Schedule V - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2012

Notes

Schedule V - Valuation and Qualifying Accounts

SCHEDULE V

AMERICAN INDEPENDENCE CORP. VALUATION AND QUALIFYING ACCOUNTS

(In thousands)

		Balance at		Charged to		Charged to
		Beginning		Costs and		Other				Balance at
		Of Period		Expenses		Accounts		Deductions		End of Period
Valuation Allowance on Deferred
Tax Asset:
Year ended December 31, 2012	$	84,665	$	(193)	$	-	$	(5,900) (b)	$	78,572
Year ended December 31, 2011	$	86,059	$	(411)	$	-	$	(983) (a)	$	84,665
Year ended December 31, 2010	$	86,384	$	(325)	$	-	$	-	$	86,059
Net Liabilities Associated with
Discontinued Operations:
Year ended December 31, 2012	$	-	$	-	$	-	$	-	$	-
Year ended December 31, 2011	$	-	$	-	$	-	$	-	$	-
Year ended December 31, 2010	$	106	$	-	$	-	$	106	$	-

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(a)   Decrease due to deferred tax assets no longer required.

(b)   Reduction is based on management's periodic evaluation of the valuation allowance.