Citizens, Inc. (CIA) financial statements (2021 and earlier)

Company profile

Business Address 11815 ALTERRA PKWY
AUSTIN, TX 78758
State of Incorp. TX
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56646846368351
Cash and cash equivalents34464546368351
Short-term investments221723 10 
Total current assets:56646846368351
Noncurrent Assets
Operating lease, right-of-use asset12 
Property, plant and equipment16667866
Long-term investments and receivables1,5171,3781,2311,2091,129996932
Long-term investments1,5171,3781,2311,2091,129996932
Intangible assets, net (including goodwill) 131414181818
Goodwill 131313171717
Intangible assets, net (excluding goodwill)  11111
Total noncurrent assets:1,5451,3971,2511,2291,1551,020957
Other undisclosed assets242285297370393381410
TOTAL ASSETS:1,8431,7451,6161,6441,5841,4841,418
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities44454193817179
Taxes payable44454193817179
Total current liabilities:44454193817179
Noncurrent Liabilities
Liabilities, other than long-term debt10    4(63)
Deferred tax liabilities, net    (66)
Deferred income tax liabilities10 
Liability for uncertainty in income taxes     43
Total noncurrent liabilities:10    4(63)
Other undisclosed liabilities1,4891,4401,3871,3281,2531,1671,144
Total liabilities:1,5421,4851,4281,4211,3351,2421,159
Stockholders' equity
Stockholders' equity attributable to parent, including:301260188224249243258
Treasury stock, value(11)(11)(11)(11)(11)(11)(11)
Accumulated other comprehensive income12877526141426
Accumulated deficit(82)(71)(70)(54)(16)(23)(19)
Other undisclosed stockholders' equity attributable to parent266265263263263263263
Total stockholders' equity:301260188224249243258
TOTAL LIABILITIES AND EQUITY:1,8431,7451,6161,6441,5841,4841,418

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues239251244253245236230
Premiums earned, net175184188
Net investment income60605453494641
Financial services revenue198198194189
Cost of revenue(186)(184)(182)(197)(195)(193)(277)
Policyholder benefits and claims incurred, net(157)(155)(145)
Liability for future policy benefits, period expense (income)      (83)
Deferred policy acquisition costs, amortization expense(27)(28)(34)(30)(29)(23)(21)
Financial services costs(165)(164)(168)(161)
Gross profit:536662565143(47)
Operating expenses(86)(83)(83)(88)(78)(77)(81)
Operating loss:(33)(17)(21)(32)(27)(34)(128)
Nonoperating income
(Investment Income, Nonoperating)
      2
Other undisclosed income from continuing operations before equity method investments, income taxes202223293331123
Income (loss) from continuing operations before income taxes:(12)62(3)5(3)(3)
Income tax expense (benefit)1(7)(13)(35)(4)(1)(4)
Net income (loss) available to common stockholders, diluted:(11)(1)(11)(38)2(4)(7)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(11)(1)(11)(38)2(4)(7)
Other comprehensive income (loss)4977(38)130(12)19
Comprehensive income (loss):3876(49)(26)2(16)13
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(5)13    
Comprehensive income (loss), net of tax, attributable to parent:4070(36)(26)2(16)13

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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