Independence Holding Co
NYSE:IHC
Income Statement
Income Statement
Independence Holding Co
Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
371
|
369
|
367
|
375
|
390
|
423
|
464
|
495
|
528
|
536
|
529
|
520
|
505
|
497
|
497
|
500
|
500
|
446
|
392
|
338
|
291
|
288
|
294
|
299
|
302
|
319
|
323
|
331
|
337
|
342
|
350
|
354
|
355
|
365
|
379
|
399
|
431
|
452
|
364
|
260
|
|
Revenue |
420
N/A
|
418
-1%
|
415
-1%
|
422
+2%
|
429
+2%
|
465
+8%
|
514
+11%
|
544
+6%
|
575
+6%
|
578
+1%
|
562
-3%
|
551
-2%
|
534
-3%
|
526
-1%
|
523
-1%
|
523
N/A
|
521
0%
|
464
-11%
|
408
-12%
|
358
-12%
|
313
-13%
|
308
-1%
|
313
+1%
|
317
+1%
|
321
+1%
|
337
+5%
|
340
+1%
|
346
+2%
|
351
+1%
|
357
+2%
|
367
+3%
|
373
+1%
|
375
+1%
|
384
+2%
|
397
+3%
|
415
+5%
|
444
+7%
|
465
+5%
|
373
-20%
|
266
-29%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(397)
|
(391)
|
(386)
|
(393)
|
(401)
|
(436)
|
(486)
|
(517)
|
(550)
|
(554)
|
(539)
|
(525)
|
(509)
|
(499)
|
(494)
|
(490)
|
(485)
|
(416)
|
(362)
|
(326)
|
(278)
|
(277)
|
(285)
|
(289)
|
(292)
|
(307)
|
(304)
|
(305)
|
(313)
|
(318)
|
(329)
|
(338)
|
(349)
|
(364)
|
(384)
|
(401)
|
(414)
|
(433)
|
(358)
|
(277)
|
|
Selling, General & Administrative |
(147)
|
(148)
|
(145)
|
(145)
|
(150)
|
(156)
|
(168)
|
(174)
|
(180)
|
(185)
|
(185)
|
(184)
|
(178)
|
(175)
|
(175)
|
(174)
|
(178)
|
(167)
|
(152)
|
(142)
|
(132)
|
(129)
|
(140)
|
(150)
|
(157)
|
(168)
|
(169)
|
(168)
|
(169)
|
(166)
|
(167)
|
(170)
|
(175)
|
(179)
|
(189)
|
(197)
|
(206)
|
(212)
|
(191)
|
(160)
|
|
Benefits Claims Loss Adjustment |
(239)
|
(232)
|
(230)
|
(236)
|
(245)
|
(273)
|
(302)
|
(327)
|
(355)
|
(355)
|
(349)
|
(335)
|
(326)
|
(320)
|
(316)
|
(316)
|
(307)
|
(258)
|
(219)
|
(184)
|
(145)
|
(147)
|
(144)
|
(139)
|
(135)
|
(139)
|
(135)
|
(138)
|
(144)
|
(151)
|
(162)
|
(168)
|
(174)
|
(185)
|
(195)
|
(204)
|
(208)
|
(222)
|
0
|
0
|
|
Policy Acquisition Expense |
(12)
|
(12)
|
(11)
|
(11)
|
(7)
|
(6)
|
(16)
|
(16)
|
(15)
|
(15)
|
(5)
|
(5)
|
(5)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(4)
|
(2)
|
0
|
0
|
10
|
10
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(167)
|
(117)
|
|
Operating Income |
23
N/A
|
27
+19%
|
29
+6%
|
30
+2%
|
28
-6%
|
29
+4%
|
28
-1%
|
28
-2%
|
26
-8%
|
24
-7%
|
24
-1%
|
26
+8%
|
25
-2%
|
27
+7%
|
29
+8%
|
33
+14%
|
36
+10%
|
48
+32%
|
46
-3%
|
33
-29%
