Citizens, Inc. (CIA) financial statements (2020 and earlier)

Company profile

Business Address 2900 ESPERANZA CROSSING
AUSTIN, TX 78758
State of Incorp. CO
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64655358688479
Cash and cash equivalents46473534456963
Short-term investments17181824231615
Total current assets:64655358688479
Noncurrent Assets
Property, plant and equipment6777666
Long-term investments and receivables1,3781,3701,3411,2961,2311,2001,191
Long-term investments1,3781,3701,3411,2961,2311,2001,191
Intangible assets, net (including goodwill)13141414141414
Goodwill13131313131313
Intangible assets, net (excluding goodwill) 111111
Total noncurrent assets:1,3971,3901,3621,3161,2511,2201,211
Other undisclosed assets285283287292297298363
TOTAL ASSETS:1,7451,7381,7021,6661,6161,6021,653
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities45484847414897
Taxes payable45484847414897
Total current liabilities:45484847414897
Noncurrent Liabilities
Other undisclosed liabilities1,4401,4291,4171,4071,3871,3741,358
Total liabilities:1,4851,4771,4661,4541,4281,4211,455
Stockholders' equity
Stockholders' equity attributable to parent, including:260261236212188181197
Treasury stock, value(11)(11)(11)(11)(11)(11)(11)
Accumulated other comprehensive income77846132557
Accumulated deficit(71)(76)(78)(73)(70)(76)(61)
Other undisclosed stockholders' equity attributable to parent265265264264263263263
Total stockholders' equity:260261236212188181197
TOTAL LIABILITIES AND EQUITY:1,7451,7381,7021,6661,6161,6021,653

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues70615762666160
Premiums earned, net524644425047 
Net investment income15151514131414
Financial services revenue46
Cost of revenue(51)(45)(45)(43)(50)(40)(46)
Policyholder benefits and claims incurred, net(43)(37)(38)(37)(41)(28) 
Deferred policy acquisition costs, amortization expense(7)(8)(7)(6)(8)(11)(7)
Financial services costs(39)
Gross profit:19171219152113
Operating expenses(19)(21)(20)(15)(49)(12)(14)
Operating income (loss):0(4)(9)4(34)9(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes576(2)32(3)(3)
Income (loss) from continuing operations before income taxes:52(3)2(2)6(4)
Income tax expense (benefit)0(0)(1)(6)8(20)2
Net income (loss) available to common stockholders, diluted:52(5)(4)6(15)(3)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):52(5)(4)6(15)(3)
Other comprehensive income (loss)(1)232927(12)(2)(10)
Comprehensive income (loss):3252423(6)(17)(12)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)   13  
Comprehensive income (loss), net of tax, attributable to parent:(2)2524237(17)(12)

Statements sources

The financial statements are based on the company's filings with the 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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