Citizens, Inc. (CIA) Financial Statements (2024 and earlier)

Company Profile

Business Address 11815 ALTERRA PKWY
AUSTIN, TX 78758
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 6311 - Life Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments32,87332,06724,21434,03735,11835,200
Cash and cash equivalents20,91418,92422,97321,00722,40721,298
Short-term investments11,95913,1431,24113,03012,71113,902
Receivables 1,562 601 1,016589
Total current assets:34,43532,06724,81534,03736,13435,789
Noncurrent Assets
Property, plant and equipment12,18812,59212,92613,31013,68914,088
Long-term investments and receivables77,26272,2541,249,17762,71766,00263,927
Long-term investments77,26272,2541,249,17762,71766,00263,927
Deferred income tax assets   2,4143,273  
Total noncurrent assets:89,45084,8461,264,51779,30079,69178,015
Other undisclosed assets1,500,1091,521,568280,6381,427,6131,503,1201,619,157
TOTAL ASSETS:1,623,9941,638,4811,569,9701,540,9501,618,9451,732,961
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 537 938  
Taxes payable469
Accrued liabilities 537 469  
Total current liabilities: 537 938  
Noncurrent Liabilities
Liabilities, other than long-term debt4,7365,775  1,8936,577
Deferred income tax liabilities4,7365,775  1,8936,577
Total noncurrent liabilities:4,7365,775  1,8936,577
Other undisclosed liabilities1,472,4121,477,8781,568,9271,554,2401,540,8131,529,482
Total liabilities:1,477,1481,484,1901,568,9271,555,1781,542,7061,536,059
Equity
Equity, attributable to parent, including:146,846154,2911,043(14,228)76,239196,902
Treasury stock, value(23,525)(22,806)(22,806)(22,284)(21,401)(20,101)
Accumulated other comprehensive loss(128,363)(115,465)(195,279)(207,539)(122,948)(6,725)
Retained earnings (accumulated deficit)27,30721,181(52,203)(55,577)(50,446)(46,898)
Other undisclosed equity, attributable to parent271,427271,381271,331271,172271,034270,626
Total equity:146,846154,2911,043(14,228)76,239196,902
TOTAL LIABILITIES AND EQUITY:1,623,9941,638,4811,569,9701,540,9501,618,9451,732,961

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues58,52755,91467,25756,17653,73455,357
Premiums earned, net39,72638,24948,25143,87542,22439,364
Net investment income17,24117,07417,44316,60415,89215,487
Cost of revenue(37,876)(35,123)(49,893)(46,566)(44,223)(42,409)
Policyholder benefits and claims incurred, net(34,049)(31,309)(42,034)(39,208)(37,990)(36,356)
Deferred policy acquisition costs, amortization expense(3,674)(3,814)(7,660)(7,082)(5,970)(5,817)
Gross profit:20,65120,79117,3649,6109,51112,948
Operating expenses(21,151)(20,273)(22,603)(20,907)(19,277)(18,796)
Operating income (loss):(500)518(5,239)(11,297)(9,766)(5,848)
Income (loss) from continuing operations before equity method investments, income taxes:(500)518(5,239)(11,297)(9,766)(5,848)
Other undisclosed income from continuing operations before income taxes6,5446,1977,5626,5106,1374,874
Income (loss) from continuing operations before income taxes:6,0446,7152,323(4,787)(3,629)(974)
Income tax expense (benefit)82(1,843)1,051(344)81(359)
Income (loss) from continuing operations:6,1264,8723,374(5,131)(3,548)(1,333)
Loss before gain (loss) on sale of properties:(5,131)(3,548)(1,333)
Net income (loss) available to common stockholders, diluted:6,1264,8723,374(5,131)(3,548)(1,333)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):6,1264,8723,374(5,131)(3,548)(1,333)
Other comprehensive income (loss)(14,155)43,474(27,504)(84,591)(116,223)(124,217)
Comprehensive income (loss):(8,029)48,346(24,130)(89,722)(119,771)(125,550)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,257(21,895)39,764   
Comprehensive income (loss), net of tax, attributable to parent:(6,772)26,45115,634(89,722)(119,771)(125,550)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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