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American Independence Corp. and Subsidiaries - Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 3,815 $ 5,347 $ 3,865
Adjustments to reconcile net income to net change in cash from operating activities:      
Net realized investment gains (260) (967) (1,082)
Amortization and depreciation 1,605 1,692 1,836
Equity (income) loss (249) (175) (450)
Net gain on step acquisition of GAF and settlement of pre-existing relationships (503) 0 0
Deferred tax expense 2,125 (829) 1,481
Non-cash stock compensation expense 43 52 42
Other adjustments (115) 0 0
Amortization of bond premiums and discounts 574 549 594
Change in operating assets and liabilities:      
Change in trading securities 947 (185) 423
Change in policy benefits and claims 10,148 (1,636) 10,259
Change in net amounts due from and to reinsurers (1,652) 3,174 (1,496)
Change in accrued fee income (838) (2,137) 790
Change in claims fund 1,056 (873) (55)
Change in commissions payable 1,630 (783) 1,126
Change in premiums receivable (3,397) 1,107 (3,977)
Change in income taxes 313 34 54
Dividends received 173 0 0
Change in other assets and other liabilities 1,143 (217) 2,780
Net cash provided by operating activities 16,558 4,153 16,190
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net sales of securities under resale and repurchase agreements (1,452) 420 1,671
Sales of and principal repayments on fixed maturities 44,933 43,800 37,191
Maturities and other repayments of fixed maturities 4,432 4,096 4,319
Purchases of fixed maturities (60,988) (50,983) (55,102)
Sales of equity securities 624 0 1,501
Purchases of equity securities (2,178) 0 0
Change in loan receivable 525 (83) (1,410)
Cash paid in acquisitions, net of cash acquired 511 0 (1,250)
Other investing activities (1,078) (518) (533)
Net cash provided by (used by) investing activities (14,671) (3,268) (13,613)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 52 33 0
Payment of contingent liability on acquisitions 0 (300) (642)
Repayment of debt (617) 0 0
IPA Acquisition of non-controlling interest (126) 0 0
Dividends paid to non-controlling interest 0 (473) (889)
Repurchase of common stock 0 0 (1,198)
Net cash provided (used) by financing activities (691) (740) (2,729)
Increase (decrease) in cash and cash equivalents 1,196 145 (152)
Cash and cash equivalents, beginning of period 4,569 4,424 4,576
Cash and cash equivalents, end of period 5,765 4,569 4,424
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid for income taxes 28 8 32
Cash paid for interest $ 23 $ 0 $ 0