66
	Restricted stock units		21		19
	SARs		-29		-81
	Share-based compensation expense, pre-tax		47		4
	Tax benefits		19		1
	Share-based compensation expense, net	$	28	$	3
	Stock Options
	The IHC’s stock option activity during 2015 was as follows:
			Shares		Weighted- Average
			Under Option		Exercise Price
	31-Dec-14		614,680		$	9.33
	Exercised		-14,600			9.09
	31-Mar-15		600,080		$	9.34
	In the first quarter of 2015, IHC received $133,000 in cash from the exercise of stock options with an aggregate intrinsic value of $63,000 and realized $10,000 of tax benefits.
	The following table summarizes information regarding IHC’s outstanding and exercisable options:
			31-Mar-15
			Outstanding		Exercisable
	Number of options		600,080		600,080
	Weighted average exercise price per share	$	9.34	$	9.34
	Aggregate intrinsic value for all options (in thousands)	$	2,551	$	2,551
	Weighted average contractual term remaining		2.1 years		2.1 years
	As of March 31, 2015, all of IHC’s outstanding stock options are fully vested and all of the related compensation costs have been recognized.
	Restricted Stock
	At March 31, 2015 and December 31, 2014, there were 14,850 unvested restricted stock units outstanding with a weighted average grant-date fair value of $12.09 per share.
	As of March 31, 2015, the total unrecognized compensation expense related to non-vested restricted stock unit awards was $110,000 which is expected to be recognized over the remaining requisite weighted-average service period of 1.5 years.
	SARs
	IHC had 131,350 and 136,850 of SAR awards outstanding at March 31, 2015 and December 31, 2014, respectively. In the first quarter of 2015, 5,500 SARs were exercised with an aggregate intrinsic value of $29,000.  Included in Other Liabilities in the Company’s Condensed Consolidated Balance Sheets at March 31, 2015 and December 31, 2014 are liabilities of $733,000 and $791,000, 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.
	The following table summarizes share-based compensation expense, which is included in selling, general and administrative expenses on the Condensed Consolidated Statements of Income, applicable to the AMIC share-based compensation plans, by award type for each of the periods indicated (in thousands):
				Three Months Ended
				March 31,
				2015		2014
	AMIC’s Share-based Compensation Plans:
	Stock options		$	11	$	12
	Share-based compensation expense, pre-tax			11		12
	Tax benefits			4		4
	Share-based compensation expense, net		$	7	$	8
	Stock Options
	AMIC’s stock option activity for the three months ended March 31, 2015 is as follows:
			Shares		Weighted- Average
			Under Option		Exercise Price
	31-Dec-14		166,616		$	10.5
	Expired		(46,500)			14.1
	31-Mar-15		120,116		$	9.11
	The following table summarizes information regarding AMIC’s outstanding and exercisable options as of March 31, 2015:
			31-Mar-15
			Outstanding		Exercisable
	Number of options		120,116		102,337
	Weighted average exercise price per share	$	9.11	$	9.06
	Aggregate intrinsic value for all options (in thousands)	$	215	$	193
	Weighted average contractual term remaining		4.10 years		3.28 years
	As of March 31, 2015, the total unrecognized compensation expense related to AMIC’s non-vested options was $72,000 which will be recognized over the remaining requisite service periods.

Note_10_Supplemental_Disclosur

Note 10. Supplemental Disclosures of Cash Flow Information	3 Months Ended
	Mar. 31, 2015
Notes
Note 10. Supplemental Disclosures of Cash Flow Information	Note 10.          Supplemental Disclosures of Cash Flow Information
	Net cash payments (receipts) for income taxes were $(132,000) and $229,000 during the three months ended March 31, 2015 and 2014.
	Cash payments for interest were $438,000 and $464,000 during the three months ended March 31, 2015 and 2014, respectively.

Note_11_Segment_Reporting

Note 11. Segment Reporting	3 Months Ended
	Mar. 31, 2015
Notes
Note 11. Segment Reporting	Note 11.          Segment Reporting
	The Insurance Group principally engages in the life and health insurance business. Information by business segment is presented below for the periods indicated (in thousands):
			Three Months Ended
			March 31,
			2015		2014
	Revenues:
	Medical Stop-Loss	$	56,012	$	47,588
	Fully  Insured Health		46,532		66,539
	Group disability, life, annuities and DBL		20,748		16,427
	Individual life, annuities and other		8,924		8,938
	Corporate		49		29
			132,265		139,521
	Net realized investment gains		2,000		1,551
	Total revenues	$	134,265	$	141,072
	Income before income taxes:
	Medical Stop-Loss	$	5,353	$	4,738
	Fully Insured Health (A)		1,277		1,908
	Group disability, life, annuities and DBL		3,215		1,177
	Individual life, annuities and other (B)		(1,053)		(1,109)
	Corporate		(1,760)		(1,919)
			7,032		4,795
	Net realized investment gains		2,000		1,551
	Interest expense		(432)		(481)
	Income before income taxes	$	8,600	$	5,865
	(A)                The Fully Insured Health segment includes amortization of intangible assets. Total amortization expense was $263,000 and $492,000 for the three months ended March 31, 2015 and 2014. Amortization expense for the other segments is not material to their operating results.
	(B)                 For the three months ended March 31, 2015 and 2014, the Individual life, annuities and other segment includes $354,000 and $111,000 of amortization of deferred charges in connection with the assumptions of certain ceded life and annuity policies.

