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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,481 $ 1,788
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment (gains) losses (85) (309)
Other-than-temporary impairment loss 20 29
Amortization and depreciation 431 431
Equity (income) loss (3) 16
Deferred tax expense 580 707
Non-cash stock compensation expense 25 38
Change in operating assets and liabilities:    
Change in insurance reserves 353 (2,881)
Change in net amounts due from and to reinsurers (1,322) 327
Change in accrued fee income (909) (644)
Change in premiums receivable 1,172 404
Change in income taxes (25) (29)
Change in other assets and other liabilities (1,722) (583)
Net cash used by operating activities of continuing operations (4) (706)
Net cash used by operating activities of discontinued operations 0 (93)
Net cash used by operating activities (4) (799)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Change in net amount due from and to securities brokers (1,950) (1,910)
Net sales of securities under resale and repurchase agreements 4,379 2,577
Sales of and principal repayments on fixed maturities 13,634 20,600
Maturities and other repayments of fixed maturities 2,754 7,382
Purchases of fixed maturities (17,765) (30,661)
Sales of equity securities 3,607 2,607
Purchases of equity securities (5,977) (1,961)
Net cash used by investing activities (1,318) (1,366)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 48 45
Repurchase of common stock 0 (1)
Net cash provided by financing activities 48 44
Decrease in cash and cash equivalents (1,274) (2,121)
Cash and cash equivalents, beginning of period 2,614 4,073
Cash and cash equivalents, end of period 1,340 1,952
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes $ 4 $ 5