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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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES:        
Premiums earned $ 31,844 [1] $ 22,281 [2] $ 93,458 [3] $ 60,072 [4]
Fee and agency income 5,038 [5] 3,882 [6] 13,973 [7] 10,749 [8]
Net investment income 537 586 1,542 1,582
Net realized investment gains (losses) 46 30 973 200
Total other-than-temporary impairment losses 0 0 0 (359)
Portion of losses recognized in other comprehensive income 0 0 0 170
Net impairment losses recognized in earnings 0 0 0 (189)
Other income 125 26 377 100
TOTAL REVENUES 37,590 26,805 110,323 72,514
EXPENSES        
Insurance benefits, claims and reserves 22,203 [9] 14,981 [10] 63,630 [11] 40,938 [12]
Selling, general and administrative expenses 13,834 [13] 9,877 [14] 40,835 [15] 26,887 [16]
Amortization and depreciation 252 182 736 272
TOTAL EXPENSES 36,289 25,040 105,201 68,097
Income before income tax 1,301 1,765 5,122 4,417
Provision for income taxes 397 491 1,590 1,295
Net income 904 1,274 3,532 3,122
Less: Net income attributable to the non-controlling interest (201) (268) (634) (688)
Net income attributable to American Independence Corp. $ 703 $ 1,006 $ 2,898 $ 2,434
Basic income per share attributable to American Independence Corp. common stockholders $ 0.09 $ 0.12 $ 0.36 $ 0.29
Weighted-average basic shares outstanding 8,073 8,272 8,077 8,272
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.09 $ 0.12 $ 0.36 $ 0.29
Weighted-average diluted shares outstanding 8,081 8,272 8,083 8,272
[1] $18,563 from related parties
[2] $11,161 from related parties
[3] $51,774 from related parties
[4] $29,317 from related parties
[5] $2,940 from related parties
[6] $1,059 from related parties
[7] $7,569 from related parties
[8] $3,944 from related parties
[9] $12,154 from related parties
[10] $6,621 from related parties
[11] $29,512 from related parties
[12] $18,108 from related parties
[13] $4,762 from related parties
[14] $3,571 from related parties
[15] $14,263 from related parties
[16] $9,500 from related parties