Note_1_Organization_Consolidat1

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
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: New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
New Accounting Pronouncements	Recently Adopted Accounting Standards
	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. The adoption of this guidance did not have any effect on the Company’s consolidated financial statements.
	Recently Issued Accounting Standards Not Yet Adopted
	In February 2015, the FASB issued guidance that modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities for the purpose of consolidation. For public entities, this guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. Early adoption is permitted. Management has not yet determined the impact that the adoption of this guidance will have on the Company’s consolidated financial statements.
	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.

Note_5_Fair_Value_Disclosures_

Note 5. Fair Value Disclosures: Fair Value of Financial Instruments, Policy (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Fair Value of Financial Instruments, Policy	For all financial and non-financial assets and liabilities accounted for at fair value on a recurring basis, the Company utilizes valuation techniques based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market expectations. These two types of inputs create the following fair value hierarchy:
	Level 1 - Quoted prices for identical instruments in active markets.
	Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.
	Level 3 - Instruments where significant value drivers are unobservable.

Note_5_Fair_Value_Disclosures_1

Note 5. Fair Value Disclosures: Fair Value Transfer, Policy (Policies)	3 Months Ended
	Mar. 31, 2015
Policies
Fair Value Transfer, Policy	It is the Company’s policy to recognize transfers of assets and liabilities between levels of the fair value hierarchy at the end of a reporting period. The Company does not transfer out of Level 3 and into Level 2 until such time as observable inputs become available and reliable or the range of available independent prices narrow.

Note_9_Sharebased_Compensation1

Note 9. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Policies)	3 Months Ended
	Mar. 31, 2015
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.

Note_1_Organization_Consolidat3

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net
	Changes in IHC’s paid-in capital:
	Purchases of AMIC shares	$	(199)
	Net transfers from noncontrolling interests	$	(199)

Note_3_Investment_Securities_S

Note 3. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Available-for-sale Securities Reconciliation
			March 31, 2015
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	252,958	$	1,971	$	(3,384)	$	251,545
	CMOs - residential (1)		5,567		120		-		5,687
	CMOs - commercial		975		41		-		1,016
	U.S. Government obligations		20,627		321		-		20,948
	Agency MBS - residential (2)		61		3		-		64
	GSEs (3)		14,246		81		(60)		14,267
	States and political subdivisions		227,497		3,666		(1,600)		229,563
	Foreign government obligations		36,651		279		(37)		36,893
	Redeemable preferred stocks		4,036		125		-		4,161
	Total fixed maturities	$	562,618	$	6,607	$	(5,081)	$	564,144
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	3,255	$	-	$	(94)	$	3,161
	Nonredeemable preferred stocks		4,004		185		-		4,189
	Total equity securities	$	7,259	$	185	$	(94)	$	7,350
			December 31, 2014
					GROSS		GROSS
			AMORTIZED		UNREALIZED		UNREALIZED		FAIR
			COST		GAINS		LOSSES		VALUE
	FIXED MATURITIES
	AVAILABLE-FOR-SALE:
	Corporate securities	$	264,162	$	1,076	$	(3,314)	$	261,924
	CMOs - residential (1)		5,073		55		(22)		5,106
	CMOs - commercial		975		-		(22)		953
	U.S. Government obligations		22,766		126		-		22,892
	Agency MBS - residential (2)		65		4		-		69
	GSEs (3)		14,706		36		(86)		14,656
	States and political subdivisions		238,514		3,253		(2,386)		239,381
	Foreign government obligations		34,863		136		(299)		34,700
	Redeemable preferred stocks		4,036		163		-		4,199
	Total fixed maturities	$	585,160	$	4,849	$	(6,129)	$	583,880
	EQUITY SECURITIES
	AVAILABLE-FOR-SALE:
	Common stocks	$	8,452	$	1,452	$	(147)	$	9,757
	Nonredeemable preferred stocks		4,004		134		-		4,138
	Total equity securities	$	12,456	$	1,586	$	(147)	$	13,895
	(1)         Collateralized mortgage obligations (“CMOs”).
	(2)         Mortgage-backed securities (“MBS”).
	(3)         Government-sponsored enterprises (“GSEs”) are private enterprises established and chartered by the Federal Government or its various insurance and lease programs which carry the full faith and credit obligation of the U.S. Government.

