Revenue Update on American Independence Corp.(NASDAQ:AMIC)

American Independence Corp.(NASDAQ:AMIC) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during After-hours on Aug 1, 2016. Earnings per share were $0.03.

Several Insider Transactions has been reported to the SEC. On Mar 26, 2015, Holding Co Independence (10% owner) purchased 157,855 shares at $10.19 per share price.

American Independence Corp. (AMIC) is a holding company principally engaged in health insurance and reinsurance. The Company provides specialized health coverage and related services to commercial customers and individuals. Its wholly owned subsidiary include Independence American Insurance Company markets its products through IHC Risk Solutions LLC IHC Specialty Benefits Inc. IPA Family LLC and IPA Direct LLC which are subsidiaries of AMIC and through independent brokers producers and agents. AMIC underwrites and sells or reinsures on the lines of business which include Medical stop-loss Fully insured medical Pet insurance Occupational accident and New York State Disability Benefits Law. AMIC also has a 23% minority investment in Majestic Underwriters LLC. IHC owns the remaining 77% interest in Majestic. It markets and underwrites employer medical stop-loss. It writes business for Standard Security Life Madison National Life Independence American and others.

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