XML 34 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,848 $ 1,481
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment gains (170) (85)
Other-than-temporary impairment loss 189 20
Amortization and depreciation 90 431
Equity (income) loss (29) (3)
Deferred tax expense 769 580
Non-cash stock compensation expense 16 25
Change in operating assets and liabilities:    
Change in trading securities (82) 0
Change in insurance reserves 760 (206)
Change in net amounts due from and to reinsurers 219 (763)
Change in accrued fee income (1,015) (1,364)
Change in claims fund (1,302) 100
Change in commissions payable 757 (274)
Change in premiums receivable (876) 1,172
Change in income taxes 31 (25)
Change in other assets and other liabilities 1,219 (1,093)
Net cash provided by operating activities 2,424 (4)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Change in net amount due from and to securities brokers 229 (1,950)
Net sales of securities under resale and repurchase agreements (2,448) 4,379
Sales of and principal repayments on fixed maturities 15,071 13,634
Maturities and other repayments of fixed maturities 1,512 2,754
Purchases of fixed maturities (16,630) (17,765)
Sales of equity securities 0 3,607
Purchases of equity securities 0 (5,977)
Dividends received 86 0
Net cash used by investing activities (2,180) (1,318)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 0 48
Net cash provided (used) by financing activities 0 48
Increase (decrease) in cash and cash equivalents 244 (1,274)
Cash and cash equivalents, beginning of period 1,748 2,614
Cash and cash equivalents, end of period 1,992 1,340
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes $ 4 $ 4