secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000024090-24-000089
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Q1 revenue up 3% to $57.7M; insurance issued up 61%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409024000089/0000024090-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409024000089/cia-20240503.htm
  HTML page:      https://secwatch.observer/filing/0000024090-24-000089

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