Citizens, Inc. Q4 2023 net income $10.7M ($0.21/share) vs $13.7M ($0.27) YoY; full-year revenue up 3.5%

CITIZENS, INC.

Full-year 2023 total revenues $240.7M, up from $232.5M in 2022; Q4 revenue $66.8M vs $67.3M YoY.
First year life & A&H premiums up 4% in Q4, marking 5th consecutive quarterly increase.
Book value per Class A share $3.47, up 36% YoY; ex-AOCI book value $5.85, up 10%.
No debt at Dec 31, 2023; cash $27.0M; positive operating cash flow $22.1M in 2023.
2024 milestones: target ≥6% first-year premium growth, ≥20% agent network expansion, and 2-3 new products.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS, INC. reported the fiscal year ended December 31, 2023 results: revenue $240.7 million, net income $24.4 million, EPS $0.48 per fully diluted Class A share. Guidance initiated.

Period: the fiscal year ended December 31, 2023
Revenue: $240.7 million
Net income: $24.4 million
EPS: $0.48 per fully diluted Class A share
Guidance: initiated
Result: reported results

Exact text from the filing

drive sustainable, long-term growth and profitability on behalf of our investors,” concluded Shields. Fourth Quarter and Full Year 2023 Financial Highlights • Total revenues of $240.7 million in the full year 2023 compared to $232.5 million in the full year 2022. Total revenues of $66.8 million in Q4 2023, from $67.3 million in the year-ago quarter. • First year life

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CITIZENS, INC. reported the fourth quarter ended December 31, 2023 results: revenue $66.8 million, net income $10.7 million, EPS $0.21 per share. Guidance initiated.

Period: the fourth quarter ended December 31, 2023
Revenue: $66.8 million
Net income: $10.7 million
EPS: $0.21 per share
Guidance: initiated
Result: reported results

Exact text from the filing

Quarter and Full Year 2023 Financial Highlights • Total revenues of $240.7 million in the full year 2023 compared to $232.5 million in the full year 2022. Total revenues of $66.8 million in Q4 2023, from $67.3 million in the year-ago quarter. • First year life and A&H premiums increased 4% in Q4 2023, the fifth consecutive quarter of year-over-year growth in

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Source: SEC EDGAR

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