NYSE : CIA
Citizens, Inc. — Financial statements
Financials · Insurance - Life · United States
Last price 3.62 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 183.33M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 176.83M | 176.37M | 173.33M | 167.04M | 173.71M | 174.73M |
| Total Interest & Dividend Income | 71.83M | 72.04M | 69.71M | 69.25M | 65.43M | 61.49M |
| Gain (Loss) on Sale of Investments | 116.00K | 140.00K | -2.63M | 760.00K | -10.29M | 10.99M |
| Other Revenue | 6.24M | 7.07M | 4.59M | 3.63M | 3.67M | 3.33M |
| Total Revenue | 255.01M | 255.62M | 245.00M | 240.68M | 232.52M | 250.55M |
| Policy Benefits | 159.36M | 158.29M | 151.91M | 140.37M | 133.64M | 137.12M |
| Policy Acquisition & Underwriting Costs | 27.11M | 26.81M | 25.85M | 27.00M | 26.33M | 26.93M |
| Selling, General & Administrative | 54.35M | 53.04M | 52.27M | 47.13M | 45.18M | 43.37M |
| Total Operating Expenses | 240.82M | 238.15M | 230.02M | 214.51M | 205.15M | 207.42M |
| Operating Income | 14.19M | 17.47M | 14.98M | 26.17M | 27.38M | 43.13M |
| EBT Excluding Unusual Items | 14.19M | 17.47M | 14.98M | 26.17M | 27.38M | 43.13M |
| Impairment of Goodwill | -12.62M | |||||
| Pretax Income | 14.19M | 17.47M | 14.98M | 26.17M | 27.38M | 30.50M |
| Income Tax Expense | 2.59M | 2.88M | 68.00K | 1.74M | 1.37M | -42.20M |
| Net Income | 11.60M | 14.59M | 14.91M | 24.44M | 26.01M | 72.71M |
| Net Income to Common | 11.60M | 14.59M | 14.91M | 24.44M | 26.01M | 72.71M |
| Shares Outstanding (Basic) | 50.35M | 50.15M | 49.74M | 49.70M | 50.14M | 49.97M |
| Shares Outstanding (Diluted) | 51.86M | 51.46M | 50.75M | 50.68M | 50.87M | 50.65M |
| EPS (Basic) | 0.23 | 0.29 | 0.30 | 0.49 | 0.52 | 1.45 |
| EPS (Diluted) | 0.22 | 0.28 | 0.29 | 0.48 | 0.51 | 1.44 |
| Free Cash Flow | 14.97M | 17.54M | 31.25M | 21.61M | 56.82M | 39.45M |
| Free Cash Flow Per Share | 0.29 | 0.34 | 0.62 | 0.43 | 1.12 | 0.78 |
| Operating Margin | 5.56% | 6.83% | 6.11% | 10.88% | 11.77% | 17.21% |
| Profit Margin | 4.55% | 5.71% | 6.09% | 10.15% | 11.19% | 29.02% |
| Free Cash Flow Margin | 5.87% | 6.86% | 12.76% | 8.98% | 24.44% | 15.75% |
| EBITDA | 14.94M | 18.21M | 15.60M | 26.69M | 27.91M | 44.27M |
| EBITDA Margin | 5.86% | 7.12% | 6.37% | 11.09% | 12.00% | 17.67% |
| D&A For EBITDA | 749.00K | 741.00K | 619.00K | 515.00K | 536.00K | 1.14M |
| EBIT | 14.19M | 17.47M | 14.98M | 26.17M | 27.38M | 43.13M |
| EBIT Margin | 5.56% | 6.83% | 6.11% | 10.88% | 11.77% | 17.21% |
| Effective Tax Rate | 18.25% | 16.48% | 0.45% | 6.64% | 5.00% | |
| Revenue as Reported | 255.01M | 255.62M | 245.00M | 240.68M | 232.52M | 250.55M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 1.28B | 1.29B | 1.22B | 1.24B | 1.18B | 1.47B |
| Investments in Equity & Preferred Securities | 81.65M | 83.95M | 98.78M | 87.74M | 80.88M | 70.88M |
| Policy Loans | 66.15M | 67.45M | 71.22M | 75.36M | 78.77M | 80.31M |
| Other Investments | 2.62M | 2.62M | 55.00K | 21.00K | 1.26M | 21.00K |
| Total Investments | 1.43B | 1.44B | 1.39B | 1.40B | 1.34B | 1.62B |
| Cash & Equivalents | 15.41M | 21.42M | 27.72M | 27.00M | 22.97M | 27.29M |
