---
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"
generated_at: "2026-06-04T21:47:41.427442+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000024090-24-000030
- JSON: https://secwatch.observer/filing/0000024090-24-000030.json
- Plain text: https://secwatch.observer/filing/0000024090-24-000030.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/24090/000002409024000030/0000024090-24-000030-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/24090/000002409024000030/0000024090-24-000030-index.htm

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