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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64684636835155
Cash and cash equivalents46454636835155
Short-term investments1723 10  
Total current assets:64684636835155
Noncurrent Assets
Property, plant and equipment6678667
Long-term investments and receivables1,3781,2311,2091,129996932833
Long-term investments1,3781,2311,2091,129996932833
Intangible assets, net (including goodwill)13141418181817
Goodwill13131317171717
Intangible assets, net (excluding goodwill) 11111 
Total noncurrent assets:1,3971,2511,2291,1551,020957857
Other undisclosed assets285297370393381410305
TOTAL ASSETS:1,7451,6161,6441,5841,4841,4181,216
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4541938171791
Taxes payable4541938171791
Total current liabilities:4541938171791
Noncurrent Liabilities
Liabilities, other than long-term debt    4(63)2
Deferred tax liabilities, net    (66)2
Liability for uncertainty in income taxes    43 
Total noncurrent liabilities:    4(63)2
Other undisclosed liabilities1,4401,3871,3281,2531,1671,144968
Total liabilities:1,4851,4281,4211,3351,2421,159970
Stockholders' equity
Stockholders' equity attributable to parent, including:260188224249243258246
Treasury stock, value(11)(11)(11)(11)(11)(11)(11)
Accumulated other comprehensive income775261414267
Accumulated deficit(71)(70)(54)(16)(23)(19)(13)
Other undisclosed stockholders' equity attributable to parent265263263263263263263
Total stockholders' equity:260188224249243258246
TOTAL LIABILITIES AND EQUITY:1,7451,6161,6441,5841,4841,4181,216

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues251244253245236230214
Premiums earned, net184188
Net investment income60545349464137
Financial services revenue198198194189176
Cost of revenue(184)(182)(197)(195)(193)(277)(148)
Policyholder benefits and claims incurred, net(155)(145)
Liability for future policy benefits, period expense (income)     (83)74
Deferred policy acquisition costs, amortization expense(28)(34)(30)(29)(23)(21)19
Financial services costs(165)(164)(168)(161)(148)
Gross profit:6662565143(47)66
Operating expenses(83)(83)(88)(78)(77)(81)(27)
Operating income (loss):(17)(21)(32)(27)(34)(128)39
Nonoperating income
(Investment Income, Nonoperating)
     22
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2223293331123(34)
Income (loss) from continuing operations before income taxes:62(3)5(3)(3)7
Income tax expense(7)(13)(35)(4)(1)(4)(2)
Net income (loss) available to common stockholders, diluted:(1)(11)(38)2(4)(7)5

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1)(11)(38)2(4)(7)5
Other comprehensive income (loss)77(38)130(12)19 
Comprehensive income (loss):76(49)(26)2(16)135
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)13    (22)
Comprehensive income (loss), net of tax, attributable to parent:70(36)(26)2(16)13(17)

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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