Independence Holding (IHC) 10-Q 15 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Aug. 12, 2016
Document and Entity Information
Entity Registrant Name	Independence Holding Company
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Entity Central Index Key	701,869
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		17,170,933
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Public Float	$ 131,292
Trading Symbol	ihc

INDEPENDENCE HOLDING COMPANY CO

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (June 30, 2016 Unaudited) - USD ($) $ in Thousands		Jun. 30, 2016		Dec. 31, 2015
Investments:
Short-term investments		$ 50		$ 50
Securities purchased under agreements to resell		16,232		28,285
Trading securities		1,216		1,259
Fixed maturities, available-for-sale		560,135		428,601
Equity securities, available-for-sale		8,941		8,426
Other investments		20,294		21,538
Total investments		606,868		488,159
Cash and cash equivalents		26,624		17,500
Due and unpaid premiums		59,386		69,075
Due from reinsurers		488,337		483,073
Premium and claim funds		24,671		22,015
Goodwill		47,276		47,276
Other assets		44,718		57,934
Assets attributable to discontinued operations				12,931
TOTAL ASSETS		1,297,880		1,197,963
LIABILITIES:
Policy benefits and claims		247,568		245,443
Future policy benefits		233,603		270,624
Funds on deposit		150,040		173,350
Unearned premiums		11,747		10,236
Other policyholders' funds		9,695		11,822
Due to reinsurers		81,550		46,355
Accounts payable, accruals and other liabilities		60,406		64,109
Liabilities attributable to discontinued operations		2,410		(15)
Debt		4,025		5,189
Junior subordinated debt securities		38,146		38,146
TOTAL LIABILITIES		839,190		865,259
IHC STOCKHOLDERS' EQUITY:
Preferred stock	[1]
Common Stock		18,584	[2]	18,569	[3]
Paid-in capital		128,303		127,733
Accumulated other comprehensive income (loss)		4,054		(3,440)
Treasury stock, at cost		(15,753)	[4]	(13,961)	[5]
Retained earnings		304,075		194,450
TOTAL IHC STOCKHOLDERS' EQUITY		439,263		323,351
NONCONTROLLING INTERESTS IN SUBSIDIARIES		19,427		9,353
TOTAL EQUITY		458,690		332,704
TOTAL LIABILITIES AND EQUITY		$ 1,297,880		$ 1,197,963
[1]	None issued.
[2]	$1 par value; 23,000,000 shares authorized, 18,584,358 shares issued and 17,170,933 shares outstanding.
[3]	$1 par value; 23,000,000 shares authorized, 18,569,183 shares issued and 17,265,758 shares outstanding.
[4]	1,413,425 treasury shares
[5]	1,303,425 treasury shares

INDEPENDENCE HOLDING COMPANY C3

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (June 30, 2016 Unaudited) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
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	18,584,358	18,569,183
Common Stock, shares outstanding	17,170,933	17,265,758
Treasury Stock, shares	1,413,425	1,303,425

INDEPENDENCE HOLDING COMPANY C4

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
REVENUES:
Premiums earned	$ 65,627	$ 120,443	$ 128,189	$ 242,557
Net investment income	4,260	4,488	8,696	9,910
Fee income	3,412	4,417	8,491	6,994
Other income	3,379	1,567	6,637	2,559
Net realized investment gains	1,018	2,100	1,578	4,100
Net impairment losses recognized in earnings			0	0
TOTAL REVENUES	77,696	133,015	153,591	266,120
EXPENSES:
Insurance benefits, claims and reserves	40,477	79,380	71,220	159,000
Selling, general and administrative expenses	29,897	44,954	65,124	90,438
Interest expense on debt	473	478	926	910
TOTAL EXPENSES	70,847	124,812	137,270	250,348
Income (loss) from continuing operations before income taxes	6,849	8,203	16,321	15,772
Income taxes (benefits)	2,354	2,981	5,930	5,849
Income from continuing operations	4,495	5,222	10,391	9,923
Discontinued operations: (Note 3)
Income (loss) from discontinued operations, before income taxes		(82)	117,636	949
Income taxes (benefits) on discontinued operations	(142)	(16)	7,724	385
Income (loss) from discontinued operations	142	(66)	109,912	564
Net income (loss)	4,637	5,156	120,303	10,487
(Income) loss from noncontrolling interests in subsidiaries	(201)	(124)	(9,857)	(236)
NET INCOME (LOSS) ATTRIBUTABLE TO IHC	$ 4,436	$ 5,032	$ 110,446	$ 10,251
Basic income per common share: (Note 2)
Basic income (loss) per common share from continuing operations	$ 0.25	$ 0.29	$ 0.59	$ 0.56
Basic income (loss) per common share from discontinued operations	0.01	0	5.83	0.03
Basic income (loss) per common share	$ 0.26	$ 0.29	$ 6.42	$ 0.59
WEIGHTED AVERAGE SHARES OUTSTANDING	17,204	17,338	17,223	17,351
Diluted income per common share: (Note 2)
Diluted income (loss) per common share from continuing operations	$ 0.25	$ 0.29	$ 0.58	$ 0.56
Diluted income (loss) per common share from discontinued operations	0.01	0	5.76	0.03
Diluted income (loss) per common share	$ 0.26	$ 0.29	$ 6.34	$ 0.59
WEIGHTED AVERAGE DILUTED SHARES OUTSTANDING	17,417	17,501	17,433	17,516

INDEPENDENCE HOLDING COMPANY C5

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
STATEMENT OF COMPREHENSIVE INCOME
Net income (loss)	$ 4,637	$ 5,156	$ 120,303	$ 10,487
Available-for-sale securities:
Unrealized gains (losses) on available-for-sale securities	7,204	(6,432)	11,907	(5,112)
Tax (benefit) on unrealized gains (losses) on available-for-sale securities	2,563	(2,281)	4,248	(1,878)
Unrealized gains (losses) on available-for-sale securities, net of tax	4,641	(4,151)	7,659	(3,234)
Other comprehensive income (loss), net of tax	4,641	(4,151)	7,659	(3,234)
Comprehensive income (loss), net of tax	9,278	1,005	127,962	7,253
Comprehensive (income) loss, net of tax, attributable to noncontrolling interests:
(Income) loss from noncontrolling interests in subsidiaries	(201)	(124)	(9,857)	(236)
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests:
Net unrealized (gains) losses on available-for-sale securities, net of tax, attributable to noncontrolling interests	(108)	33	(165)	(10)
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	(108)	33	(165)	(10)
Comprehensive (income) loss, net of tax, attributable to noncontrolling interests	(309)	(91)	(10,022)	(246)
Comprehensive income (loss), net of tax, attributable to IHC	$ 8,969	$ 914	$ 117,940	$ 7,007

INDEPENDENCE HOLDING COMPANY C6

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands	COMMON STOCK, AMOUNT	PAID-IN CAPITAL	ACCUMULATED OTHER COMPREHENSIVE INCOME(LOSS)	TREASURY STOCK, AT COST, AMOUNT	RETAINED EARNINGS	TOTAL IHC STOCKHOLDERS' EQUITY		NON-CONTROLLING INTERESTS	Total
Stockholders Equity at Dec. 31, 2015	$ 18,569	$ 127,733	$ (3,440)	$ (13,961)	$ 194,450	$ 323,351		$ 9,353	$ 332,704
Net income (loss)					110,446	110,446		9,857	120,303
Other comprehensive income (loss), net of tax			7,494			7,494		165	7,659
Repurchases of common stock				(1,792)		(1,792)			(1,792)
Common stock dividend					(773)	(773)	[1]		(773)	[1]
Share-based compensation and related tax effects	15	292				307			307
Other capital transactions		278			(48)	230		52	282
Stockholders Equity at Jun. 30, 2016	$ 18,584	$ 128,303	$ 4,054	$ (15,753)	$ 304,075	$ 439,263		$ 19,427	$ 458,690
[1]	$.045 per share.

INDEPENDENCE HOLDING COMPANY C7

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (Unaudited)	6 Months Ended
	Jun. 30, 2016$ / shares
STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
Common stock dividends declared, per share	$ 0.045

INDEPENDENCE HOLDING COMPANY C8

INDEPENDENCE HOLDING COMPANY CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS PROVIDED BY (USED BY) OPERATING ACTIVITIES:
Net income (loss)	$ 120,303	$ 10,487
Adjustments to reconcile net income to net change in cash from operating activities:
Gain on disposal of discontinued operations	(109,447)
Amortization of deferred acquisition costs	173	2,888
Net realized investment gains	(1,578)	(4,100)
Equity income from equity method investments	24	(577)
Depreciation and amortization	958	1,173
Deferred tax expense (benefits)	1,062	1,052
Other adjustments to reconcile net income	4,700	2,999
Changes in assets and liabilities:
Net sales (purchases) of trading securities	3,180	2,173
Change in insurance liabilities	(22,650)	9,603
Change in amount due from reinsurers	(5,264)	11,646
Change in premium and claim funds	(2,657)	47
Change in current income tax liability	(1,303)	3,890
Change in due and unpaid premiums	9,689	(3,845)
Other operating activities	(8,954)	(3,824)
Net change in cash from operating activities	(11,764)	33,612
CASH FLOWS PROVIDED BY (USED BY) INVESTING ACTIVITIES:
Net sales (purchases) of securities under resale and repurchase agreements	12,053	(6,639)
Sales of equity securities		9,187
Purchases of equity securities		(4,423)
Sales of fixed maturities	159,973	377,835
Maturities and other repayments of fixed maturities	30,892	32,019
Purchases of fixed maturities	(305,798)	(437,826)
Proceeds from sales of subsidiaries, net of cash divested	130,950
Acquisition of subsidiary, net of cash acquired		511
Other investing activites	(2,824)	(693)
Net change in cash from investing activities	25,246	(30,029)
CASH FLOWS PROVIDED BY (USED BY) FINANCING ACTIVITIES:
Payments for repurchases of common stock	(1,792)	(667)
Cash paid in acquisitions of noncontrolling interests		(1,734)
Proceeds (withdrawals) of investment-type insurance contracts	(978)	(1,191)
Repayment of long-term debt	(1,164)
Dividends paid	(780)	(609)
Other financing activities	356	144
Net change in cash from financing activities	(4,358)	(4,057)
Net change in cash and cash equivalents	9,124	(474)
Cash and cash equivalents, beginning of period	17,500	23,408
Cash and cash equivalents, end of period	$ 26,624	$ 22,934

