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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES:        
Premiums earned $ 31,618 [1] $ 19,334 [2] $ 61,614 [3] $ 37,791 [4]
Fee and agency income 4,688 [5] 3,739 [6] 8,935 [7] 6,867 [8]
Net investment income 501 500 1,005 996
Net realized investment gains (losses) 387 44 927 170
Total other-than-temporary impairment losses 0 (359) 0 (359)
Portion of losses recognized in other comprehensive income 0 170 0 170
Net impairment losses recognized in earnings 0 (189) 0 (189)
Other income 179 47 252 74
TOTAL REVENUES 37,373 23,475 72,733 45,709
EXPENSES        
Insurance benefits, claims and reserves 20,194 [9] 14,266 [10] 41,427 [11] 25,957 [12]
Selling, general and administrative expenses 14,397 [13] 8,417 [14] 27,001 [15] 17,010 [16]
Amortization and depreciation 256 45 484 90
TOTAL EXPENSES 34,847 22,728 68,912 43,057
Income before income tax 2,526 747 3,821 2,652
Provision for income taxes 821 196 1,193 804
Net income 1,705 551 2,628 1,848
Less: Net income attributable to the non-controlling interest (201) (242) (433) (420)
Net income attributable to American Independence Corp. $ 1,504 $ 309 $ 2,195 $ 1,428
Basic income per share attributable to American Independence Corp. common stockholders $ 0.19 $ 0.04 $ 0.27 $ 0.17
Weighted-average basic shares outstanding 8,073 8,272 8,079 8,272
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.19 $ 0.04 $ 0.27 $ 0.17
Weighted-average diluted shares outstanding 8,076 8,272 8,079 8,272
[1] $16,969 from related parties
[2] $9,151 from related parties
[3] $33,210 from related parties
[4] $18,155 from related parties
[5] $3,467 from related parties
[6] $1,686 from related parties
[7] $4,628 from related parties
[8] $2,885 from related parties
[9] $9,147 from related parties
[10] $5,898 from related parties
[11] $17,358 from related parties
[12] $11,487 from related parties
[13] $7,414 from related parties
[14] $2,809 from related parties
[15] $9,501 from related parties
[16] $5,929 from related parties