Note_3_Investment_Securities_I

Note 3. Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Investments Classified by Contractual Maturity Date
			AMORTIZED		FAIR
			COST		VALUE
	Due in one year or less	$	18,337	$	18,293
	Due after one year through five years		130,742		131,020
	Due after five years through ten years		174,298		176,095
	Due after ten years		219,399		218,751
	CMOs and MBSs		19,842		19,985
		$	562,618	$	564,144

Note_3_Investment_Securities_A

Note 3. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value
			31-Mar-15
			Less than 12 Months				12 Months or Longer				Total
			Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
			Value		Losses		Value		Losses		Value		Losses
	Corporate securities	$	85,635	$	2,326	$	48,574	$	1,058	$	134,209	$	3,384
	GSEs		-		-		5,200		60		5,200		60
	States and political subdivisions		35,045		315		56,185		1,285		91,230		1,600
	Foreign government obligations		4,684		3		1,374		34		6,058		37
	Total fixed maturities		125,364		2,644		111,333		2,437		236,697		5,081
	Common stocks		3,161		94		-		-		3,161		94
	Total equity securities		3,161		94		-		-		3,161		94
	Total temporarily impaired
	securities	$	128,525	$	2,738	$	111,333	$	2,437	$	239,858	$	5,175
	Number of securities in an
	unrealized loss position		54				34				88
			31-Dec-14
			Less than 12 Months				12 Months or Longer				Total
			Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
			Value		Losses		Value		Losses		Value		Losses
	Corporate securities	$	77,868	$	1,473	$	69,498	$	1,841	$	147,366	$	3,314
	CMO’s  - residential		2,062		16		1,562		6		3,624		22
	CMOs - commercial		-		-		953		22		953		22
	GSEs		-		-		9,581		86		9,581		86
	States and political subdivisions		58,819		744		67,318		1,642		126,137		2,386
	Foreign government obligations		21,148		171		12,229		128		33,377		299
	Total fixed maturities		159,897		2,404		161,141		3,725		321,038		6,129
	Common stocks		2,007		136		348		11		2,355		147
	Total equity securities		2,007		136		348		11		2,355		147
	Total temporarily impaired
	securities	$	161,904	$	2,540	$	161,489	$	3,736	$	323,393	$	6,276
	Number of securities in an
	unrealized loss position		70				46				116

Note_3_Investment_Securities_R

Note 3. Investment Securities: Realized Gain (Loss) on Investments (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Realized Gain (Loss) on Investments
			Three Months Ended
			March 31,
			2015		2014
	Available-for-sale securities:
	Fixed maturities	$	1,300	$	1,477
	Common stocks		1,465		-
	Total sales of available-for-sale securities		2,765		1,477
	Trading securities		(507)		5
	Total realized gains		2,258		1,482
	Unrealized gains (losses) on trading securities:
	Change in unrealized gains (losses) on trading securities		(251)		69
	Total unrealized gains (losses)  on trading securities		(251)		69
	Gains (losses) on other investments		(7)		-
	Net realized investment gains	$	2,000	$	1,551

Note_3_Investment_Securities_O

Note 3. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Other than Temporary Impairment, Credit Losses Recognized in Earnings
			Three Months Ended
			March 31,
			2015		2014
	Balance at beginning of year	$	473	$	473
	Additional credit losses for which an other-than-temporary
	loss was previously recognized		-		-
	Securities sold		-		-
	Balance at end of period	$	473	$	473

Note_5_Fair_Value_Disclosures_2

Note 5. Fair Value Disclosures: Fair Value Measurements, Recurring and Nonrecurring (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Fair Value Measurements, Recurring and Nonrecurring
			31-Mar-15
			Level 1		Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-	$	251,545	$	-	$	251,545
	CMOs - residential		-		5,687		-		5,687
	CMOs - commercial		-		-		1,016		1,016
	US Government obligations		-		20,948		-		20,948
	Agency MBS - residential		-		64		-		64
	GSEs		-		14,267		-		14,267
	States and political subdivisions		-		227,282		2,281		229,563
	Foreign government obligations		-		36,893		-		36,893
	Redeemable preferred stocks		4,161		-		-		4,161
	Total fixed maturities		4,161		556,686		3,297		564,144
	Equity securities available-for-sale:
	Common stocks		3,161		-		-		3,161
	Nonredeemable preferred stocks		4,189		-		-		4,189
	Total equity securities		7,350		-		-		7,350
	Trading securities - equities		9,520		-		-		9,520
	Total trading securities		9,520		-		-		9,520
	Total Financial Assets	$	21,031	$	556,686	$	3,297	$	581,014
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-	$	41	$	-	$	41
			31-Dec-14
			Level 1		Level 2		Level 3		Total
	FINANCIAL ASSETS:
	Fixed maturities available-for-sale:
	Corporate securities	$	-	$	261,924	$	-	$	261,924
	CMOs – residential		-		5,106		-		5,106
	CMOs – commercial		-		-		953		953
	US Government obligations		-		22,892		-		22,892
	Agency MBS - residential		-		69		-		69
	GSEs		-		14,656		-		14,656
	States and political subdivisions		-		237,067		2,314		239,381
	Foreign government		-		34,700		-		34,700
	Redeemable preferred stocks		4,199		-		-		4,199
	Total fixed maturities		4,199		576,414		3,267		583,880
	Equity securities available-for-sale:
	Common stocks		9,757		-		-		9,757
	Nonredeemable preferred stocks		4,138		-		-		4,138
	Total equity securities		13,895		-		-		13,895
	Trading securities - equities		11,095		-		-		11,095
	Total trading securities		11,095		-		-		11,095
	Total Financial Assets	$	29,189	$	576,414	$	3,267	$	608,870
	FINANCIAL LIABILITIES:
	Interest rate swap	$	-	$	83	$	-	$	83

