SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D C
FORM 10-Q
QUARTERLY REPORT
Under Section 13 or 15 (d) of the Securities Exchange Act of 1934
FOR THREE MONTHS ENDED
MARCH 31, 1996
Commission File: 0-3216
INVESTORS HERITAGE LIFE INSURANCE COMPANY
(Exact name of registrant as specified in Charter)
KENTUCKY 61-0574893
(State of Other Jurisdiction (IRS Employer
of Incorporation or Organization) Identification Number)
200 Capital Ave. P.O. Box 717 Frankfort KY 40602
(Address of Principal Executive Offices)
Registrant's Telephone Number - (502) 223-2361
_________________________________________________________________
Securities registered pursuant to Section 13 (g) of the Act:
Common Capital Stock, par value $1.00 per share (Title of Class)
Number of outstanding shares as of March 31, 1996 - 898,424
(Title of Class)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. YES_X_ NO____
PART II - OTHER INFORMATION
ITEM 1. Legal Proceedings.
There are no legal proceedings to which the Registrant is a party which are
material to the overall financial condition or the results of operations of the
Company.
ITEM 2. Changes in Securities.
Not Applicable.
ITEM 3. Defaults Upon Senior Securities.
Not Applicable.
ITEM 4. Submission of matters to a Vote of Security Holders.
None.
ITEM 5. Other Information.
Not Applicable.
ITEM 6. Exhibits and Reports on Form 8-K.
(b) There were no reports filed on Form 8-K during the quarter ended March 31,
1996.
(c) Exhibit 27 - Financial Data Schedule.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
INVESTORS HERITAGE LIFE INSURANCE COMPANY
May 13, 1996 /s/
DATE BY: Harry Lee Waterfield II
President
May 13, 1996 /s/
DATE BY: Jimmy R. McIver
Treasurer
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<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> MAR-31-1996
<DEBT-HELD-FOR-SALE> 136,127,644
<DEBT-CARRYING-VALUE> 0
<DEBT-MARKET-VALUE> 0
<EQUITIES> 2,574,077
<MORTGAGE> 13,323,419
<REAL-ESTATE> 0
<TOTAL-INVEST> 163,294,414
<CASH> 2,474,311
<RECOVER-REINSURE> 331,711
<DEFERRED-ACQUISITION> 28,761,965
<TOTAL-ASSETS> 211,013,454
<POLICY-LOSSES> 159,277,972
<UNEARNED-PREMIUMS> 6,358,124
<POLICY-OTHER> 1,552,034
<POLICY-HOLDER-FUNDS> 2,008,375
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0
0
<COMMON> 1,441,730
<OTHER-SE> 34,773,479
<TOTAL-LIABILITY-AND-EQUITY> 211,013,454
8,024,741
<INVESTMENT-INCOME> 2,723,983
<INVESTMENT-GAINS> 54,082
<OTHER-INCOME> 80,293
<BENEFITS> 4,051,077
<UNDERWRITING-AMORTIZATION> 56,523
<UNDERWRITING-OTHER> 6,592,033
<INCOME-PRETAX> 183,466
<INCOME-TAX> 25,685
<INCOME-CONTINUING> 157,781
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<NET-INCOME> 157,781
<EPS-PRIMARY> .18
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