---
schema_version: "secwatch.filing_event.v1"
accession: "0000024090-22-000007"
form_type: "8-K"
ticker: "CIA"
cik: "0000024090"
company_name: "CITIZENS, INC."
filed_at: "2022-03-14T23:59:59+00:00"
generated_at: "2026-06-26T23:23:42.503175+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Citizens reports Q4 2021 net income $38.1M vs $1.5M YoY; updates governance guidelines

## Summary
- Q4 2021 net income $38.1M ($0.77/diluted share) vs $1.5M in Q4 2020; full year net income $36.8M vs $11.0M loss.
- Q4 included release of $43.8M uncertain tax position and $12.6M goodwill impairment; pre-tax net loss $6.8M vs $2.3M prior year.
- Renewal premiums up 4% to $44.7M, first year premiums $4.7M (down 11% YoY); claims/surrenders down 17%.
- Book value per class A share $6.41, up 20% QoQ and 8% YoY; total assets $1.9B, no debt.
- Board adopted director ownership guidelines (2.5x retainer), director resignation policy, mandatory retirement at 75 (grandfathered to 80), 12-year term limit.

## SEC filing metadata
- accession: 0000024090-22-000007
- form_type: 8-K
- ticker: CIA
- cik: 0000024090
- company_name: CITIZENS, INC.
- filed_at: 2022-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24090/000002409022000007/0000024090-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24090/000002409022000007/cia-20220308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-22-000007
- JSON: https://secwatch.observer/filing/0000024090-22-000007.json
- Plain text: https://secwatch.observer/filing/0000024090-22-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.