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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Premiums earned $ 37,232 [1] $ 33,644 [2] $ 73,449 [3] $ 66,128 [4]
Fee and agency income 7,080 [5] 5,561 [6] 13,622 [7] 15,537 [8]
Net investment income 498 565 1,110 1,101
Net realized investment gains (losses) 211 235 352 283
Other income 589 15 634 58
TOTAL REVENUES 45,610 40,020 89,167 83,107
EXPENSES        
Insurance benefits, claims and reserves 25,296 [9] 20,997 [10] 49,266 [11] 42,783 [12]
Selling, general and administrative expenses 18,461 [13] 17,839 [14] 36,526 [15] 37,488 [16]
Amortization and depreciation 392 434 679 862
TOTAL EXPENSES 44,149 39,270 86,471 81,133
Income before income tax 1,461 750 2,696 1,974
Provision for income taxes 523 307 987 649
Net income 938 443 1,709 1,325
Less: Net income attributable to the non-controlling interest (51) 14 (100) (226)
Net income attributable to American Independence Corp. $ 887 $ 457 $ 1,609 $ 1,099
Basic income per common share:        
Basic income per share attributable to American Independence Corp. common stockholders $ 0.11 $ 0.06 $ 0.2 $ 0.14
Weighted-average basic shares outstanding 8,079 8,076 8,079 8,075
Diluted income per common share:        
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.11 $ 0.06 $ 0.20 $ 0.14
Weighted-average diluted shares outstanding 8,094 8,101 8,093 8,100
[1] $20,726 from related parties
[2] $16,173 from related parties
[3] $40,509 from related parties
[4] $33,819 from related parties
[5] $4,928 from related parties
[6] $3,291 from related parties
[7] $11,360 from related parties
[8] $7,503 from related parties
[9] $12,817 from related parties
[10] $12,298 from related parties
[11] $25,494 from related parties
[12] $23,663 from related parties
[13] $5,888 from related parties
[14] $5,195 from related parties
[15] $11,693 from related parties
[16] $10,556 from related parties