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Last $10.00 USD
Change Today 0.00 / 0.00%
Volume 0.0
AMIC On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 04/22/15 All times are local (Market data is delayed by at least 15 minutes).

american independence corp (AMIC) Snapshot

Open
$10.00
Previous Close
$10.00
Day High
$10.00
Day Low
$10.00
52 Week High
06/5/14 - $12.89
52 Week Low
02/13/15 - $9.76
Market Cap
80.8M
Average Volume 10 Days
734.7
EPS TTM
$0.60
Shares Outstanding
8.1M
EX-Date
--
P/E TM
16.7x
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, engages 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.

189 Employees
Last Reported Date: 03/16/15
Founded in 1956

american independence corp (AMIC) Top Compensated Officers

Chief Executive Officer, Executive Director, ...
Total Annual Compensation: $97.5K
President, Acting General Counsel and Directo...
Total Annual Compensation: $47.7K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $58.1K
Compensation as of Fiscal Year 2014.

american independence corp (AMIC) Key Developments

American Independence Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

American Independence Corp. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenues of $40,612,000 compared to $42,947,000 a year ago. Loss before income tax was $724,000 compared to income before income tax of $958,000 a year ago. Net income attributable to the company was $2,094,000 or $0.26 per basic and diluted share compared to $400,000 or $0.05 per basic and diluted share a year ago. Revenues decreased primarily due to a decrease in fee income from certain fully insured health subsidiaries. For the year, the company reported revenues of $164,876,000 compared to $153,273,000 a year ago. Income before income tax was $4,545,000 compared to $5,441,000 a year ago. Net income attributable to the company was $5,250,000 or $0.65 per basic and diluted share compared to $2,882,000 or $0.36 per basic and diluted share a year ago. Revenues increased primarily due to an increase in premiums, fee income and agency income.

American Independence Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

American Independence Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported premiums earned was $33.93 million against $31.84 million a year ago. Net investment income was $544,000 compared to $537,000 for the same period of last year. Revenues were $41,157,000 compared to $37,591,000 for the same period of last year. Income before income tax was $3,295,000 compared to $1,089,000 for the same period of last year. Net income attributable to the company was $2,057,000 compared to $565,000 for the same period of last year. Diluted income per common share was $0.25 compared to $0.07 for the same period of last year. Revenues increased for the 2014 third quarter was primarily due to an increase in premiums and fee income. For the nine months, the company reported premiums earned was $100.06 million against $93.46 million a year ago. Net investment income was $1,645,000 compared to $1,542,000 for the same period of last year. Revenues were $124,264,000 compared to $110,326,000 for the same period of last year. Income before income tax was $5,269,000 compared to $4,484,000 for the same period of last year. Net income attributable to the company was $3,156,000 compared to $2,483,000 for the same period of last year. Diluted income per common share was $0.39 compared to $0.31 for the same period of last year. Revenues increased for the nine months of 2014 primarily due to an increase in premiums, fee income and agency income. The company reported the book value to $10.99 per share at September 30, 2014 from $10.44 per share at December 31, 2013.

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.

 

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AMIC

Industry Average

Valuation AMIC Industry Range
Price/Earnings 15.4x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 11.6x
TEV/Sales 0.4x
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