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Citizens Inc   (CIA)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 
Price: $2.8700 $0.04 1.413%
Day's High: $2.98 Week Perf: -4.01 %
Day's Low: $ 2.76 30 Day Perf: 37.98 %
Volume (M): 63 52 Wk High: $ 3.69
Volume (M$): $ 180 52 Wk Avg: $2.72
Open: $2.81 52 Wk Low: $1.78



 Market Capitalization (Millions $) 145
 Shares Outstanding (Millions) 50
 Employees 620
 Revenues (TTM) (Millions $) 242
 Net Income (TTM) (Millions $) 24
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) 0

Citizens Inc
Citizens, Inc. (“Citizens”) is an insurance holding company incorporated in Colorado serving the life insurance needs of individuals in the United States since 1969 and internationally since 1975. Through our insurance subsidiaries, we pursue a strategy of offering traditional insurance products in niche markets where we believe we are able to achieve competitive advantages. Our core insurance operations include issuing and servicing:

U.S. Dollar-denominated ordinary whole life insurance and endowment policies predominantly sold to foreign residents, located principally in Latin America and the Pacific Rim, through independent marketing consultants;
ordinary whole life insurance policies to middle income households concentrated in the Midwest, Mountain West and southern United States through independent marketing consultants; and
final expense and limited liability property policies to middle and lower income households in Louisiana, Mississippi and Arkansas through employee and independent agents in our home service distribution channel and funeral homes

We were formed in 1969 by our founder, Harold E. Riley. Prior to our formation, Mr. Riley had many years of experience in the international and domestic life insurance business. Historically, our Company has experienced growth through acquisitions in the domestic market and through organic market expansion in the international market. We strive to generate bottom line return using knowledge of our niche markets and our well-established distribution channels.

The Companys Board of Directors and executive management team are currently assessing the Companys business model and business strategies with the assistance and support of external consultants and advisors. Specifically, we are evaluating certain elements and assumptions underlying the Companys historical business model to consider potential changes to align with our risk profile, the current economic and regulatory environment and sustainable business objectives. Incorporated in our business model review are analyses of (1) our products and profitability; (2) a potential restructuring of our international business and operations; (3) potential upgrades to our technology systems and operations with a strategic focus on cyber risk and our future business needs; and (4) potential changes in our executive management structure, personnel needs and compensation incentives.

A prolonged low interest rate period has forced us to revisit the benefits and dividends included under many policies offered internationally. In many cases, policy holders stand to benefit from significantly higher guarantees and dividends than the financial markets might otherwise offer. As such, the Company has responded to cut discretionary dividends on existing policies and revisit the structure of new policies sold internationally to better reflect the prolonged low interest rate environment that we face.

The Company also is revisiting its investment strategies for premiums received in order to augment its rate of return. By combining more conservative interest rate features in our insurance policies with a more flexible investment strategy to manage our investment portfolio, we intend to grow bottom line returns to shareholders. There is risk that these changes will result in lower demand for new policies, or that the financial markets will make our investment strategy more difficult. Despite the risks, the Company believes that such moves are in the best interest of our shareholders.

Our three business segments: Life Insurance, Home Service and Other Non-Insurance Enterprises.

Our Life Insurance segment issues ordinary whole life insurance in the United States and in U.S. Dollar-denominated amounts to foreign residents. These contracts are designed to provide a fixed amount of insurance coverage over the life of the insured and can utilize rider benefits to provide additional increasing or decreasing coverage and annuity benefits to enhance accumulations.

Our domestic Home Service segment operates in this market through our subsidiaries Security Plan Life Insurance Company ("SPLIC"), Magnolia Guaranty Life Insurance Company ("MGLIC") and Security Plan Fire Insurance Company ("SPFIC"), and focuses on the life insurance needs of the middle and lower income markets, primarily in Louisiana, Mississippi and Arkansas.



