---
schema_version: "secwatch.filing_event.v1"
accession: "0000024090-23-000099"
form_type: "8-K"
ticker: "CIA"
cik: "0000024090"
company_name: "CITIZENS, INC."
filed_at: "2023-08-24T23:59:59+00:00"
generated_at: "2026-06-11T04:24:16.219602+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Citizens restates prior financials for LDTI; OCI reduced $316.8M

## Summary
- Recorded $0.1M after-tax charge to retained earnings upon LDTI adoption, primarily from capping net premium ratios.
- Pretax OCI decreased $370.3M from remeasuring contract liabilities using current upper-medium grade yields.
- Pretax DAC, COIA, and unearned revenue decreased $35.2M in accumulated OCI for removal of cumulative adjustments.
- Balance sheet presentation revised: annuity and supplemental contract reserves combined into 'annuities' line item.

## SEC filing metadata
- accession: 0000024090-23-000099
- form_type: 8-K
- ticker: CIA
- cik: 0000024090
- company_name: CITIZENS, INC.
- filed_at: 2023-08-24T23:59:59+00:00
- event_type: other_material
- 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/24090/000002409023000099/0000024090-23-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24090/000002409023000099/cia-20230824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-23-000099
- JSON: https://secwatch.observer/filing/0000024090-23-000099.json
- Plain text: https://secwatch.observer/filing/0000024090-23-000099.txt

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