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American Independence Corp. and Subsidiaries - Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 3,184 $ 2,982 $ 3,166
Adjustments to reconcile net income to net change in cash from operating activities:      
Net realized investment gains (520) 244 (275)
Other-than-temporary impairment loss 89 179 0
Amortization and depreciation 855 861 842
Equity (income) loss (9) 45 29
Deferred tax expense 1,389 1,154 1,438
Non-cash stock compensation expense 43 74 99
Change in operating assets and liabilities:      
Change in insurance reserves (979) (4,100) (3,481)
Change in net amounts due from and to reinsurers (858) 2,068 37
Change in accrued fee income 651 (429) 151
Change in claims fund (1,213) (242) (440)
Change in commissions payable (1,161) 253 336
Change in premiums receivable 2,604 475 (969)
Change in income taxes (91) (102) (23)
Change in other assets and other liabilities (857) 17 (390)
Net cash provided by operating activities of continuing operations 3,127 3,479 520
Net cash used by operating activities of discontinued operations 0 (93) (260)
Net cash provided by operating activities 3,127 3,386 260
CASH FLOWS FROM INVESTING ACTIVITIES:      
Change in net amount due from and to securities brokers (1,555) 453 809
Net sales of securities under resale and repurchase agreements 4,037 (4,139) 1,340
Sales of and principal repayments on fixed maturities 30,942 39,396 27,226
Maturities and other repayments of fixed maturities 3,827 8,329 8,838
Purchases of fixed maturities (37,036) (50,380) (37,219)
Sales of equity securities 9,579 8,239 607
Purchases of equity securities (10,009) (6,728) (2,189)
Change in loan receivable (2,000) 0 0
IPA Acquisition of non-controlling interest (525) 0 0
Net cash used by investing activities (2,740) (4,830) (588)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 57 45 0
Repurchase of common stock (1,310) (60) 0
Net cash provided (used) by financing activities (1,253) (15) 0
Increase (decrease) in cash and cash equivalents (866) (1,459) (328)
Cash and cash equivalents, beginning of period 2,614 4,073 4,401
Cash and cash equivalents, end of period 1,748 2,614 4,073
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes $ 7 $ 9 $ 28