Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15946 Ebix, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0021975 (State or other jurisdiction of incorporation) (I.R.S. Employer Identificati ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15946 Ebix, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0021975 (State or other jurisdiction of incorporation or (I.R.S. Employer I ...

Revenue Growth - Total operating revenues for the three months ended June 30, 2021, increased by $135.0 million, or 121%, to $246.3 million compared to $111.3 million in the same period of 2020[184]. - International revenue accounted for 84.7% of total revenue for the three months ended June 30, 2021, compared to 62.5% in the same period of 2020[184]. - Revenue from EbixCash exchanges increased to $189.9 million for the three months ended June 30, 2021, up from $53.2 million in the same period of 2020[182]. - The demand for payment solutions offerings in India, particularly prepaid gift cards, increased by more than $128 million year-over-year, representing a growth of over 375%[184]. - Total operating revenues for the six months ended June 30, 2021, increased by $287.2 million, or 115%, to $536.4 million compared to $249.2 million for the same period in 2020[196]. Cost and Expenses - Cost of services provided increased by $129.1 million, or 263%, to $178.2 million in the second quarter of 2021 compared to $49.1 million in the second quarter of 2020[185]. - Cost of services as a percentage of total revenues rose to 72.3% for the three months ended June 30, 2021, compared to 44.1% for the same period in 2020[185]. - General and administrative expenses increased by $7.9 million, or 51%, to $23.3 million in Q2 2021 compared to $15.5 million in Q2 2020[188]. - Product development expenses increased by $1.8 million, or 22%, to $10.1 million in Q2 2021 compared to $8.3 million in Q2 2020[186]. Financial Position - Cash and cash equivalents decreased to $85.1 million at June 30, 2021, from $105.0 million at December 31, 2020[212]. - The current ratio increased to 1.96 at June 30, 2021, from 1.89 at December 31, 2020[214]. - The company recorded a net foreign currency exchange gain of $9 thousand for Q2 2021[194]. - Net income tax expense was $627 thousand (4.03%) for Q2 2021, with an expected full-year effective tax rate of 2.5% to 3.5%[195]. Debt and Financing - The company had $663.6 million in outstanding debt obligations as of June 30, 2021, including a $224.2 million term loan and a $439.4 million balance on its revolving line of credit[276]. - The outstanding balance on the revolving line of credit was $439.4 million as of June 30, 2021, with an interest rate of 5.50%, up from 3.50% at December 31, 2020[233]. - The outstanding balance on the Term Loan was $224.2 million as of June 30, 2021, with $31.3 million of principal payments made during the first half of 2021[234]. - Net cash used by financing activities for the six months ended June 30, 2021 was $43.1 million, including $31.3 million for scheduled payments on the existing term loan[226]. Cash Flow - Net cash provided by operating activities for the six months ended June 30, 2021 was $21.7 million, with a net income of $37.3 million and working capital requirements of $(28.3) million[221]. - Net cash used for investing activities during the six months ended June 30, 2021 was $6.4 million, primarily for software development costs of $3.1 million and capital expenditures of $1.7 million[223]. - In the first half of 2020, net cash used for investing activities was $36.5 million, mainly for acquisition-related payments of $5.2 million and software development costs of $3.3 million[224]. Market and Operational Impact - The company continues to monitor the impact of COVID-19 on its operations and has taken measures to strengthen its financial position[180]. - COVID-19 continues to create uncertainty in global financial markets, potentially impacting demand for services and overall business performance[239]. - The company has not experienced any material changes to its internal controls over financial reporting despite remote work due to the COVID-19 pandemic[281]. - The company continually monitors the impact of COVID-19 on the effectiveness of its internal control over financial reporting[281]. Revenue Recognition - EbixCash Travel revenue is recognized at a point in time, primarily from commissions and transaction fees, including hotel rooms, airline tickets, and ancillary fees[249]. - For corporate MICE packages, revenue is recognized at full purchase value upon completion, with costs recorded under direct expenses, reflecting EbixCash's role as the principal in