Note 1. Organization, Consolida

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies	6 Months Ended
	Jun. 30, 2016
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 Specialty Benefits Inc. and IHC Carrier Solutions, Inc. IHC also owns a significant equity interest in: (i) Ebix Health Exchange Holdings, LLC (“Ebix Health Exchange”), an administration exchange for health and pet insurance; and (ii) a managing general underwriter (“MGU”) that writes medical stop-loss. On March 31, 2016, the Company sold IHC Risk Solutions, LLC (“Risk Solutions”), its managing general underwriter of excess or stop-loss insurance. 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 approximately 53% of IHC's outstanding common stock at June 30, 2016. (B) Consolidation American Independence Corp. American Independence Corp. (“AMIC”) is an insurance holding company engaged in the insurance and reinsurance business. At June 30, 2016 and December 31, 2015, the Company owned approximately 91% and 92% , respectively, 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 periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Changes in IHC’s paid-in capital: Purchase of AMIC shares $ - $ - $ - $ (199) Purchase remaining IPA Family, LLC interests - 311 - 311 Net transfers from noncontrolling interests $ - $ 311 $ - $ 112 (C) Basis of Presentation The unaudited 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 unaudited 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 unaudited Condensed Consolidated Financial Statements. On March 31, 2016, the Company sold Risk Solutions, its managing general underwriter of excess or stop-loss insurance for self-insured employer groups that desire to manage the risk of large medical claims (“Medical Stop-Loss”). In addition, under the purchase and sale agreement, all of the in-force stop-loss business of Standard Security Life and Independence American produced by Risk Solutions is 100% co-insured as of January 1, 2016. IHC’s block of medical stop-loss business is in run-off. The sale of Risk Solutions and exit from the medical stop-loss business represents a strategic shift that will have a major effect on the Company’s operations and financial results. The disposal transaction qualifies for reporting as discontinued operations in the first quarter of 2016 as a result of the Board of Directors commitment to a plan for its disposal in January 2016. The assets, liabilities, and related income and expenses associated with the disposal group are presented as discontinued operations in the accompanying condensed consolidated financial statements and Notes thereto. The results of discontinued operations reflect the operations of the disposed MGUs. See Note 3 for more information. The run-off of IHC’s remaining block of medical stop-loss business is in continuing operations. In the opinion of management, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods have been included. The condensed consolidated results of operations for the three months and six months ended June 30, 2016 (D) Reclassifications Certain amounts in prior year’s consolidated financial statements and Notes thereto have been reclassified to conform to the 2016 presentation, primarily for the effects of discontinued operations. (E) Recent Accounting Pronouncements Recently Adopted Accounting Standards In September 2015, the FASB issued guidance to simplify the accounting for adjustments made to provisional amounts recognized in a business combination and eliminate the requirement to retrospectively account for those adjustments. The adoption of this guidance is did not have a material effect on the Company’s consolidated financial statements. In February 2015, 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. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. Recently Issued Accounting Standards Not Yet Adopted In June 2016, the FASB issued guidance requiring financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. An allowance for credit losses will be deducted from the amortized cost basis to present the net carrying value at the amount expected to be collected with changes in the allowance recorded in earnings. Credit losses relating to available-for-sale debt securities will also be recorded through an allowance for credit losses rather than a write-down, which would be limited to the amount by which fair value is below the amortized cost. Certain existing requirements used to evaluate credit losses have been removed. For public entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The amendments in this Update should be applied through a cumulative effect adjustment to retained earnings upon adoption as of the beginning of the first reporting period in which the guidance is effective. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In March 2016, the FASB issued guidance that simplify several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification in the statement of cash flows. The amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In March 2016, the FASB issued guidance that eliminates the requirement for retroactive adjustments on the date that a previously held investment qualifies for the equity method of accounting as a result of an increase in ownership interest or degree of influence. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 and should be applied prospectively upon their effective date. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In February 2016, the FASB issued guidance that requires lessees to recognize the assets and liabilities that arise from leases, including operating leases, on the statement of financial position. The amendments in this Update are effective for fiscal years beginning after December 31, 2018, including interim periods within those fiscal years, using a modified retrospective approach. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In January 2016, the FASB issued guidance that eliminates the requirement to classify equity securities with readily determinable fair values as trading or available-for-sale. The guidance requires equity securities (including other ownership interests, such as partnerships, unincorporated joint ventures, and limited liability companies) to be measured at fair value with changes in the fair value recognized through net income, simplifies the impairment assessment of equity securities without readily determinable fair values and requires changes in disclosure requirements. For public entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted in certain circumstances. The amendments in this Update should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values (including disclosure requirements) should be applied prospectively to equity investments that exist as of the date of adoption of the Update. The adoption of this guidance is not expected to have a material effect on the Company’s Consolidated Balance Sheet or IHC’s stockholders’ equity. In May 2015, the FASB issued guidance requiring additional disclosures for short-duration contracts regarding the liability for unpaid claims and claim adjustment expenses. For public entities, the guidance is effective for annual reporting periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. The adoption of this guidance is not expected to have a significant 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. In 2016, additional guidance was issued to clarify certain aspects of the implementation guidance and to clarify the identification of performance obligations. In August 2015, the effective date of this guidance has been deferred. For public entities, this guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and requires one of two specified retrospective methods of application. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. 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	6 Months Ended
	Jun. 30, 2016
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 213,000 and 210,000 shares for the three months and six months ended June 30, 2016 The following is a reconciliation of income available to common shareholders used to calculate income per share for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30 June 30 2016 2015 2016 2015 Income from continuing operations $ 4,495 $ 5,222 $ 10,391 $ 9,923 Less: Income from continuing operations attributable to noncontrolling interests (199) (125) (305) (195) Income from continuing operations attributable to IHC common shareholders $ 4,296 $ 5,097 $ 10,086 $ 9,728 Income (loss) from discontinued operations $ 142 $ (66) $ 109,912 $ 564 Less: (Income) loss from discontinued operations attributable to noncontrolling interests (2) 1 (9,552) (41) Income (loss) from discontinued operations attributable to IHC common shareholders $ 140 $ (65) $ 100,360 $ 523

Note 3. Discontinued Operations

Note 3. Discontinued Operations	6 Months Ended
	Jun. 30, 2016
Notes
Note 3. Discontinued Operations	Note 3. Discontinued Operations On March 31, 2016, IHC and its subsidiary Independence American sold the stock of Risk Solutions to Swiss Re Corporate Solutions, a division of Swiss Re (“Swiss Re”). In addition, under the purchase and sale agreement, all of the in-force stop-loss business of Standard Security Life and Independence American produced by Risk Solutions is co-insured by Westport Insurance Corporation (“Westport”), Swiss Re’s largest US carrier, as of January 1, 2016. The aggregate purchase price was $152,500,000 in cash, subject to adjustments and settlements. Approximately 89% of the purchase price was allocated to AMIC, with the balance being paid to Standard Security Life and other IHC subsidiaries. The Company recorded a gain of $99,934,000 , net of taxes and amounts attributable to noncontrolling interests, as a result of the transaction. The aforementioned transaction, which includes the sale of Risk Solutions and the corresponding coinsurance agreement, is collectively referred to as the “Risk Solutions Sale and Coinsurance Transaction”. IHC’s block of Medical Stop-Loss business is in run-off. The sale of Risk Solutions and exit from the medical stop-loss business represents a strategic shift that will have a major effect on the Company’s operations and financial results. The disposal transaction qualifies for reporting as discontinued operations in the first quarter of 2016 as a result of the Board of Directors commitment to a plan for its disposal in January 2016. Aside from reinsurance and marketing of Westport small group stop-loss, there will be no further involvement with the discontinued operation. The following is a reconciliation of the major line items constituting the pretax profit of discontinued operations for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue $ - $ 90 $ 6,406 $ 1,250 Selling, general and administrative expenses - 172 5,689 301 Pretax profit (loss) of discontinued operations - (82) 717 949 Gain on disposal of discontinued operations, pretax - - 116,919 - Income (loss) from discontinued operations, before income taxes - (82) 117,636 949 Income taxes (benefits) on discontinued operations (142) (16) 7,724 385 Income (loss) from discontinued operations $ 142 $ (66) $ 109,912 $ 564 The following is a reconciliation of the carrying amounts of major classes of assets and liabilities for discontinued operations for the periods indicated (in thousands): June 30, 2016 December 31, 2015 Major classes of assets included in discontinued operations: Cash $ - $ 1,671 Goodwill - 5,664 Intangible assets - 919 Other assets - 4,677 Assets attributable to discontinued operations $ - $ 12,931 Major classes of liabilities included in discontinued operations: Accounts payable and accrued liabilities $ 2,410 $ (15) Liabilities attributable to discontinued operations $ 2,410 $ (15) Total operating cash flows from discontinued operations for the three months and six months ended June 30, 2016 were $0 and $339,000, respectively, and were $(1,178,000) and $(1,062,000) for the three months and six months ended June 30, 2015, respectively. The Company elected to classify the proceeds received from the sale of discontinued operations in the investing activities section of the Condensed Consolidated Statement of Cash Flows. In connection with the Risk Solutions Sale and Coinsurance Transaction in March 2016, AMIC utilized a significant amount of its Federal NOL carryforwards and made a corresponding adjustment to its valuation allowance (see Note 9). On a consolidated basis, the Company recorded income taxes on discontinued operations of $7,724,000 for the six months ended June 30, 2016, consisting of $5,777,000 of state taxes and $1,947,000 of Federal taxes, net of a $38,419,000 decrease in AMIC’s valuation allowance.

Note 4. Investment Securities

Note 4. Investment Securities	6 Months Ended
	Jun. 30, 2016
Notes
Note 4. Investment Securities	Note 4. 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): June 30, 2016 GROSS GROSS AMORTIZED UNREALIZED UNREALIZED FAIR COST GAINS LOSSES VALUE FIXED MATURITIES AVAILABLE-FOR-SALE: Corporate securities $ 238,318 $ 3,773 $ (3,218) $ 238,873 CMOs - residential (1) 2,820 78 - 2,898 U.S. Government obligations 76,216 538 (1) 76,753 Agency MBS - residential (2) 29 1 - 30 GSEs (3) 10,638 2 (162) 10,478 States and political subdivisions 208,894 6,310 (921) 214,283 Foreign government obligations 5,675 75 (42) 5,708 Redeemable preferred stocks 11,454 62 (404) 11,112 Total fixed maturities $ 554,044 $ 10,839 $ (4,748) $ 560,135 EQUITY SECURITIES AVAILABLE-FOR-SALE: Common stocks $ 4,926 $ 337 $ (1) $ 5,262 Nonredeemable preferred stocks 3,588 95 (4) 3,679 Total equity securities $ 8,514 $ 432 $ (5) $ 8,941 December 31, 2015 GROSS GROSS AMORTIZED UNREALIZED UNREALIZED FAIR COST GAINS LOSSES VALUE FIXED MATURITIES AVAILABLE-FOR-SALE: Corporate securities $ 172,621 $ 93 $ (5,868) $ 166,846 CMOs - residential (1) 3,068 2 (14) 3,056 CMOs - commercial 899 296 - 1,195 U.S. Government obligations 44,738 120 (64) 44,794 Agency MBS - residential (2) 34 1 - 35 GSEs (3) 11,814 2 (254) 11,562 States and political subdivisions 194,364 2,159 (1,857) 194,666 Foreign government obligations 2,318 12 (6) 2,324 Redeemable preferred stocks 4,036 101 (14) 4,123 Total fixed maturities $ 433,892 $ 2,786 $ (8,077) $ 428,601 EQUITY SECURITIES AVAILABLE-FOR-SALE: Common stocks $ 4,926 $ - $ (142) $ 4,784 Nonredeemable preferred stocks 3,588 56 (2) 3,642 Total equity securities $ 8,514 $ 56 $ (144) $ 8,426 (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 June 30, 2016, 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 $ 12,176 $ 12,085 Due after one year through five years 169,922 170,784 Due after five years through ten years 187,341 190,815 Due after ten years 171,118 173,045 CMOs and MBSs 13,487 13,406 $ 554,044 $ 560,135 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): June 30, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate securities $ 20,570 $ 83 $ 54,794 $ 3,135 $ 75,364 $ 3,218 U.S. Government obligations 28,247 1 - - 28,247 1 GSEs - - 10,520 162 10,520 162 States and political subdivisions 31,983 256 24,447 665 56,430 921 Foreign government obligations 3,253 42 - - 3,253 42 Redeemable preferred stocks 3,358 404 - - 3,358 404 Total fixed maturities 87,411 786 89,761 3,962 177,172 4,748 Common stocks 501 1 - - 501 1 Nonredeemable preferred stocks 1,323 4 - - 1,323 4 Total equity securities 1,824 5 - - 1,824 5 Total temporarily impaired securities $ 89,235 $ 791 $ 89,761 $ 3,962 $ 178,996 $ 4,753 Number of securities in an unrealized loss position 27 29 56 December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate securities $ 101,903 $ 2,559 $ 55,217 $ 3,309 $ 157,120 $ 5,868 CMO’s - residential 2,867 14 - - 2,867 14 U.S. Government obligations 19,809 64 - - 19,809 64 GSEs 6,539 128 4,997 126 11,536 254 States and political subdivisions 68,898 780 31,351 1,077 100,249 1,857 Foreign government obligations 484 6 - - 484 6 Redeemable preferred stocks 3,749 14 - - 3,749 14 Total fixed maturities 204,249 3,565 91,565 4,512 295,814 8,077 Common stocks 4,784 142 - - 4,784 142 Nonredeemable preferred stocks 1,324 2 - - 1,324 2 Total equity securities 6,108 144 - - 6,108 144 Total temporarily impaired securities $ 210,357 $ 3,709 $ 91,565 $ 4,512 $ 301,922 $ 8,221 Number of securities in an unrealized loss position 99 31 130 Substantially all of the unrealized losses on fixed maturities available-for-sale at June 30, 2016 and December 31, 2015 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 June 30, 2016. Net realized investment gains are as follows for periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Available-for-sale securities: Fixed maturities $ 993 $ 2,114 $ 1,621 $ 3,414 Common stocks - - - 1,465 Total sales of available-for-sale securities 993 2,114 1,621 4,879 Trading securities - 86 - (421) Total realized gains 993 2,200 1,621 4,458 Unrealized gains (losses) on trading securities: Change in unrealized gains (losses) on trading securities 26 (101) (44) (352) Total unrealized gains (losses) on trading securities 26 (101) (44) (352) Gains (losses) on other investments (1) 1 1 (6) Net realized investment gains $ 1,018 $ 2,100 $ 1,578 $ 4,100 For the three months and six months ended June 30, 2016, proceeds from sales of available-for-sale securities were $127,942,000 and $159,436,000, respectively, and the Company realized gross gains of $1,238,000 and $1,853,000, respectively, and gross losses of $164,000 and $181,000, respectively, on those sales. For the three months and six months ended June 30, 2015, proceeds from sales of available-for-sale securities were $279,598,000 and $386,013,000, respectively, and the Company realized gross gains of $2,659,000 and $5,773,000, respectively, and gross losses of $460,000 and $642,000, 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 1H(iv) to the Consolidated Financial Statements in the 2015 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 the first six months of 2016 or 2015. 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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance at beginning of year $ - $ 473 $ 473 $ 473 Securities sold - - (473) - Balance at end of period $ - $ 473 $ - $ 473

