American Independence Corp. (AMIC, Financial) filed Quarterly Report for the period ended 2012-06-30.
American Independence Corp. has a market cap of $43.4 million; its shares were traded at around $5.05 with a P/E ratio of 12.2 and P/S ratio of 0.5. American Independence Corp. had an annual average earning growth of 13.5% over the past 5 years.
The Company recorded an increase in the loss ratio in the medical stop-loss line of business for the three months and six months ended June 30, 2012 due to the poor performance on business written through one program. This increase was partially offset by the reversal of profit commissions as evidenced by the profit commission ratio.
Fee and Agency Income. Fee and agency income increased $156,000 from 2011 to 2012. Risk Solutions fee income-administration decreased $70,000 to $1,190,000 for 2012, compared to $1,260,000 for 2011. Risk Solutions fee income-profit commission increased $32,000 to $401,000 for 2012, compared to $369,000 for 2011. Profit commissions for a given year are based primarily on the performance of business written during portions of the three preceding years. Therefore, profit commissions for 2012 are based on business written during portions of 2009, 2010 and 2011. In 2012, income from our Agencies consisted of commission income and other fees of $1,113,000 from IPA and revenue of $809,000 and $226,000 from HIO and Specialty Benefits, respectively. In 2011, income from our Agencies consisted of commission income and other fees of $1,420,000 from IPA and revenue of $534,000 from HIO.
Fee and Agency Income. Fee and agency income decreased $32,000 from 2011 to 2012. Risk Solutions fee income-administration decreased $46,000 to $2,461,000 for 2012, compared to $2,507,000 for 2011. Risk Solutions fee income-profit commission decreased $179,000 to $459,000 for 2012, compared to $638,000 for 2011. Profit commissions for a given year are based primarily on the performance of business written during portions of the three preceding years. Therefore, profit commissions for 2012 are based on business written during portions of 2009, 2010 and 2011. In 2012, income from our Agencies consisted of
commission income and other fees of $2,259,000 from IPA and revenue of $1,462,000 and $226,000 from HIO and Specialty Benefits, respectively. In 2011, income from our Agencies consisted of commission income and other fees of $2,690,000 from IPA and revenue of $1,064,000 from HIO.
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American Independence Corp. has a market cap of $43.4 million; its shares were traded at around $5.05 with a P/E ratio of 12.2 and P/S ratio of 0.5. American Independence Corp. had an annual average earning growth of 13.5% over the past 5 years.
Highlight of Business Operations:
For the six months ended June 30, 2012, Risk Solutions and our Agencies generated revenues of $7.0 million compared to $7.2 million for the six months ended June 30, 2011 primarily due to a decrease in profit commissions earned.The Company recorded an increase in the loss ratio in the medical stop-loss line of business for the three months and six months ended June 30, 2012 due to the poor performance on business written through one program. This increase was partially offset by the reversal of profit commissions as evidenced by the profit commission ratio.
Fee and Agency Income. Fee and agency income increased $156,000 from 2011 to 2012. Risk Solutions fee income-administration decreased $70,000 to $1,190,000 for 2012, compared to $1,260,000 for 2011. Risk Solutions fee income-profit commission increased $32,000 to $401,000 for 2012, compared to $369,000 for 2011. Profit commissions for a given year are based primarily on the performance of business written during portions of the three preceding years. Therefore, profit commissions for 2012 are based on business written during portions of 2009, 2010 and 2011. In 2012, income from our Agencies consisted of commission income and other fees of $1,113,000 from IPA and revenue of $809,000 and $226,000 from HIO and Specialty Benefits, respectively. In 2011, income from our Agencies consisted of commission income and other fees of $1,420,000 from IPA and revenue of $534,000 from HIO.
Fee and Agency Income. Fee and agency income decreased $32,000 from 2011 to 2012. Risk Solutions fee income-administration decreased $46,000 to $2,461,000 for 2012, compared to $2,507,000 for 2011. Risk Solutions fee income-profit commission decreased $179,000 to $459,000 for 2012, compared to $638,000 for 2011. Profit commissions for a given year are based primarily on the performance of business written during portions of the three preceding years. Therefore, profit commissions for 2012 are based on business written during portions of 2009, 2010 and 2011. In 2012, income from our Agencies consisted of
commission income and other fees of $2,259,000 from IPA and revenue of $1,462,000 and $226,000 from HIO and Specialty Benefits, respectively. In 2011, income from our Agencies consisted of commission income and other fees of $2,690,000 from IPA and revenue of $1,064,000 from HIO.
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