---
schema_version: "secwatch.filing_event.v1"
accession: "0000024090-23-000092"
form_type: "8-K"
ticker: "CIA"
cik: "0000024090"
company_name: "CITIZENS, INC."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:34:53.336752+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Citizens, Inc. Q2 net income rises to $6.1M from $2.5M; revenue up 9% to $58.5M

## Summary
- Net income $6.1M ($0.12 EPS) vs $2.5M ($0.05 EPS) YoY; revenue $58.5M up 9% from $53.7M.
- First year premiums grew 3% YoY (third consecutive quarter); insurance issued up 22% in H1 2023.
- Book value per Class A share $2.96 (+20% YoY); book value ex-AOCI $5.55 (+12%).
- Cash $21.2M, no debt; AM Best initiated rating on CICA Life subsidiary.
- Adjusted operating income before taxes $6.4M vs $8.5M YoY due to higher growth-related costs.

## SEC filing metadata
- accession: 0000024090-23-000092
- form_type: 8-K
- ticker: CIA
- cik: 0000024090
- company_name: CITIZENS, INC.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24090/000002409023000092/0000024090-23-000092-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24090/000002409023000092/cia-20230804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-23-000092
- JSON: https://secwatch.observer/filing/0000024090-23-000092.json
- Plain text: https://secwatch.observer/filing/0000024090-23-000092.txt

## Key facts
- Earnings Releases
  CITIZENS, INC. reported the second quarter ended June 30, 2023 results: revenue $58.5 million, net income $6.1 million, EPS $0.12 per fully diluted Class A share.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $58.5 million
  - Net income: $6.1 million
  - EPS: $0.12 per fully diluted Class A share
  - Result: reported results
  source text: to $6.1 million in Q2 2023, from $2.5 million in Q2 2022. Earnings per share increased to $0.12 in Q2 2023, from $0.05 in the year-ago quarter. • Total revenues increased to $58.5 million in Q2 2023, from $53.7 million in the year-ago quarter. • First year premiums increased 3% in Q2 2023, the third consecutive quarter of year-over-year growth in first year
  evidence_url: https://www.sec.gov/Archives/edgar/data/24090/000002409023000092/0000024090-23-000092-index.htm

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