Note 5. Fair Value Disclosures

Note 5. Fair Value Disclosures	6 Months Ended
	Jun. 30, 2016
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 Level 2 Level 3 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. Contingent liabilities: Contingent liabilities classified in Level 3 include; (i) a contingent liability assumed in connection with an acquisition related to an earn-out agreement whereby significant unobservable inputs are based on projected income; and (ii) a contingent liability recognized in connection with the deconsolidation of a former subsidiary and a newly formed joint venture transaction whereby significant unobservable inputs are based on projected cash flows. The following tables present our financial assets and liabilities measured at fair value on a recurring basis for the periods indicated (in thousands): June 30, 2016 Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: Fixed maturities available-for-sale: Corporate securities $ - $ 238,873 $ - $ 238,873 CMOs - residential - 2,898 - 2,898 US Government obligations - 76,753 - 76,753 Agency MBS - residential - 30 - 30 GSEs - 10,478 - 10,478 States and political subdivisions - 212,176 2,107 214,283 Foreign government obligations - 5,708 - 5,708 Redeemable preferred stocks 11,112 - - 11,112 Total fixed maturities 11,112 546,916 2,107 560,135 Equity securities available-for-sale: Common stocks 5,262 - - 5,262 Nonredeemable preferred stocks 3,679 - - 3,679 Total equity securities 8,941 - - 8,941 Trading securities - equities 1,216 - - 1,216 Total trading securities 1,216 - - 1,216 Total Financial Assets $ 21,269 $ 546,916 $ 2,107 $ 570,292 FINANCIAL LIABILITIES: Contingent liabilities $ - $ - $ 1,445 $ 1,445 Total Financial Liabilities $ - $ - $ 1,445 $ 1,445 December 31, 2015 Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: Fixed maturities available-for-sale: Corporate securities $ - $ 166,846 $ - $ 166,846 CMOs - residential - 3,056 - 3,056 CMOs - commercial - - 1,195 1,195 US Government obligations - 44,794 - 44,794 Agency MBS - residential - 35 - 35 GSEs - 11,562 - 11,562 States and political subdivisions - 192,487 2,179 194,666 Foreign government obligations - 2,324 - 2,324 Redeemable preferred stocks 4,123 - - 4,123 Total fixed maturities 4,123 421,104 3,374 428,601 Equity securities available-for-sale: Common stocks 4,784 - - 4,784 Nonredeemable preferred stocks 3,642 - - 3,642 Total equity securities 8,426 - - 8,426 Trading securities - equities 1,259 - - 1,259 Total trading securities 1,259 - - 1,259 Total Financial Assets $ 13,808 $ 421,104 $ 3,374 $ 438,286 FINANCIAL LIABILITIES: Interest rate swap $ - $ 11 $ - $ 11 Contingent liabilities - - 1,650 1,650 Total Financial Liabilities $ - $ 11 $ 1,650 $ 1,661 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 2016 or 2015. The following tables present the changes in fair value of our Level 3 financial instruments for the periods indicated (in thousands): Three Months Ended June 30, 2016 Financial Assets: Financial Liabilities States and Total Total Political Level 3 Contingent Level 3 Subdivisions Assets Liabilities Liabilities Beginning balance $ 2,143 $ 2,143 $ 1,555 $ 1,555 Gains (losses) included in earnings: Net investment income - - (110) (110) Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) (10) (10) - - Repayments and amortization of fixed maturities (26) (26) - - Sales - - - - Balance at end of period $ 2,107 $ 2,107 $ 1,445 $ 1,445 Six Months Ended June 30, 2016 Financial Assets: Financial Liabilities States and Total Total CMOs Political Level 3 Contingent Level 3 Commercial Subdivisions Assets Liabilities Liabilities Beginning balance $ 1,195 $ 2,179 $ 3,374 $ 1,650 $ 1,650 Gains (losses) included in earnings: Net investment income - - - (743) (743) Net realized investment gains 141 - 141 - - Other income - - - 538 538 Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) (296) (21) (317) - - Repayments and amortization of fixed maturities (74) (51) (125) - - Sales (966) - (966) - - Balance at end of period $ - $ 2,107 $ 2,107 $ 1,445 $ 1,445 Three Months Ended June 30, 2015 States and Total CMOs Political Level 3 Commercial Subdivisions Assets Beginning balance $ 1,016 $ 2,281 $ 3,297 Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) 217 (12) 205 Repayments and amortization of fixed maturities - (21) (21) Balance at end of period $ 1,233 $ 2,248 $ 3,481 Six Months Ended June 30, 2015 States and Total CMOs Political Level 3 Commercial Subdivisions Assets Beginning balance $ 953 $ 2,314 $ 3,267 Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) 280 (25) 255 Repayments and amortization of fixed maturities - (41) (41) Balance at end of period $ 1,233 $ 2,248 $ 3,481 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): June 30, 2016 December 31, 2015 Level 2 Level 2 Fair Carrying Fair Carrying Value Value Value Value FINANCIAL ASSETS: Policy loans $ 38 $ 38 $ 38 $ 38 FINANCIAL LIABILITIES: Funds on deposit $ 150,286 $ 150,040 $ 173,625 $ 173,350 Debt and junior subordinated debt securities $ 42,125 $ 42,171 $ 43,283 $ 43,335 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 (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. Variable Interest Entit

Note 6. Variable Interest Entities	6 Months Ended
	Jun. 30, 2016
Notes
Note 6. Variable Interest Entities	Note 6. Variable Interest Entities The Company has a minority interest in certain limited partnerships that we have determined to be Variable Interest Entities (“VIEs”). The aforementioned VIEs are not required to be consolidated in the Company’s condensed consolidated financial statements as we are not the primary beneficiary since we do not have the power to direct the activities that most significantly impact the VIEs’ economic performance. The Company will periodically reassess whether we are the primary beneficiary in any of these investments. The reassessment process will consider whether we have acquired the power to direct the most significant activities of the VIE through changes in governing documents or other circumstances. Our maximum loss exposure is limited to our combined $8,927,000 carrying value in these equity investments that are included in other investments in the Condensed Consolidated Balance Sheet as of June 30, 2016.

Note 7. Related Party Transacti

Note 7. Related Party Transactions	6 Months Ended
	Jun. 30, 2016
Notes
Note 7. Related Party Transactions	Note 7. Related Party Transactions Through a joint venture consummated in 2015, the Company has a significant equity interest in Ebix Health Exchange. Ebix Health Exchange administers various lines of health insurance for IHC’s insurance subsidiaries. The carrying value of the Company’s equity investment in Ebix Health Exchange was $8,771,000 and 9,838,000 at June 30, 2016 and December 31, 2015, respectively. Ebix Health Exchange reported a net loss of $367,000 and $1,188,000 for the three months and six months ended June 30, 2016, respectively. The Company recorded $257,000 and $445,000 of the losses in earnings for the three months and six months ended June 30, 2016, respectively; and reduced the contingent liability, previously recognized on the acquisition date, by $110,000 and $743,000, respectively, during the three months and six months ended June 30, 2016 representing cash operating losses. The Company’s Condensed Consolidated Balance Sheets at June 30, 2016 and December 31, 2015 include $2,930,000 and $1,397,000, respectively, of notes and other amounts receivable from Ebix Health Exchange, and include $1,970,000 and $405,000, respectively, of administrative fees and other expenses payable to Ebix Health Exchange, which are included in other assets and accounts payable, accruals and other liabilities, respectively. The Company’s Condensed Consolidated Statements of Income for the three months and six months ended June 30, 2016 include $89,000 and $202,000, respectively, of fee income from Ebix Health Exchange, and include $1,338,000 and $2,585,000, respectively, of administrative fee expenses to Ebix Health Exchange, which are included in fee income and selling, general and administrative expenses. There are no comparable amounts for the three months and six months ended June 30, 2015.

Note 8. Goodwill and Other Inta

Note 8. Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2016
Notes
Note 8. Goodwill and Other Intangible Assets	Note 8. Goodwill and Other Intangible Assets Certain prior year balances of goodwill and intangible assets were reclassified to assets attributable to discontinued operations on the accompanying Condensed Consolidated Balance Sheet as of December 31, 2015 to conform to the 2016 presentation (see Notes 1 and 3). The carrying amount of goodwill was $47,276,000 at June 30, 2016 and December 31, 2015. The Company has net other intangible assets of $13,907,000 and $14,598,000 at June 30, 2016 and December 31, 2015, 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): June 30, 2016 December 31, 2015 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Finite-lived Intangible Assets: Agent and broker relationships $ 18,201 $ 13,120 $ 18,201 $ 12,497 Trademarks 1,000 151 1,000 83 Total finite-lived $ 19,201 $ 13,271 $ 19,201 $ 12,580 June 30, December 31, 2016 2015 Indefinite-lived Intangible Assets: Insurance licenses $ 7,977 $ 7,977 Total indefinite-lived $ 7,977 $ 7,977 Amortization expense was $351,000 and $691,000 for the three months and six months ended June 30, 2016, respectively, and was $382,000 and $645,000 for the three months and six months ended June 30, 2015.

Note 9. Income Taxes

Note 9. Income Taxes	6 Months Ended
	Jun. 30, 2016
Notes
Note 9. Income Taxes	Note 9. 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. As a result of the Risk Solutions Sale and Coinsurance Transaction (see Note 3), AMIC utilized approximately $109,770,000 of its operating loss carryforwards. At June 30, 2016, AMIC had remaining net operating loss carryforwards of approximately $147,551,000 for federal income tax purposes, which expire in varying amounts through the year 2028, with a significant portion expiring in 2020.

Note 10. Reinsurance

Note 10. Reinsurance	6 Months Ended
	Jun. 30, 2016
Notes
Note 10. Reinsurance	Note 10. Reinsurance Effective January 1, 2016, all of the in-force stop-loss business of Standard Security Life and Independence American produced by Risk Solutions was co-insured i Risk Solutions Sale and Coinsurance Transaction (see Note 3). As a result of this transaction, the Company recorded $56,055,000 of estimated amounts due from reinsurers. The Company is contingently liable with respect to reinsurance in the unlikely event that the assuming reinsurers are unable to meet their obligations. The ceding of reinsurance does not discharge the primary liability of the original insurer to the insured.

