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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, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 4,418 $ 10,542 $ 3,184
Adjustments to reconcile net income to net change in cash from operating activities:      
Net realized investment gains (1,082) (603) (520)
Other-than-temporary impairment loss 0 189 89
Amortization and depreciation 981 509 855
Equity (income) loss (446) (57) (9)
Deferred tax expense 1,779 (3,965) 1,389
Non-cash stock compensation expense 42 33 43
Amortization of bond premiums and discounts 594 0 0
Change in operating assets and liabilities:      
Change in trading securities 423 (196) 0
Change in policy benefits and claims 10,259 3,963 (979)
Change in net amounts due from and to reinsurers (1,496) 68 (858)
Change in accrued fee income 790 (1,930) 41
Change in claims fund (55) (978) (1,213)
Change in commissions payable 1,126 1,309 (1,161)
Change in premiums receivable (3,977) (2,926) 2,604
Change in income taxes 54 162 (91)
Dividends received 0 86 0
Change in other assets and other liabilities 2,780 1,362 (247)
Net cash provided by operating activities 16,190 7,568 3,127
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net sales of securities under resale and repurchase agreements 1,671 (2,555) 4,037
Sales of and principal repayments on fixed maturities 37,191 29,305 30,942
Maturities and other repayments of fixed maturities 4,319 2,851 3,827
Purchases of fixed maturities (55,102) (32,398) (37,036)
Sales of equity securities 1,501 528 9,579
Purchases of equity securities 0 0 (10,009)
Change in loan receivable (1,410) (425) (2,000)
Cash paid in acquisitions, net of cash acquired (1,250) (2,300) (525)
Other investing activities (533) 254 (1,555)
Net cash used by investing activities (13,613) (4,740) (2,740)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 0 0 57
Payment of contingent liability on acquisitions (642) 0 0
Dividends paid to non-controlling interest (889) 0 0
Repurchase of common stock (1,198) 0 (1,310)
Net cash provided (used) by financing activities (2,729) 0 (1,253)
Increase (decrease) in cash and cash equivalents (152) 2,828 (866)
Cash and cash equivalents, beginning of period 4,576 1,748 2,614
Cash and cash equivalents, end of period 4,424 4,576 1,748
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes $ 32 $ 5 $ 7