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American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 115,796 $ 1,709
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment gains (603) (352)
(Gain) loss on disposal of discontinued operations (net of tax) (113,521) 0
Amortization and depreciation 583 332
Equity (income) loss 0 (93)
Net gain on step acquisition of GAF and settlement of pre-existing relationships 0 (503)
Deferred tax expense 366 962
Non-cash stock compensation expense 21 22
Amortization of bond premiums and discounts 447 301
Change in operating assets and liabilities:    
Change in trading securities 0 23
Change in policy benefits and claims 3,748 7,481
Change in net amounts due from and to reinsurers (12,875) (1,909)
Change in accrued fee income 0 7
Change in claims fund (1,128) 8
Change in commissions payable 1,477 874
Change in premiums receivable 666 (3,650)
Change in income taxes (3,085) (216)
Dividends received 120 0
Change in other assets and other liabilities (1,584) 1,728
Net cash provided by operating activities (9,572) 6,724
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net sales of securities under resale and repurchase agreements (2,932) (5,084)
Sales of and principal repayments on fixed maturities 100,070 39,226
Maturities and other repayments of fixed maturities 11,413 2,207
Purchases of fixed maturities (222,514) (43,227)
Change in loan receivable (255) 33
Cash paid in acquisitions, net of cash acquired (275) 0
Proceeds from sales of subsidiaries, net of cash divested 127,961 511
Other investing activities (31) (28)
Net cash provided by (used by) investing activities 13,437 (6,362)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 262 0
Repayment of debt (1,164) 0
IPA Acquisition of non-controlling interest 0 (126)
Net cash provided (used) by financing activities (902) (126)
Increase (decrease) in cash and cash equivalents 2,963 236
Cash and cash equivalents, beginning of period 4,861 3,706
Cash and cash equivalents, end of period 7,824 3,942
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes 3,310 10
Cash paid for interest $ 77 $ 11