CITIZENS, INC. — fact timeline

CITIZENS, INC. reported first quarter ended March 31, 2026 results: revenue $59.7 million, net income $2.3 million, EPS $0.04 income per fully diluted Class A share.

“Total revenues of $59.7 million in Q1 2026, up 7% from $55.7 million in the year-ago quarter.”

Gerald W. Shields resigned as Director at CITIZENS, INC..

“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 changed role as Chief Executive Officer at CITIZENS, INC..

“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.”

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.

“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.”

CITIZENS, INC. incurred credit facility of $20,000,000 senior secured revolving credit facility with Regions Bank maturing May 5, 2027.

“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”

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).

“On May 3, 2024, Citizens, Inc. (the “Company”) entered into the First Amendment to Credit Agreement with Regions Bank (the “Lender”)”

Gerald W. Shields departed as Chief Executive Officer at CITIZENS, INC..

“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”

Jon Stenberg was appointed as Chief Executive Officer at CITIZENS, INC..

“and will become the Chief Executive Officer on July 1, 2024”

Jon Stenberg was appointed as President at CITIZENS, INC..

“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”

CITIZENS, INC. reported the fiscal year ended December 31, 2023 results: revenue $240.7 million, net income $24.4 million, EPS $0.48 per fully diluted Class A share. Guidance initiated.

“drive sustainable, long-term growth and profitability on behalf of our investors,” concluded Shields. Fourth Quarter and Full Year 2023 Financial Highlights • Total revenues of $240.7 million in the full year 2023 compared to $232.5 million in the full year 2022. Total revenues of $66.8 million in Q4 2023, from $67.3 million in the year-ago quarter. • First year life”

CITIZENS, INC. reported the fourth quarter ended December 31, 2023 results: revenue $66.8 million, net income $10.7 million, EPS $0.21 per share. Guidance initiated.

“Quarter and Full Year 2023 Financial Highlights • Total revenues of $240.7 million in the full year 2023 compared to $232.5 million in the full year 2022. Total revenues of $66.8 million in Q4 2023, from $67.3 million in the year-ago quarter. • First year life and A&H premiums increased 4% in Q4 2023, the fifth consecutive quarter of year-over-year growth in”