Note 11. Stockholders' Equity

Note 11. Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Notes
Note 11. Stockholders' Equity	Note 11. Stockholders’ Equity Treasury Stock In 2016, IHC repurchased an aggregate 110,000 shares of its common stock in private transactions for $1,792,000. Accumulated Other Comprehensive Income (Loss) Other comprehensive income (loss) includes 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. Changes in the balances of accumulated other comprehensive income, shown net of taxes, for the periods indicated were as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Beginning balance $ (479) $ 901 $ (3,440) $ 22 Other comprehensive income (loss) before reclassifications 5,280 (2,783) 8,704 (89) Amounts reclassified from accumulated OCI (639) (1,368) (1,045) (3,145) Net other comprehensive income 4,641 (4,151) 7,659 (3,234) Less: Other comprehensive income attributable to noncontrolling interests (108) 33 (165) (10) Acquired from noncontrolling interests - - - 5 Ending balance $ 4,054 $ (3,217) $ 4,054 $ (3,217) 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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 Unrealized gains (losses) on available-for-sale securities reclassified during the period to the following income statement line items: Net realized investment gains $ 993 $ 2,114 $ 1,621 $ 4,879 Income before income tax 993 2,114 1,621 4,879 Tax effect 354 746 576 1,734 Net income $ 639 $ 1,368 $ 1,045 $ 3,145

Note 12. Share-based Compensati

Note 12. Share-based Compensation	6 Months Ended
	Jun. 30, 2016
Notes
Note 12. Share-based Compensation	Note 12. 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 plan, 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 and share appreciation rights (“SARs”) under the plan. Restricted share units are valued at the quoted market price of the shares at the date of grant and have a three year vesting period. Compensation costs for options and restricted share units are recognized over the stated vesting periods on a straight-line basis. Exercise prices of SARs are more than or equal to the quoted market price of IHC shares at the date of the grant and have three year vesting periods. The fair value of SARs is calculated using the Black-Scholes valuation model at the grant date and each subsequent reporting period until settlement. Compensation cost is based on the proportionate amount of the requisite service that has been rendered to date. Once fully vested, changes in fair value of the SARs continue to be recognized as compensation expense in the period of the change until settlement. At , there were no 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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 IHC’s Share-based Compensation Plan: Stock options $ - $ - $ 170 $ 55 Restricted stock units 21 23 44 44 SARs 209 (28) 467 (57) Share-based compensation expense, pre-tax 230 (5) 681 42 Tax benefits 91 (2) 271 17 Share-based compensation expense, net $ 139 $ (3) $ 410 $ 25 Stock Options The IHC’s stock option activity during 2016 was as follows: Shares Weighted- Average Under Option Exercise Price December 31, 2015 584,080 $ 9.35 Exercised (7,750) 9.09 June 30, 2016 576,330 $ 9.35 In 2016, option agreements affecting 13 employees were modified to extend the expirations of their terms from 2017 to 2019 and as a result, the Company recorded incremental compensation costs of $170,000 . In The following table summarizes information regarding IHC’s outstanding and exercisable options: June 30, 2016 Outstanding Exercisable Number of options 576,330 576,330 Weighted average exercise price per share $ 9.35 $ 9.35 Aggregate intrinsic value for all options (in thousands) $ 4,969 $ 4,969 Weighted average contractual term remaining 2.3 years 2.3 years As of , all of IHC’s outstanding stock options are fully vested and all of the related compensation costs have been recognized. Restricted Stock The following table summarizes restricted stock activity for the six months ended June 30, 2016: No. of Weighted-Average Non-vested Grant-Date Shares Fair Value December 31, 2015 14,850 $ 12.26 Vested (7,425) 12.24 June 30, 2016 7,425 $ 12.28 The total fair value of restricted stock that vested during the first six months of 2016 and 2015 was $120,000 and $89,000, respectively. No restricted stock awards were granted in 2016. In 2015, IHC granted 7,425 restricted stock awards during the six months ended June 30 with weighted average grant-date fair values of $11.78. As of , the total unrecognized compensation expense related to non-vested restricted stock unit awards was $85,000 which is expected to be recognized over the remaining requisite weighted-average service period of 1.6 years. SARs IHC had 73,150 and 125,850 of SAR awards outstanding at June 30, 2016 and December 31, 2015, respectively. In 2016, 52,700 SARs were exercised with an aggregate intrinsic value of $436,000. Included in Other Liabilities in the Company’s Condensed Consolidated Balance Sheets at June 30, 2016 and December 31, 2015 are liabilities of $775,000 and $743,000, respectively, pertaining to SARs. B) AMIC Share-Based Compensation Plans Under the terms of the AMIC’s stock-based compensation plan, option exercise prices are equal to the quoted market price of the shares at the date of grant; option terms are ten years; and vesting periods range from three to four years. The Company may also grant shares of restricted stock, stock appreciation rights and share-based performance awards. Restricted shares are valued at the quoted market price of the shares at the date of grant, and have three year vesting periods. 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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 AMIC’s Share-based Compensation Plans: Stock options $ 11 $ 11 $ 21 $ 22 Share-based compensation expense, pre-tax 11 11 21 22 Tax benefits 4 4 7 8 Share-based compensation expense, net $ 7 $ 7 $ 14 $ 14 Stock Options AMIC’s stock option activity for the six months ended is as follows: Shares Weighted- Average Under Option Exercise Price December 31, 2015 71,558 $ 8.88 Exercised (30,446) 8.62 June 30, 2016 41,112 $ 9.07 The following table summarizes information regarding AMIC’s outstanding and exercisable options as of June 30, 2016: June 30, 2016 Outstanding Exercisable Number of options 41,112 36,667 Weighted average exercise price per share $ 9.07 $ 8.86 Aggregate intrinsic value for all options (in thousands) $ 636 $ 575 Weighted average contractual term remaining 4.21 years 3.76 years In 2016, AMIC received $262,000 in cash from the exercise of stock options with an aggregate intrinsic value of $212,000. As of June 30, 2016, the total unrecognized compensation expense related to AMIC’s non-vested options was $19,000 which will be recognized over the remaining requisite service periods.

Note 13. Supplemental Disclosur

Note 13. Supplemental Disclosures of Cash Flow Information	6 Months Ended
	Jun. 30, 2016
Notes
Note 13. Supplemental Disclosures of Cash Flow Information	Note 13. Supplemental Disclosures of Cash Flow Information Net cash payments (receipts) for income taxes were $5,694,000 and $571,000 during the six months ended June 30, 2016 and 2015. Cash payments for interest were $957,000 and $881,000 during the six months ended June 30, 2016 and 2015, respectively.

Note 14. Segment Reporting

Note 14. Segment Reporting	6 Months Ended
	Jun. 30, 2016
Notes
Note 14. Segment Reporting	Note 14. 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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenues: Medical Stop-Loss (A) $ 8,114 $ 52,139 $ 15,964 $ 106,990 Fully Insured Health 41,683 49,631 81,770 96,163 Group disability, life and DBL 25,677 20,727 51,213 41,475 Individual life, annuities and other (A) 585 8,375 1,336 17,300 Corporate 619 43 1,730 92 76,678 130,915 152,013 262,020 Net realized investment gains 1,018 2,100 1,578 4,100 Total revenues $ 77,696 $ 133,015 $ 153,591 $ 266,120 Income from continuing operations before income taxes: Medical Stop-Loss (A) $ 3,948 $ 4,637 $ 11,750 $ 8,958 Fully Insured Health (B) 1,990 1,555 2,385 2,832 Group disability, life and DBL 1,509 3,159 8,210 6,374 Individual life, annuities and other (A)(C) 315 (1,333) (1,478) (2,385) Corporate (1,458) (1,437) (5,198) (3,197) 6,304 6,581 15,669 12,582 Net realized investment gains 1,018 2,100 1,578 4,100 Interest expense (473) (478) (926) (910) Income from continuing operations before income taxes $ 6,849 $ 8,203 $ 16,321 $ 15,772 (A) (B) (C)

Note 1. Organization, Consoli23

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Basis of Accounting, Policy (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Basis of Accounting, Policy	The unaudited 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 unaudited 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 unaudited Condensed Consolidated Financial Statements. On March 31, 2016, the Company sold Risk Solutions, its managing general underwriter of excess or stop-loss insurance for self-insured employer groups that desire to manage the risk of large medical claims (“Medical Stop-Loss”). In addition, under the purchase and sale agreement, all of the in-force stop-loss business of Standard Security Life and Independence American produced by Risk Solutions is 100% co-insured as of January 1, 2016. IHC’s block of medical stop-loss business is in run-off. The sale of Risk Solutions and exit from the medical stop-loss business represents a strategic shift that will have a major effect on the Company’s operations and financial results. The disposal transaction qualifies for reporting as discontinued operations in the first quarter of 2016 as a result of the Board of Directors commitment to a plan for its disposal in January 2016. The assets, liabilities, and related income and expenses associated with the disposal group are presented as discontinued operations in the accompanying condensed consolidated financial statements and Notes thereto. The results of discontinued operations reflect the operations of the disposed MGUs. See Note 3 for more information. The run-off of IHC’s remaining block of medical stop-loss business is in continuing operations. In the opinion of management, all adjustments (consisting only of normal recurring accruals) that are necessary for a fair presentation of the consolidated financial position and results of operations for the interim periods have been included. The condensed consolidated results of operations for the three months and six months ended June 30, 2016

Note 1. Organization, Consoli24

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Reclassification, Policy (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Reclassification, Policy	Certain amounts in prior year’s consolidated financial statements and Notes thereto have been reclassified to conform to the 2016 presentation, primarily for the effects of discontinued operations.

Note 1. Organization, Consoli25

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: New Accounting Pronouncements, Policy (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
New Accounting Pronouncements, Policy	Recently Adopted Accounting Standards In September 2015, the FASB issued guidance to simplify the accounting for adjustments made to provisional amounts recognized in a business combination and eliminate the requirement to retrospectively account for those adjustments. The adoption of this guidance is did not have a material effect on the Company’s consolidated financial statements. In February 2015, 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. The adoption of this guidance did not have a material effect on the Company’s consolidated financial statements. Recently Issued Accounting Standards Not Yet Adopted In June 2016, the FASB issued guidance requiring financial assets measured at amortized cost basis to be presented at the net amount expected to be collected. An allowance for credit losses will be deducted from the amortized cost basis to present the net carrying value at the amount expected to be collected with changes in the allowance recorded in earnings. Credit losses relating to available-for-sale debt securities will also be recorded through an allowance for credit losses rather than a write-down, which would be limited to the amount by which fair value is below the amortized cost. Certain existing requirements used to evaluate credit losses have been removed. For public entities that are SEC filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those years. Early adoption is permitted for fiscal years beginning after December 15, 2018. The amendments in this Update should be applied through a cumulative effect adjustment to retained earnings upon adoption as of the beginning of the first reporting period in which the guidance is effective. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In March 2016, the FASB issued guidance that simplify several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification in the statement of cash flows. The amendments in this Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In March 2016, the FASB issued guidance that eliminates the requirement for retroactive adjustments on the date that a previously held investment qualifies for the equity method of accounting as a result of an increase in ownership interest or degree of influence. The amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016 and should be applied prospectively upon their effective date. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In February 2016, the FASB issued guidance that requires lessees to recognize the assets and liabilities that arise from leases, including operating leases, on the statement of financial position. The amendments in this Update are effective for fiscal years beginning after December 31, 2018, including interim periods within those fiscal years, using a modified retrospective approach. The adoption of this guidance is not expected to have a material effect on the Company’s consolidated financial statements. In January 2016, the FASB issued guidance that eliminates the requirement to classify equity securities with readily determinable fair values as trading or available-for-sale. The guidance requires equity securities (including other ownership interests, such as partnerships, unincorporated joint ventures, and limited liability companies) to be measured at fair value with changes in the fair value recognized through net income, simplifies the impairment assessment of equity securities without readily determinable fair values and requires changes in disclosure requirements. For public entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted in certain circumstances. The amendments in this Update should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The amendments related to equity securities without readily determinable fair values (including disclosure requirements) should be applied prospectively to equity investments that exist as of the date of adoption of the Update. The adoption of this guidance is not expected to have a material effect on the Company’s Consolidated Balance Sheet or IHC’s stockholders’ equity. In May 2015, the FASB issued guidance requiring additional disclosures for short-duration contracts regarding the liability for unpaid claims and claim adjustment expenses. For public entities, the guidance is effective for annual reporting periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. The adoption of this guidance is not expected to have a significant 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. In 2016, additional guidance was issued to clarify certain aspects of the implementation guidance and to clarify the identification of performance obligations. In August 2015, the effective date of this guidance has been deferred. For public entities, this guidance is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period, and requires one of two specified retrospective methods of application. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. 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 Sha26

Note 2. Income Per Common Share: Earnings Per Share, Policy (Policies)	6 Months Ended
	Jun. 30, 2016
Policies
Earnings Per Share, Policy	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 213,000 and 210,000 shares for the three months and six months ended June 30, 2016

Note 5. Fair Value Disclosures_

Note 5. Fair Value Disclosures: Fair Value of Financial Instruments, Policy (Policies)	6 Months Ended
	Jun. 30, 2016
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 Level 2 Level 3

Note 5. Fair Value Disclosure28

Note 5. Fair Value Disclosures: Fair Value Transfer, Policy (Policies)	6 Months Ended
	Jun. 30, 2016
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 12. Share-based Compensa29

Note 12. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Policies)	6 Months Ended
	Jun. 30, 2016
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 plan, 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 and share appreciation rights (“SARs”) under the plan. Restricted share units are valued at the quoted market price of the shares at the date of grant and have a three year vesting period. Compensation costs for options and restricted share units are recognized over the stated vesting periods on a straight-line basis. Exercise prices of SARs are more than or equal to the quoted market price of IHC shares at the date of the grant and have three year vesting periods. The fair value of SARs is calculated using the Black-Scholes valuation model at the grant date and each subsequent reporting period until settlement. Compensation cost is based on the proportionate amount of the requisite service that has been rendered to date. Once fully vested, changes in fair value of the SARs continue to be recognized as compensation expense in the period of the change until settlement.
American Independence Corp Share Based Plans Total Member
Share-based Compensation, Option and Incentive Plans Policy	Under the terms of the AMIC’s stock-based compensation plan, option exercise prices are equal to the quoted market price of the shares at the date of grant; option terms are ten years; and vesting periods range from three to four years. The Company may also grant shares of restricted stock, stock appreciation rights and share-based performance awards. Restricted shares are valued at the quoted market price of the shares at the date of grant, and have three year vesting periods.

