{"schema_version":"secwatch.filing_event.v1","accession":"0000024090-24-000089","form_type":"8-K","ticker":"CIA","cik":"0000024090","company_name":"CITIZENS, INC.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.479721+00:00","generated_at":"2026-06-02T21:06:11.149556+00:00","sec_items":["1.01","2.02","2.03","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Citizens Q1 revenue up 3% to $57.7M; insurance issued up 61%","bullets":["Total revenues $57.7M (+3% YoY); net income $4.5M ($0.09/share) vs $4.9M ($0.10) a year ago.","First year life & A&H premiums up 42% to $5.9M; insurance issued up 61% to $274.5M (record).","Book value per Class A share $3.94 (+28% YoY); ex-AOCI $5.95 (+10%).","Milestones: target at least 6% growth in first year premiums, 20% agent expansion, 2-3 new products in 2024.","Renewed $20M credit facility with Regions Bank, maturing 2027; no borrowings outstanding."],"urls":{"canonical":"https://secwatch.observer/filing/0000024090-24-000089","json":"https://secwatch.observer/filing/0000024090-24-000089.json","markdown":"https://secwatch.observer/filing/0000024090-24-000089.md","text":"https://secwatch.observer/filing/0000024090-24-000089.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000089/0000024090-24-000089-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000089/cia-20240503.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:06:11.149556+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":"3cbb67603f1b6f23b04d6c37af6777b06f18b324","claim":"CITIZENS, INC. incurred credit facility of $20,000,000 senior secured revolving credit facility with Regions Bank maturing May 5, 2027.","evidence_excerpt":"Agreement is referred to as the “Credit Facility”). The Credit Facility was renewed on substantially the same terms as the original Credit Agreement and continues to provide a $20,000,000 senior secured revolving credit facility. The Company has not borrowed under the Credit Facility to date. The proceeds of any loan provided to the Company under the Credit","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000089/0000024090-24-000089-index.htm","confidence":0.7,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$20,000,000 senior secured revolving credit facility"},{"label":"Counterparty","value":"Regions Bank"},{"label":"Maturity","value":"May 5, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"eb45309edf17bede9079637734dd4aa054e5319b","claim":"CITIZENS, INC. reported first quarter ended March 31, 2024 results: revenue $57.7 million, net income $4.5 million, EPS $0.09 per fully diluted Class A share.","evidence_excerpt":"First Quarter 2024 Financial Highlights • Total revenues increased 3% to $57.7 million in Q1 2024, from $55.9 million in the year-ago quarter. • First year life and A&H premiums increased 42% in Q1 2024, the sixth consecutive quarter of year-over-year growth in first year premiums, driven by new domestic growth and new products. • Net income of $4.5 million, $0.09 per fully diluted Class A share, in Q1 2024, from $4.9 million, $0.10 in Q1 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000089/0000024090-24-000089-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$57.7 million"},{"label":"Net income","value":"$4.5 million"},{"label":"EPS","value":"$0.09 per fully diluted Class A share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"106ba311d77b5fd4dcdc9ae14f0f01bc1b82b673","claim":"CITIZENS, INC. amended First Amendment to Credit Agreement with Regions Bank valued at $20,000,000 senior secured revolving credit facility (effective 2024-05-03).","evidence_excerpt":"On May 3, 2024, Citizens, Inc. (the “Company”) entered into the First Amendment to Credit Agreement with Regions Bank (the “Lender”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/24090/000002409024000089/0000024090-24-000089-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Regions Bank"},{"label":"Value","value":"$20,000,000 senior secured revolving credit facility"},{"label":"Effective","value":"2024-05-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}