secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2022-11-04T23:59:59+00:00
Accession:  0000024090-22-000103
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409022000103/0000024090-22-000103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409022000103/cia-20221104.htm
  HTML page:      https://secwatch.observer/filing/0000024090-22-000103

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer