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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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES:        
Premiums earned $ 33,927 [1] $ 31,844 [2] $ 100,055 [3] $ 93,458 [4]
Fee and agency income 5,944 [5] 5,038 [6] 21,481 [7] 13,973 [8]
Net investment income 544 537 1,645 1,542
Net realized investment gains (losses) 580 46 863 973
Other income 162 126 220 380
TOTAL REVENUES 41,157 37,591 124,264 110,326
EXPENSES        
Insurance benefits, claims and reserves 21,229 [9] 22,203 [10] 64,012 [11] 63,630 [12]
Selling, general and administrative expenses 16,215 [13] 13,834 [14] 53,703 [15] 40,835 [16]
Amortization and depreciation 418 465 1,280 1,377
TOTAL EXPENSES 37,862 36,502 118,995 105,842
Income before income tax 3,295 1,089 5,269 4,484
Provision for income taxes 1,339 323 1,988 1,367
Net income 1,956 766 3,281 3,117
Less: Net income attributable to the non-controlling interest 101 (201) (125) (634)
Net income attributable to American Independence Corp. $ 2,057 $ 565 $ 3,156 $ 2,483
Basic income per share attributable to American Independence Corp. common stockholders $ 0.25 $ 0.07 $ 0.39 $ 0.31
Weighted-average basic shares outstanding 8,079 8,073 8,076 8,077
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.25 $ 0.07 $ 0.39 $ 0.31
Weighted-average diluted shares outstanding 8,097 8,081 8,102 8,083
[1] $17,217 from related parties
[2] $18,563 from related parties
[3] $51,036 from related parties
[4] $51,774 from related parties
[5] $3,987 from related parties
[6] $2,940 from related parties
[7] $11,490 from related parties
[8] $7,569 from related parties
[9] $10,597 from related parties
[10] $12,154 from related parties
[11] $34,259 from related parties
[12] $29,512 from related parties
[13] $5,838 from related parties
[14] $4,762 from related parties
[15] $16,394 from related parties
[16] $14,263 from related parties