{"schema_version":"secwatch.filing_event.v1","accession":"0000024090-24-000030","form_type":"8-K","ticker":"CIA","cik":"0000024090","company_name":"CITIZENS, INC.","filed_at":"2024-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.507568+00:00","generated_at":"2026-06-04T21:47:41.427442+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Citizens, Inc. Q4 2023 net income $10.7M ($0.21/share) vs $13.7M ($0.27) YoY; full-year revenue up 3.5%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000024090-24-000030","json":"https://secwatch.observer/filing/0000024090-24-000030.json","markdown":"https://secwatch.observer/filing/0000024090-24-000030.md","text":"https://secwatch.observer/filing/0000024090-24-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000030/0000024090-24-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000030/cia-20240314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T21:47:41.427442+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"355ff6ef3ebb70e19bbead028901032e3c46ed3e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000030/0000024090-24-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$240.7 million"},{"label":"Net income","value":"$24.4 million"},{"label":"EPS","value":"$0.48 per fully diluted Class A share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"53588bc966e8654d371665c2b5ab0efc04227dcc","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000030/0000024090-24-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$66.8 million"},{"label":"Net income","value":"$10.7 million"},{"label":"EPS","value":"$0.21 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}