Note 1. Organization, Consoli30

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Changes in IHC’s paid-in capital: Purchase of AMIC shares $ - $ - $ - $ (199) Purchase remaining IPA Family, LLC interests - 311 - 311 Net transfers from noncontrolling interests $ - $ 311 $ - $ 112

Note 2. Income Per Common Sha31

Note 2. Income Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended Six Months Ended June 30 June 30 2016 2015 2016 2015 Income from continuing operations $ 4,495 $ 5,222 $ 10,391 $ 9,923 Less: Income from continuing operations attributable to noncontrolling interests (199) (125) (305) (195) Income from continuing operations attributable to IHC common shareholders $ 4,296 $ 5,097 $ 10,086 $ 9,728 Income (loss) from discontinued operations $ 142 $ (66) $ 109,912 $ 564 Less: (Income) loss from discontinued operations attributable to noncontrolling interests (2) 1 (9,552) (41) Income (loss) from discontinued operations attributable to IHC common shareholders $ 140 $ (65) $ 100,360 $ 523

Note 3. Discontinued Operatio32

Note 3. Discontinued Operations: Disposal Groups, Including Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Disposal Groups, Including Discontinued Operations	The following is a reconciliation of the major line items constituting the pretax profit of discontinued operations for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenue $ - $ 90 $ 6,406 $ 1,250 Selling, general and administrative expenses - 172 5,689 301 Pretax profit (loss) of discontinued operations - (82) 717 949 Gain on disposal of discontinued operations, pretax - - 116,919 - Income (loss) from discontinued operations, before income taxes - (82) 117,636 949 Income taxes (benefits) on discontinued operations (142) (16) 7,724 385 Income (loss) from discontinued operations $ 142 $ (66) $ 109,912 $ 564 The following is a reconciliation of the carrying amounts of major classes of assets and liabilities for discontinued operations for the periods indicated (in thousands): June 30, 2016 December 31, 2015 Major classes of assets included in discontinued operations: Cash $ - $ 1,671 Goodwill - 5,664 Intangible assets - 919 Other assets - 4,677 Assets attributable to discontinued operations $ - $ 12,931 Major classes of liabilities included in discontinued operations: Accounts payable and accrued liabilities $ 2,410 $ (15) Liabilities attributable to discontinued operations $ 2,410 $ (15)

Note 4. Investment Securities_

Note 4. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Available-for-sale Securities Reconciliation	June 30, 2016 GROSS GROSS AMORTIZED UNREALIZED UNREALIZED FAIR COST GAINS LOSSES VALUE FIXED MATURITIES AVAILABLE-FOR-SALE: Corporate securities $ 238,318 $ 3,773 $ (3,218) $ 238,873 CMOs - residential (1) 2,820 78 - 2,898 U.S. Government obligations 76,216 538 (1) 76,753 Agency MBS - residential (2) 29 1 - 30 GSEs (3) 10,638 2 (162) 10,478 States and political subdivisions 208,894 6,310 (921) 214,283 Foreign government obligations 5,675 75 (42) 5,708 Redeemable preferred stocks 11,454 62 (404) 11,112 Total fixed maturities $ 554,044 $ 10,839 $ (4,748) $ 560,135 EQUITY SECURITIES AVAILABLE-FOR-SALE: Common stocks $ 4,926 $ 337 $ (1) $ 5,262 Nonredeemable preferred stocks 3,588 95 (4) 3,679 Total equity securities $ 8,514 $ 432 $ (5) $ 8,941 December 31, 2015 GROSS GROSS AMORTIZED UNREALIZED UNREALIZED FAIR COST GAINS LOSSES VALUE FIXED MATURITIES AVAILABLE-FOR-SALE: Corporate securities $ 172,621 $ 93 $ (5,868) $ 166,846 CMOs - residential (1) 3,068 2 (14) 3,056 CMOs - commercial 899 296 - 1,195 U.S. Government obligations 44,738 120 (64) 44,794 Agency MBS - residential (2) 34 1 - 35 GSEs (3) 11,814 2 (254) 11,562 States and political subdivisions 194,364 2,159 (1,857) 194,666 Foreign government obligations 2,318 12 (6) 2,324 Redeemable preferred stocks 4,036 101 (14) 4,123 Total fixed maturities $ 433,892 $ 2,786 $ (8,077) $ 428,601 EQUITY SECURITIES AVAILABLE-FOR-SALE: Common stocks $ 4,926 $ - $ (142) $ 4,784 Nonredeemable preferred stocks 3,588 56 (2) 3,642 Total equity securities $ 8,514 $ 56 $ (144) $ 8,426 (1) Collateralized mortgage obligations (“CMOs”). (2) Mortgage-backed securities (“MBS”). (3) Government-sponsored enterprises (“GSEs”) are private enterprises established and chartered by the Federal Government or its various insurance and lease programs which carry the full faith and credit obligation of the U.S. Government.

Note 4. Investment Securities34

Note 4. Investment Securities: Investments Classified by Contractual Maturity Date (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Investments Classified by Contractual Maturity Date	AMORTIZED FAIR COST VALUE Due in one year or less $ 12,176 $ 12,085 Due after one year through five years 169,922 170,784 Due after five years through ten years 187,341 190,815 Due after ten years 171,118 173,045 CMOs and MBSs 13,487 13,406 $ 554,044 $ 560,135

Note 4. Investment Securities35

Note 4. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	June 30, 2016 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate securities $ 20,570 $ 83 $ 54,794 $ 3,135 $ 75,364 $ 3,218 U.S. Government obligations 28,247 1 - - 28,247 1 GSEs - - 10,520 162 10,520 162 States and political subdivisions 31,983 256 24,447 665 56,430 921 Foreign government obligations 3,253 42 - - 3,253 42 Redeemable preferred stocks 3,358 404 - - 3,358 404 Total fixed maturities 87,411 786 89,761 3,962 177,172 4,748 Common stocks 501 1 - - 501 1 Nonredeemable preferred stocks 1,323 4 - - 1,323 4 Total equity securities 1,824 5 - - 1,824 5 Total temporarily impaired securities $ 89,235 $ 791 $ 89,761 $ 3,962 $ 178,996 $ 4,753 Number of securities in an unrealized loss position 27 29 56 December 31, 2015 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate securities $ 101,903 $ 2,559 $ 55,217 $ 3,309 $ 157,120 $ 5,868 CMO’s - residential 2,867 14 - - 2,867 14 U.S. Government obligations 19,809 64 - - 19,809 64 GSEs 6,539 128 4,997 126 11,536 254 States and political subdivisions 68,898 780 31,351 1,077 100,249 1,857 Foreign government obligations 484 6 - - 484 6 Redeemable preferred stocks 3,749 14 - - 3,749 14 Total fixed maturities 204,249 3,565 91,565 4,512 295,814 8,077 Common stocks 4,784 142 - - 4,784 142 Nonredeemable preferred stocks 1,324 2 - - 1,324 2 Total equity securities 6,108 144 - - 6,108 144 Total temporarily impaired securities $ 210,357 $ 3,709 $ 91,565 $ 4,512 $ 301,922 $ 8,221 Number of securities in an unrealized loss position 99 31 130

Note 4. Investment Securities36

Note 4. Investment Securities: Realized Gain (Loss) on Investments (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Realized Gain (Loss) on Investments	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Available-for-sale securities: Fixed maturities $ 993 $ 2,114 $ 1,621 $ 3,414 Common stocks - - - 1,465 Total sales of available-for-sale securities 993 2,114 1,621 4,879 Trading securities - 86 - (421) Total realized gains 993 2,200 1,621 4,458 Unrealized gains (losses) on trading securities: Change in unrealized gains (losses) on trading securities 26 (101) (44) (352) Total unrealized gains (losses) on trading securities 26 (101) (44) (352) Gains (losses) on other investments (1) 1 1 (6) Net realized investment gains $ 1,018 $ 2,100 $ 1,578 $ 4,100

Note 4. Investment Securities37

Note 4. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Other than Temporary Impairment, Credit Losses Recognized in Earnings	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Balance at beginning of year $ - $ 473 $ 473 $ 473 Securities sold - - (473) - Balance at end of period $ - $ 473 $ - $ 473

Note 5. Fair Value Disclosure38

Note 5. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Fair Value, Assets Measured on Recurring Basis	June 30, 2016 Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: Fixed maturities available-for-sale: Corporate securities $ - $ 238,873 $ - $ 238,873 CMOs - residential - 2,898 - 2,898 US Government obligations - 76,753 - 76,753 Agency MBS - residential - 30 - 30 GSEs - 10,478 - 10,478 States and political subdivisions - 212,176 2,107 214,283 Foreign government obligations - 5,708 - 5,708 Redeemable preferred stocks 11,112 - - 11,112 Total fixed maturities 11,112 546,916 2,107 560,135 Equity securities available-for-sale: Common stocks 5,262 - - 5,262 Nonredeemable preferred stocks 3,679 - - 3,679 Total equity securities 8,941 - - 8,941 Trading securities - equities 1,216 - - 1,216 Total trading securities 1,216 - - 1,216 Total Financial Assets $ 21,269 $ 546,916 $ 2,107 $ 570,292 FINANCIAL LIABILITIES: Contingent liabilities $ - $ - $ 1,445 $ 1,445 Total Financial Liabilities $ - $ - $ 1,445 $ 1,445 December 31, 2015 Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: Fixed maturities available-for-sale: Corporate securities $ - $ 166,846 $ - $ 166,846 CMOs - residential - 3,056 - 3,056 CMOs - commercial - - 1,195 1,195 US Government obligations - 44,794 - 44,794 Agency MBS - residential - 35 - 35 GSEs - 11,562 - 11,562 States and political subdivisions - 192,487 2,179 194,666 Foreign government obligations - 2,324 - 2,324 Redeemable preferred stocks 4,123 - - 4,123 Total fixed maturities 4,123 421,104 3,374 428,601 Equity securities available-for-sale: Common stocks 4,784 - - 4,784 Nonredeemable preferred stocks 3,642 - - 3,642 Total equity securities 8,426 - - 8,426 Trading securities - equities 1,259 - - 1,259 Total trading securities 1,259 - - 1,259 Total Financial Assets $ 13,808 $ 421,104 $ 3,374 $ 438,286 FINANCIAL LIABILITIES: Interest rate swap $ - $ 11 $ - $ 11 Contingent liabilities - - 1,650 1,650 Total Financial Liabilities $ - $ 11 $ 1,650 $ 1,661

Note 5. Fair Value Disclosure39

Note 5. Fair Value Disclosures: Fair Value Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Fair Value Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation	Three Months Ended June 30, 2016 Financial Assets: Financial Liabilities States and Total Total Political Level 3 Contingent Level 3 Subdivisions Assets Liabilities Liabilities Beginning balance $ 2,143 $ 2,143 $ 1,555 $ 1,555 Gains (losses) included in earnings: Net investment income - - (110) (110) Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) (10) (10) - - Repayments and amortization of fixed maturities (26) (26) - - Sales - - - - Balance at end of period $ 2,107 $ 2,107 $ 1,445 $ 1,445 Six Months Ended June 30, 2016 Financial Assets: Financial Liabilities States and Total Total CMOs Political Level 3 Contingent Level 3 Commercial Subdivisions Assets Liabilities Liabilities Beginning balance $ 1,195 $ 2,179 $ 3,374 $ 1,650 $ 1,650 Gains (losses) included in earnings: Net investment income - - - (743) (743) Net realized investment gains 141 - 141 - - Other income - - - 538 538 Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) (296) (21) (317) - - Repayments and amortization of fixed maturities (74) (51) (125) - - Sales (966) - (966) - - Balance at end of period $ - $ 2,107 $ 2,107 $ 1,445 $ 1,445 Three Months Ended June 30, 2015 States and Total CMOs Political Level 3 Commercial Subdivisions Assets Beginning balance $ 1,016 $ 2,281 $ 3,297 Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) 217 (12) 205 Repayments and amortization of fixed maturities - (21) (21) Balance at end of period $ 1,233 $ 2,248 $ 3,481 Six Months Ended June 30, 2015 States and Total CMOs Political Level 3 Commercial Subdivisions Assets Beginning balance $ 953 $ 2,314 $ 3,267 Gains (losses) included in other comprehensive income (loss): Net unrealized gains (losses) 280 (25) 255 Repayments and amortization of fixed maturities - (41) (41) Balance at end of period $ 1,233 $ 2,248 $ 3,481

Note 5. Fair Value Disclosure40

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Fair Value, by Balance Sheet Grouping	June 30, 2016 December 31, 2015 Level 2 Level 2 Fair Carrying Fair Carrying Value Value Value Value FINANCIAL ASSETS: Policy loans $ 38 $ 38 $ 38 $ 38 FINANCIAL LIABILITIES: Funds on deposit $ 150,286 $ 150,040 $ 173,625 $ 173,350 Debt and junior subordinated debt securities $ 42,125 $ 42,171 $ 43,283 $ 43,335

Note 8. Goodwill and Other In41

Note 8. Goodwill and Other Intangible Assets: Schedule of Finite-Lived Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Finite-Lived Intangible Assets	June 30, 2016 December 31, 2015 Gross Gross Carrying Accumulated Carrying Accumulated Amount Amortization Amount Amortization Finite-lived Intangible Assets: Agent and broker relationships $ 18,201 $ 13,120 $ 18,201 $ 12,497 Trademarks 1,000 151 1,000 83 Total finite-lived $ 19,201 $ 13,271 $ 19,201 $ 12,580

Note 8. Goodwill and Other In42

Note 8. Goodwill and Other Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Indefinite-Lived Intangible Assets	June 30, December 31, 2016 2015 Indefinite-lived Intangible Assets: Insurance licenses $ 7,977 $ 7,977 Total indefinite-lived $ 7,977 $ 7,977

Note 11. Stockholders' Equity_

Note 11. Stockholders' Equity: Schedule of Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Accumulated Other Comprehensive Income (Loss)	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Beginning balance $ (479) $ 901 $ (3,440) $ 22 Other comprehensive income (loss) before reclassifications 5,280 (2,783) 8,704 (89) Amounts reclassified from accumulated OCI (639) (1,368) (1,045) (3,145) Net other comprehensive income 4,641 (4,151) 7,659 (3,234) Less: Other comprehensive income attributable to noncontrolling interests (108) 33 (165) (10) Acquired from noncontrolling interests - - - 5 Ending balance $ 4,054 $ (3,217) $ 4,054 $ (3,217)

Note 11. Stockholders' Equity44

Note 11. Stockholders' Equity: Reclassification out of Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Reclassification out of Accumulated Other Comprehensive Income	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Unrealized gains (losses) on available-for-sale securities reclassified during the period to the following income statement line items: Net realized investment gains $ 993 $ 2,114 $ 1,621 $ 4,879 Income before income tax 993 2,114 1,621 4,879 Tax effect 354 746 576 1,734 Net income $ 639 $ 1,368 $ 1,045 $ 3,145

Note 12. Share-based Compensa45

Note 12. Share-based Compensation: Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Tables)	6 Months Ended
	Jun. 30, 2016
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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 IHC’s Share-based Compensation Plan: Stock options $ - $ - $ 170 $ 55 Restricted stock units 21 23 44 44 SARs 209 (28) 467 (57) Share-based compensation expense, pre-tax 230 (5) 681 42 Tax benefits 91 (2) 271 17 Share-based compensation expense, net $ 139 $ (3) $ 410 $ 25
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 Six Months Ended June 30, June 30, 2016 2015 2016 2015 AMIC’s Share-based Compensation Plans: Stock options $ 11 $ 11 $ 21 $ 22 Share-based compensation expense, pre-tax 11 11 21 22 Tax benefits 4 4 7 8 Share-based compensation expense, net $ 7 $ 7 $ 14 $ 14

Note 12. Share-based Compensa46

Note 12. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	6 Months Ended
	Jun. 30, 2016
Independence Holding Company Share Based Plans Total Member
Schedule of Share-based Compensation, Stock Options, Activity	Shares Weighted- Average Under Option Exercise Price December 31, 2015 584,080 $ 9.35 Exercised (7,750) 9.09 June 30, 2016 576,330 $ 9.35
American Independence Corp Share Based Plans Total Member
Schedule of Share-based Compensation, Stock Options, Activity	Shares Weighted- Average Under Option Exercise Price December 31, 2015 71,558 $ 8.88 Exercised (30,446) 8.62 June 30, 2016 41,112 $ 9.07

Note 12. Share-based Compensa47

Note 12. Share-based Compensation: Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding (Tables)	6 Months Ended
	Jun. 30, 2016
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	June 30, 2016 Outstanding Exercisable Number of options 576,330 576,330 Weighted average exercise price per share $ 9.35 $ 9.35 Aggregate intrinsic value for all options (in thousands) $ 4,969 $ 4,969 Weighted average contractual term remaining 2.3 years 2.3 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	June 30, 2016 Outstanding Exercisable Number of options 41,112 36,667 Weighted average exercise price per share $ 9.07 $ 8.86 Aggregate intrinsic value for all options (in thousands) $ 636 $ 575 Weighted average contractual term remaining 4.21 years 3.76 years

Note 12. Share-based Compensa48

Note 12. Share-based Compensation: Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Tables)	6 Months Ended
	Jun. 30, 2016
Independence Holding Company Share Based Plans Total Member
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	No. of Weighted-Average Non-vested Grant-Date Shares Fair Value December 31, 2015 14,850 $ 12.26 Vested (7,425) 12.24 June 30, 2016 7,425 $ 12.28

Note 14. Segment Reporting_ Sch

Note 14. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Tables)	6 Months Ended
	Jun. 30, 2016
Tables/Schedules
Schedule of Segment Reporting Information, by Segment	Three Months Ended Six Months Ended June 30, June 30, 2016 2015 2016 2015 Revenues: Medical Stop-Loss (A) $ 8,114 $ 52,139 $ 15,964 $ 106,990 Fully Insured Health 41,683 49,631 81,770 96,163 Group disability, life and DBL 25,677 20,727 51,213 41,475 Individual life, annuities and other (A) 585 8,375 1,336 17,300 Corporate 619 43 1,730 92 76,678 130,915 152,013 262,020 Net realized investment gains 1,018 2,100 1,578 4,100 Total revenues $ 77,696 $ 133,015 $ 153,591 $ 266,120 Income from continuing operations before income taxes: Medical Stop-Loss (A) $ 3,948 $ 4,637 $ 11,750 $ 8,958 Fully Insured Health (B) 1,990 1,555 2,385 2,832 Group disability, life and DBL 1,509 3,159 8,210 6,374 Individual life, annuities and other (A)(C) 315 (1,333) (1,478) (2,385) Corporate (1,458) (1,437) (5,198) (3,197) 6,304 6,581 15,669 12,582 Net realized investment gains 1,018 2,100 1,578 4,100 Interest expense (473) (478) (926) (910) Income from continuing operations before income taxes $ 6,849 $ 8,203 $ 16,321 $ 15,772

Note 1. Organization, Consoli50

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
GeneveAffiliatedEntityMember
EntityCommonStockOutstandingOwnershipPercent	53.00%
AMICSubsidiariesMember
Noncontrolling Interest, Ownership Percentage by Parent	91.00%	92.00%
Stop-Loss Coinsurance Transaction With Westport Insurance Corporation Member | Medical Stop-Loss Product Line Produced By Risk Solutions Member
Coinsurance, Ceded Percentage	100.00%

Note 1. Organization, Consoli51

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 ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Net	$ 311	$ 112
AMICSubsidiariesMember
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent		(199)
IPASubsidiariesMember
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent	$ 311	$ 311

Note 1. Organization, Consoli52

Note 1. Organization, Consolidation, Basis of Presentation and Accounting Policies: Basis of Accounting, Policy (Details)	6 Months Ended
	Jun. 30, 2016
Stop-Loss Coinsurance Transaction With Westport Insurance Corporation Member | Medical Stop-Loss Product Line Produced By Risk Solutions Member
Coinsurance, Ceded Percentage	100.00%

Note 2. Income Per Common Sha53

Note 2. Income Per Common Share: Earnings Per Share, Policy (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Details
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	213	163	210	165

Note 2. Income Per Common Sha54

Note 2. Income Per Common Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Details
Income from continuing operations	$ 4,495	$ 5,222	$ 10,391	$ 9,923
Income (Loss) from Continuing Operations Attributable to Noncontrolling Interest	199	125	305	195
Income (Loss) from Continuing Operations Attributable to Parent	4,296	5,097	10,086	9,728
Income (loss) from discontinued operations	142	(66)	109,912	564
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest	2	(1)	9,552	41
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ 140	$ (65)	$ 100,360	$ 523

Note 3. Discontinued Operatio55

Note 3. Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016
Cash Provided by (Used in) Operating Activities, Discontinued Operations	$ 0	$ (1,178)	$ 339	$ (1,062)
Income taxes (benefits) on discontinued operations	(142)	(16)	7,724	385
Risk Solutions Sale and Coinsurance Transaction Member | AMICSubsidiariesMember
Aggregate Consideration Allocated To An Entity, Expressed As A Percent					89.00%
Risk Solutions Sale and Coinsurance Transaction Member | Discontinued Operations, Disposed of by Sale
Income taxes (benefits) on discontinued operations			7,724
Risk Solutions Sale and Coinsurance Transaction Member | Discontinued Operations, Disposed of by Sale | State and Local Jurisdiction
Income taxes (benefits) on discontinued operations			5,777
Risk Solutions Sale and Coinsurance Transaction Member | Discontinued Operations, Disposed of by Sale | Domestic Tax Authority
Income taxes (benefits) on discontinued operations			1,947
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			(38,419)
Risk Solutions Sale and Coinsurance Transaction Member | Discontinued Operations, Disposed of by Sale | Medical Stop-Loss Segment Member
Disposal Group, Including Discontinued Operation, Consideration					$ 152,500
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax, Portion Attributable to Parent			99,934
Income taxes (benefits) on discontinued operations	$ (142)	$ (16)	$ 7,724	$ 385

Note 3. Discontinued Operatio56

Note 3. Discontinued Operations: Disposal Groups, Including Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Income (loss) from discontinued operations, before income taxes		$ (82)	$ 117,636	$ 949
Income taxes (benefits) on discontinued operations	$ (142)	(16)	7,724	385
Income (loss) from discontinued operations	142	(66)	109,912	564
Assets attributable to discontinued operations					$ 12,931
Liabilities attributable to discontinued operations	2,410		2,410		(15)
Risk Solutions Sale and Coinsurance Transaction Member | Discontinued Operations, Disposed of by Sale
Income taxes (benefits) on discontinued operations			7,724
Risk Solutions Sale and Coinsurance Transaction Member | Discontinued Operations, Disposed of by Sale | Medical Stop-Loss Segment Member
Disposal Group, Including Discontinued Operation, Revenue		90	6,406	1,250
Disposal Group, Including Discontinued Operation, General and Administrative Expense		172	5,689	301
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax		(82)	717	949
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax			116,919
Income (loss) from discontinued operations, before income taxes		(82)	117,636	949
Income taxes (benefits) on discontinued operations	(142)	(16)	7,724	385
Income (loss) from discontinued operations	142	$ (66)	109,912	$ 564
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents					1,671
Disposal Group, Including Discontinued Operation, Goodwill					5,664
Disposal Group, Including Discontinued Operation, Intangible Assets					919
Disposal Group, Including Discontinued Operation, Other Assets					4,677
Assets attributable to discontinued operations					12,931
Disposal Group, Including Discontinued Operation, Accounts Payable and Accrued Liabilities	2,410		2,410		(15)
Liabilities attributable to discontinued operations	$ 2,410		$ 2,410		$ (15)

