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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 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES:        
Premiums earned $ 19,334 [1] $ 17,666 [2] $ 37,791 [3] $ 35,435 [4]
Fee and agency income 3,739 [5] 3,583 [6] 6,867 [7] 6,899 [8]
Net investment income 500 556 996 1,115
Net realized investment gains (losses) 44 100 170 85
Total other-than-temporary impairment losses (359) (20) (359) (20)
Portion of losses recognized in other comprehensive income 170 0 170 0
Net impairment losses recognized in earnings (189) (20) (189) (20)
Other income 47 85 74 178
TOTAL REVENUES 23,475 21,970 45,709 43,692
EXPENSES        
Insurance benefits, claims and reserves 14,266 [9] 12,918 [10] 25,957 [11] 23,966 [12]
Selling, general and administrative expenses 8,417 [13] 8,340 [14] 17,010 [15] 17,248 [16]
Amortization and depreciation 45 217 90 431
TOTAL EXPENSES 22,728 21,475 43,057 41,645
Income before income tax 747 495 2,652 2,047
Provision for income taxes 196 71 804 566
Net income 551 424 1,848 1,481
Less: Net income attributable to the non-controlling interest (242) (287) (420) (407)
Net income attributable to American Independence Corp. $ 309 $ 137 $ 1,428 $ 1,074
Basic income per share attributable to American Independence Corp. common stockholders $ 0.04 $ 0.02 $ 0.17 $ 0.13
Weighted-average basic shares outstanding 8,272 8,520 8,272 8,516
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.04 $ 0.02 $ 0.17 $ 0.13
Weighted-average diluted shares outstanding 8,272 8,520 8,272 8,516
[1] $9,151 from related parties
[2] $7,657 from related parties
[3] $18,155 from related parties
[4] $15,712 from related parties
[5] $1,686 from related parties
[6] $1,660 from related parties
[7] $2,885 from related parties
[8] $2,511 from related parties
[9] $5,898 from related parties
[10] $4,718 from related parties
[11] $11,487 from related parties
[12] $9,666 from related parties
[13] $2,809 from related parties
[14] $2,927 from related parties
[15] $5,929 from related parties
[16] $5,923 from related parties