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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 114,381 $ 771
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment gains (214) (141)
(Gain) loss on disposal of discontinued operations (net of tax) (113,499) 0
Amortization and depreciation 280 115
Deferred tax expense (75) 463
Non-cash stock compensation expense 11 11
Amortization of bond premiums and discounts 145 149
Change in operating assets and liabilities:    
Change in trading securities 0 (47)
Change in policy benefits and claims 3,622 2,057
Change in net amounts due from and to reinsurers (6,241) (1,545)
Change in accrued fee income 0 (1)
Change in claims fund (7,681) (292)
Change in commissions payable 2,627 1,137
Change in premiums receivable 649 (3,849)
Change in income taxes (312) (271)
Dividends received 120 0
Change in other assets and other liabilities 7 2,213
Net cash provided by operating activities (6,180) 770
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net sales of securities under resale and repurchase agreements 2,966 (3,676)
Sales of and principal repayments on fixed maturities 4,554 10,041
Maturities and other repayments of fixed maturities 3,952 1,310
Purchases of fixed maturities (2,906) (9,320)
Change in loan receivable 17 (61)
Proceeds from sales of subsidiaries, net of cash divested 127,961 0
Other investing activities (16) (6)
Net cash provided by (used by) investing activities 136,528 (1,712)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 145 0
Repayment of debt (939) 0
Net cash provided (used) by financing activities (794) 0
Increase (decrease) in cash and cash equivalents 129,554 (942)
Cash and cash equivalents, beginning of period 4,861 3,706
Cash and cash equivalents, end of period 134,415 2,764
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes 266 8
Cash paid for interest $ 76 $ 0