Highest-materiality recent filing
Citizens Inc. swings to Q2 net loss of $0.4M; premiums grow 4% to $48.1M
Net loss of $0.4M ($0.01 diluted loss per share) vs net income of $6.5M ($0.13 EPS) in Q2 2025.
Citizens, Inc. announces 2026 annual meeting voting results; all proposals approved
All 7 director nominees elected with 8.7M-8.8M votes for each; broker non-votes 1.64M.
Citizens Inc Q1 revenue $59.7M (+7% YoY); net income turns to $2.3M
Total revenues $59.7M, up 7% from $55.7M; net income $2.3M vs $1.6M loss year ago.
Citizens, Inc. reports record full-year 2025 revenue of $255.6M; Q4 revenue $72.1M
Full year revenue $255.6M (up 4% YoY); Q4 record $72.1M (up 14% YoY).
CEO Jon Stenberg receives compensation increase: base to $600k, bonus targets raised
Base salary increased from $500,000 to $600,000 effective April 1, 2026.
Citizens Q3 adj EPS $0.07 (+70% YoY); record in-force $5.38B; adds board member
Q3 2025 adj net income $3.4M ($0.07/diluted Class A) vs $2.0M ($0.04) YoY, +70%.
Citizens Q2 net income rises to $6.5M ($0.13/diluted Class A) on revenue of $65.1M
Total revenues $65.1M in Q2 2025, up from $62.1M in Q2 2024; net income $6.5M vs $4.0M.
Citizens, Inc. shareholders elect all eight director nominees at June 17 annual meeting
All eight director nominees elected; Peter M. Carlson received 3,433,773 For, 17,525 Against, 26,626 Abstain.
Citizens reports Q1 net loss of $1.6M; direct premiums up 49% YoY
Total revenues $55.7M (-$2.0M YoY); adjusted revenues $58.5M (+$1.8M YoY).
Citizens, Inc. director and former CEO Gerald W. Shields resigns from board effective April 15, 2025
Gerald W. Shields, former CEO and only non-independent director, submitted conditional resignation on April 2, 2025.
Citizens FY2024 revenue $245M (+2%), net income $14.9M; insurance issued jumps 54% to $1.1B
FY2024 total revenues $245.0M vs $240.7M in 2023; adjusted revenues $247.6M vs $239.9M.
Citizens, Inc. Q3 net income $0.05/share; insurance issued up 75% to record $307.6M
Record insurance issued $307.6M in Q3 2024, up 75% YoY; total direct force $5.2B.
Citizens Q2 net income $4.0M ($0.08/share) on 6% revenue growth; insurance issued record $295.2M
Revenue $62.1M (+6% YoY); net income $4.0M ($0.08 EPS) vs $6.1M ($0.12) in Q2 2023.
Citizens appoints Jon Stenberg CEO; Shields stays Vice Chairman; Q1 insurance issued up 61%
Jon Stenberg, President since March 2024, adds CEO role effective July 1, 2024.
Shareholders elect all director nominees, ratify auditor, approve say-on-pay at annual meeting
All seven director nominees elected; broker non-votes of 3,177,105 on each.
Citizens Q1 revenue up 3% to $57.7M; insurance issued up 61%
Total revenues $57.7M (+3% YoY); net income $4.5M ($0.09/share) vs $4.9M ($0.10) a year ago.
Jon Stenberg appointed President of Citizens; named CEO effective July 1, 2024
Jon Stenberg appointed President effective March 18, 2024; to become CEO on July 1, 2024, succeeding Gerald Shields.
Full-year 2023 total revenues $240.7M, up from $232.5M in 2022; Q4 revenue $66.8M vs $67.3M YoY.
Citizens extends CEO Gerald Shields' term to June 30, 2024 as board searches for successor
Employment Agreement extended from Dec 31, 2023 to June 30, 2024 to allow CEO search and smooth transition.
Citizens Q3 revenue up 6% to $59.4M; net income falls to $2.7M; book value per share up 39%
Revenue $59.4M (+6% YoY); first year life and A&H premiums up 15% to $5.2M.
Citizens restates prior financials for LDTI; OCI reduced $316.8M
Recorded $0.1M after-tax charge to retained earnings upon LDTI adoption, primarily from capping net premium ratios.
Citizens, Inc. Q2 net income rises to $6.1M from $2.5M; revenue up 9% to $58.5M
Net income $6.1M ($0.12 EPS) vs $2.5M ($0.05 EPS) YoY; revenue $58.5M up 9% from $53.7M.
Citizens, Inc. say-on-pay vote: 6.1M shares for annual frequency, company adopts annual vote
6,124,970 votes for annual frequency, 582,402 for triennial, 11,472 for biennial.
