AMIC American Independence Corp. featured news, full reports, and detailed charts
American Independence Corp. (AMIC) Wrap Up:
American Independence Corp. is a Delaware corporation (NASDAQ: AMIC). We are a holding company principally engaged in health insurance and reinsurance with principal executive offices located at 485 Madison Avenue, New York, New York 10022. Our website is located at www.americanindependencecorp.com. Detailed information about AMIC, its corporate affiliates and insurance products and services can be found on our website. In addition, we make our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and all amendments to such reports available, free of charge, through our website, as soon as reasonably practicable after they are filed with or furnished to the SEC. The information on our website, however, is not incorporated by reference in, and does not form part of, this Annual Report on Form 10-K. We provide specialized health coverage and related services to commercial customers and individuals. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0000097196-08-000001.html#FIS_BUSINESS"American Independence Corp. (AMIC:NASDAQ)
Snapshot of American Independence Corp. (AMIC)
|
OPEN
$4.75
|
PREVIOUS CLOSE
$4.92
|
|
|
DAY HIGH
$5.20
|
DAY LOW
$4.75
|
|
|
52 WEEK HIGH
09/1/09 - $5.25
|
52 WEEK LOW
12/18/08 - $2.01
|
|
|
MARKET CAP
40.5M
|
AVERAGE VOLUME 3 mo
5.9K
|
|
|
DILUTED EPS TTM
$0.11
|
SHARES OUTSTANDING
8.5M
|
|
|
AMIC Does Not Pay Dividends
|
P/E TTM
42.4x
|
|
| K = Thousands M = Millions B = Billions | ||
AMIC Top Compensated Officers
Executives, Board Directors
Key developments for American Independence Corp. (AMIC)
American Independence Corp. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating income of $0.4 million or $0.05 per share, diluted, as compared to $1.2 million $0.15 per share, diluted for the same quarter of 2008. Revenues decreased to $25.7 million, compared to revenues of $29.8 million for the three months ended September 30, 2008. Net income attributable to the company decreased to $0.2 million or $0.03 per share, diluted, compared to $0.6 million or $0.07 per share, diluted, for the three months ended September 30, 2008. Income before income tax was $0.5 million compared to $1.1 million reported for the same quarter last year. Book value grown to $10.40 per share at September 30, 2009 from $9.75 per share at December 31, 2008. The third quarter of 2009 was adversely impacted by the continuing decrease in premiums of 12% for the nine months ended September 30, 2009 compared to the first nine months of 2008 due to recessionary pressures and tighter underwriting guidelines. For the nine months, the company reported operating income of $3.0 million $0.35 per share, diluted, as compared to $3.9 million $0.46 per share, diluted for the nine months ended September 30, 2008. Revenues decreased to $79.2 million compared to revenues of $87.4 million for the nine months ended September 30, 2008. Net income attributable to the company was $2.1 million or $0.25 per share, diluted, compared to $2.2 million to $0.26 per share, diluted, for the nine months ended September 30, 2008. Income before income tax was $3.7 million compared to $3.7 million reported for the same quarter last year.
American Independence Corp. reported consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company has posted operating income from continuing operations of $0.7 million or $0.08 diluted per share as compared to $1.4 million or $0.17 diluted per share for the three months ended June 30, 2008. Revenues decreased to $26.8 million, compared to revenues of $29.2 million for the three months ended June 30, 2008. Net income attributable to company was $0.47 million or $0.06 diluted per share, compared to $0.78 million or $0.09 diluted per share for the three months ended June 30, 2008. Income from continuing operations was $0.47 million compared to $0.78 million for the same period a year ago. The second quarter was adversely impacted by significantly higher loss ratios in its fully insured health line on business generated by one producer. For the six months, the company has posted operating income from continuing operations of $2.6 million or $0.31 diluted per share as compared to $2.7 million $0.31 diluted per share for the six months ended June 30, 2008. Revenues decreased to $53.4 million, compared to revenues of $57.6 million for the six months ended June 30, 2008. Net income attributable to company was $1.86 million or $0.22 diluted per share, compared to $1.59 million or $0.19 diluted per share for the six months ended June 30, 2008. Income from continuing operations was $1.8 million compared to $1.5 million for the same period a year ago. The company had grown its book value to $10.15 per share, from $9.75 per share at December 31, 2008.
