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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES:    
Premiums earned $ 21,096 [1] $ 36,217 [2]
Fee and agency income 5,500 [3] 2,477 [4]
Net investment income 1,470 599
Net realized investment gains (losses) 214 141
Other income 1,122 1
TOTAL REVENUES 29,402 39,435
EXPENSES    
Insurance benefits, claims and reserves 14,966 [5] 23,970 [6]
Selling, general and administrative expenses 13,506 [7] 14,952 [8]
Amortization and depreciation 280 115
TOTAL EXPENSES 28,752 39,037
Income from continuing operations before income taxes 650 398
Provision for income taxes 234 140
Income from continuing operations 416 258
Income from discontinued operations, before income taxes 122,034 837
Income taxes on discontinued operations 8,069 324
Income from discontinued operations 113,965 513
Net income 114,381 771
Less: Net income attributable to the non-controlling interest (178) (49)
Net income attributable to American Independence Corp. $ 114,203 $ 722
Basic income per common share:    
Basic income per share attributable to American Independence Corp. common stockholders from continuing operations $ 0.03 $ 0.03
Basic income per share attributable to American Independence Corp. common stockholders from discontinued operations $ 14.07 $ 0.06
Weighted-average basic shares outstanding 8,101 8,079
Diluted income per common share:    
Diluted income per share attributable to American Independence Corp. common stockholders from continuing operations $ 0.03 $ 0.03
Diluted income per share attributable to American Independence Corp. common stockholders from discontinued operations $ 14.04 $ 0.06
Weighted-average diluted shares outstanding 8,119 8,094
[1] $8,057 from related parties
[2] $19,783 from related parties
[3] $0 from related parties
[4] $10 from related parties
[5] $2,867 from related parties
[6] $12,677 from related parties
[7] $3,241 from related parties
[8] $5,805 from related parties