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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Premiums earned $ 21,735 [1] $ 37,232 [2] $ 42,831 [3] $ 73,449 [4]
Fee and agency income 5,094 3,639 10,594 6,116
Net investment income 1,155 485 2,625 1,084
Net realized investment gains (losses) 389 211 603 352
Other income 1,073 593 2,195 594
TOTAL REVENUES 29,446 42,160 58,848 81,595
EXPENSES        
Insurance benefits, claims and reserves 13,508 [5] 25,296 [6] 28,474 [7] 49,266 [8]
Selling, general and administrative expenses 13,573 [9] 15,168 [10] 27,079 [11] 30,120 [12]
Amortization and depreciation 303 217 583 332
TOTAL EXPENSES 27,384 40,681 56,136 79,718
Income from continuing operations before income taxes 2,062 1,479 2,712 1,877
Provision for income taxes 669 527 903 667
Income from continuing operations 1,393 952 1,809 1,210
Income from discontinued operations, before income taxes   (18) 122,034 819
Income taxes on discontinued operations (22) (4) 8,047 320
Income from discontinued operations 22 (14) 113,987 499
Net income 1,415 938 115,796 1,709
Less: Net income attributable to the non-controlling interest (88) (51) (266) (100)
Net income attributable to American Independence Corp. $ 1,327 $ 887 $ 115,530 $ 1,609
Basic income per common share:        
Basic income per share attributable to American Independence Corp. common stockholders from continuing operations $ 0.16 $ 0.11 $ 0.19 $ 0.14
Basic income per share attributable to American Independence Corp. common stockholders from discontinued operations $ 0.00 $ 0.00 $ 14.06 $ 0.06
Weighted-average basic shares outstanding 8,119 8,079 8,110 8,079
Diluted income per common share:        
Diluted income per share attributable to American Independence Corp. common stockholders from continuing operations $ 0.16 $ 0.11 $ 0.19 $ 0.14
Diluted income per share attributable to American Independence Corp. common stockholders from discontinued operations $ 0.00 $ 0.00 $ 14.03 $ 0.06
Weighted-average diluted shares outstanding 8,148 8,094 8,125 8,093
[1] $6,392 from related parties
[2] $20,726 from related parties
[3] $14,449 from related parties
[4] $40,509 from related parties
[5] $4,076 from related parties
[6] $12,817 from related parties
[7] $6,943 from related parties
[8] $25,494 from related parties
[9] $3,579 from related parties
[10] $5,888 from related parties
[11] $6,820 from related parties
[12] $11,693 from related parties