Last $10.81 USD
Change Today -0.15 / -1.37%
Volume 7.5K
AMIC On Other Exchanges
Symbol
Exchange
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As of 8:10 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

american independence corp (AMIC) Snapshot

Open
$10.82
Previous Close
$10.96
Day High
$11.02
Day Low
$10.79
52 Week High
12/12/13 - $13.45
52 Week Low
08/30/13 - $7.50
Market Cap
87.3M
Average Volume 10 Days
3.8K
EPS TTM
$0.30
Shares Outstanding
8.1M
EX-Date
--
P/E TM
36.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN INDEPENDENCE CORP (AMIC)

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american independence corp (AMIC) Details

American Independence Corp., through its subsidiaries, is engaged in the health insurance and reinsurance businesses in the United States. It provides specialized health coverage and related services to commercial customers and individuals. The company underwrites various insurance products, such as medical stop-loss insurance for self-insured employer groups; major medical plans for individuals and families; group major medical, dental, vision, short-term medical, supplemental, and small group stop-loss insurance; pet insurance; and non-subscriber occupational accidental insurance. The company also writes fully insured health and short-term statutory disability, and long-term disability insurance. American Independence Corp. offers its products and services through independent managing general underwriters, independent brokers, producers, and agents, as well as directly to customers. The company was founded in 1956 and is based in New York, New York.

123 Employees
Last Reported Date: 03/14/14
Founded in 1956

american independence corp (AMIC) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $101.7K
President and Director
Total Annual Compensation: $34.7K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $60.5K
Corporate Vice President, General Counsel and...
Total Annual Compensation: $46.7K
Compensation as of Fiscal Year 2013.

american independence corp (AMIC) Key Developments

American Independence Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

American Independence Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported net income attributable to company of $0.5 million $0.06 per diluted share for the three months ended June 30, 2014 compared to $1.4 million or $0.17 per diluted share for the three months ended June 30, 2013. Revenues increased to $40.0 million for the three months ended June 30, 2014 compared to revenues of $37.4 million for the three months ended June 30, 2013, primarily due to an increase in premiums and fee income. Income before income tax was $750,000 against $2,312,000 a year ago. The company reported net income attributable to company of $1.1 million or $0.14 per diluted share for the six months ended June 30, 2014 compared to $1.9 million or $0.24 per diluted share for the six months ended June 30, 2013. Revenues increased to $83.1 million for the six months ended June 30, 2014 compared to revenues of $72.7 million for the six months ended June 30, 2013, primarily due to an increase in premiums, fee income and agency income. The company grew its book value to $10.84 per share at June 30, 2014 from $10.44 per share at December 31, 2013. Income before income tax was $1,974,000 against $3,395,000 a year ago.

American Independence Corp. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014

American Independence Corp. reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $43.087 million compared to $35.360 million a year ago. Income before income tax was $1.415 million against $1.295 million a year ago. Net income attributable to the company was $0.766 million or $0.09 per basic and diluted share compared to $0.691 million or $0.09 per basic and diluted share a year ago. Net investment income was $0.536 million against $0.504 million a year ago. Book value to $12.94 per share at March 31, 2014 from $12.68 per share at December 31, 2013.

American Independence Corp. - Shareholder/Analyst Call

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AMIC

Industry Average

Valuation AMIC Industry Range
Price/Earnings 33.9x
Price/Sales 0.5x
Price/Book 1.0x
Price/Cash Flow 25.0x
TEV/Sales 0.5x
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