American Independence Corp (AMIC) Financial Statements (2023 and earlier)

Company Profile

Business Address 485 MADISON AVE.
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6321 - Accident and Health Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments5,7655,7074,4244,576
Cash and cash equivalents5,7654,5694,4244,576
Short-term investments 1,138  
Total current assets:5,7655,7074,4244,576
Noncurrent Assets
Property, plant and equipment940782571195
Long-term investments and receivables   500
Long-term investments   500
Intangible assets, net (including goodwill)19,8169,91525,89726,940
Goodwill5,703 23,56123,561
Intangible assets, net (excluding goodwill)14,1139,9152,3363,379
Total noncurrent assets:20,75610,69726,46827,635
Other undisclosed assets170,453149,377137,502126,772
TOTAL ASSETS:196,974165,781168,394158,983
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities89,77671,44165,79054,759
Total liabilities:89,77671,44165,79054,759
Stockholders' equity
Stockholders' equity attributable to parent103,92091,580102,386104,152
Common stock92929292
Treasury stock, value(10,161)(10,243)(10,305)(9,107)
Additional paid in capital88,63779,746479,481479,451
Accumulated other comprehensive income (loss)(197)(154)(2,152)1,829
Retained earnings (accumulated deficit)25,54922,139(364,730)(368,113)
Stockholders' equity attributable to noncontrolling interest3,2782,76021872
Total stockholders' equity:107,19894,340102,604104,224
TOTAL LIABILITIES AND EQUITY:196,974165,781168,394158,983

Income Statement (P&L) ($ in thousands)

Financial services revenue179,766162,491127,20383,778
Cost of revenue
(Financial Services Costs)
Gross profit:84,52575,98966,15145,036
Operating expenses(78,015)(71,444)(59,859)(38,384)
Operating income:6,5104,5456,2926,652
Nonoperating income
(Investment Income, Nonoperating)
Income from continuing operations before equity method investments, income taxes:6,5107,7149,4788,617
Income from equity method investments 17544657
Income from continuing operations before income taxes:6,5107,8899,9248,674
Income tax expense (benefit)(2,695)802(1,874)3,890
Income before gain (loss) on sale of properties:3,8158,6918,05012,564
Other undisclosed net loss (3,344)(3,632)(2,022)
Net income:3,8155,3474,41810,542
Net loss attributable to noncontrolling interest (97)(983)(950)
Other undisclosed net loss attributable to parent(286)   
Net income available to common stockholders, diluted:3,5295,2503,4359,592

Comprehensive Income ($ in thousands)

Net income:3,8155,3474,41810,542
Other comprehensive income (loss)(43)1,998  
Other undisclosed comprehensive income (loss)  (3,981)551
Comprehensive income:3,7727,34543711,093
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(286)(194)983950
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 97(1,966)(1,900)
Comprehensive income (loss), net of tax, attributable to parent:3,4867,248(546)10,143

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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