Ebix, Inc. and Subsidiaries
                  Consolidated Statements of Income
                (In thousands, except per share data)


                                 Three Months Ended Nine Months Ended
                                    September 30,     September 30,
                                   2006     2005     2006     2005
                                 -------------------------------------
Revenue:
Software                             $326      $390  $1,251    $1,000
Services and other (Including
 revenues from related parties
 of $1,062, $963, $2,477 and
 $2,720 respectively )              6,970     5,506  18,724    16,934
                                 -------------------------------------
Total revenue                       7,296     5,896  19,975    17,934

Operating expenses:
Services and other costs            1,480     1,594   4,170     4,503
Product development                 1,297       892   3,265     2,459
Sales and marketing                   729       547   1,969     1,547
General and administrative          1,531     1,413   4,892     4,928
Amortization and depreciation         435       317   1,166       965
                                 -------------------------------------
Total operating expenses            5,472     4,763  15,462    14,402
                                 -------------------------------------
Operating income                    1,824     1,133   4,513     3,532

Interest income                        52       125     190       290
Interest expense                      (22)     (142)   (109)     (357)
Foreign exchange gain (loss)          (72)      (17)     16        58
                                 -------------------------------------

Income before income taxes          1,782     1,099   4,610     3,523
Income tax (expense)
 benefit+B8                          (123)      127    (318)     (145)
                                 -------------------------------------

Net income                         $1,659    $1,226  $4,292    $3,378
                                 =====================================

Basic earnings per common
 share                              $0.60     $0.45   $1.56     $1.20
                                 =====================================
Diluted earnings per common
 share                              $0.53     $0.40   $1.37     $1.08
                                 =====================================


Basic weighted average shares
 outstanding                        2,763     2,734   2,757     2,808
                                 =====================================

Diluted weighted average
 shares outstanding                 3,119     3,089   3,131     3,123
                                 =====================================