Note 4. Investment Securities57

Note 4. Investment Securities: Schedule of Available-for-sale Securities Reconciliation (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Available For Sale Debt Securities Amortized Cost Basis	$ 554,044	$ 433,892
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	10,839	2,786
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	4,748	8,077
Fixed maturities, available-for-sale	560,135	428,601
Available For Sale Equity Securities Amortized Cost Basis	8,514	8,514
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	432	56
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	5	144
Equity securities, available-for-sale	8,941	8,426
Corporate Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	238,318	172,621
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	3,773	93
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	3,218	5,868
Fixed maturities, available-for-sale	238,873	166,846
Residential Mortgage Backed Securities Member
Available For Sale Debt Securities Amortized Cost Basis	2,820	3,068
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	78	2
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax		14
Fixed maturities, available-for-sale	2,898	3,056
US Treasury Securities
Available For Sale Debt Securities Amortized Cost Basis	76,216	44,738
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	538	120
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	1	64
Fixed maturities, available-for-sale	76,753	44,794
US Government Agencies Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	29	34
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	1	1
Fixed maturities, available-for-sale	30	35
US Government-sponsored Enterprises Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	10,638	11,814
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	2	2
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	162	254
Fixed maturities, available-for-sale	10,478	11,562
US States and Political Subdivisions Debt Securities
Available For Sale Debt Securities Amortized Cost Basis	208,894	194,364
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	6,310	2,159
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	921	1,857
Fixed maturities, available-for-sale	214,283	194,666
Foreign Government Debt
Available For Sale Debt Securities Amortized Cost Basis	5,675	2,318
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	75	12
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	42	6
Fixed maturities, available-for-sale	5,708	2,324
Redeemable Preferred Stock
Available For Sale Debt Securities Amortized Cost Basis	11,454	4,036
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax	62	101
Available-for-sale Debt Securities, Accumulated Gross Unrealized Loss, before Tax	404	14
Fixed maturities, available-for-sale	11,112	4,123
COMMON STOCK, AMOUNT
Available For Sale Equity Securities Amortized Cost Basis	4,926	4,926
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	337
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	1	142
Equity securities, available-for-sale	5,262	4,784
Nonredeemable Preferred Stock
Available For Sale Equity Securities Amortized Cost Basis	3,588	3,588
Available-for-sale Equity Securities, Accumulated Gross Unrealized Gain, before Tax	95	56
Available-for-sale Equity Securities, Accumulated Gross Unrealized Loss, before Tax	4	2
Equity securities, available-for-sale	$ 3,679	3,642
Commercial Mortgage Backed Securities
Available For Sale Debt Securities Amortized Cost Basis		899
Available-for-sale Debt Securities, Accumulated Gross Unrealized Gain, before Tax		296
Fixed maturities, available-for-sale		$ 1,195

Note 4. Investment Securities58

Note 4. Investment Securities: Investments Classified by Contractual Maturity Date (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Details
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Amortized Cost Basis	$ 12,176
Available-for-sale Securities, Debt Maturities, Next Rolling Twelve Months, Fair Value	12,085
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Amortized Cost Basis	169,922
Available-for-sale Securities, Debt Maturities, Rolling Year Two Through Five, Fair Value	170,784
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Amortized Cost Basis	187,341
Available-for-sale Securities, Debt Maturities, Rolling Year Six Through Ten, Fair Value	190,815
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Amortized Cost Basis	171,118
Available-for-sale Securities, Debt Maturities, Rolling after Year Ten, Fair Value	173,045
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Amortized Cost Basis	13,487
Available-for-sale Securities, Debt Maturities, without Single Maturity Date, Fair Value	13,406
Available For Sale Debt Securities Amortized Cost Basis	554,044	$ 433,892
Fixed maturities, available-for-sale	$ 560,135	$ 428,601

Note 4. Investment Securities59

Note 4. Investment Securities: Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value (Details) $ in Thousands	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	$ 89,235	$ 210,357
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	791	3,709
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	89,761	91,565
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3,962	4,512
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	178,996	301,922
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 4,753	$ 8,221
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Less than One Year	27	99
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year	29	31
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions	56	130
Corporate Debt Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	$ 20,570	$ 101,903
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	83	2,559
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	54,794	55,217
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3,135	3,309
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	75,364	157,120
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	3,218	5,868
US Treasury Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	28,247	19,809
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1	64
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	28,247	19,809
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	1	64
US Government-sponsored Enterprises Debt Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value		6,539
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		128
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	10,520	4,997
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	162	126
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	10,520	11,536
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	162	254
US States and Political Subdivisions Debt Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	31,983	68,898
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	256	780
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	24,447	31,351
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	665	1,077
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	56,430	100,249
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	921	1,857
Foreign Government Debt
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,253	484
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	42	6
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,253	484
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	42	6
Redeemable Preferred Stock
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	3,358	3,749
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	404	14
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	3,358	3,749
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	404	14
Debt Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	87,411	204,249
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	786	3,565
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	89,761	91,565
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	3,962	4,512
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	177,172	295,814
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	4,748	8,077
COMMON STOCK, AMOUNT
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	501	4,784
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	1	142
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	501	4,784
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	1	142
Nonredeemable Preferred Stock
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	1,323	1,324
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	4	2
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,323	1,324
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	4	2
Equity Securities
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value	1,824	6,108
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	5	144
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,824	6,108
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 5	144
Residential Mortgage Backed Securities Member
Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value		2,867
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		14
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		2,867
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss		$ 14

Note 4. Investment Securities60

Note 4. Investment Securities: Realized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	$ 993	$ 2,114	$ 1,621	$ 4,879
Trading Securities, Realized Gain (Loss)		86		(421)
Marketable Securities, Realized Gain (Loss), Excluding Other than Temporary Impairments	993	2,200	1,621	4,458
Trading Securities, Change in Unrealized Holding Gain (Loss)	26	(101)	(44)	(352)
Marketable Securities, Unrealized Gain (Loss), Excluding Other than Temporary Impairments	26	(101)	(44)	(352)
Gain (Loss) on Sale of Other Investments	(1)	1	1	(6)
Net realized investment gains	1,018	2,100	1,578	4,100
Debt Securities
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments	$ 993	$ 2,114	$ 1,621	3,414
COMMON STOCK, AMOUNT
Available for sale Securities Gross Realized Gain Loss Excluding Other Than Temporary Impairments				$ 1,465

Note 4. Investment Securities (

Note 4. Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Details
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	$ 127,942	$ 279,598	$ 159,436	$ 386,013
Available-for-sale Securities, Gross Realized Gains	1,238	2,659	1,853	5,773
Available-for-sale Securities, Gross Realized Losses	$ 164	$ 460	181	642
Net impairment losses recognized in earnings			$ 0	$ 0

Note 4. Investment Securities62

Note 4. Investment Securities: Other than Temporary Impairment, Credit Losses Recognized in Earnings (Details) - Available-for-sale Securities - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
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, Reductions, Securities Sold	$ 473

Note 5. Fair Value Disclosure63

Note 5. Fair Value Disclosures: Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fixed maturities, available-for-sale	$ 560,135	$ 428,601
Equity securities, available-for-sale	8,941	8,426
Trading securities	1,216	1,259
Corporate Debt Securities
Fixed maturities, available-for-sale	238,873	166,846
Residential Mortgage Backed Securities Member
Fixed maturities, available-for-sale	2,898	3,056
US Treasury Securities
Fixed maturities, available-for-sale	76,753	44,794
US Government Agencies Debt Securities
Fixed maturities, available-for-sale	30	35
US Government-sponsored Enterprises Debt Securities
Fixed maturities, available-for-sale	10,478	11,562
US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	214,283	194,666
Foreign Government Debt
Fixed maturities, available-for-sale	5,708	2,324
Redeemable Preferred Stock
Fixed maturities, available-for-sale	11,112	4,123
COMMON STOCK, AMOUNT
Equity securities, available-for-sale	5,262	4,784
Nonredeemable Preferred Stock
Equity securities, available-for-sale	3,679	3,642
Commercial Mortgage Backed Securities
Fixed maturities, available-for-sale		1,195
Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	560,135	428,601
Equity securities, available-for-sale	8,941	8,426
Trading securities	1,216	1,259
Assets, Fair Value Disclosure, Recurring	570,292	438,286
Contingent Liabilities	1,445	1,650
Liabilities, Fair Value Disclosure, Recurring	1,445	1,661
Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative Liability, Fair Value, Gross Liability		11
Fair Value, Measurements, Recurring | Corporate Debt Securities
Fixed maturities, available-for-sale	238,873	166,846
Fair Value, Measurements, Recurring | Residential Mortgage Backed Securities Member
Fixed maturities, available-for-sale	2,898	3,056
Fair Value, Measurements, Recurring | US Treasury Securities
Fixed maturities, available-for-sale	76,753	44,794
Fair Value, Measurements, Recurring | US Government Agencies Debt Securities
Fixed maturities, available-for-sale	30	35
Fair Value, Measurements, Recurring | US Government-sponsored Enterprises Debt Securities
Fixed maturities, available-for-sale	10,478	11,562
Fair Value, Measurements, Recurring | US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	214,283	194,666
Fair Value, Measurements, Recurring | Foreign Government Debt
Fixed maturities, available-for-sale	5,708	2,324
Fair Value, Measurements, Recurring | Redeemable Preferred Stock
Fixed maturities, available-for-sale	11,112	4,123
Fair Value, Measurements, Recurring | COMMON STOCK, AMOUNT
Equity securities, available-for-sale	5,262	4,784
Fair Value, Measurements, Recurring | Nonredeemable Preferred Stock
Equity securities, available-for-sale	3,679	3,642
Fair Value, Measurements, Recurring | Equity Securities
Trading securities	1,216	1,259
Fair Value, Measurements, Recurring | Commercial Mortgage Backed Securities
Fixed maturities, available-for-sale		1,195
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	11,112	4,123
Equity securities, available-for-sale	8,941	8,426
Trading securities	1,216	1,259
Assets, Fair Value Disclosure, Recurring	21,269	13,808
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Redeemable Preferred Stock
Fixed maturities, available-for-sale	11,112	4,123
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | COMMON STOCK, AMOUNT
Equity securities, available-for-sale	5,262	4,784
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Nonredeemable Preferred Stock
Equity securities, available-for-sale	3,679	3,642
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring | Equity Securities
Trading securities	1,216	1,259
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	546,916	421,104
Assets, Fair Value Disclosure, Recurring	546,916	421,104
Liabilities, Fair Value Disclosure, Recurring		11
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative Liability, Fair Value, Gross Liability		11
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Corporate Debt Securities
Fixed maturities, available-for-sale	238,873	166,846
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Residential Mortgage Backed Securities Member
Fixed maturities, available-for-sale	2,898	3,056
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US Treasury Securities
Fixed maturities, available-for-sale	76,753	44,794
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US Government Agencies Debt Securities
Fixed maturities, available-for-sale	30	35
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US Government-sponsored Enterprises Debt Securities
Fixed maturities, available-for-sale	10,478	11,562
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	212,176	192,487
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring | Foreign Government Debt
Fixed maturities, available-for-sale	5,708	2,324
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fixed maturities, available-for-sale	2,107	3,374
Assets, Fair Value Disclosure, Recurring	2,107	3,374
Contingent Liabilities	1,445	1,650
Liabilities, Fair Value Disclosure, Recurring	1,445	1,650
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | US States and Political Subdivisions Debt Securities
Fixed maturities, available-for-sale	$ 2,107	2,179
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring | Commercial Mortgage Backed Securities
Fixed maturities, available-for-sale		$ 1,195

