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Schedule II - Condensed Financial Information of Parent Company: Schedule of Condensed Income Statement - Parent Only (Tables) (Parent Company)
12 Months Ended
Dec. 31, 2013
Parent Company
 
Schedule of Condensed Income Statement - Parent Only

 

SCHEDULE II

(Continued)

 

AMERICAN INDEPENDENCE CORP.

CONDENSED STATEMENTS OF INCOME (In thousands)

(PARENT COMPANY ONLY)

 

 

 

YEAR ENDED

 

 

DECEMBER 31,

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

REVENUES:

 

 

 

 

 

 

Net investment income

$

47 

$

50 

$

45 

Net realized investment gains (losses)

 

(31)

 

15 

 

11 

 

 

16 

 

65 

 

56 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXPENSES:

 

 

 

 

 

 

General and administrative expenses and other

 

1,903 

 

1,752 

 

1,838 

 

 

1,903 

 

1,752 

 

1,838 

 

 

 

 

 

 

 

Loss before income tax expense

 

(1,887)

 

(1,687)

 

(1,782)

Income tax benefit

 

(659)

 

(6,488)

 

(620)

 

 

 

 

 

 

 

Income (loss) before equity in net income of subsidiaries

 

(1,228)

 

4,801 

 

(1,162)

Equity in net income of subsidiaries, net of tax

 

5,646 

 

5,741 

 

4,346 

 

 

 

 

 

 

 

Net income

 

4,418 

 

10,542 

 

3,184 

Income from non-controlling interests in subsidiaries

 

(983)

 

(950)

 

(690)

 

 

 

 

 

 

 

Net income attributable to American Independence Corp.

$

3,435 

$

9,592 

$

2,494