| Reinsurance Recoverable | 15.18M | 10.87M | 6.94M | 3.99M | 4.56M | 5.54M |
| Other Receivables | 30.51M | 30.25M | 29.41M | 30.17M | 29.56M | 27.71M |
| Deferred Policy Acquisition Cost | 229.20M | 220.54M | 199.63M | 175.77M | 162.93M | 140.38M |
| Property, Plant & Equipment | 9.17M | 9.84M | 10.57M | 11.81M | 12.93M | 14.07M |
| Restricted Cash | 1.55M | 1.55M | 1.55M | |||
| Other Long-Term Assets | 18.57M | 18.39M | 18.47M | 18.05M | 17.17M | 16.54M |
| Total Assets | 1.75B | 1.75B | 1.69B | 1.67B | 1.59B | 1.85B |
| Accrued Expenses | 4.81M | 4.19M | 4.55M | 3.44M | 1.97M | 2.29M |
| Insurance & Annuity Liabilities | 1.43B | 1.42B | 1.38B | 1.42B | 1.37B | 1.43B |
| Unpaid Claims | 10.05M | 8.77M | 8.82M | 6.64M | 9.88M | 14.59M |
| Unearned Premiums | 29.20M | 29.05M | 31.18M | 32.45M | 36.38M | 40.69M |
| Current Portion of Leases | 1.60M | |||||
| Long-Term Leases | 5.76M | |||||
| Long-Term Deferred Tax Liabilities | 5.04M | 6.00M | 3.44M | 1.10M | 3.65M | 15.46M |
| Other Long-Term Liabilities | 39.85M | 40.10M | 48.86M | 37.49M | 41.02M | 28.78M |
| Total Liabilities | 1.52B | 1.52B | 1.47B | 1.50B | 1.46B | 1.53B |
| Common Stock | 276.49M | 275.48M | 272.98M | 271.86M | 271.33M | 268.75M |
| Retained Earnings | 73.50M | 71.65M | 57.06M | 42.15M | 16.31M | -45.56M |
| Treasury Stock | -23.73M | -23.73M | -23.73M | -23.73M | -22.81M | -20.10M |
| Comprehensive Income & Other | -91.09M | -88.42M | -95.97M | -118.16M | -137.04M | 117.49M |
| Shareholders' Equity | 235.16M | 234.99M | 210.35M | 172.13M | 127.79M | 320.57M |
| Total Liabilities & Equity | 1.75B | 1.75B | 1.69B | 1.67B | 1.59B | 1.85B |
| Filing Date Shares Outstanding | 50.64M | 50.30M | 49.91M | 49.57M | 49.84M | 49.03M |
| Total Common Shares Outstanding | 50.64M | 50.30M | 49.91M | 49.55M | 49.82M | 50.03M |
| Total Debt | 7.36M | |||||
| Net Cash (Debt) | 15.41M | 14.06M | 27.72M | 27.00M | 22.97M | 27.29M |
| Net Cash Per Share | 0.30 | 0.27 | 0.55 | 0.53 | 0.45 | 0.54 |
| Book Value Per Share | 4.64 | 4.67 | 4.21 | 3.47 | 2.56 | 6.41 |
| Tangible Book Value | 235.16M | 234.99M | 210.35M | 172.13M | 127.79M | 320.57M |
| Tangible Book Value Per Share | 4.64 | 4.67 | 4.21 | 3.47 | 2.56 | 6.41 |
| Buildings | 3.99M | 4.00M | 3.98M | 3.98M | 3.98M | |
| Machinery | 7.83M | 7.40M | 9.19M | 8.75M | 8.65M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 11.60M | 14.59M | 14.91M | 24.44M | 26.01M | 72.71M |
| Depreciation & Amortization | 749.00K | 741.00K | 619.00K | 515.00K | 536.00K | 1.14M |
| Other Amortization | 605.00K | 451.00K | 597.00K | 604.00K | 621.00K | 757.00K |
| Gain (Loss) on Sale of Investments | 3.87M | 4.30M | 7.74M | 4.18M | 14.53M | -5.42M |
| Stock-Based Compensation | 1.99M | 2.77M | 1.52M | 588.00K | 461.00K | 646.00K |
| Change in Accounts Receivable | 767.00K | 422.00K | -457.00K | 565.00K | -1.08M | 561.00K |
| Reinsurance Recoverable | -5.79M | -3.93M | -2.95M | 569.00K | 979.00K | 214.00K |
| Change in Income Taxes | 142.00K | -476.00K | 1.40M | -922.00K | 161.00K | -44.68M |
| Change in Insurance Reserves / Liabilities | 28.00M | 21.23M | 22.05M | 6.26M | 12.25M | 24.14M |