Note 5. Fair Value Disclosure64

Note 5. Fair Value Disclosures: Fair Value Assets And Liabilities Measured On Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 2,143	$ 3,297	$ 3,374	$ 3,267
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	1,555		1,650
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(10)	205	(317)	255
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(26)	(21)	(125)	(41)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales			(966)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,107	3,481	2,107	3,481
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	1,445		1,445
Investment Income
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	(110)		(743)
Net realized investment gains
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings			141
Other Income
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings			538
Contingent Liability Member
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	1,555		1,650
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value, Ending Balance	1,445		1,445
Contingent Liability Member | Investment Income
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	(110)		(743)
Contingent Liability Member | Other Income
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings			538
US States and Political Subdivisions Debt Securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	2,143	2,281	2,179	2,314
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)	(10)	(12)	(21)	(25)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements	(26)	(21)	(51)	(41)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 2,107	2,248	2,107	2,248
Commercial Mortgage Backed Securities
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		1,016	1,195	953
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Other Comprehensive Income (Loss)		217	(296)	280
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements			(74)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales			(966)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value		$ 1,233		$ 1,233
Commercial Mortgage Backed Securities | Net realized investment gains
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings			$ 141

Note 5. Fair Value Disclosure65

Note 5. Fair Value Disclosures: Fair Value, by Balance Sheet Grouping (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Funds on deposit	$ 150,040	$ 173,350
Estimate of Fair Value, Fair Value Disclosure | Fair Value, Inputs, Level 2
Policy Loans Receivable	38	38
Funds on deposit	150,286	173,625
Long-term Debt	42,125	43,283
Carrying (Reported) Amount, Fair Value Disclosure
Policy Loans Receivable	38	38
Funds on deposit	150,040	173,350
Long-term Debt	$ 42,171	$ 43,335

Note 6. Variable Interest Ent66

Note 6. Variable Interest Entities (Details) $ in Thousands	Jun. 30, 2016USD ($)
Other Investments
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount	$ 8,927

Note 7. Related Party Transac67

Note 7. Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Equity income from equity method investments		$ (24)	$ 577
Ebix Health Exchange Member | Fee Income Member
Revenue from Related Parties	$ 89	202
Ebix Health Exchange Member | Selling, General and Administrative Expenses
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party	1,338	2,585
Ebix Health Exchange Member | Other Assets
Due from Related Parties	2,930	2,930		$ 1,397
Ebix Health Exchange Member | Accounts Payable and Accrued Liabilities
Due to Related Parties	1,970	1,970		405
IHC Health Solutions Sale Transaction Member
Loss Contingency Accrual, Period Increase (Decrease)	(110)	(743)
Ebix Health Exchange Holdings Member
Equity Method Investments	8,771	8,771		$ 9,838
Equity Method Investment, Summarized Financial Information, Net Income (Loss)	(367)	(1,188)
Equity income from equity method investments	$ (257)	$ (445)

Note 8. Goodwill and Other In68

Note 8. Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Details
Goodwill	$ 47,276		$ 47,276		$ 47,276
Intangible Assets, Net (Excluding Goodwill)	13,907		13,907		$ 14,598
Amortization of Intangible Assets	$ 351	$ 382	$ 691	$ 645

Note 8. Goodwill and Other In69

Note 8. Goodwill and Other Intangible Assets: Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets, Gross	$ 19,201	$ 19,201
Finite-Lived Intangible Assets, Accumulated Amortization	13,271	12,580
Customer Relationships
Finite-Lived Intangible Assets, Gross	18,201	18,201
Finite-Lived Intangible Assets, Accumulated Amortization	13,120	12,497
Trademarks
Finite-Lived Intangible Assets, Gross	1,000	1,000
Finite-Lived Intangible Assets, Accumulated Amortization	$ 151	$ 83

Note 8. Goodwill and Other In70

Note 8. Goodwill and Other Intangible Assets: Schedule of Indefinite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 7,977	$ 7,977
Licensing Agreements
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 7,977	$ 7,977

Note 9. Income Taxes (Details)

Note 9. Income Taxes (Details) - AMIC - Domestic Tax Authority $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Operating Loss Carryforwards, Utilization, Amount	$ 109,770
Operating Loss Carryforwards	$ 147,551	[1]
[1]	Which expire in varying amounts through 2028, a significant portion expires in 2020.

Note 10. Reinsurance (Details)

Note 10. Reinsurance (Details) - USD ($) $ in Thousands	1 Months Ended
	Jan. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Due from reinsurers		$ 488,337	$ 483,073
Stop-Loss Coinsurance Transaction With Westport Insurance Corporation Member
Material Nonrecurring Reinsurance Transactions	Effective January 1, 2016, all of the in-force stop-loss business of Standard Security Life and Independence American produced by Risk Solutions was co-insured in connection with the Risk Solutions Sale and Coinsurance Transaction (see Note 3). As a result of this transaction, the Company recorded $56,055,000 of estimated amounts due from reinsurers.
Due from reinsurers	$ 56,055

Note 11. Stockholders' Equity (

Note 11. Stockholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Payments for repurchases of common stock	$ 1,792	$ 667
Private Placement Member
Treasury Stock, Shares, Acquired	110
Payments for repurchases of common stock	$ 1,792

Note 11. Stockholders' Equity74

Note 11. Stockholders' Equity: Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated other comprehensive income (loss)			$ (3,440)
Other comprehensive income (loss), net of tax	$ 4,641	$ (4,151)	7,659	$ (3,234)
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	(108)	33	(165)	(10)
Accumulated other comprehensive income (loss)	4,054		4,054
Accumulated Net Unrealized Investment Gain (Loss)
Accumulated other comprehensive income (loss)	(479)	901	(3,440)	22
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	5,280	(2,783)	8,704	(89)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	639	1,368	1,045	3,145
Other comprehensive income (loss), net of tax	4,641	(4,151)	7,659	(3,234)
Other comprehensive (income) loss, net of tax, attributable to noncontrolling interests	(108)	33	(165)	(10)
Unrealized Gains/Losses Purchased from Noncontrolling Interests				5
Accumulated other comprehensive income (loss)	$ 4,054	$ (3,217)	$ 4,054	$ (3,217)

Note 11. Stockholders' Equity75

Note 11. Stockholders' Equity: Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net realized investment gains	$ 1,018	$ 2,100	$ 1,578	$ 4,100
Income taxes (benefits)	2,354	2,981	5,930	5,849
Net income (loss)	4,637	5,156	120,303	10,487
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Unrealized Investment Gain (Loss)
Net realized investment gains	993	2,114	1,621	4,879
Income (loss) before income taxes	993	2,114	1,621	4,879
Income taxes (benefits)	354	746	576	1,734
Net income (loss)	$ 639	$ 1,368	$ 1,045	$ 3,145

Note 12. Share-based Compensa76

Note 12. Share-based Compensation: Share-based Compensation, Option and Incentive Plans Policy (Details)	6 Months Ended
	Jun. 30, 2016
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 | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 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 | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years

Note 12. Share-based Compensa77

Note 12. Share-based Compensation (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)shares	Jun. 30, 2015USD ($)$ / sharesshares	Dec. 31, 2015USD ($)shares
Independence Holding Company Share Based Plans Total Member
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares	0
Independence Holding Company Share Based Plans Total Member | Modified Stock Option Awards Member
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Number of Employees Affected	13
Share-based Compensation Arrangement by Share-based Payment Award, Plan Modification, Incremental Compensation Cost	$ 170
Independence Holding Company Share Based Plans Total Member | Employee Stock Option
Proceeds from Stock Options Exercised	70
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	56
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options	12
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, Vested in Period, Fair Value	$ 120	$ 89
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	0	7,425
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares		$ 11.78
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options	$ 85
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not Yet Recognized, Period For Recognition 1	1 year 7 months 6 days
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 | shares	73,150		125,850
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised | shares	52,700
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Share-based Liabilities Paid	$ 436
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	775		$ 743
American Independence Corp Share Based Plans Total Member | Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	212
Employee Service Share-based Compensation, Cash Received from Exercise of Stock Options	262
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options	$ 19

Note 12. Share-based Compensa78

Note 12. Share-based Compensation: Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Independence Holding Company Share Based Plans Total Member
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 91	$ (2)	$ 271	$ 17
Allocated Share-based Compensation Expense, Net of Tax	139	(3)	410	25
Independence Holding Company Share Based Plans Total Member | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	230	(5)	681	42
Independence Holding Company Share Based Plans Total Member | Employee Stock Option | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense			170	55
Independence Holding Company Share Based Plans Total Member | Restricted Stock Units (RSUs) | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	21	23	44	44
Independence Holding Company Share Based Plans Total Member | Stock Appreciation Rights (SARs) | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	209	(28)	467	(57)
American Independence Corp Share Based Plans Total Member
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	4	4	7	8
Allocated Share-based Compensation Expense, Net of Tax	7	7	14	14
American Independence Corp Share Based Plans Total Member | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	11	11	21	22
American Independence Corp Share Based Plans Total Member | Employee Stock Option | Selling, General and Administrative Expenses
Allocated Share-based Compensation Expense	$ 11	$ 11	$ 21	$ 22

Note 12. Share-based Compensa79

Note 12. Share-based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) - Employee Stock Option	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Independence Holding Company Share Based Plans Total Member
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number | shares	584,080
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 9.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares	7,750
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares	$ 9.09
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number | shares	576,330
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 9.35
American Independence Corp Share Based Plans Total Member
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number | shares	71,558
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 8.88
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares	30,446
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares	$ 8.62
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number | shares	41,112
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares	$ 9.07

Note 12. Share-based Compensa80

Note 12. 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 $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)$ / sharesshares
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 | shares	576,330
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number | shares	576,330
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares	$ 9.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price | $ / shares	$ 9.35
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 4,969
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 4,969
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	2 years 3 months 18 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	2 years 3 months 18 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 | shares	41,112
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number | shares	36,667
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares	$ 9.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Exercise Price | $ / shares	$ 8.86
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $	$ 636
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Aggregate Intrinsic Value | $	$ 575
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	4 years 2 months 16 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	3 years 9 months 4 days

Note 12. Share-based Compensa81

Note 12. Share-based Compensation: Schedule of Share-based Compensation, Restricted Stock Units Award Activity (Details) - Independence Holding Company Share Based Plans Total Member - Restricted Stock Units (RSUs) - $ / shares	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	14,850
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 12.28	$ 12.26
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	7,425
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 12.24
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	7,425

Note 13. Supplemental Disclos82

Note 13. Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Details
Income Taxes Paid (Refunds), Net	$ 5,694	$ 571
Interest Paid	$ 957	$ 881

Note 14. Segment Reporting_ S83

Note 14. Segment Reporting: Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
TOTAL REVENUES	$ 77,696	$ 133,015	$ 153,591	$ 266,120
Income (loss) from continuing operations before income taxes	6,849	8,203	16,321	15,772
Operating Segments
TOTAL REVENUES	76,678	130,915	152,013	262,020
Income (loss) from continuing operations before income taxes	6,304	6,581	15,669	12,582
Segment Reconciling Items | Net realized investment gains
TOTAL REVENUES	1,018	2,100	1,578	4,100
Income (loss) from continuing operations before income taxes	1,018	2,100	1,578	4,100
Segment Reconciling Items | Interest Expense
Income (loss) from continuing operations before income taxes	(473)	(478)	(926)	(910)
Medical Stop-Loss Segment Member
TOTAL REVENUES	8,114	52,139	15,964	106,990
Income (loss) from continuing operations before income taxes	3,948	4,637	11,750	8,958
Fully Insured Segment Member
TOTAL REVENUES	41,683	49,631	81,770	96,163
Income (loss) from continuing operations before income taxes	1,990	1,555	2,385	2,832
Group disability, life and DBL Segment Member
TOTAL REVENUES	25,677	20,727	51,213	41,475
Income (loss) from continuing operations before income taxes	1,509	3,159	8,210	6,374
Individual life annuities and other Segment Member
TOTAL REVENUES	585	8,375	1,336	17,300
Income (loss) from continuing operations before income taxes	315	(1,333)	(1,478)	(2,385)
Corporate
TOTAL REVENUES	619	43	1,730	92
Income (loss) from continuing operations before income taxes	$ (1,458)	$ (1,437)	$ (5,198)	$ (3,197)

Note 14. Segment Reporting (Det

Note 14. Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Amortization of Intangible Assets	$ 351	$ 382	$ 691	$ 645
Fully Insured Segment Member
Amortization of Intangible Assets	351	382	691	645
Individual life annuities and other Segment Member
Amortization of Other Deferred Charges	$ 283	$ 62	$ 1,653	$ 416