Citizens

Citizens, Inc. is a holding company, which engages in the provision of insurance and reinsurance services. It operates through the Life Insurance and Home Service Insurance segments. The Life Insurance segment primarily issues ordinary whole life insurance and endowment policies in U.S. dollar-denominated amounts to foreign residents. The Home Service Insurance segment focuses on the life insurance needs of the middle- and lower-income markets. The company was founded by Harold Eugene Riley in 1969 and is headquartered in Austin, TX.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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Q1 2022 Net Loss of $1.3 million, a $2.2 million Improvement Compared to Q1 2021 Q1 2022 Renewal Premiums Increased 2% Year-Over-Year to $36 million, Driven by Growth Across Life Insurance and Home Service Insurance Segments Q1 2022 Total Claims and Surrenders Decreased 7% Year-Over-Year $1.7 billion of Total Assets at March 31, 2022 with No Debt Book Value per Class A Share at March 31, 2022 of $3.91 AUSTIN, Texas , May 5, 2022 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA), today reported financial results for the first quarter ended March 31, 2022. Net loss for the first quarter of 2022 totaled $1.3 million, or $0.03 per fully diluted class A share, an improvement compared to net loss of $3.6 million, or $0.07 per fully diluted class A share, in the prior-year quarter.

Citizens Reports First Quarter 2022 Financial Results

AUSTIN, Texas , March 22, 2022 /PRNewswire/ -- Citizens, Inc. ("Citizens" or the "Company") (NYSE: CIA), has appointed Gateway Group, Inc. ("Gateway"), a leading strategic financial communications and capital markets advisory firm, to manage its new investor relations program. Gateway and Citizens are partnering to create and implement a comprehensive strategic communication and outreach program.

Citizens Appoints Gateway to Lead New Investor Relations Program

Q4 2021 net income increased to $38.1 million, compared to $1.5 million in Q4 2020; full year net income increased to $36.8 million compared to $11.0 million loss in 2020 Q4 2021 renewal premiums increased 4% year-over-year to $44.7 million, driven by growth across Life Insurance and Home Service Insurance segments Q4 2021 total claims and surrenders decreased 17% year-over-year Total assets of $1.9 billion at December 31, 2021 with no debt Book value per class A share at December 31, 2021 of $6.41 increased 20% and 8%, respectively, from September 30, 2021 and December 31, 2020 AUSTIN, Texas, March 11, 2022 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today reported financial results for the quarter and year ended December 31, 2021. Net income for the fourth quarter of 2021 totaled $38.1 million, or $0.77 per diluted class A share, an improvement compared to $1.5 million, or $0.03 per fully diluted class A share, in the prior-year quarter.

Citizens Reports Fourth Quarter and Full Year 2021 Financial Results

AUSTIN, Texas, Jan. 21, 2022 /PRNewswire/ -- Citizens National Life Insurance Company ("Citizens National"), a subsidiary of Citizens, Inc. (NYSE: CIA) announces the launch of its new Critical Illness Coverage product. This will be Citizens National's third product launched in the past 12 months.

CITIZENS NATIONAL ANNOUNCES LAUNCH OF CRITICAL ILLNESS PRODUCT

AUSTIN, Texas, Dec. 21, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced that Gerald W. Shields has been appointed Chief Executive Officer effective on January 1, 2022.

CITIZENS ANNOUNCES GERALD W. SHIELDS AS NEW CHIEF EXECUTIVE OFFICER

AUSTIN, Texas, Dec. 1, 2021 /PRNewswire/ -- Security Plan Life Insurance Company ("Security Plan"), a subsidiary of Citizens, Inc. (NYSE: CIA) announces the launch of its new Critical Illness Coverage product. Security Plan's new Critical Illness Coverage product pays benefits directly to the policyholder assist with added expenses in the event of a qualifying critical illness.

Security Plan Announces Launch Of Critical Illness Product

AUSTIN, Texas, Nov. 4, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced Q3 2021 financial results showing ($0.06) loss per share, a $0.10 improvement over the prior year. The increase is boosted by lower operating expenses due to the Change-in-Control expenses in 2020 and higher realized gains this year, partially offset by higher hurricane losses and adverse mortality during the third quarter due partly to the continuing COVID-19 pandemic.

Citizens Announces Q3 2021 Financial Results

AUSTIN, Texas, Aug. 5, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced Q2 2021 financial results showing $0.10 earnings per share, a $0.12 increase over the prior year.  The significant improvement is driven by higher realized gains and was positively impacted by higher premium revenue in the quarter due to focused sales campaigns and lower sales in the prior year as a result of the impact of the COVID-19 environment.

