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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Premiums earned $ 17,666 [1] $ 19,406 [2] $ 35,435 [3] $ 37,817 [4]
MGU and agency income 3,583 [5] 3,615 [6] 6,899 [7] 7,262 [8]
Net investment income 556 661 1,115 1,275
Net realized investment gains (losses) 100 123 85 309
Other-than-temporary impairment losses (20) (29) (20) (29)
Other income 85 9 178 (5)
TOTAL REVENUES 21,970 23,785 43,692 46,629
EXPENSES        
Insurance benefits, claims and reserves 12,918 [9] 14,013 [10] 23,966 [11] 26,331 [12]
Selling, general and administrative expenses 8,340 [13] 8,556 [14] 17,248 [15] 17,382 [16]
Amortization and depreciation 217 218 431 431
TOTAL EXPENSES 21,475 22,787 41,645 44,144
Income before income tax 495 998 2,047 2,485
Provision for income taxes 71 244 566 697
Net income 424 754 1,481 1,788
Less: Net income attributable to the non-controlling interest (287) (281) (407) (472)
Net income attributable to American Independence Corp. $ 137 $ 473 $ 1,074 $ 1,316
Basic income per share attributable to American Independence Corp. common stockholders $ 0.02 $ 0.06 $ 0.13 $ 0.16
Weighted-average basic shares outstanding 8,520 8,509 8,516 8,508
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.02 $ 0.06 $ 0.13 $ 0.16
Weighted-average diluted shares outstanding 8,520 8,509 8,516 8,508
[1] $7,657 from related parties
[2] $9,009 from related parties
[3] $15,712 from related parties
[4] $17,811 from related parties
[5] $1,660 from related parties
[6] $1,275 from related parties
[7] $2,511 from related parties
[8] $2,948 from related parties
[9] $4,718 from related parties
[10] $6,470 from related parties
[11] $9,666 from related parties
[12] $11,001 from related parties
[13] $2,927 from related parties
[14] $2,896 from related parties
[15] $5,923 from related parties
[16] $6,055 from related parties