Insurance Software Solution | Insurance Software Development -Ebix

	Three Months Ended		Twelve Months Ended
	December 31,		December 31,
	2018	2017	2018	2017
	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Operating revenue	$136,327	$104,681	$497,826	$363,971
Operating expenses:
Cost of services provided	42,302	38,438	168,415	129,494
Product development	10,963	8,551	39,078	33,854
Sales and marketing	4,045	3,991	17,587	16,303
General and administrative (net)	34,059	17,820	108,475	59,976
Amortization and depreciation	3,428	2,800	11,292	11,123
Total operating expenses	94,797	71,600	344,847	250,750

Operating income	41,530	33,081	152,979	113,221
Interest income	127	97	436	1,711
Interest expense	(9,037)	(4,345)	(27,101)	(13,383)
Non-operating income – (loss)	—	—	60	—
Foreign currency exchange gain (loss)	2,127	(894)	(792)	1,811
Income before income taxes	34,747	27,939	125,582	103,360
Income tax expense	(26,474)	(414)	(32,501)	(777)
Net income including noncontrolling interest	8,273	27,525	93,081	102,583
Net income (Loss) attributable to noncontrolling interest	(236)	952	(58)	1,965
Net income attributable to Ebix, Inc.	$8,509	26,573	$93,139	$100,618

Basic earnings per common share	$0.27	$0.84	$2.97	$3.19

Diluted earnings per common share	$0.27	$0.84	$2.95	$3.17

Basic weighted average shares outstanding	31,133	31,470	31,393	31,552

Diluted weighted average shares outstanding	31,225	31,656	31,534	31,719

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

IR@ebix.com

Financial Statement