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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,628 $ 1,848
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment gains (927) (170)
Other-than-temporary impairment loss 0 189
Amortization and depreciation 484 90
Equity (income) loss (242) (29)
Deferred tax expense 1,148 769
Non-cash stock compensation expense 17 16
Amortization of bond premiums and discounts 346 0
Change in operating assets and liabilities:    
Change in trading securities 62 (82)
Change in insurance reserves 9,225 760
Change in net amounts due from and to reinsurers (777) 219
Change in accrued fee income 663 (1,015)
Change in claims fund (90) (1,302)
Change in commissions payable 1,508 757
Change in premiums receivable (6,880) (876)
Change in income taxes 3 31
Dividends received 0 86
Change in other assets and other liabilities 2,736 1,219
Net cash provided by operating activities of continuing operations 9,904 2,510
Net cash provided by operating activities 9,904 2,510
CASH FLOWS FROM INVESTING ACTIVITIES:    
Change in net amount due from and to securities brokers 98 229
Net sales of securities under resale and repurchase agreements (54) (2,448)
Sales of and principal repayments on fixed maturities 23,946 15,071
Maturities and other repayments of fixed maturities 2,436 1,512
Purchases of fixed maturities (37,522) (16,630)
Sales of equity securities 1,501 0
Change in loan receivable (438) 0
Cash paid in acquisitions, net of cash acquired (1,250) 0
Purchases of fixed assets (138) 0
Net cash used by investing activities (11,421) (2,266)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of contingent liability on acquisitions (342) 0
Dividends paid to non-controlling interest (367) 0
Repurchase of common stock (1,198) 0
Net cash provided (used) by financing activities (1,907) 0
Increase (decrease) in cash and cash equivalents (3,424) 244
Cash and cash equivalents, beginning of period 4,576 1,748
Cash and cash equivalents, end of period 1,152 1,992
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes $ 33 $ 4