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American Independence (American Independence) Retained Earnings : $141.0 Mil (As of Jun. 2016)


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What is American Independence Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. American Independence's retained earnings for the quarter that ended in Jun. 2016 was $141.0 Mil.

American Independence's quarterly retained earnings increased from Dec. 2015 ($25.5 Mil) to Mar. 2016 ($139.7 Mil) and increased from Mar. 2016 ($139.7 Mil) to Jun. 2016 ($141.0 Mil).

American Independence's annual retained earnings increased from Dec. 2013 ($17.0 Mil) to Dec. 2014 ($22.1 Mil) and increased from Dec. 2014 ($22.1 Mil) to Dec. 2015 ($25.5 Mil).


American Independence Retained Earnings Historical Data

The historical data trend for American Independence's Retained Earnings can be seen below:

* 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.

* Premium members only.

American Independence Retained Earnings Chart

American Independence Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -377.69 -368.11 16.97 22.14 25.55

American Independence Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.70 25.30 25.55 139.75 141.03

American Independence Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


American Independence  (NAS:AMIC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


American Independence (American Independence) Business Description

Traded in Other Exchanges
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Address
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

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