---
schema_version: "secwatch.filing_event.v1"
accession: "0000024090-23-000030"
form_type: "8-K"
ticker: "CIA"
cik: "0000024090"
company_name: "CITIZENS, INC."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:57:43.373295+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000024090-23-000030
- form_type: 8-K
- ticker: CIA
- cik: 0000024090
- company_name: CITIZENS, INC.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24090/000002409023000030/0000024090-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24090/000002409023000030/cia-20230313.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-23-000030
- JSON: https://secwatch.observer/filing/0000024090-23-000030.json
- Plain text: https://secwatch.observer/filing/0000024090-23-000030.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/24090/000002409023000030/0000024090-23-000030-index.htm

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