secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS, INC. (CIA)
CIK:        0000024090
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0000024090-25-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens FY2024 revenue $245M (+2%), net income $14.9M; insurance issued jumps 54% to $1.1B
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- FY2024 total revenues $245.0M vs $240.7M in 2023; adjusted revenues $247.6M vs $239.9M.
- Net income $14.9M ($0.29/diluted share) vs $24.4M ($0.48) in 2023; adjusted income before tax $21.3M vs $26.6M.
- Insurance issued $1.1B in 2024 (+54%); record total direct insurance in force $5.2B.
- Direct first year life & A&H premiums up 70% in FY2024 and 84% in Q4; ninth consecutive quarterly growth.
- Book value per Class A share $4.21 (+21%); ex-AOCI $6.14 (+5%). No debt; cash from ops $31.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24090/000002409025000017/0000024090-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24090/000002409025000017/cia-20250313.htm
  HTML page:      https://secwatch.observer/filing/0000024090-25-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer