secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0000024090-23-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000030/0000024090-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000030/cia-20230313.htm
  HTML page:      https://secwatch.observer/filing/0000024090-23-000030

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