Citizens reports FY2022 net loss $6.6M; operating income up $8.3M ex one-time items

CITIZENS, INC.

FY2022 net loss $6.6M ($0.13 diluted EPS) vs FY2021 net gain $36.8M ($0.73 diluted EPS); Q4 net income $3.4M ($0.07 EPS).
Operating income excluding one-time items and investment losses increased $8.3M in 2022.
Life insurance issued +64% and policies issued +18% in FY2022; first year premiums in Life +4%, overall -1%.
Net investment income $65.4M in 2022, up from $61.5M; average pre-tax yield 4.40% vs 4.24%.
Book value per share incl. AOCI dropped to $0.02 from $6.41; adjusted book value $3.94 from $4.06.

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 the quarter and year ended December 31, 2022 results: net income $6.6 million, or $0.13 per diluted class A share.

Period: the quarter and year ended December 31, 2022
Net income: $6.6 million, or $0.13 per diluted class A share
Result: reported results

Exact text from the filing

Net loss for the year ended December 31, 2022 totaled $6.6 million, or $0.13 per diluted class A share, compared to a net gain of $36.8 million, or $0.73 per diluted class A share, in 2021.

View on SEC.gov

Browse all earnings releases →

CITIZENS, INC. filing history →

Source: SEC EDGAR

accession 0000024090-23-000030

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.