Citizens Q3 net loss $5.1M ($0.10/sh); adj op income $0.2M vs loss $4.9M

CITIZENS, INC.

Net loss of $5.1M ($0.10 per share) vs net loss of $2.8M ($0.06) in Q3 2021.
Adjusted operating income of $0.2M vs adjusted operating loss of $4.9M in prior year.
Total premium revenue $43.9M, up 1% YoY; insurance issued up 78% to $189.8M.
Claims and surrenders down 3.4% YoY; death claims down 37% due to lower COVID-19 deaths.
Investment related losses $5.0M driven by fair value changes; book value ($0.28) per share.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS, INC. reported third quarter ended September 30, 2022 results: net income $5.1 million, EPS $0.10 per fully diluted class A share.

Period: third quarter ended September 30, 2022
Net income: $5.1 million
EPS: $0.10 per fully diluted class A share
Result: reported results

Exact text from the filing

Net loss for the third quarter of 2022 totaled $5.1 million, or $0.10 per fully diluted class A share

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CITIZENS, INC. filing history →

Source: SEC EDGAR

accession 0000024090-22-000103

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