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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES:    
Premiums earned$ 19,138[1]$ 17,833[2]$ 54,573[3]$ 55,650[4]
Fee and agency income2,906[5]3,183[6]9,805[7]10,445[8]
Net investment income6156121,7301,887
Net realized investment gains238136323445
Other-than-temporary impairment losses00(20)(29)
Other income723525030
TOTAL REVENUES22,96921,79966,66168,428
EXPENSES    
Insurance benefits, claims and reserves12,150[9]11,808[10]36,116[11]38,139[12]
Selling, general and administrative expenses9,099[13]8,584[14]26,347[15]25,966[16]
Amortization and depreciation214215645646
TOTAL EXPENSES21,46320,60763,10864,751
Income before income tax1,5061,1923,5533,677
Provision for income taxes4433241,0091,021
Net income1,0638682,5442,656
Less: Net income attributable to the non-controlling interest(150)(245)(557)(717)
Net income attributable to American Independence Corp.$ 913$ 623$ 1,987$ 1,939
Basic income per share attributable to American Independence Corp. common stockholders$ 0.11$ 0.07$ 0.23$ 0.23
Weighted-average basic shares outstanding8,5248,5128,5188,509
Diluted income per share attributable to American Independence Corp. common stockholders$ 0.11$ 0.07$ 0.23$ 0.23
Weighted-average diluted shares outstanding8,5248,5128,5188,509
[1]$8,406 from related parties
[2]$8,268 from related parties
[3]$24,118 from related parties
[4]$26,079 from related parties
[5]$1,090 from related parties
[6]$1,081 from related parties
[7]$3,603 from related parties
[8]$4,029 from related parties
[9]$4,860 from related parties
[10]$5,827 from related parties
[11]$14,526 from related parties
[12]$16,828 from related parties
[13]$3,071 from related parties
[14]$3,002 from related parties
[15]$8,954 from related parties
[16]$9,057 from related parties