transactions[251]. - EbixCash's money transfer business recognizes revenue upon completion of the transfer process, which includes a transaction fee and exchange rate differences[252]. - The company’s foreign exchange and payment services recognize revenue when performance obligations are fulfilled, typically when payments are made to recipients[253]. - Consumer payment services vary in fee structures based on customer relationships and service offerings, with revenue recognized based on contractual agreements[254]. - Insurance Exchanges revenue is derived from SaaS platform fees, with setup and customization services accounted for as a single performance obligation over the contract duration[256]. Foreign Currency and Market Risk - During the six months ended June 30, 2021, the company experienced unrealized foreign currency translation losses of $(12.5) million[275]. - A hypothetical 30% increase in the LIBOR rate could have reduced pre-tax income by approximately $0.5 million for the six months ended June 30, 2021[276]. - A hypothetical 20% adverse change in foreign currency exchange rates could have resulted in a reduction to pre-tax income of approximately $5.2 million for the six months ended June 30, 2021[275]. - There were no material changes to the company's market risk exposure during the six months ended June 30, 2021[277]. - The company maintains a system of disclosure controls and procedures to ensure accurate reporting in compliance with SEC rules[279].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15946 Ebix, Inc. (Exact name of registrant as specified in its charter) | --- | --- | |---------------------------------|------------------| | | | | Delaware | | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15946 Ebix, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0021975 (State or other jurisdiction of incorporation) (I.R.S. Employer Identificati ...

Revenue Performance - Total operating revenues for the three months ended September 30, 2020, increased by $7.1 million, or 5%, to $154.3 million compared to $147.2 million in the same period of 2019[202]. - International revenue accounted for 74.0% of total revenue for the three months ended September 30, 2020, compared to 69.4% in the same period of 2019[202]. - Revenue from EbixCash exchanges for the three months ended September 30, 2020, was $96.8 million, up from $82.1 million in the same period of 2019[200]. - Revenue from insurance exchanges decreased to $42.4 million for the three months ended September 30, 2020, down from $47.4 million in the same period of 2019[200]. - The company's transaction-based revenue increased to 63% of total revenue for the three months ended September 30, 2020, compared to 53% in the same period of 2019[200]. - For the nine months ended September 30, 2020, total revenues were $403.5 million, compared to $434.4 million for the same period in 2019[200]. - Pro forma combined revenues increased by 2.1% for the three months ending September 30, 2020, compared to the same period in 2019, considering business acquisitions[203]. Impact of COVID-19 - The company experienced a decrease in demand for certain solutions related to travel and foreign exchange due to COVID-19, which is expected to continue[192]. - Payment solutions revenues increased by over 350% year-over-year for the year-to-date period ended September 30, 2020, driven by increased demand for online payment solutions due to COVID-19[219]. Financial Position and Expenses - The company has implemented measures to strengthen its financial position, including amending its credit facility and reducing non-essential expenditures[195]. - Cost of services increased by $40.5 million, or 27%, to $192.5 million during the nine months ended September 30, 2020, with cost of services as a percentage of total revenues rising to 47.7% from 35.0% year-over-year[219]. - General and administrative expenses decreased by $35.6 million, or 35%, to $65.6 million during the nine months ended September 30, 2020, primarily due to reduced personnel costs and rent expenses[223]. - Interest expense decreased by $8.7 million, or 27%, to $23.9 million during the nine months ended September 30, 2020, attributed to lower LIBOR rates and a decrease in working capital facilities[226]. - Product development expenses decreased by $7.4 million, or 22%, to $26.5 million during the nine months ended September 30, 2020, primarily due to reduced employee-related costs[220]. - Sales and marketing expenses decreased by $4.3 million, or 29%, to $10.6 million during the nine months ended September 30, 2020, reflecting a reduction in business promotion expenses[221]. Cash and Debt Management - Cash and cash equivalents increased to $88.0 million at September 30, 2020, up from $73.2 million at December 31, 2019[232]. - As of November 3, 2020, the total cash, cash equivalents, short-term investments, and restricted cash held by the company amounted to $124.7 million, with significant balances in India ($72.5 million) and the United States ($17.8 million)[233]. - The current ratio improved to 1.75 as of September 30, 2020, up from 1.55 at the end of 2019, indicating a stronger liquidity position[234]. - The outstanding balance on the revolving line of credit was $439.4 million as of September 30, 2020, with an interest rate of 3.50%[252]. - The outstanding balance on the term loan was $261.1 million as of September 30, 2020, with $22.6 million due within the next twelve months[253]. - The Company had $700.5 million in outstanding debt obligations as of September 30, 2020, consisting of a $261.1 million term loan and a $439.4 million balance drawn on its commercial banking revolving line of credit[294]. Foreign Currency and Interest Rate Exposure - The company reported unrealized foreign currency translation losses of $(35.9) million for the nine months ended September 30, 2020, compared to gains of $10.9 million in 2019[293]. - A hypothetical 30 basis point increase in the LIBOR rate could reduce pre-tax income by approximately $1.5 million for the nine months ended September 30, 2020[294]. - A 20% adverse change in foreign currency exchange rates could have resulted in a reduction to pre-tax income of approximately $15.9 million for the nine months ended September 30, 2020[293]. - A hypothetical 20 basis point decrease in interest rates earned on deposited funds would have resulted in a reduction to pre-tax income of approximately $223 thousand for the nine months ended September 30, 2020[294]. Business Acquisitions and Strategy - The company completed one business acquisition during the nine months ending September 30, 2020, acquiring India-based Trimax for approximately $9.9 million[236][237]. - The company is actively pursuing accretive business acquisitions as part of its growth strategy, focusing on businesses complementary to its existing products and services[235]. Internal Controls and Reporting - The Company has not experienced any material changes to its internal controls over financial reporting despite the COVID-19 pandemic[299]. - The Company's disclosure controls and procedures were evaluated as effective as of September 30, 2020, with no material changes affecting internal control over financial reporting[299]. - The Company is continually monitoring the impact of COVID-19 on the operating effectiveness of its internal control over financial reporting[299].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15946 Ebix, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0021975 (State or other jurisdiction of incorporation or (I.R.S. Employer Identi ...

Revenue Performance - Total operating revenues decreased by $5.0 million, or 4%, to $137.9 million for the three months ended March 31, 2020, compared to $142.9 million in the same period of 2019[189]. - International revenue accounted for 69.6% of total revenue for the three months ended March 31, 2020, compared to 67.8% in the same period of 2019[187]. - Revenue from EbixCash exchanges was $77.9 million, slightly up from $77.7 million in the first quarter of 2019[191]. - Revenue from insurance exchanges decreased to $44.0 million from $48.0 million year-over-year[191]. - Payment solutions revenues increased by over 120% in Q1 2020 compared to Q4 2019 due to increased demand during the COVID-19 lockdown in India[194]. Cost and Expense Analysis - Costs of services provided increased by $11.5 million, or 25%, to $57.5 million in Q1 2020 compared to $45.9 million in Q1 2019[194]. - Product development expenses decreased by $1.8 million, or 16%, to $9.4 million in Q1 2020 compared to $11.2 million in Q1 2019[195]. - Sales and marketing expenses decreased by $2.3 million, or 38%, to $3.8 million in Q1 2020 compared to $6.1 million in Q1 2019[196]. - General and administrative expenses increased by $7.8 million, or 36%, to $29.2 million in Q1 2020 compared to $21.4 million in Q1 2019[197]. Cash Flow and Financial Position - Net cash provided by operating activities was $29.6 million for Q1 2020, compared to $21.0 million for Q1 2019[221][222]. - Net cash used for investing activities was $9.6 million in Q1 2020, primarily for acquisition-related payments and software development costs[223]. - Net cash used by financing activities was $32.2 million in Q1 2020, primarily due to a $24.7 million reduction in working capital facilities[225]. - The