Citizens, Inc. (CIA) financial statements (2022 and earlier)

Company profile

Business Address 11815 ALTERRA PKWY
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42566468463683
Cash and cash equivalents27344645463683
Short-term investments15221723 10
Receivables1      
Total current assets:43566468463683
Noncurrent Assets
Operating lease, right-of-use asset 12 
Property, plant and equipment141666786
Long-term investments and receivables1,5281,5171,3781,2311,2091,129996
Long-term investments1,5281,5171,3781,2311,2091,129996
Intangible assets, net (including goodwill)  1314141818
Goodwill  1313131717
Intangible assets, net (excluding goodwill)   1111
Total noncurrent assets:1,5421,5451,3971,2511,2291,1551,020
Other undisclosed assets270242285297370393381
TOTAL ASSETS:1,8551,8431,7451,6161,6441,5841,484
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 444541938171
Taxes payable 444541938171
Total current liabilities: 444541938171
Noncurrent Liabilities
Liabilities, other than long-term debt1510    4
Deferred income tax liabilities1510 
Liability for uncertainty in income taxes      4
Total noncurrent liabilities:1510    4
Other undisclosed liabilities1,5181,4891,4401,3871,3281,2531,167
Total liabilities:1,5341,5421,4851,4281,4211,3351,242
Stockholders' equity
Stockholders' equity attributable to parent, including:321301260188224249243
Treasury stock, value(20)(11)(11)(11)(11)(11)(11)
Accumulated other comprehensive income117128775261414
Accumulated deficit(46)(82)(71)(70)(54)(16)(23)
Other undisclosed stockholders' equity attributable to parent269266265263263263263
Total stockholders' equity:321301260188224249243
TOTAL LIABILITIES AND EQUITY:1,8551,8431,7451,6161,6441,5841,484

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues251239251244253245236
Premiums earned, net175175184188
Net investment income61606054534946
Financial services revenue198198194
Cost of revenue(189)(186)(184)(182)(197)(195)(193)
Policyholder benefits and claims incurred, net(162)(157)(155)(145)
Deferred policy acquisition costs, amortization expense(25)(27)(28)(34)(30)(29)(23)
Financial services costs(165)(164)(168)
Gross profit:62536662565143
Operating expenses(91)(86)(83)(83)(88)(78)(77)
Operating loss:(29)(33)(17)(21)(32)(27)(34)
Other undisclosed income from continuing operations before equity method investments, income taxes 202223293331
Income (loss) from continuing operations before equity method investments, income taxes:(29)(12)62(3)5(3)
Other undisclosed income from continuing operations before income taxes23      
Income (loss) from continuing operations before income taxes:(7)(12)62(3)5(3)
Income tax expense (benefit)431(7)(13)(35)(4)(1)
Net income (loss) available to common stockholders, diluted:37(11)(1)(11)(38)2(4)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):37(11)(1)(11)(38)2(4)
Other comprehensive income (loss)04977(38)130(12)
Comprehensive income (loss):373876(49)(26)2(16)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(11)2(5)13   
Comprehensive income (loss), net of tax, attributable to parent:264070(36)(26)2(16)

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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