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American Independence Corp. and Subsidiaries - Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES:      
Premiums earned $ 148,803 [1] $ 133,606 [2] $ 127,203 [3]
Fee and agency income 30,963 [4] 27,918 [5] 22,421 [6]
Net investment income 2,247 2,202 2,104
Net realized investment gains (losses) 260 967 1,082
Other income 993 183 463
TOTAL REVENUES 183,266 164,876 153,273
EXPENSES      
Insurance benefits, claims and reserves 98,741 [7] 88,887 [8] 87,118 [9]
Selling, general and administrative expenses 76,410 [10] 69,752 [11] 58,878 [12]
Amortization and depreciation 1,605 1,692 1,836
TOTAL EXPENSES 176,756 160,331 147,832
Income before income tax 6,510 4,545 5,441
Provision for income taxes 2,695 (802) 1,576
Net income 3,815 5,347 3,865
Less: Net income attributable to the non-controlling interest (286) (97) (983)
Net income attributable to American Independence Corp. $ 3,529 $ 5,250 $ 2,882
Basic income per common share:      
Basic income per share attributable to American Independence Corp. common stockholders $ 0.44 $ 0.65 $ 0.36
Weighted-average basic shares outstanding 8,082 8,077 8,076
Diluted income per common share:      
Diluted income per share attributable to American Independence Corp. common stockholders $ 0.44 $ 0.65 $ 0.36
Weighted-average diluted shares outstanding 8,094 8,103 8,084
[1] $82,250 from related parties
[2] $68,843 from related parties
[3] $69,710 from related parties
[4] $17,306 from related parties
[5] $14,475 from related parties
[6] $10,058 from related parties
[7] $45,417 from related parties
[8] $46,077 from related parties
[9] $40,490 from related parties
[10] $24,990 from related parties
[11] $21,319 from related parties
[12] $19,223 from related parties