American Independence (American Independence) Financial Strength : 0 (As of Jun. 2016)

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What is American Independence Financial Strength?

American Independence has the Financial Strength Rank of 0.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate American Independence's interest coverage with the available data. American Independence's debt to revenue ratio for the quarter that ended in Jun. 2016 was 0.02. Altman Z-Score does not apply to banks and insurance companies.

American Independence Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

American Independence's Interest Expense for the months ended in Jun. 2016 was $0.0 Mil. Its Operating Income for the months ended in Jun. 2016 was $2.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2016 was $2.0 Mil.

American Independence's Interest Coverage for the quarter that ended in Jun. 2016 is

GuruFocus does not calculate American Independence's interest coverage with the available data.

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

American Independence's Debt to Revenue Ratio for the quarter that ended in Jun. 2016 is

Debt to Revenue Ratio	=	Total Debt (Q: Jun. 2016 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	2.025)	/	117.784
	=	0.02

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Independence (NAS:AMIC) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

American Independence has the Financial Strength Rank of 0.

American Independence Financial Strength Related Terms

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American Independence (American Independence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » American Independence Corp (NAS:AMIC) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.americanindependencecorp.com

American Independence Corp is a Delaware corporation. The Company is an insurance holding Company, which provides specialized health coverage and related services to commercial customers and individuals. The Company focuses on niche health products and/or narrowly defined distribution channels in the United States. It's wholly owned subsidiary, Independence American Insurance Company, markets its products through IHC Risk Solutions, LLC, IHC Specialty Benefits, Inc., and IPA Family, LLC, which are subsidiaries of AMIC, and through independent brokers, producers and agents. Independence American is licensed to write property and/or casualty insurance in all 50 states and the District of Columbia, and has an A- (Excellent) rating from A.M. Best Company, Inc. Risk Solutions is a full-service direct writer of medical stop-loss insurance for self-insured employer groups. Risk Solutions has offices near Hartford, Connecticut and Philadelphia, Pennsylvania, and markets and underwrites employer medical stop-loss and group life mainly for Standard Security Life Insurance Company of New York. It also writes, to a much lesser extent, for three other carriers, including Madison National Life Insurance Company, Inc. and Independence American. Independence Holding Company and its subsidiaries including, among others, Standard Security Life and Madison National Life are collectively referred to as "IHC". Independence American writes group important medical, medical stop-loss, crucial medical plans for individuals and families, short-term medical, and dental, and began writing pet insurance in 2012.Independence American competes with many larger insurance and reinsurance companies and managed care organizations. Risk Solutions competes with many other managing general underwriters, insurance companies, and MCOs. AMIC is an insurance holding company; as such, AMIC and its subsidiaries are subject to regulation and supervision by multiple state insurance regulators, including the Office of the Insurance Commissioner of the State of Delaware.

Executives

Teresa A Herbert	director, officer: CFO & SVP	96 CUMMINGS POINT RD, STAMFORD CT 06902
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Thung Roy T K	director, officer: CEO	96 CUMMINGS POINT RD STAMFORD CT 06902
James G Tatum	director	96 CUMMINGS POINT RD STAMFORD CT 06902
David T Kettig	director, officer: President	96 CUMMINGS POINT RD STAMFORD CT 06902
Steven B Lapin	director	96 CUMMINGS POINT RD STAMFORD CT 06902
Brian Schlier	officer: Corporate Vice President - Tax	96 CUMMINGS POINT RD STAMFORD CT 06902
Gary Balzofiore	officer: Corporate Vice President	485 MADISON AVENUE, NEW YORK NY 10022
Jeffrey C Smedsrud	officer: Senior Vice President	8009 34TH AVENUE SOUTH #360 BLOOMINGTON MN 55420
Erickson Bernon Reneld Jr	officer: Chief Health Actuary and SVP	INDEPENDENCE HOLDING COMPANY 485 MADISON AVENUE, 14TH FLOOR NEW YORK NY 10022
Scott Michael Wood	officer: Senior Vice President	2101 W. PEORIA AVE, SUITE 100 PHOENIX AZ 85029
Paul R Janerico	officer: VP - Internal Audit	96 CUMMINGS POINT RD STAMFORD CT 06902
Henry B Spencer	officer: VP - Investments	96 CUMMINGS POINT ROAD STAMFORD CT 06902
Roy L Standfest	officer: V.P.& Chief Investment Officer	96 CUMMINGS POINT RD STAMFORD CT 06902