American Independence Corp. reported earnings results for the first quarter ended March 31, 2009. For the quarter, the company operating income of $1.9 million or $0.22 per diluted share, as compared to $1.2 million or $0.14 per diluted share, for the three months ended March 31, 2008. Revenues decreased to $26.7 million compared to revenues of $28.4 million for the three months ended March 31, 2008. Net income attributable to the company increased to $1.4 million or $0.16 per basic and diluted share net of a provision for income taxes of $0.7 million, compared to $0.8 million or $0.10 per basic and diluted share, net of a provision for income taxes of $0.5 million, for the three months ended March 31, 2008. Income before income tax was $2.20 million compared to $1.33 million for the same period last year. Operating Income from continuing operations was $1.90 million or $0.22 per basic and diluted share compared to $1.23 million or $0.14 per basic and diluted share for the same period last year. Book value per share was $9.88 per share and adjusted book value per share was $10.39 per share. Net income was $1.5 million compared to $0.9 million a year ago.
AMIC Competitors
| Company | Last | Change | |
| No competitor information is available for AMIC. | |||
| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | AMIC | Industry Range |
| Price/Earnings | 42.8x |
|
| Price/Sales | 0.4x |
|
| Price/Book | 0.5x |
|
| Price/Cash Flow | 23.7x |
|
| TEV/Sales | 0.3x |
|
|
AMIC |
||
AMIC transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent News About American Independence Corp.
More news for AMIC
American Independence Corp. Announces 2009 Second-Quarter and Six-Months Results
NEW YORK, Aug. 10, 2009 (GLOBE NEWSWIRE) -- American Independence Corp. (Nasdaq:AMIC - News) today reported 2009 second-quarter and six-months results. This press release contains both GAAP and non-GAAP financial information for which reconciliations can be found at the end of this release. Financial Results The Company's operating income(1) for the three months ended June 30, 2009 was $0.7 million ($.08 per share, diluted), as compared to $1.4 million ($.17 per share, diluted) for the three months ended June 30, 2008. Operating income for the six months ended June 30, 2009 was $2.6 million ($.31 per share, diluted), as compared to $2.7 million ($.31 per share, diluted) for the six months ended June 30, 2008. Revenues decreased to $26.8 million for the three months ended June 30, 2009, compared to revenues of $29.2 million for the three months ended June 30, 2008. Net income decreased to $0.5 million ($.06 per share, diluted), net of a provision for income taxes of $0.3 million, for the three months ended June 30, 2009, compared to $0.8 million ($.09 per share, diluted), net of a provision for income taxes of $0.4 million, for the three months ended June 30, 2008. Revenues decreased to $53.4 million for the six months ended June 30, 2009, compared to revenues of $57.6 million for the six months ended June 30, 2008. Net income was $1.9 million ($.22 per share, diluted), net of provision for income taxes of $1.0 million, for the six months ended June 30, 2009, compared to $1.6 million ($.19 per share, diluted), net o...Click here to read the whole Article (external link)
Independence Holding Company Reports Second-Quarter and Six Months Results
STAMFORD, Conn., Aug. 10, 2009 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC - News) today reported 2009 second-quarter and six months results. This press release contains both GAAP and non-GAAP financial information for which reconciliations can be found at the end of this release. Financial Results Net income (loss) per share from continuing operations attributable to IHC increased to $.13 per share, diluted, or $1,976,000, for the three months ended June 30, 2009 compared to $(.43) per share, diluted, or $(6,693,000), for the three months ended June 30, 2008. Included in the prior year's net loss is a realized loss for other than temporary impairments in preferred stocks of $(11,145,000) or $(.72) per share, diluted, net of tax, which (net of gains) yielded a net realized loss of $(9,764,000) or $(.63) per share, diluted, net of tax. Net income (loss) per share from continuing operations attributable to IHC increased to $.35 per share, diluted, or $5,332,000, for the six months ended June 30, 2009 compared to $(.24) per share, diluted, or $(3,621,000), for the six months ended June 30, 2008. Included in the prior year's net loss for the six months is a realized loss for other than temporary impairments in preferred stocks of $(11,197,000) or $(.73) per share, diluted, net of tax, which (net of gains) yielded a net realized loss of $(9,785,000) or $(.64) per share, diluted, net of tax. IHC reported operating income(1) per share of $.08 per share, diluted, or $1,162,000, for the three months end...Click here to read the whole Article (external link)
