secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000024090-23-000111
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000111/0000024090-23-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409023000111/cia-20231106.htm
  HTML page:      https://secwatch.observer/filing/0000024090-23-000111

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