XML 57 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,709 $ 1,325
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment gains (352) (283)
Amortization and depreciation 679 862
Equity (income) loss (127) (54)
Net gain on step acquisition of GAF and settlement of pre-existing relationships (503) 0
Deferred tax expense 962 644
Non-cash stock compensation expense 22 27
Amortization of bond premiums and discounts 301 254
Change in operating assets and liabilities:    
Change in trading securities 23 (437)
Change in policy benefits and claims 7,481 (2,249)
Change in net amounts due from and to reinsurers (1,909) 772
Change in accrued fee income 193 (606)
Change in claims fund 8 (115)
Change in commissions payable 1,033 183
Change in premiums receivable (3,650) 1,059
Change in income taxes 65 (8)
Dividends received 173 0
Change in other assets and other liabilities 180 587
Net cash provided by operating activities 6,288 1,961
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net sales of securities under resale and repurchase agreements (5,084) (1,336)
Sales of and principal repayments on fixed maturities 39,226 27,634
Maturities and other repayments of fixed maturities 2,207 2,362
Purchases of fixed maturities (43,330) (31,630)
Sales of equity securities 0 1
Change in loan receivable 276 (72)
Cash paid in acquisitions, net of cash acquired 511 0
Other investing activities (30) 1,450
Net cash used by investing activities (6,224) (1,591)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 0 33
IPA Acquisition of non-controlling interest (126) 0
Dividends paid to non-controlling interest 0 (472)
Net cash provided (used) by financing activities (126) (439)
Increase (decrease) in cash and cash equivalents (62) (69)
Cash and cash equivalents, beginning of period 4,569 4,424
Cash and cash equivalents, end of period 4,507 4,355
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes $ 10 $ 5