|
35
+6%
|
31
-11%
|
28
-11%
|
28
+2%
|
28
+0%
|
30
+6%
|
36
+19%
|
41
+14%
|
38
-7%
|
40
+5%
|
39
-3%
|
35
-9%
|
26
-26%
|
20
-22%
|
12
-39%
|
14
+10%
|
30
+118%
|
31
+5%
|
15
-52%
|
(11)
N/A
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Non-Reccuring Items |
(3)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
10
|
10
|
0
|
0
|
(2)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
19
N/A
|
23
+24%
|
24
+4%
|
25
+4%
|
25
-1%
|
26
+5%
|
26
+2%
|
26
-2%
|
24
-9%
|
22
-7%
|
22
N/A
|
24
+9%
|
23
-2%
|
25
+7%
|
27
+8%
|
41
+51%
|
44
+7%
|
46
+4%
|
44
-3%
|
30
-34%
|
32
+8%
|
30
-6%
|
27
-10%
|
28
+3%
|
28
+1%
|
30
+6%
|
36
+19%
|
41
+14%
|
38
-7%
|
39
+4%
|
38
-3%
|
35
-9%
|
25
-27%
|
20
-20%
|
12
-39%
|
14
+10%
|
30
+118%
|
31
+5%
|
15
-52%
|
(11)
N/A
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(8)
|
(8)
|
(9)
|
(2)
|
(3)
|
(3)
|
(3)
|
(9)
|
(8)
|
(8)
|
(9)
|
(6)
|
(7)
|
(8)
|
(13)
|
(16)
|
(17)
|
(16)
|
(11)
|
(10)
|
(9)
|
4
|
4
|
23
|
24
|
11
|
10
|
(7)
|
(7)
|
(6)
|
(6)
|
(13)
|
(12)
|
(11)
|
(9)
|
(11)
|
(11)
|
(7)
|
(2)
|
|
Income from Continuing Operations |
15
|
15
|
16
|
16
|
23
|
23
|
24
|
23
|
15
|
14
|
14
|
15
|
17
|
18
|
19
|
28
|
28
|
29
|
29
|
19
|
23
|
22
|
32
|
32
|
52
|
54
|
46
|
51
|
30
|
32
|
32
|
28
|
13
|
8
|
2
|
4
|
19
|
20
|
8
|
(12)
|
|
Income to Minority Interest |
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(10)
|
(10)
|
(10)
|
(10)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
|
Net Income (Common) |
13
N/A
|
14
+5%
|
14
+4%
|
15
+2%
|
20
+35%
|
20
+4%
|
21
+1%
|
20
-1%
|
14
-33%
|
13
-7%
|
13
+1%
|
14
+9%
|
16
+17%
|
18
+9%
|
19
+7%
|
29
+53%
|
30
+3%
|
131
+337%
|
130
0%
|
120
-8%
|
123
+3%
|
22
-82%
|
32
+45%
|
33
+3%
|
42
+27%
|
44
+5%
|
37
-17%
|
41
+13%
|
29
-31%
|
30
+6%
|
30
N/A
|
26
-13%
|
12
-53%
|
8
-36%
|
2
-81%
|
4
+173%
|
19
+361%
|
20
+7%
|
102
+404%
|
111
+8%
|
|
EPS (Diluted) |
0.72
N/A
|
0.75
+4%
|
0.79
+5%
|
0.81
+3%
|
1.08
+33%
|
1.13
+5%
|
1.16
+3%
|
1.15
-1%
|
0.77
-33%
|
0.71
-8%
|
0.72
+1%
|
0.79
+10%
|
0.93
+18%
|
1.01
+9%
|
1.08
+7%
|
1.66
+54%
|
1.72
+4%
|
7.6
+342%
|
7.48
-2%
|
6.91
-8%
|
7.12
+3%
|
1.3
-82%
|
1.93
+48%
|
2.15
+11%
|
2.76
+28%
|
2.91
+5%
|
2.42
-17%
|
2.73
+13%
|
1.89
-31%
|
2
+6%
|
2.03
+1%
|
1.77
-13%
|
0.83
-53%
|
0.53
-36%
|
0.1
-81%
|
0.28
+180%
|
1.28
+357%
|
1.36
+6%
|
6.96
+412%
|
7.54
+8%
|