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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 3,281 $ 3,117
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment gains (863) (973)
Amortization and depreciation 1,280 1,377
Equity (income) loss (214) (369)
Deferred tax expense 1,890 1,296
Non-cash stock compensation expense 40 30
Amortization of bond premiums and discounts 399 480
Change in operating assets and liabilities:    
Change in trading securities (228) 424
Change in policy benefits and claims (2,957) 8,322
Change in net amounts due from and to reinsurers 788 (2,165)
Change in accrued fee income (874) 384
Change in claims fund (928) 153
Change in commissions payable (39) 887
Change in premiums receivable 219 (2,339)
Change in income taxes 145 27
Change in other assets and other liabilities (244) 2,921
Net cash provided by operating activities 1,695 13,572
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net sales of securities under resale and repurchase agreements 584 170
Sales of and principal repayments on fixed maturities 40,034 30,273
Maturities and other repayments of fixed maturities 2,866 3,644
Purchases of fixed maturities (44,485) (46,289)
Sales of equity securities 0 1,501
Change in loan receivable 73 (638)
Cash paid in acquisitions, net of cash acquired 0 (1,250)
Other investing activities (351) (347)
Net cash used by investing activities (1,279) (12,936)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 33 0
Payment of contingent liability on acquisitions 0 (342)
Dividends paid to non-controlling interest (473) (654)
Repurchase of common stock 0 (1,198)
Net cash provided (used) by financing activities (440) (2,194)
Increase (decrease) in cash and cash equivalents (24) (1,558)
Cash and cash equivalents, beginning of period 4,424 4,576
Cash and cash equivalents, end of period 4,400 3,018
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes $ 8 $ 33