Citizens Announces Q2 2021 Financial Results

AUSTIN, Texas, Aug. 2, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) announces the appointment of three new board members, effective August 1, 2021, demonstrating a continued commitment to Board diversity and an inclusive culture. The new members bring years of insurance experience to the Board, each from a different perspective, bringing unique expertise to enhance the Board's ability to effectively oversee the Company's business operations and guide management's efforts to achieve long-term strategic objectives.

Citizens Announces Three New Board Members

AUSTIN, Texas, July 13, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced that Sheryl Kinlaw has been appointed Chief Legal Officer, reporting directly to Gerald W. Shields, Vice-Chairman of the Board and interim CEO, effective immediately.

Citizens Announces Sheryl Kinlaw As New Chief Legal Officer

AUSTIN, Texas, July 1, 2021 /PRNewswire/ -- Security Plan Life Insurance Company (SPLIC), a subsidiary of Citizens, Inc. (NYSE: CIA) recently announced a new product and new services that capitalizes upon Citizens' long history of selling insurance in the United States. SPLIC has been in the insurance market since 1948, bringing a range of insurance products with its unique value proposition to our Home Service market, particularly Louisiana, Mississippi, and Arkansas.

Citizens Welcomes Security Plan Plus™ To The Offerings For Louisiana, Mississippi, And Arkansas

AUSTIN, Texas, June 7, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) announced that its shareholders approved the Company's say-on-pay proposal for the first time in three years. The Company has taken steps to enhance its executive compensation program, demonstrating its continued commitment to adopt market best practices and align company goals with shareholder expectations.

Citizens Shareholders Approve Say-On-Pay

AUSTIN, Texas, May 27, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today again demonstrated a continued commitment to Board diversity by announcing that the Board has voted to expand the size of the Board from nine to ten directors. This expansion leaves three openings on the Board.

Citizens Board Committed To Advance Diversity

AUSTIN, Texas, May 5, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced Q1 2021 financial results showing a loss per share of ($0.07). Despite an ongoing complex COVID-19 environment and continuing legal expenses associated with the Company's change-in-control, results were consistent with the prior year.

Citizens Announces Q1 2021 Financial Results

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AUSTIN, Texas, April 16, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced that on April 12, 2021, final regulatory approval was granted, enabling the Harold E. Riley Foundation (the "Foundation") to transfer all of the Class B common stock back to Citizens, Inc. As previously disclosed, on February 5, 2021, Citizens, Inc. entered into a Purchase and Sale Agreement with the Foundation to purchase 100% of the Company's Class B common stock from the Foundation at an aggregate purchase price of $9,090,463.80 (the "Class B Transaction") which was paid on March 5, 2021.

Citizens Granted Regulatory Approval To Purchase Class B Shares Giving Control Back To The Company

AUSTIN, Texas, March 22, 2021 /PRNewswire/ -- Citizens National Life Insurance Company, a subsidiary of Citizens, Inc. (NYSE: CIA) recently announced its entrance into the Florida insurance market with a new product and new services that capitalizes upon Citizens' long history selling insurance in Latin America. CNLIC has been in the insurance market since 1965 and entered the Florida market earlier this year, bringing its Whole Life insurance product that offers competitive advantages and its unique value proposition of providing outstanding service and dependable products, tailored for the Spanish and Portuguese speaking people of Florida.

Citizens National Announces Launch Of New Products And Services In Florida

AUSTIN, Texas, March 10, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced 2020 financial results showing a Class A loss per share of ($0.22) primarily driven by one-time expenses of $0.19 per share triggered by a change-in-control of the Company.  Excluding this one-time expense, loss per share of Class A common stock was ($0.03) 1 for the full year.

Citizens Announces Q4 And 2020 Financial Results

AUSTIN, Texas, Feb. 9, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced that the Harold E. Riley Foundation (the "Foundation") has agreed to dismiss all claims against Citizens and the members of its Board of Directors in connection with the Colorado litigation filed by the...

Citizens Announces Dismissal Of Litigation With Class B Holder And Agreement To Purchase Class B Shares

AUSTIN, Texas, Nov. 4, 2020 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced Q3 2020 financial results showing a Class A earnings per share decline of $0.20 from Q3 2019 primarily driven by one-time expenses triggered by a Change-in-Control of the Company. Excluding this $10...

Citizens Announces Q3 2020 Financial Results

AUSTIN, Texas, Aug. 5, 2020 /PRNewswire/ -- Citizens, Inc.

Citizens Announces Q2 2020 Financial Results

AUSTIN, Texas, July 30, 2020 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced that Geoffrey Kolander, President and Chief Executive Officer, has resigned as the Company's President and Chief Executive and as a member of the Board of Directors following the Company's change of.

Citizens Announces CEO & Board Member Departure

News for Citizens Stock (CIA)