---
schema_version: "secwatch.filing_event.v1"
accession: "0000024090-23-000054"
form_type: "8-K"
ticker: "CIA"
cik: "0000024090"
company_name: "CITIZENS, INC."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:32:22.221376+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Citizens Q1 net income falls to $4.9M ($0.10/share) from $6.4M, revenues up 1% to $55.9M

## Summary
- Net income $4.9M ($0.10 diluted) vs $6.4M ($0.13) in Q1 2022, down 23%.
- Total revenues $55.9M (+1% YoY); first-year premiums +24% to $4.2M.
- Book value per Class A share $3.09 (+24% YoY); adjusted book value $5.41 (+10% YoY).
- Adjusted operating income $7.0M vs $7.8M in Q1 2022.
- Entered two new white-label distribution partnerships during Q1.

## SEC filing metadata
- accession: 0000024090-23-000054
- form_type: 8-K
- ticker: CIA
- cik: 0000024090
- company_name: CITIZENS, INC.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/24090/000002409023000054/0000024090-23-000054-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24090/000002409023000054/cia-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-23-000054
- JSON: https://secwatch.observer/filing/0000024090-23-000054.json
- Plain text: https://secwatch.observer/filing/0000024090-23-000054.txt

## Key facts
- Earnings Releases
  CITIZENS, INC. reported the quarter ended March 31, 2023 results: revenue $55.9 million, net income $4.9 million, EPS $0.10 per fully diluted class A share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $55.9 million
  - Net income: $4.9 million
  - EPS: $0.10 per fully diluted class A share
  - Result: reported results
  source text: EX-99.1 (EX-99.1) --- Citizens Reports First Quarter 2023 Financial Results • Q1 2023 net income of $4.9 million, or $0.10 per fully diluted class A share • Total revenues of $55.9 million grew 1%, driven by new business and higher net investment income • Q1 2023 first year premiums increased 24% year-over-year, driven by growth across Life Insurance and Home
  evidence_url: https://www.sec.gov/Archives/edgar/data/24090/000002409023000054/0000024090-23-000054-index.htm

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