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American Independence Corp. and Subsidiaries - Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Premiums earned $ 83,778 [1] $ 72,448 [2] $ 73,859 [3]
Fee and agency income 15,441 [4] 12,647 [5] 13,425 [6]
Net investment income 2,126 2,189 2,518
Net realized investment gains (losses) 603 520 (244)
Total other-than-temporary impairment losses (359) (130) (179)
Portion of losses recognized in other comprehensive income 170 41 0
Net impairment losses recognized in earnings (189) (89) (179)
Other income 126 323 25
TOTAL REVENUES 101,885 88,038 89,404
EXPENSES      
Insurance benefits, claims and reserves 56,849 [7] 47,768 [8] 50,226 [9]
Selling, general and administrative expenses 37,875 [10] 34,924 [11] 34,244 [12]
Amortization and depreciation 509 855 861
TOTAL EXPENSES 95,233 83,547 85,331
Income before income tax 6,652 4,491 4,073
Provision for income taxes (3,890) 1,307 1,091
Net income 10,542 3,184 2,982
Less: Net income attributable to the non-controlling interest (950) (690) (883)
Net income attributable to American Independence Corp. $ 9,592 $ 2,494 $ 2,099
Basic income per share attributable to American Independence Corp. common stockholders $ 1.16 $ 0.29 $ 0.25
Weighted-average basic shares outstanding 8,272 8,497 8,509
Diluted income per share attributable to American Independence Corp. common stockholders $ 1.16 $ 0.29 $ 0.25
Weighted-average diluted shares outstanding 8,272 8,497 8,509
[1] $41,191 from related parties
[2] $36,350 from related parties
[3] $34,299 from related parties
[4] $5,622 from related parties
[5] $4,764 from related parties
[6] $4,904 from related parties
[7] $25,993 from related parties
[8] $19,609 from related parties
[9] $22,982 from related parties
[10] $13,335 from related parties
[11] $11,914 from related parties
[12] $11,825 from related parties