Note_5_Fair_Value_Disclosures_3

Note 5. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
			Three Months Ended March 31, 2015
					States and
			CMOs		Political
			Commercial		Subdivisions		Total
	Beginning balance	$	953	$	2,314	$	3,267
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		63		(13)		50
	Repayments and amortization of fixed maturities		-		(20)		(20)
	Balance at end of period	$	1,016	$	2,281	$	3,297
			Three Months Ended March 31, 2014
					States and
			CMOs		Political
			Commercial		Subdivisions		Total
	Beginning balance	$	593	$	2,441	$	3,034
	Gains (losses) included in other comprehensive income (loss):
	Net unrealized gains (losses)		276		(16)		260
	Repayments and amortization of fixed maturities		-		(15)		(15)
	Balance at end of period	$	869	$	2,410	$	3,279

Note_5_Fair_Value_Disclosures_4

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Fair Value, by Balance Sheet Grouping
			31-Mar-15				31-Dec-14
			Level 2				Level 2
			Fair		Carrying		Fair		Carrying
			Value		Value		Value		Value
	FINANCIAL ASSETS:
	Policy loans	$	13,192	$	10,535	$	13,356	$	10,667
	FINANCIAL LIABILITIES:
	Funds on deposit	$	181,539	$	181,119	$	187,213	$	186,782
	Debt and junior subordinated
	debt securities	$	42,146	$	42,146	$	42,146	$	42,146

Note_6_Goodwill_and_Other_Inta1

Note 6. Goodwill and Other Intangible Assets: Schedule of Finite-Lived Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Finite-Lived Intangible Assets
			31-Mar-15				31-Dec-14
			Gross				Gross
			Carrying		Accumulated		Carrying		Accumulated
			Amount		Amortization		Amount		Amortization
	Finite-lived Intangible Assets:
	Agent and broker relationships	$	22,725	$	18,972	$	22,725	$	18,567
	Total finite-lived		22,725	$	18,972	$	22,725	$	18,567

Note_6_Goodwill_and_Other_Inta2

Note 6. Goodwill and Other Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Indefinite-Lived Intangible Assets
			March 31,		December 31,
			2015		2014
	Indefinite-lived Intangible Assets:
	Insurance licenses	$	7,977	$	7,977
	Total indefinite-lived	$	7,977	$	7,977

Note_8_Accumulated_Other_Compr1

Note 8. Accumulated Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Accumulated Other Comprehensive Income (Loss)
			Three Months Ended March 31, 2015
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	72	$	(50)	$	22
	Other comprehensive income (loss) before reclassifications		2,685		9		2,694
	Amounts reclassified from accumulated OCI		(1,777)		-		(1,777)
	Net other comprehensive income		908		9		917
	Less: Other comprehensive income attributable
	to noncontrolling interests		(43)		-		(43)
	Acquired from noncontrolling interests		5		-		5
	Ending balance	$	942	$	(41)	$	901
			Three Months Ended March 31, 2014
			Unrealized
			Gains (Losses) on
			Available-for Sale		Cash Flow
			Securities		Hedge		Total
	Beginning balance	$	(10,350)	$	(122)	$	(10,472)
	Other comprehensive income before reclassifications		6,618		10		6,628
	Amounts reclassified from accumulated OCI		(979)		-		(979)
	Net other comprehensive income		5,639		10		5,649
	Less: Other comprehensive income attributable
	to noncontrolling interests		(131)		-		(131)
	Ending balance	$	(4,842)	$	(112)	$	(4,954)

Note_8_Accumulated_Other_Compr2

Note 8. Accumulated Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Reclassification out of Accumulated Other Comprehensive Income
			Three Months Ended
			March 31,
			2015		2014
	Unrealized gains (losses) on available-for-sale securities
	reclassified during the period to the following income
	statement line items:
	Net realized investment gains	$	2,765	$	1,477
	Income before income tax		2,765		1,477
	Tax effect		988		498
	Net income	$	1,777	$	979

Note_9_Sharebased_Compensation2

Note 9. Share-based Compensation: Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Tables)	3 Months Ended
	Mar. 31, 2015
Independence Holding Company Share Based Plans Total Member
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
			Three Months Ended
			March 31,
			2015		2014
	IHC’s Share-based Compensation Plan:
	Stock options	$	55	$	66
	Restricted stock units		21		19
	SARs		-29		-81
	Share-based compensation expense, pre-tax		47		4
	Tax benefits		19		1
	Share-based compensation expense, net	$	28	$	3
American Independence Corp Share Based Plans Total Member
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
				Three Months Ended
				March 31,
				2015		2014
	AMIC’s Share-based Compensation Plans:
	Stock options		$	11	$	12
	Share-based compensation expense, pre-tax			11		12
	Tax benefits			4		4
	Share-based compensation expense, net		$	7	$	8

Note_9_Sharebased_Compensation3

Note 9. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	3 Months Ended
	Mar. 31, 2015
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-14	614,680	$	9.33
	Exercised	-14,600		9.09
	31-Mar-15	600,080	$	9.34
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-14	166,616	$	10.5
	Expired	(46,500)		14.1
	31-Mar-15	120,116	$	9.11

