Schedule II - Condensed Financial Information of Parent Company: Schedule of Condensed Cash Flow Statement - Parent Only (Tables) (Parent Company)

12 Months Ended

Dec. 31, 2013

Parent Company

Schedule of Condensed Cash Flow Statement - Parent Only

SCHEDULE II
(Continued)
AMERICAN INDEPENDENCE CORP.
CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
(PARENT COMPANY ONLY)
		YEAR ENDED
		DECEMBER 31,
		2013		2012		2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	4,418	$	10,542	$	3,184
Adjustments to reconcile net income to net cash
provided from operating activities:
Deferred tax expense (benefit)		(661)		(3,965)		1,389
Equity in net income of subsidiaries		(5,646)		(5,741)		(4,346)
Net realized investment (gains) losses		31		(15)		(11)
Non-cash compensation expense		42		33		43
Change in operating assets and liabilities:
Change in deferred tax asset		-		(67)		(131)
Change in other assets and liabilities		(6)		(310)		(893)
Net cash provided by (used by) operating activities		(1,822)		477		(765)
CASH FLOWS FROM INVESTING ACTIVITIES:
Decrease (increase) in investments in and advances to
consolidated subsidiaries		2,627		(1,107)		1,958
IPA Family acquisition of non-controlling interest		-		-		(525)
Change in loan receivable		(1,300)		(175)		(750)
Purchases of fixed maturities		(1,746)		(2,154)		-
Sales of fixed maturities		1,715		5,669		1,201
Net cash provided by investing activities		1,296		2,233		1,884
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		-		-		57
Repurchase of common stock		(1,198)		-		(1,310)
Net cash used by financing activities		(1,198)		-		(1,253)
Increase (decrease) in cash and cash equivalents		(1,724)		2,710		(134)
Cash and cash equivalents, beginning of period		3,170		460		594
Cash and cash equivalents, end of period	$	1,446	$	3,170	$	460
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for:
Income taxes	$	32	$	5	$	7