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Schedule II - Condensed Financial Information of Parent Company: Schedule of Condensed Income Statement - Parent Only (Tables)
 12 Months Ended
Dec. 31, 2015
Parent Company  
Schedule of Condensed Income Statement - Parent Only

 

SCHEDULE II

(Continued)

 

AMERICAN INDEPENDENCE CORP.

CONDENSED STATEMENTS OF INCOME (In thousands)

(PARENT COMPANY ONLY)

 

 

 

YEAR ENDED

 

 

DECEMBER 31,

 

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

REVENUES:

 

 

 

 

 

 

Net investment income

$

93 

$

65 

$

47 

Net realized investment gains (losses)

 

- 

 

- 

 

(31)

Other Income

 

96 

 

- 

 

- 

 

 

189 

 

65 

 

16 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EXPENSES:

 

 

 

 

 

 

General and administrative expenses and other

 

2,034 

 

1,656 

 

1,903 

 

 

2,034 

 

1,656 

 

1,903 

 

 

 

 

 

 

 

Loss before income tax expense

 

(1,845)

 

(1,591)

 

(1,887)

Income tax benefit

 

(644)

 

(3,055)

 

(659)

 

 

 

 

 

 

 

Income (loss) before equity in net income of subsidiaries

 

(1,201)

 

1,464 

 

(1,228)

Equity in net income of subsidiaries, net of tax

 

5,016 

 

3,883 

 

5,093 

 

 

 

 

 

 

 

Net income

 

3,815 

 

5,347 

 

3,865 

Income from non-controlling interests in subsidiaries

 

(286)

 

(97)

 

(983)

 

 

 

 

 

 

 

Net income attributable to American Independence Corp.

$

3,529 

$

5,250 

$

2,882