Note_9_Sharebased_Compensation4

Note 9. Share-based Compensation: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding (Tables)	3 Months Ended
	Mar. 31, 2015
Independence Holding Company Share Based Plans Total Member
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding
			31-Mar-15
			Outstanding		Exercisable
	Number of options		600,080		600,080
	Weighted average exercise price per share	$	9.34	$	9.34
	Aggregate intrinsic value for all options (in thousands)	$	2,551	$	2,551
	Weighted average contractual term remaining		2.1 years		2.1 years
American Independence Corp Share Based Plans Total Member
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding
			31-Mar-15
			Outstanding		Exercisable
	Number of options		120,116		102,337
	Weighted average exercise price per share	$	9.11	$	9.06
	Aggregate intrinsic value for all options (in thousands)	$	215	$	193
	Weighted average contractual term remaining		4.10 years		3.28 years

Note_11_Segment_Reporting_Sche

Note 11. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Segment Reporting Information, by Segment
			Three Months Ended
			March 31,
			2015		2014
	Revenues:
	Medical Stop-Loss	$	56,012	$	47,588
	Fully  Insured Health		46,532		66,539
	Group disability, life, annuities and DBL		20,748		16,427
	Individual life, annuities and other		8,924		8,938
	Corporate		49		29
			132,265		139,521
	Net realized investment gains		2,000		1,551
	Total revenues	$	134,265	$	141,072
	Income before income taxes:
	Medical Stop-Loss	$	5,353	$	4,738
	Fully Insured Health (A)		1,277		1,908
	Group disability, life, annuities and DBL		3,215		1,177
	Individual life, annuities and other (B)		(1,053)		(1,109)
	Corporate		(1,760)		(1,919)
			7,032		4,795
	Net realized investment gains		2,000		1,551
	Interest expense		(432)		(481)
	Income before income taxes	$	8,600	$	5,865

Note_1_Organization_Consolidat4

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies (Details)	Mar. 31, 2015	Dec. 31, 2014
GeneveAffiliatedEntityMember
EntityCommonStockOutstandingOwnershipPercent	52.80%
AMICSubsidiariesMember
Noncontrolling Interest, Ownership Percentage by Parent	92.00%	90.00%

Note_1_Organization_Consolidat5

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net	($199)
AMICSubsidiariesMember
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent	($199)

Note_2_Income_Per_Common_Share1

Note 2. Income Per Common Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Details
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	167	140

Note_3_Investment_Securities_S1

Note 3. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Available For Sale Debt Securities Amortized Cost Basis	$562,618	$585,160
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	6,607	4,849
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	5,081	6,129
Fixed maturities, available-for-sale	564,144	583,880
Available For Sale Equity Securities Amortized Cost Basis	7,259	12,456
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	185	1,586
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	94	147
Equity securities, available-for-sale	7,350	13,895
Corporate Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	252,958	264,162
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	1,971	1,076
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	3,384	3,314
Fixed maturities, available-for-sale	251,545	261,924
Residential Mortgage Backed Securities Member
Available For Sale Debt Securities Amortized Cost Basis	5,567	5,073
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	120	55
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax		22
Fixed maturities, available-for-sale	5,687	5,106
Commercial Mortgage Backed Securities
Available For Sale Debt Securities Amortized Cost Basis	975	975
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	41
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax		22
Fixed maturities, available-for-sale	1,016	953
US Treasury Securities
Available For Sale Debt Securities Amortized Cost Basis	20,627	22,766
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	321	126
Fixed maturities, available-for-sale	20,948	22,892
US Government Agencies Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	61	65
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	3	4
Fixed maturities, available-for-sale	64	69
US Government-sponsored Enterprises Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	14,246	14,706
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	81	36
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	60	86
Fixed maturities, available-for-sale	14,267	14,656
US States and Political Subdivisions Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	227,497	238,514
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	3,666	3,253
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	1,600	2,386
Fixed maturities, available-for-sale	229,563	239,381
Foreign Government Debt
Available For Sale Debt Securities Amortized Cost Basis	36,651	34,863
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	279	136
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	37	299
Fixed maturities, available-for-sale	36,893	34,700
Redeemable Preferred Stock
Available For Sale Debt Securities Amortized Cost Basis	4,036	4,036
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	125	163
Fixed maturities, available-for-sale	4,161	4,199
COMMON STOCK
Available For Sale Equity Securities Amortized Cost Basis	3,255	8,452
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax		1,452
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	94	147
Equity securities, available-for-sale	3,161	9,757
Nonredeemable Preferred Stock
Available For Sale Equity Securities Amortized Cost Basis	4,004	4,004
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	185	134
Equity securities, available-for-sale	$4,189	$4,138

Note_3_Investment_Securities_I1

Note 3. Investment Securities: Investments Classified by Contractual Maturity Date (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Details
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis	$18,337
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value	18,293
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Amortized Cost Basis	130,742
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Fair Value	131,020
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Amortized Cost Basis	174,298
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Fair Value	176,095
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Amortized Cost Basis	219,399
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Fair Value	218,751
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	19,842
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	19,985
Available For Sale Debt Securities Amortized Cost Basis	562,618	585,160
Fixed maturities, available-for-sale	$564,144	$583,880

