earnings
confidence high
sentiment positive
materiality 0.60
Citizens Q1 2022 net loss narrows to $1.3M; renewal premiums up 2% YoY
CITIZENS, INC.
- Net loss $1.3M ($0.03 diluted) vs $3.6M loss ($0.07) in Q1 2021.
- Total premium revenue $39.4M (+1% YoY); renewal premiums $36M (+2%).
- Claims & surrenders down 7% YoY; death claims down 22% ($1.9M).
- Book value $3.91 per share; total assets $1.7B, no debt.
- Home Service Insurance segment premium up 4% YoY; average policy face value up 44%.