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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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES:        
Premiums earned $ 33,644 [1] $ 31,618 [2] $ 66,128 [3] $ 61,614 [4]
Fee and agency income 5,561 [5] 4,688 [6] 15,537 [7] 8,935 [8]
Net investment income 565 501 1,101 1,005
Net realized investment gains (losses) 235 387 283 927
Other income 15 180 58 254
TOTAL REVENUES 40,020 37,374 83,107 72,735
EXPENSES        
Insurance benefits, claims and reserves 20,997 [9] 20,194 [10] 42,783 [11] 41,427 [12]
Selling, general and administrative expenses 17,839 [13] 14,397 [14] 37,488 [15] 27,001 [16]
Amortization and depreciation 434 471 862 912
TOTAL EXPENSES 39,270 35,062 81,133 69,340
Income before income tax 750 2,312 1,974 3,395
Provision for income taxes 307 747 649 1,044
Net income 443 1,565 1,325 2,351
Less: Net income attributable to the non-controlling interest 14 (201) (226) (433)
Net income attributable to American Independence Corp. $ 457 $ 1,364 $ 1,099 $ 1,918
Basic income per share attributable to American Independence Corp. common stockholders $ 0.06 $ 0.17 $ 0.14 $ 0.24
Weighted-average basic shares outstanding 8,076 8,073 8,075 8,079
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.06 $ 0.17 $ 0.14 $ 0.24
Weighted-average diluted shares outstanding 8,101 8,076 8,100 8,079
[1] $16,173 from related parties
[2] $16,969 from related parties
[3] $33,819 from related parties
[4] $33,210 from related parties
[5] $3,291 from related parties
[6] $3,467 from related parties
[7] $7,503 from related parties
[8] $4,628 from related parties
[9] $12,298 from related parties
[10] $9,147 from related parties
[11] $22,663 from related parties
[12] $17,358 from related parties
[13] $5,195 from related parties
[14] $6,437 from related parties
[15] $10,556 from related parties
[16] $9,501 from related parties