Note_3_Investment_Securities_A1

Note 3. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	$128,525	$161,904
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2,738	2,540
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	111,333	161,489
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	2,437	3,736
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	239,858	323,393
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	5,175	6,276
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	54	70
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	34	46
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	88	116
Corporate Debt Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	85,635	77,868
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2,326	1,473
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	48,574	69,498
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1,058	1,841
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	134,209	147,366
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	3,384	3,314
US Government-sponsored Enterprises Debt Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	5,200	9,581
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	60	86
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	5,200	9,581
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	60	86
US States and Political Subdivisions Debt Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	35,045	58,819
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	315	744
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	56,185	67,318
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	1,285	1,642
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	91,230	126,137
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	1,600	2,386
Foreign Government Debt
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	4,684	21,148
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	3	171
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	1,374	12,229
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	34	128
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	6,058	33,377
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	37	299
Debt Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	125,364	159,897
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	2,644	2,404
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	111,333	161,141
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	2,437	3,725
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	236,697	321,038
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	5,081	6,129
COMMON STOCK
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,161	2,007
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	94	136
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		348
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		11
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,161	2,355
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	94	147
Equity Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,161	2,007
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	94	136
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		348
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		11
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,161	2,355
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	94	147
Residential Mortgage Backed Securities Member
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value		2,062
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		16
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		1,562
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		6
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		3,624
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		22
Commercial Mortgage Backed Securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		953
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss		22
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		953
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		$22

Note_3_Investment_Securities_R1

Note 3. Investment Securities: Realized Gain (Loss) on Investments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	$2,765	$1,477
Trading Securities, Realized Gain (Loss)	-507	5
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	2,258	1,482
Trading Securities, Change in Unrealized Holding Gain (Loss)	-251	69
Marketable Securities, Unrealized Gain (Loss), Excluding Other than Temporary Impairments	-251	69
Gain (Loss) on Sale of Other Investments	-7
Net realized investment gains	2,000	1,551
Debt Securities
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	1,300	1,477
COMMON STOCK
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	$1,465

Note_3_Investment_Securities_D

Note 3. Investment Securities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$106,415	$97,550
Available-for-sale Securities, Gross Realized Gains	3,114	2,605
Available-for-sale Securities, Gross Realized Losses	182	419
Collateralized Mortgage Backed Securities
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) (Available-for-sale Securities, USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Available-for-sale Securities
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$473	$473	$473	$473
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held	$473	$473	$473	$473

Note_4_Cash_Flow_Hedge_Details

Note 4. Cash Flow Hedge (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Notes Payable to Banks
Long Term Debt Percentage Bearing Fixed Interest Rate	4.95%	4.95%
Interest Rate Swap | Designated as Hedging Instrument
Derivative Liability Notional Amount	4,000	4,000
Derivative Fixed Interest Rate	1.60%	1.60%
Interest Rate Swap | Designated as Hedging Instrument | Accounts Payable and Accrued Liabilities
Derivative Liability, Fair Value, Gross Liability	41	83

