Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2018	2017	2018	2017
Operating revenue	$124,626	$87,387	$232,856	$166,490

Operating expenses:
Cost of services provided	43,559	30,932	83,150	56,119
Product development	8,671	8,417	17,105	16,767
Sales and marketing	4,823	4,142	8,821	8,479
General and administrative	26,724	14,598	46,228	27,282
Amortization and depreciation	2,534	2,759	5,341	5,614
Total operating expenses	86,311	60,848	160,645	114,261

Operating income	38,315	26,539	72,211	52,229
Interest income	85	465	206	1,239
Interest expense	(5,750)	(3,018)	(10,597)	(5,486)
Non-operating income	—	—	53	—
Foreign currency exchange (loss) gain	(1,357)	(391)	(1,998)	3,105
Income before income taxes	31,293	23,595	59,875	51,087
Income tax expense	(2,222)	302	(4,348)	(567)
Net income including noncontrolling interest	29,071	23,897	55,527	50,520
Net income attributable to noncontrolling interest	(109)	463	139	659
Net income attributable to Ebix, Inc.	$29,180	$23,434	$55,388	$49,861

Basic earnings per common share attributable to Ebix, Inc.	$0.93	$0.74	$1.76	$1.58

Diluted earnings per common share attributable to Ebix, Inc.	$0.92	$0.74	$1.75	$1.57

Basic weighted average shares outstanding	31,465	31,490	31,474	31,648

Diluted weighted average shares outstanding	31,626	31,637	31,643	31,805

EBIX Inc
1 Ebix Way, Johns Creek, Georgia 30097
Ph: 678-281-2027 Fax: 678-281-2019

IR@ebix.com

Financial Statement