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American Independence Corp. and Subsidiaries - Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:      
Premiums earned $ 127,203 [1] $ 83,778 [2] $ 72,448 [3]
Fee and agency income 22,421 [4] 15,441 [5] 12,647 [6]
Net investment income 2,104 2,126 2,189
Net realized investment gains (losses) 1,082 603 520
Total other-than-temporary impairment losses 0 (359) (130)
Portion of losses recognized in other comprehensive income 0 170 41
Net impairment losses recognized in earnings 0 (189) (89)
Other income 459 126 323
TOTAL REVENUES 153,269 101,885 88,038
EXPENSES      
Insurance benefits, claims and reserves 87,118 [7] 56,849 [8] 47,768 [9]
Selling, general and administrative expenses 58,878 [10] 37,875 [11] 34,924 [12]
Amortization and depreciation 981 509 855
TOTAL EXPENSES 146,977 95,233 83,547
Income before income tax 6,292 6,652 4,491
Provision for income taxes 1,874 (3,890) 1,307
Net income 4,418 10,542 3,184
Less: Net income attributable to the non-controlling interest (983) (950) (690)
Net income attributable to American Independence Corp. $ 3,435 $ 9,592 $ 2,494
Basic income per share attributable to American Independence Corp. common stockholders $ 0.43 $ 1.16 $ 0.29
Weighted-average basic shares outstanding 8,076 8,272 8,497
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.43 $ 1.16 $ 0.29
Weighted-average diluted shares outstanding 8,084 8,272 8,497
[1] $69,710 from related parties
[2] $41,191 from related parties
[3] $36,350 from related parties
[4] $10,058 from related parties
[5] $5,622 from related parties
[6] $4,764 from related parties
[7] $40,490 from related parties
[8] $25,993 from related parties
[9] $19,609 from related parties
[10] $19,223 from related parties
[11] $13,335 from related parties
[12] $11,914 from related parties