secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0000024090-23-000092
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000092/0000024090-23-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000092/cia-20230804.htm
  HTML page:      https://secwatch.observer/filing/0000024090-23-000092

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