earnings
confidence high
sentiment negative
materiality 0.60
Citizens reports Q1 net loss of $1.6M; direct premiums up 49% YoY
CITIZENS, INC.
- Total revenues $55.7M (-$2.0M YoY); adjusted revenues $58.5M (+$1.8M YoY).
- Net loss $1.6M ($0.03 diluted loss) vs net income $4.5M ($0.09 diluted) in Q1 2024.
- Direct first-year life & A&H premiums soared 49% YoY; producing agents up 50% to record.
- Book value per Class A share $4.37 (+11% YoY); adjusted book value $6.12 (+3% YoY).