Note_5_Fair_Value_Disclosures_5

Note 5. Fair Value Disclosures: Fair Value Measurements, Recurring and Nonrecurring (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fixed maturities, available-for-sale	$564,144	$583,880
Equity securities, available-for-sale	7,350	13,895
Trading securities	9,520	11,095
Corporate Debt Securities
Fixed maturities, available-for-sale	251,545	261,924
Residential Mortgage Backed Securities Member
Fixed maturities, available-for-sale	5,687	5,106
Commercial Mortgage Backed Securities
Fixed maturities, available-for-sale	1,016	953
US Treasury Securities
Fixed maturities, available-for-sale	20,948	22,892
US Government Agencies Debt Securities
Fixed maturities, available-for-sale	64	69
US Government-sponsored Enterprises Debt Securities
Fixed maturities, available-for-sale	14,267	14,656
US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	229,563	239,381
Foreign Government Debt
Fixed maturities, available-for-sale	36,893	34,700
Redeemable Preferred Stock
Fixed maturities, available-for-sale	4,161	4,199
COMMON STOCK
Equity securities, available-for-sale	3,161	9,757
Nonredeemable Preferred Stock
Equity securities, available-for-sale	4,189	4,138
Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	564,144	583,880
Equity securities, available-for-sale	7,350	13,895
Trading securities	9,520	11,095
Financial Assets, Fair Value Disclosure	581,014	608,870
Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative Liability, Fair Value, Gross Liability	41	83
Fair Value, Measurements, Recurring | Corporate Debt Securities
Fixed maturities, available-for-sale	251,545	261,924
Fair Value, Measurements, Recurring | Residential Mortgage Backed Securities Member
Fixed maturities, available-for-sale	5,687	5,106
Fair Value, Measurements, Recurring | Commercial Mortgage Backed Securities
Fixed maturities, available-for-sale	1,016	953
Fair Value, Measurements, Recurring | US Treasury Securities
Fixed maturities, available-for-sale	20,948	22,892
Fair Value, Measurements, Recurring | US Government Agencies Debt Securities
Fixed maturities, available-for-sale	64	69
Fair Value, Measurements, Recurring | US Government-sponsored Enterprises Debt Securities
Fixed maturities, available-for-sale	14,267	14,656
Fair Value, Measurements, Recurring | US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	229,563	239,381
Fair Value, Measurements, Recurring | Foreign Government Debt
Fixed maturities, available-for-sale	36,893	34,700
Fair Value, Measurements, Recurring | Redeemable Preferred Stock
Fixed maturities, available-for-sale	4,161	4,199
Fair Value, Measurements, Recurring | COMMON STOCK
Equity securities, available-for-sale	3,161	9,757
Fair Value, Measurements, Recurring | Nonredeemable Preferred Stock
Equity securities, available-for-sale	4,189	4,138
Fair Value, Measurements, Recurring | Equity Securities
Trading securities	9,520	11,095
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	4,161	4,199
Equity securities, available-for-sale	7,350	13,895
Trading securities	9,520	11,095
Financial Assets, Fair Value Disclosure	21,031	29,189
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Redeemable Preferred Stock
Fixed maturities, available-for-sale	4,161	4,199
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | COMMON STOCK
Equity securities, available-for-sale	3,161	9,757
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Nonredeemable Preferred Stock
Equity securities, available-for-sale	4,189	4,138
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Equity Securities
Trading securities	9,520	11,095
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	556,686	576,414
Financial Assets, Fair Value Disclosure	556,686	576,414
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative Liability, Fair Value, Gross Liability	41	83
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate Debt Securities
Fixed maturities, available-for-sale	251,545	261,924
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Residential Mortgage Backed Securities Member
Fixed maturities, available-for-sale	5,687	5,106
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US Treasury Securities
Fixed maturities, available-for-sale	20,948	22,892
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US Government Agencies Debt Securities
Fixed maturities, available-for-sale	64	69
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US Government-sponsored Enterprises Debt Securities
Fixed maturities, available-for-sale	14,267	14,656
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	227,282	237,067
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Foreign Government Debt
Fixed maturities, available-for-sale	36,893	34,700
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	3,297	3,267
Financial Assets, Fair Value Disclosure	3,297	3,267
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Commercial Mortgage Backed Securities
Fixed maturities, available-for-sale	1,016	953
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	$2,281	$2,314

Note_5_Fair_Value_Disclosures_6

Note 5. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$3,267	$3,034
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	50	260
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	-20	-15
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	3,297	3,279
Commercial Mortgage Backed Securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	953	593
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	63	276
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	1,016	869
US States and Political Subdivisions Debt Securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,314	2,441
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	-13	-16
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	-20	-15
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$2,281	$2,410

Note_5_Fair_Value_Disclosures_7

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Funds on deposit	$181,119	$186,782
Estimate of Fair Value, Fair Value Disclosure | Fair Value, Inputs, Level 2
Policy Loans Receivable	13,192	13,356
Funds on deposit	181,539	187,213
Long-term Debt	42,146	42,146
Carrying (Reported) Amount, Fair Value Disclosure
Policy Loans Receivable	10,535	10,667
Funds on deposit	181,119	186,782
Long-term Debt	$42,146	$42,146

Note_6_Goodwill_and_Other_Inta3

Note 6. Goodwill and Other Intangible Assets (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Details
Goodwill	$50,318		$50,318
Intangible Assets, Net (Excluding Goodwill)	11,730		12,135
Amortization of Intangible Assets	$404	$679

Note_6_Goodwill_and_Other_Inta4

Note 6. Goodwill and Other Intangible Assets: Schedule of Finite-Lived Intangible Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets, Gross	$22,725	$22,725
Finite-Lived Intangible Assets, Accumulated Amortization	18,972	18,567
Customer Relationships
Finite-Lived Intangible Assets, Gross	22,725	22,725
Finite-Lived Intangible Assets, Accumulated Amortization	$18,972	$18,567

Note_6_Goodwill_and_Other_Inta5

Note 6. Goodwill and Other Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$7,977	$7,977
Licensing Agreements
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$7,977	$7,977

Note_7_Income_Taxes_Details

Note 7. Income Taxes (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
In Thousands, unless otherwise specified
AMICSubsidiariesMember
Deferred Tax Assets, Net	$10,864		$11,517
AMIC | Domestic Tax Authority
Operating Loss Carryforwards	$263,184	[1]
[1]	Which expire in varying amounts through 2028, a significant portion expires in 2020.

