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

                                        Three Months      Six Months
                                       Ended June 30,   Ended June 30,
                                        2006    2005    2006    2005
                                       ------- ------- ------- -------
Revenue:
Software                                 $428    $408    $925    $610
Services and other (Including revenues
 from related parties of $702, $879,
 $1,415 and $1,757 respectively)        6,601   5,726  11,754  11,428
                                       ------- ------- ------- -------
 Total revenue                          7,029   6,134  12,679  12,038

Operating expenses:
Services and other costs                1,359   1,503   2,690   2,909
Product development                     1,099     773   1,968   1,567
Sales and marketing                       650     522   1,240   1,000
General and administrative              1,997   1,826   3,361   3,515
Amortization and depreciation             417     319     731     648
                                       ------- ------- ------- -------
 Total operating expenses               5,522   4,943   9,990   9,639
                                       ------- ------- ------- -------
 Operating income                       1,507   1,191   2,689   2,399

Interest income                            59      83     138     165
Interest expense                          (55)   (113)    (87)   (215)
Foreign exchange gain                      46      84      88      75
                                       ------- ------- ------- -------

Income before income taxes              1,557   1,245   2,828   2,424
Income tax expense                        (59)   (161)   (195)   (272)
                                       ------- ------- ------- -------

Net income                             $1,498  $1,084  $2,633  $2,152
                                       ======= ======= ======= =======

Basic earnings per common share         $0.54   $0.39   $0.96   $0.76
                                       ======= ======= ======= =======
Diluted earnings per common share       $0.48   $0.35   $0.84   $0.69
                                       ======= ======= ======= =======


Basic weighted average shares
 outstanding                            2,759   2,778   2,754   2,845
                                       ======= ======= ======= =======

Diluted weighted average shares
 outstanding                            3,136   3,057   3,136   3,141
                                       ======= ======= ======= =======