secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0000024090-23-000054
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000054/0000024090-23-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000054/cia-20230508.htm
  HTML page:      https://secwatch.observer/filing/0000024090-23-000054

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