Note_8_Accumulated_Other_Compr3

Note 8. Accumulated Other Comprehensive Income (loss): Schedule of Accumulated Other Comprehensive Income (Loss) (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accumulated other comprehensive income (loss)	$22	($10,472)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	2,694	6,628
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1,777	979
Other comprehensive income (loss), net of tax	917	5,649
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-43	-131
Unrealized Gains/Losses Purchased from Noncontrolling Interests	5
Accumulated other comprehensive income (loss)	901	-4,954
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated other comprehensive income (loss)	72	-10,350
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	2,685	6,618
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1,777	979
Other comprehensive income (loss), net of tax	908	5,639
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	-43	-131
Unrealized Gains/Losses Purchased from Noncontrolling Interests	5
Accumulated other comprehensive income (loss)	942	-4,842
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated other comprehensive income (loss)	-50	-122
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	9	10
Other comprehensive income (loss), net of tax	9	10
Accumulated other comprehensive income (loss)	($41)	($112)

Note_8_Accumulated_Other_Compr4

Note 8. Accumulated Other Comprehensive Income (loss): Reclassification out of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net realized investment gains	$2,000	$1,551
Income (loss) from continuing operations before income taxes	8,600	5,865
Income taxes (benefits)	3,269	1,860
Net income (loss)	5,331	4,005
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss)
Net realized investment gains	2,765	1,477
Income (loss) from continuing operations before income taxes	2,765	1,477
Income taxes (benefits)	988	498
Net income (loss)	$1,777	$979

Note_9_Sharebased_Compensation5

Note 9. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Details)	3 Months Ended
	Mar. 31, 2015
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

Note_9_Sharebased_Compensation6

Note 9. Share-based Compensation (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Independence Holding Company Share Based Plans Total Member
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	377,286
Independence Holding Company Share Based Plans Total Member | Employee Stock Option
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options	$133
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	63
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options	10
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	$12.09
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options	110
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period For Recognition 1	1 year 6 months
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	131,350	136,850
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised	5,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid	29
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs) | Accounts Payable and Accrued Liabilities
Deferred Compensation Share-based Arrangements, Liability, Current and Noncurrent	733	791
American Independence Corp Share Based Plans Total Member | Employee Stock Option
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options	$72

Note_9_Sharebased_Compensation7

Note 9. Share-based Compensation: Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Independence Holding Company Share Based Plans Total Member
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$19	$1
Allocated Share-based Compensation Expense, Net of Tax	28	3
Independence Holding Company Share Based Plans Total Member | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	47	4
Independence Holding Company Share Based Plans Total Member | Employee Stock Option | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	55	66
Independence Holding Company Share Based Plans Total Member | Restricted Stock Units (RSUs) | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	21	19
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs) | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	-29	-81
American Independence Corp Share Based Plans Total Member
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	4	4
Allocated Share-based Compensation Expense, Net of Tax	7	8
American Independence Corp Share Based Plans Total Member | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	11	12
American Independence Corp Share Based Plans Total Member | Employee Stock Option | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	$11	$12

Note_9_Sharebased_Compensation8

Note 9. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) (Employee Stock Option, USD $)	3 Months Ended
	Mar. 31, 2015
Independence Holding Company Share Based Plans Total Member
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	614,680
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.33
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	14,600
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	$9.09
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	600,080
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.34
American Independence Corp Share Based Plans Total Member
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	166,616
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$10.50
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number	120,116
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$9.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	46,500
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	$14.10

Note_9_Sharebased_Compensation9

Note 9. Share-based Compensation: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding (Details) (Employee Stock Option, USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015
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	600,080
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	600,080
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$9.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price	$9.34
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	$2,551
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	2,551
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 1 month 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 1 month 6 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	120,116
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number	102,337
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price	$9.11
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price	$9.06
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value	215
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value	$193
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	4 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	3 years 3 months 11 days

Note_10_Supplemental_Disclosur1

Note 10. Supplemental Disclosures of Cash Flow Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Details
Income Taxes Paid (Refunds), Net	($132)	$229
Interest Paid	$438	$464

Note_11_Segment_Reporting_Sche1

Note 11. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
TOTAL REVENUES	$134,265	$141,072
Income (loss) from continuing operations before income taxes	8,600	5,865
Operating Segments
TOTAL REVENUES	132,265	139,521
Income (loss) from continuing operations before income taxes	7,032	4,795
Segment Reconciling Items | Net realized investment gains
TOTAL REVENUES	2,000	1,551
Income (loss) from continuing operations before income taxes	2,000	1,551
Segment Reconciling Items | Interest Expense
Income (loss) from continuing operations before income taxes	-432	-481
Medical Stop-Loss Segment Member
TOTAL REVENUES	56,012	47,588
Income (loss) from continuing operations before income taxes	5,353	4,738
Fully Insured Segment Member
TOTAL REVENUES	46,532	66,539
Income (loss) from continuing operations before income taxes	1,277	1,908
Group disability, life annuities and DBL Segment Member
TOTAL REVENUES	20,748	16,427
Income (loss) from continuing operations before income taxes	3,215	1,177
Individual life annuities and other Segment Member
TOTAL REVENUES	8,924	8,938
Income (loss) from continuing operations before income taxes	-1,053	-1,109
Corporate
TOTAL REVENUES	49	29
Income (loss) from continuing operations before income taxes	($1,760)	($1,919)

Note_11_Segment_Reporting_Deta

Note 11. Segment Reporting (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Amortization of Intangible Assets	$404	$679
Fully Insured Segment Member
Amortization of Intangible Assets	263	492
Individual life annuities and other Segment Member
Amortization of Other Deferred Charges	$354	$111