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American Independence Corp. and Subsidiaries - Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES:      
Premiums earned $ 72,448 [1] $ 73,859 [2] $ 85,515 [3]
Fee and agency income 12,647 [4] 13,425 [5] 15,340 [6]
Net investment income 2,189 2,518 2,924
Net realized investment gains 520 (244) 275
Total other-than-temporary impairment losses (130) (179) 0
Portion of losses recognized in other comprehensive income 41 0 0
Net impairment losses recognized in earnings (89) (179) 0
Other income 323 25 193
TOTAL REVENUES 88,038 89,404 104,247
EXPENSES      
Insurance benefits, claims and reserves 47,768 [7] 50,226 [8] 59,658 [9]
Selling, general and administrative expenses 34,924 [10] 34,244 [11] 39,109 [12]
Amortization and depreciation 855 861 842
TOTAL EXPENSES 83,547 85,331 99,609
Income before income tax 4,491 4,073 4,638
Provision for income taxes 1,307 1,091 1,472
Net income 3,184 2,982 3,166
Less: Net income attributable to the non-controlling interest (690) (883) (554)
Net income attributable to American Independence Corp. $ 2,494 $ 2,099 $ 2,612
Basic income per share attributable to American Independence Corp. common stockholders $ 0.29 $ 0.25 $ 0.31
Weighted-average basic shares outstanding 8,497 8,509 8,505
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.29 $ 0.25 $ 0.31
Weighted-average diluted shares outstanding 8,497 8,509 8,505
[1] $36,350 from related parties
[2] $34,299 from related parties
[3] $45,519 from related parties
[4] $4,764 from related parties
[5] $4,904 from related parties
[6] $5,272 from related parties
[7] $19,609 from related parties
[8] $22,982 from related parties
[9] $31,009 from related parties
[10] $11,914 from related parties
[11] $11,825 from related parties
[12] $14,825 from related parties