XML 51 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Premiums earned $ 22,281 [1] $ 19,138 [2] $ 60,072 [3] $ 54,573 [4]
Fee and agency income 3,882 [5] 2,906 [6] 10,749 [7] 9,805 [8]
Net investment income 586 615 1,582 1,730
Net realized investment gains (losses) 30 238 200 323
Total other-than-temporary impairment losses (170) 0 (359) (20)
Portion of losses recognized in other comprehensive income 170 0 170 0
Net impairment losses recognized in earnings 0 0 (189) (20)
Other income 26 72 100 250
TOTAL REVENUES 26,805 22,969 72,514 66,661
EXPENSES        
Insurance benefits, claims and reserves 14,981 [9] 12,150 [10] 40,938 [11] 36,116 [12]
Selling, general and administrative expenses 9,877 [13] 9,099 [14] 26,887 [15] 26,347 [16]
Amortization and depreciation 182 214 272 645
TOTAL EXPENSES 25,040 21,463 68,097 63,108
Income before income tax 1,765 1,506 4,417 3,553
Provision for income taxes 491 443 1,295 1,009
Net income 1,274 1,063 3,122 2,544
Less: Net income attributable to the non-controlling interest (268) (150) (688) (557)
Net income attributable to American Independence Corp. $ 1,006 $ 913 $ 2,434 $ 1,987
Basic income per share attributable to American Independence Corp. common stockholders $ 0.12 $ 0.11 $ 0.29 $ 0.23
Weighted-average basic shares outstanding 8,272 8,524 8,272 8,518
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.12 $ 0.11 $ 0.29 $ 0.23
Weighted-average diluted shares outstanding 8,272 8,524 8,272 8,518
[1] $11,161 from related parties
[2] $8,406 from related parties
[3] $29,317 from related parties
[4] $24,118 from related parties
[5] $1,059 from related parties
[6] $1,090 from related parties
[7] $3,944 from related parties
[8] $3,603 from related parties
[9] $6,621 from related parties
[10] $4,860 from related parties
[11] $18,108 from related parties
[12] $14,526 from related parties
[13] $3,571 from related parties
[14] $3,071 from related parties
[15] $9,500 from related parties
[16] $8,954 from related parties