Schedule II - Condensed Financial Information of Parent Company: Schedule of Condensed Cash Flow Statement - Parent Only (Tables)

12 Months Ended

Dec. 31, 2015

Parent Company

Schedule of Condensed Cash Flow Statement - Parent Only

SCHEDULE II
(Continued)
AMERICAN INDEPENDENCE CORP.
CONDENSED STATEMENTS OF CASH FLOWS (In thousands)
(PARENT COMPANY ONLY)
		YEAR ENDED
		DECEMBER 31,
		2015		2014		2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	3,815	$	5,347	$	3,865
Adjustments to reconcile net income to net cash
provided from operating activities:
Deferred tax expense (benefit)		(646)		(3,057)		(661)
Equity in net income of subsidiaries		(5,016)		(3,883)		(5,093)
Net gain on step acquisition of GAF and settlement of
pre-existing relationships (see Note 2)		(503)		-		-
Net realized investment (gains) losses		-		-		31
Non-cash compensation expense		43		52		42
Change in operating assets and liabilities:
Change in other assets and liabilities		200		(123)		(6)
Net cash used by operating activities		(2,107)		(1,664)		(1,822)
CASH FLOWS FROM INVESTING ACTIVITIES:
Decrease (increase) in investments in and advances to
consolidated subsidiaries		3,266		1,421		2,627
Change in loan receivable		33		(528)		(1,300)
Cash paid in step acquisition of GAF		(325)		-		-
Purchases of fixed maturities		-		-		(1,746)
Sales of fixed maturities		-		-		1,715
Net cash provided by investing activities		2,974		893		1,296
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from exercise of stock options		52		33		-
IPA acquisition of non-controlling interest		(126)		-		-
Repurchase of common stock		-		-		(1,198)
Net cash provided by (used by) financing activities		(74)		33		(1,198)
Increase (decrease) in cash and cash equivalents		793		(738)		(1,724)
Cash and cash equivalents, beginning of period		708		1,446		3,170
Cash and cash equivalents, end of period	$	1,501	$	708	$	1,446
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for:
Income taxes	$	28	$	8	$	32