<ARTICLE> 7
<LEGEND>
This schedule contains summary financial information extracted from the
Independence Holding Company Form 10-Q for the quarter period ended
June 30, 1995 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK> 0000701869
<NAME> INDEPENDENCE HOLDING COMPANY
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<DEBT-HELD-FOR-SALE>                       133,729,000
<DEBT-CARRYING-VALUE>                                0
<DEBT-MARKET-VALUE>                                  0
<EQUITIES>                                  11,704,000
<MORTGAGE>                                     492,000
<REAL-ESTATE>                                  929,000
<TOTAL-INVEST>                             190,173,000
<CASH>                                      13,720,000
<RECOVER-REINSURE>                          44,169,000
<DEFERRED-ACQUISITION>                       9,728,000
<TOTAL-ASSETS>                             303,055,000
<POLICY-LOSSES>                            104,788,000
<UNEARNED-PREMIUMS>                         14,725,000
<POLICY-OTHER>                              34,465,000
<POLICY-HOLDER-FUNDS>                        2,118,000
<NOTES-PAYABLE>                                      0
<COMMON>                                    15,317,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  49,889,000
<TOTAL-LIABILITY-AND-EQUITY>               303,055,000
<PREMIUMS>                                  26,930,000
<INVESTMENT-INCOME>                          6,672,000
<INVESTMENT-GAINS>                           (791,000)
<OTHER-INCOME>                               1,377,000
<BENEFITS>                                  18,849,000
<UNDERWRITING-AMORTIZATION>                  2,060,000
<UNDERWRITING-OTHER>                                 0
<INCOME-PRETAX>                              2,293,000
<INCOME-TAX>                                 (233,000)
<INCOME-CONTINUING>                          2,526,000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 2,526,000
<EPS-PRIMARY>                                      .16
<EPS-DILUTED>                                      .21
<RESERVE-OPEN>                                       0
<PROVISION-CURRENT>                                  0
<PROVISION-PRIOR>                                    0
<PAYMENTS-CURRENT>                                   0
<PAYMENTS-PRIOR>                                     0
<RESERVE-CLOSE>                                      0
<CUMULATIVE-DEFICIENCY>                              0