Independence Holding Company Appoints Managing General Underwriter
STAMFORD, Conn., Aug. 17, 2009 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC - News) today announced the appointment of an employer medical stop-loss managing general underwriter (MGU) by Madison National Life Insurance Company, Inc. Roy Thung, Chief Executive Officer, commented, "We are pleased to announce the appointment of a managing general underwriter (MGU) producing employer medical stop-loss for Madison National Life. This is a highly regarded MGU with an established block of approximately $42 million of business. As cases renew and new policies are sold, Madison National Life will serve as one of this MGU's two carriers and as the reinsurer on the entire block." About Independence Holding Company IHC is a holding company principally engaged in the life and health insurance business and the acquisition of blocks of policies through its insurance company subsidiaries (Standard Security Life Insurance Company of New York and Madison National Life Insurance Company, Inc.), its affiliate (American Independence Corp. (Nasdaq:AMIC - News)), and its managing general underwriters, third-party administrators, and marketing affiliates. Standard Security Life markets medical stop-loss, sm...Click here to read the whole Article (external link)
AMERICAN INDEPENDENCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
Show all filings for AMERICAN INDEPENDENCE CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERICAN INDEPENDENCE CORP 10-Aug-2009Results of Operations and Financial Condition, Financial Statements an Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...Click here to read the whole Article (external link)
Just Another Manic Monday In Biopharma
If you were ever needed examples of the phenomenal risk and reward of investing in baby biopharma look no further than what’s going on in the sector today. Shares of Seattle Genetics are taking it on the chin on the news that the company is stopping a mid-stage study of a lymphoma drug because it didn’t work well enough. Roche/Genentech were partnered with SGEN on it. Shares of Amicus Therapeutics are also getting hammered on disappointing data for its developmental drug for Gaucher disease. Amicus has a ticker symbol that is a play on a major piece of its drug technology, FOLD, but most people who aren’t familiar with the science probably don’t get it. I think the company would be better off going with something more straightforward. The problem is AMCS, ACUS and AMIC, just to name a few possibilities, are all taken. But FOLD is such an easy target especially when they’ve got bad news and investors fold. Meantime, Xenoport and GlaxoSmithKline announced positive mid-stage test results for their post-shingles pain drug. XNPT shares are higher. And microcap AVI BioPharma is rallying on a full-page bullish piece in Barron’s (sub-headline, “This little biotech could...Click here to read the whole Article (external link)
American Independence Corp. Announces 2009 Third-Quarter and Nine-Months Results
NEW YORK, Nov. 9, 2009 (GLOBE NEWSWIRE) -- American Independence Corp. (Nasdaq:AMIC - News) today reported 2009 third-quarter and nine-months results. This press release contains both GAAP and non-GAAP financial information for which reconciliations can be found at the end of this release. Financial Results The Company's operating income(1) for the three months ended September 30, 2009 was $0.4 million ($.05 per share, diluted), as compared to $1.2 million ($.15 per share, diluted) for the three months ended September 30, 2008. Operating income for the nine months ended September 30, 2009 was $3.0 million ($.35 per share, diluted), as compared to $3.9 million ($.46 per share, diluted) for the nine months ended September 30, 2008. Revenues decreased to $25.7 million for the three months ended September 30, 2009, compared to revenues of $29.8 million for the three months ended September 30, 2008. Net income decreased to $0.2 million ($.03 per share, diluted), for the three months ended September 30, 2009, compared to $0.6 million ($.07 per share, diluted), for the three months ended September 30, 2008. Revenues decreased to $79.2 million for the nine months ended September 30, 2009, compared to revenues of $87.4 million for the nine months ended September 30, 2008. Net income was $2.1 million ($.25 per share, diluted), for the nine months ended September 30, 2009, compared to $2.2 million ($.26 per share, diluted), for the nine months ended September 30, 2008. Chief Executive Office...Click here to read the whole Article (external link)
AMERICAN INDEPENDENCE CORP Files SEC form 10-Q, Quarterly Report
Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion of the financial condition and results of operations of American Independence Corp. ("AMIC") and its subsidiaries (collectively, the "Company") should be read in conjunction with, and is qualified in its entirety by reference to, the consolidated financial statements of the Company and the related Notes thereto appearing in our annual report on Form 10-K for the year ended December 31, 2008, as filed with the Securities and Exchange Commission, and our condensed consolidated financial statements and related Notes thereto appearing elsewhere in this quarterly report. Overview We are an insurance holding company engaged in the insurance and reinsurance business through our wholly owned insurance company, Independence American Insurance Company ("Independence American"), our marketing organizations, including our three medical stop-loss managing general underwriter subsidiaries ("our MGUs"), our two insurance and marketing agencies Independent Producers of America, LLC ("IPA") and HealthInsurance.org, LLC ("HIO"), and our claims administration company, Excess Claims Administrators, Inc. ("ECA"). Since November 2002, AMIC has been affiliated with Independence Holding Company ("IHC"), which currently owns 49.7% of AMIC's stock, and IHC's senior management has provided direction to us through service agreements between us and IHC. As of September 30, 2009, the majority of Independence American's revenue was reinsurance premiums. The majority of these premiums are ceded to Independence American from IHC under long-term reinsurance treaties to cede its gross medical stop-loss premiums written to Independence American. In addition, Independence American assumes fully insured health premiums and New York State short-term statutory disability benefit law ("DBL") premiums from IHC, and assumes medic...Click here to read the whole Article (external link)
AMERICAN INDEPENDENCE CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements an
Show all filings for AMERICAN INDEPENDENCE CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for AMERICAN INDEPENDENCE CORP 9-Nov-2009Results of Operations and Financial Condition, Financial Statements an Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...Click here to read the whole Article (external link)
AMERICAN INDEPENDENCE CORP Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue25,735 26,754 26,682 25,898 Cost of Revenue - - - - Gross Profit - 26,754 26,682 25,898 Operating ExpensesResearch Development - - - - Selling General and Administrative24,983 25,585 24,272 27,286 Non Recurring - - - - Others210 210 209 208 Total Operating Expenses - - - - Operating Income or Loss542 959 2,201 (1,596)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes542 959 2,201 (1,746)Interest Expense - - - - Income Before Tax542 959 2,201 (1,746)Income Tax Expense141 281 746 (600)Minority Interest(443) - - (150)Net Income From Continuing Ops401 678 1,455 (1,146)Non-recurring EventsDiscontinued Operations - - - (75)Extraordinary Items - - - - Effect Of Accounting Chang...Click here to read the whole Article (external link)
Independence Holding Company Reports Third-Quarter And Nine Months Results
STAMFORD, Conn., Nov. 9, 2009 (GLOBE NEWSWIRE) -- Independence Holding Company (NYSE:IHC - News) today reported 2009 third-quarter and nine months results. This press release contains both GAAP and non-GAAP financial information for which reconciliations can be found at the end of this release. Financial Results Net income (loss) per share from continuing operations attributable to IHC increased to $.12 per share, diluted, or $1,876,000, for the three months ended September 30, 2009 compared to $(.61) per share, diluted, or $(9,456,000), for the three months ended September 30, 2008. Included in the prior year's net loss is a realized loss for other than temporary impairments of investments of $(10,136,000) or $(.66) per share, diluted, net of tax which (net of gains) yielded a net realized loss of $(10,945,000) or $(.71) per share, diluted, net of tax. Net income (loss) per share from continuing operations attributable to IHC increased to $.47 per share, diluted, or $7,208,000, for the nine months ended September 30, 2009 compared to $(.85) per share, diluted, or $(13,077,000), for the nine months ended September 30, 2008. Included in the prior year's net loss for the nine months is a realized loss for other than temporary impairments of investments of $(21,334,000) or $(1.39) per share, diluted, net of tax which (net of gains) yielded a net realized loss of $(20,729,000) or $(1.35) per share, diluted, net of tax. IHC reported operating income(1) per share of $.10 per share, dilu...Click here to read the whole Article (external link)