company's cash and cash equivalents decreased to $61.9 million at March 31, 2020, from $73.2 million at December 31, 2019[207]. - The current ratio increased to 1.71 at March 31, 2020, from 1.55 at December 31, 2019[211]. Debt and Financing - The Company had $713.3 million in outstanding debt obligations as of March 31, 2020, including a $272.4 million term loan and a $438.0 million balance on its commercial banking revolving line of credit[273]. - As of March 31, 2020, the outstanding balance on the revolving line of credit was $438.0 million, with an interest rate of 4.13%[230]. - The term loan balance was $272.4 million, with $22.6 million due within the next twelve months and an interest rate of 4.13%[231]. - During the three months ended March 31, 2020, $3.8 million of scheduled amortization payments were made on the term loan[231]. - The Company's revolving line of credit interest rate was 4.13% as of March 31, 2020, exposing it to potential increases in interest expense[273]. Impact of COVID-19 - The company continues to monitor COVID-19 developments and has implemented measures to protect employee health and strengthen financial position[185]. - The company expects demand variability for its products and services to continue as a result of the COVID-19 pandemic[183]. - COVID-19 has created significant uncertainty in global financial markets, potentially impacting demand for services and access to capital[238]. Legal Matters - The Company is involved in various legal proceedings, including a settled class action lawsuit with a settlement amount of $19.65 million[280]. - The Delaware Court of Chancery approved a Litigation Settlement, determining it to be fair and reasonable, with an award of $19.65 million in attorneys' fees and expenses payable by the Company within 20 days[280]. - The Settlement provides for full settlement and release of all claims asserted or that could have been asserted in the Litigation, with no admission of wrongdoing or liability[280]. - The Settlement was fully paid on May 2, 2019[280]. - The Company is involved in various other claims and legal actions arising in the ordinary course of business[281]. - Management believes that the ultimate disposition of these matters will not have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity[281]. Revenue Recognition - Revenue from EbixCash is primarily derived from financial transaction services, with a significant majority recognized at a point in time[241]. - Insurance Exchanges revenues are derived from SaaS platforms and related services, recognized over the contract duration[255]. - Risk Compliance Services revenues consist of transaction-based revenues from Certificates of Insurance and consulting services[263]. - The company recognizes revenue for consulting services on a time and materials basis or fixed fee basis, depending on the engagement[265]. Foreign Currency Risk - The adverse impact from foreign currency fluctuations reduced reported revenues by $3.7 million for the three months ended March 31, 2020[189]. - The net change in the cumulative foreign currency translation account for the three months ended March 31, 2020, was an unrealized loss of $49.8 million, compared to a gain of $3.5 million for the same period in 2019[272]. - A hypothetical 20% adverse change in foreign currency exchange rates could have resulted in a reduction to pre-tax income of approximately $3.4 million for the three months ended March 31, 2020[272]. - The Company is exposed to foreign currency exchange rate risk related to operations in countries where transactions are denominated in currencies other than the functional currency[272]. - A hypothetical 30 basis point increase in the LIBOR rate would have resulted in a reduction to pre-tax income of approximately $1.1 million for the three months ended March 31, 2020[273]. - A hypothetical 20 basis point decrease in interest rates earned on deposited funds would have resulted in a reduction to pre-tax income of approximately $104 thousand for the three months ended March 31, 2020[273]. Internal Controls - The Company maintains effective disclosure controls and procedures, with no material changes affecting internal control over financial reporting during the quarter ended March 31, 2020[278].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15946 Ebix, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0021975 (State or other jurisdiction of incorporation) (I.R.S. Employer Identificati ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15946 Ebix, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0021975 (State or other jurisdiction of incorporation or (I.R.S. Employer I ...