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American Independence Corp. and Subsidiaries - Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 10,542 $ 3,184 $ 2,982
Adjustments to reconcile net income to net change in cash from operating activities:      
Net realized investment gains (603) (520) 244
Other-than-temporary impairment loss 189 89 179
Amortization and depreciation 509 855 861
Equity (income) loss (57) (9) 45
Deferred tax expense (3,965) 1,389 1,154
Non-cash stock compensation expense 33 43 74
Change in operating assets and liabilities:      
Change in trading securities (196) 0 0
Change in insurance reserves 3,963 (979) (4,100)
Change in net amounts due from and to reinsurers 68 (858) 2,068
Change in accrued fee income (1,930) 41 (429)
Change in claims fund (978) (1,213) (242)
Change in commissions payable 1,309 (1,161) 253
Change in premiums receivable (2,926) 2,604 475
Change in income taxes 162 (91) (102)
Change in other assets and other liabilities 1,362 (247) 17
Net cash provided by operating activities of continuing operations 7,482 3,127 3,479
Net cash used by operating activities of discontinued operations 0 0 (93)
Net cash provided by operating activities 7,482 3,127 3,386
CASH FLOWS FROM INVESTING ACTIVITIES:      
Change in net amount due from and to securities brokers 254 (1,555) 453
Net sales of securities under resale and repurchase agreements (2,555) 4,037 (4,139)
Sales of and principal repayments on fixed maturities 29,305 30,942 39,396
Maturities and other repayments of fixed maturities 2,851 3,827 8,329
Purchases of fixed maturities (32,398) (37,036) (50,380)
Sales of equity securities 528 9,579 8,239
Purchases of equity securities 0 (10,009) (6,728)
Dividends received 86 0 0
Change in loan receivable (425) (2,000) 0
Cash paid in acquisitions, net of cash acquired (2,300) (525) 0
Net cash used by investing activities (4,654) (2,740) (4,830)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 0 57 45
Repurchase of common stock 0 (1,310) (60)
Net cash provided (used) by financing activities 0 (1,253) (15)
Increase (decrease) in cash and cash equivalents 2,828 (866) (1,459)
Cash and cash equivalents, beginning of period 1,748 2,614 4,073
Cash and cash equivalents, end of period 4,576 1,748 2,614
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes $ 5 $ 7 $ 9