In the Q3, Citizens Inc 's corporate clients experienced a reduction by -2.21 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 10.79 %. During the corresponding time, Citizens Inc recorded a revenue increase by 3.55 % year on year, sequentially revenue grew by 7.66 %. While revenue at the Citizens Inc 's corporate clients recorded rose by 6.22 % year on year, sequentially revenue fell by -1.64 %.
Customers of Citizens Inc saw their costs of revenue decrease by -2.21 % in Q3 compare to a year ago, sequentially costs of revenue grew by 10.79 %, for the same period Citizens Inc recorded revenue increase by 3.55 % year on year, sequentially revenue grew by 7.66 %.
Citizens Inc's Comment on Sales, Marketing and Customers
The company primarily serves lower-income individuals in the life insurance and accident and health insurance markets. Its revenues are mainly derived from life insurance premiums and investment income. The Domestic Insurance segment grew due to sales of new products and expanded distribution, while the International Insurance segment was affected by matured endowments and high surrender rates. The company also operates a CLOA final expense business related to a reinsurance agreement with RGA. Its investment portfolio includes fixed maturity securities, equity securities, policy loans, and other long-term investments.
Citizens Inc’s Comment on Sales, Marketing and Customers
The company primarily serves lower-income individuals in the life insurance and accident and health insurance markets. Its revenues are mainly derived from life insurance premiums and investment income. The Domestic Insurance segment grew due to sales of new products and expanded distribution, while the International Insurance segment was affected by matured endowments and high surrender rates. The company also operates a CLOA final expense business related to a reinsurance agreement with RGA. Its investment portfolio includes fixed maturity securities, equity securities, policy loans, and other long-term investments.
Sources:
Citizens Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Citizens Inc’s corporate clients.
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