| Change in Other Net Operating Assets | -7.71M | -2.67M | 12.15M | -2.76M | 11.04M | -14.63M |
| Other Operating Activities | -18.74M | -19.43M | -25.67M | -11.98M | -8.59M | -7.59M |
| Operating Cash Flow | 15.49M | 17.99M | 31.92M | 22.06M | 56.92M | 40.45M |
| Capital Expenditures | -525.00K | -447.00K | -663.00K | -442.00K | -100.00K | -1.01M |
| Sale of Property, Plant & Equipment | 14.00K | |||||
| Investment in Securities | -22.46M | -23.00M | -30.66M | -17.48M | -63.27M | -42.10M |
| Investing Cash Flow | -19.47M | -19.67M | -27.17M | -14.50M | -60.74M | -41.08M |
| Issuance of Common Stock | 2.24M | 2.25M | ||||
| Repurchases of Common Stock | -6.00K | -278.00K | -393.00K | -979.00K | -2.71M | -9.09M |
| Other Financing Activities | -118.00K | -456.00K | ||||
| Financing Cash Flow | -1.73M | -4.61M | -2.47M | -3.54M | -499.00K | -6.21M |
| Net Cash Flow | -5.71M | -6.29M | 2.27M | 4.02M | -4.32M | -6.84M |
| Free Cash Flow | 14.97M | 17.54M | 31.25M | 21.61M | 56.82M | 39.45M |
| Free Cash Flow Margin | 5.87% | 6.86% | 12.76% | 8.98% | 24.44% | 15.75% |
| Free Cash Flow Per Share | 0.29 | 0.34 | 0.62 | 0.43 | 1.12 | 0.78 |
| Levered Free Cash Flow | 9.61M | 10.72M | 12.51M | 16.41M | 11.09M | -9.87M |
| Unlevered Free Cash Flow | 9.61M | 10.72M | 12.51M | 16.41M | 11.09M | -9.87M |
| Cash Income Tax Paid | 1.90M | 1.90M | 500.00K | 1.80M | 300.00K | 1.20M |
| Change in Working Capital | 15.42M | 14.57M | 32.20M | 3.71M | 23.35M | -34.40M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 188.39M | 242.93M | 200.13M | 133.30M | 106.51M | 264.38M |
| Enterprise Value | 172.99M | 221.36M | 167.74M | 116.51M | 85.50M | 234.29M |
| PE Ratio | 16.94 | 16.65 | 13.42 | 5.46 | 4.09 | 3.64 |
| PS Ratio | 0.74 | 0.95 | 0.82 | 0.55 | 0.46 | 1.05 |
| PB Ratio | 0.80 | 1.03 | 0.95 | 0.77 | 0.83 | 0.82 |
| P/FCF Ratio | 12.59 | 13.85 | 6.40 | 6.17 | 1.88 | 6.70 |
| P/OCF Ratio | 12.16 | 13.51 | 6.27 | 6.04 | 1.87 | 6.54 |
| EV/Sales Ratio | 0.68 | 0.87 | 0.69 | 0.48 | 0.37 | 0.94 |
| EV/EBITDA Ratio | 11.58 | 12.16 | 10.75 | 4.37 | 3.06 | 5.29 |
| EV/EBIT Ratio | 12.19 | 12.67 | 11.20 | 4.45 | 3.12 | 5.43 |
| EV/FCF Ratio | 11.56 | 12.62 | 5.37 | 5.39 | 1.50 | 5.94 |
| Debt / Equity Ratio | 0.03 | |||||
| Debt / EBITDA Ratio | 0.40 | |||||
| Debt / FCF Ratio | 0.42 | |||||
| Net Debt / Equity Ratio | -0.07 | -0.06 | -0.13 | -0.16 | -0.18 | -0.09 |
| Net Debt / EBITDA Ratio | -1.03 | -0.77 | -1.78 | -1.01 | -0.82 | -0.62 |
| Net Debt / FCF Ratio | -1.03 | -0.80 | -0.89 | -1.25 | -0.40 | -0.69 |
| Quick Ratio | 0.27 | 0.35 | 0.43 | 0.46 | 0.41 | 0.41 |
| Current Ratio | 0.64 | 0.68 | 0.71 | 0.70 | 0.65 | 0.64 |
| Asset Turnover | 0.15 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 |
| Return on Equity (ROE) | 5.00% | 6.55% | 7.80% | 16.30% | 11.60% | 23.40% |
| Return on Assets (ROA) | 0.51% | 0.64% | 0.56% | 1.00% | 0.99% | 1.46% |
| Return on Invested Capital (ROIC) | 4.90% | 6.45% | 7.80% | 16.30% | 11.60% | 13.88% |
| Earnings Yield | 5.90% | 6.01% | 7.45% | 18.33% | 24.42% | 27.50% |
| FCF Yield | 7.94% | 7.22% | 15.62% | 16.21% | 53.35% | 14.92% |
| Buyback Yield / Dilution | -2.08% | -1.40% | -0.13% | 0.37% | -0.44% | 0.58% |