10-K · March 12, 2026
Citizens, Inc.'s 2025 Form 10-K emphasizes a shift to profitable growth via product expansion, distribution build-out and technology modernization; the company reported strong Q4 results (revenue $72,070,000; diluted…
Earnings analysis · 10-Q
CIA earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Citizens, Inc. reported Q1 2026 revenues of $59.7 million, representing a 7% increase year-over-year and a significant turnaround from a $1.8 million loss in the prior year to a $2.4 million profit this quarter, driven…
Read full summary
Citizens, Inc. reported Q1 2026 revenues of $59.7 million, representing a 7% increase year-over-year and a significant turnaround from a $1.8 million loss in the prior year to a $2.4 million profit this quarter, driven by improved investment performance. The company continues to see growth in its Domestic Insurance segment, although the International segment faced challenges with declining premium renewals.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.04
- Segment
- International Insurance: $25.2 million (decrease of $0.5M), Domestic Insurance: $14.74 million (increase of $2.9M)
What stood out
-
Revenue Increase
Q1 2026 revenue reached $59.7 million, up 7% year-over-year from $55.7 million.
-
Profitable Turnaround
Net income improved to $2.4 million from a loss of $1.8 million in Q1 2025.
-
Domestic Insurance Growth
Domestic Insurance revenue increased by $2.9 million to $14.74 million, up from $14.19 million.
-
Investment Recovery
Investment related gains improved to $984,000 from a loss of $2.9 million in Q1 2025.
-
Cash and Investments
Total cash and invested assets amounted to $1.44 billion, comprised of 88% fixed maturity securities.
-
Operating Expenses Increase
Operating expenses rose to $13.4 million, up from $12.7 million in Q1 2025, reflecting growth investment.
What to watch
-
Decreasing International Premiums
Direct premiums in the International segment decreased by $0.5 million to $25.2 million, affected by high levels of surrenders.
-
Investment Income Volatility
Net investment income of $17.3 million slightly decreased compared to $17.4 million the previous year.
-
High Surrender Rates
Surrender benefits have remained high, impacting liquidity and premium revenues.
Management's outlook
Management expects continued revenue growth due to operational improvements and a scalable business model.
Earlier filings 4
10-Q · August 7, 2025
Citizens, Inc. reported Q2 revenue of $65,086 (in thousands) versus $62,084 in Q2 2024 and delivered diluted EPS of $0.13 versus $0.08 a year ago. Operating profitability strengthened (income before tax $6,914 vs…
10-Q · May 8, 2025
Citizens, Inc. reported total revenues of $55,652,000 for the three months ended March 31, 2025, down from $57,712,000 in the prior-year quarter, and recorded a net loss of $1,623,000 (basic/diluted EPS $(0.03)) versus…
10-K · March 13, 2025
Citizens, Inc. (Citizens) reports a strategic shift since 2021 toward product and distribution-led growth; in 2024 the company issued a record $1.1 billion of insurance and ended the year with $5.2 billion of direct…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.