---
schema_version: "secwatch.filing_event.v1"
accession: "0000024090-23-000111"
form_type: "8-K"
ticker: "CIA"
cik: "0000024090"
company_name: "CITIZENS, INC."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:33:48.477270+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Citizens Q3 revenue up 6% to $59.4M; net income falls to $2.7M; book value per share up 39%

## Summary
- Revenue $59.4M (+6% YoY); first year life and A&H premiums up 15% to $5.2M.
- Net income $2.7M ($0.05 diluted EPS) vs $3.4M ($0.06) in Q3 2022; adjusted operating income before taxes $5.7M vs $9.6M.
- Book value per Class A share $3.08 (+39% YoY); ex-AOCI $5.63 (+12%).
- Cash and equivalents $16.8M, zero debt; $4.6M remaining on $8M share repurchase authorization.
- AM Best initiated financial strength and credit ratings on CICA Life Insurance Company of America.

## SEC filing metadata
- accession: 0000024090-23-000111
- form_type: 8-K
- ticker: CIA
- cik: 0000024090
- company_name: CITIZENS, INC.
- filed_at: 2023-11-06T23:59:59+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/24090/000002409023000111/0000024090-23-000111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24090/000002409023000111/cia-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-23-000111
- JSON: https://secwatch.observer/filing/0000024090-23-000111.json
- Plain text: https://secwatch.observer/filing/0000024090-23-000111.txt

## Key facts
- Earnings Releases
  CITIZENS, INC. reported the third quarter ended September 30, 2023 results: revenue $59.4 million, net income $2.7 million, EPS $0.05.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $59.4 million
  - Net income: $2.7 million
  - EPS: $0.05
  - Result: reported results
  source text: Third Quarter 2023 Financial Highlights • Total revenues increased to $59.4 million in Q3 2023, from $56.2 million in the year-ago quarter. • First year life and A&H premiums increased 15% in Q3 2023, the fourth consecutive quarter of year-over-year growth in first year premiums, driven by new products and focused marketing campaigns. • Net income was $2.7 million in Q3 2023, from $3.4 million in Q3 2022. Earnings per fully diluted Class A share was $0.05 in Q3 2023, from $0.06 in the year-ago quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/24090/000002409023000111/0000024090-23-000111-index.htm

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