Citizens, Inc. Amends Code of Ethics, Reports Annual Meeting Results and Adjourns Say-on-Pay Vote
Board amended Insider Trading Policy to reduce corporate blackout period from two trading days to 24 hours after public release.
Citizens adjourns annual meeting on Say-on-Pay frequency vote to June 20
Shareholders voted on director election, auditor ratification, and advisory Say-on-Pay at June 6 meeting.
Citizens Q1 net income falls to $4.9M ($0.10/share) from $6.4M, revenues up 1% to $55.9M
Net income $4.9M ($0.10 diluted) vs $6.4M ($0.13) in Q1 2022, down 23%.
Citizens reports FY2022 net loss $6.6M; operating income up $8.3M ex one-time items
FY2022 net loss $6.6M ($0.13 diluted EPS) vs FY2021 net gain $36.8M ($0.73 diluted EPS); Q4 net income $3.4M ($0.07 EPS).
Citizens Q3 net loss $5.1M ($0.10/sh); adj op income $0.2M vs loss $4.9M
Net loss of $5.1M ($0.10 per share) vs net loss of $2.8M ($0.06) in Q3 2021.
Citizens Q2 net loss $3.5M ($0.07/sh) vs prior-year net income $5.0M; adj operating income $1.4M
Net loss of $3.5M vs net income of $5.0M YoY; adjusted operating income improved to $1.4M from $0.7M.
All eight director nominees elected with majority support; broker non-votes of 3,078,265 shares.
Citizens, Inc. authorizes $8 million share repurchase program
Board authorized up to $8M repurchase of Class A common stock; no set termination date.
Citizens Q1 2022 net loss narrows to $1.3M; renewal premiums up 2% YoY
Net loss $1.3M ($0.03 diluted) vs $3.6M loss ($0.07) in Q1 2021.
Citizens reports Q4 2021 net income $38.1M vs $1.5M YoY; updates governance guidelines
Q4 2021 net income $38.1M ($0.77/diluted share) vs $1.5M in Q4 2020; full year net income $36.8M vs $11.0M loss.
Citizens appoints Gerald W. Shields as permanent CEO effective Jan 1, 2022
Gerald Shields named CEO; had served as interim CEO since Aug 2020 and on board since 2017.
Citizens Q3 net loss $0.06/sh, revenue up 3%; hurricane Ida and COVID-19 delta hit results
Net loss per share $(0.06) improved $0.10 YoY; revenue $61.6M (+3%) on higher realized gains.
Citizens, Inc. approves up to $700k short-term incentive bonus for interim CEO Shields
Board approved STI opportunity up to $700k for Gerald W. Shields, interim CEO since Aug 2020.
Citizens reports Q2 2021 EPS of $0.10, up from $(0.02) loss YoY; revenue up 9%
Net income of $5.0M vs $(1.0M) loss a year ago; EPS of $0.10 per Class A share.
Citizens appoints three new board members with insurance, legal, and regulatory backgrounds
Cindy Davis, J. Keith Morgan, Mary Taylor elected to Board effective Aug 1, 2021; each granted $8,750 pro-rata RSU.
On April 2, 2025, Gerald W. Shields, former Chief Executive Officer and the only non-independent director of the Board of Directors ("Board") of Citizens, Inc. (the “Company”), submitted a written resignation from the Board contingent upon the Board accepting such resignation and selecting an effective date.
Gerald W. Shields, who has served as the Company’s Chief Executive Officer and Vice Chairman since 2020, will continue as Vice Chairman of the Company's Board of Directors.
On March 18, 2024, the Company announced that Jon Stenberg, age 58, has been appointed as President of the Company, reporting to Mr. Shields, until June 30, 2024
and will become the Chief Executive Officer on July 1, 2024
extended Mr. Shields’ term as Chief Executive Officer to June 30, 2024 in order to facilitate a smooth transition to a new Chief Executive Officer
Citizens, Inc. (“Citizens” or the “Company”) announced that its Board of Directors (the “Board”) has appointed Gerald W. Shields as Chief Executive Officer, effective January 1, 2022.
The Board of Directors (“Board”) of Citizens, Inc. (the “Company”) elected Cindy Davis, J. Keith Morgan and Mary Taylor to fill the three vacancies on the Board effective as of August 1, 2021.
The Board of Directors (“Board”) of Citizens, Inc. (the “Company”) elected Cindy Davis, J. Keith Morgan and Mary Taylor to fill the three vacancies on the Board effective as of August 1, 2021.
The Board of Directors (“Board”) of Citizens, Inc. (the “Company”) elected Cindy Davis, J. Keith Morgan and Mary Taylor to fill the three vacancies on the Board effective as of August 1, 2021.
Max materiality 0.75 · Median 0.65 · Most common event earnings