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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES:    
Premiums earned $ 18,457 [1] $ 17,769 [2]
Fee and agency income 3,128 [3] 3,316 [4]
Net investment income 496 559
Net realized investment gains (losses) 126 (15)
Other income 27 93
TOTAL REVENUES 22,234 21,722
EXPENSES    
Insurance benefits, claims and reserves 11,691 [5] 11,048 [6]
Selling, general and administrative expenses 8,593 [7] 8,908 [8]
Amortization and depreciation 45 214
TOTAL EXPENSES 20,329 20,170
Income before income tax 1,905 1,552
Provision for income taxes 608 495
Net income 1,297 1,057
Less: Net income attributable to the non-controlling interest (178) (120)
Net income attributable to American Independence Corp. $ 1,119 $ 937
Basic income per share attributable to American Independence Corp. common stockholders $ 0.14 $ 0.11
Weighted-average basic shares outstanding 8,272 8,511
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.14 $ 0.11
Weighted-average diluted shares outstanding 8,272 8,511
[1] $9,004 from related parties
[2] $8,055 from related parties
[3] $962 from related parties
[4] $852 from related parties
[5] $5,589 from related parties
[6] $4,946 from related parties
[7] $3,120 from related parties
[8] $2,996 from related parties