SEC Schedule I, Article 12-15, Summary of Investments - Other than Investments in Related Parties

12 Months Ended

Dec. 31, 2011

SEC Schedule, Article 12-15, - SCHED I - Summary of Investments - Other than Investments in Related Parties

Summary of Investments, Other than Investments in Related Parties [Text Block]

SCHEDULE I

AMERICAN INDEPENDENCE CORP. AND SUBSIDIARIES

SUMMARY OF INVESTMENTS – OTHER THAN INVESTMENTS IN RELATED PARTIES

AS OF DECEMBER 31, 2011

(In thousands)

													AMOUNT
													SHOWN ON
								AMORTIZED			FAIR		BALANCE
TYPE OF INVESTMENT								COST			VALUE		SHEET

FIXED MATURITIES:
	BONDS:
		Corporate securities					$	30,031	$		30,475	$	30,475
		Collateralized mortgage obligations (CMO) -
					residential			1,760			1,888		1,888
		CMO - commercial						579			215		215
		States, municipalities and political subdivisions						8,851			9,367		9,367
		U.S. Government						5,982			6,291		6,291
		Government sponsored enterprise (GSE)						8,900			8,983		8,983
		Agency mortgage backed pass through
				securities (MBS)				196			212		212

						TOTAL FIXED MATURITIES		56,299			57,431		57,431

EQUITY SECURITIES
		Common stock						831			851		851
		Preferred stock with maturities						273			308		308
		Preferred stock without maturities						2,981			3,072		3,072

					TOTAL EQUITY SECURITIES			4,085		4,231			4,231

Securities purchased under agreements to resell								2,679			2,679		2,679

			TOTAL INVESTMENTS				$	63,063	$		64,341	$	64,341

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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