   Company Address: 11815 Alterra Pkwy, Floor 15 Austin 78758 TX
   Company Phone Number: 837-7100   Stock Exchange / Ticker: NYSE CIA
   


Customers Net Income fell by CIA's Customers Net Profit Margin fell to

-5.34 %

16.17 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GNW   -2.81%    
LNC        1.7% 
MET   -3.33%    
NWLI        0.08% 
PRU   -1.67%    
VOYA   -0.5%    
• View Complete Report
   



Citizens Inc

Despite Declining Profits, Citizens Inc Sees Remarkable Revenue Growth in Q1 FY 2024


As a longtime investor in the thriving financial sector, I understand the importance of scrutinizing every detail of a company's financial results to make informed decisions. Today, I will be analyzing the fiscal first-quarter results of Citizens Inc, a prominent Life Insurance company. Despite facing declining earnings per share (EPS), the company successfully achieved substantial revenue growth and made strategic efforts to improve sales.
In the fiscal first quarter of 2024, Citizens Inc reported a commendable 3.216% increase in revenue, reaching $57.71 million compared to $55.91 million in the prior year. This revenue surge surpasses their competitors in the Life Insurance sector by a significant margin, demonstrating the effectiveness of their sales strategies. Furthermore, if we compare the current period's revenue with that of the first quarter of 2023, we observe an impressive 23.37% improvement. During that period, the company recorded a revenue of $66.85 million, indicating their resilient ability to adapt and grow in a dynamic market.

Citizens Inc

Citizens Inc (CIA) Beats Expectations with Skyrocketing EPS and Increased Net Earnings in Q4 2023



Citizens Inc (CIA) recently released its financial results for the fiscal period ending December 31, 2023. Although the company experienced a decline in revenue, it managed to raise its earnings per share (EPS) significantly, indicating a positive trend. Furthermore, it recorded increased net earnings and improved profit margins. However, the decline in stock prices raises concerns for shareholders.
Financial Statistics:
- Income per share grew rapidly by 263.28% to $0.20 per share.
- Revenue decreased by -0.607% to $66.85 million, year on year.
- EPS increased from $0.05 to $0.20 per share.
- Revenue advanced by 12.559% to $59.39 million from the prior reporting season.
- Net earnings increased by 218.35% to $10.741 million compared to the previous fiscal period.
- Net margin rose to 16.07%, and operating margin edged up to 42.01%.
- Operating earnings improved by 189.44% to $28.084 million.
- Accounts receivable increased to $17.4 million, indicating rising demand.

Citizens Inc

Citizens Inc Defies Industry Challenges, Achieves Impressive Revenue Growth in Q3 2023

The stock market has been buzzing with excitement as Citizens Inc, a prominent player in the Life Insurance industry, recently announced its impressive financial performance in the fiscal third quarter of 2023. Despite the challenging circumstances that many businesses in the industry are currently facing, Citizens Inc managed to surpass expectations and achieve remarkable results.
One of the most notable achievements for Citizens Inc in the fiscal third quarter was the significant improvement in their bottom-line. The company turned a profit of $0.05 per share, a stark contrast to the loss of $-0.10 per share reported in the same quarter the previous year. This positive turnaround demonstrates the company's ability to adapt to changing market conditions and implement effective strategies to drive growth.

Citizens Inc

Citizens Inc Makes a Stellar Comeback, Strikes Gold with Profitability in Q2 2023 Thanks to Impressive 8.92% Revenue Growth!

Citizens Inc: Revenue Growth and Profitability Rebound Drive Stock Performance
Citizens Inc, a leading insurance company, has showcased impressive performance in its fiscal second quarter of 2023, with revenue growth of 8.92% year on year to $58.53 million. This marked improvement has not only propelled the company towards profitability once again but has also resulted in earnings per share of $0.12, a significant increase from the previous quarter.
Compared to the first quarter, where revenue grew by 4.673% from $55.91 million, this recent surge in revenue displays a trend of steady growth. Furthermore, net profit per share also grew by an impressive 20% from $0.10 per share in the previous quarter. Citizens Inc has successfully managed to turn its net deficit of $-3.548 million from the corresponding financial reporting period a year ago into a net income of $6.126 million, highlighting a remarkable turnaround.

Citizens Inc

Citizens Inc Unveils Impressive Earnings and Promising Future Outlook in Q1 2023 Report

As investors, it's important to carefully analyze the financial results of any company before investing in their stock. In the case of Citizens Inc, their financial first quarter results for 2023 appear to show a positive trend in their earnings per share and net income, which could be seen as a promising sign for the company's future prospects.
However, it's also important to note that the company's revenue growth was relatively modest, and actually decreased sequentially from the prior period. In addition, while Citizens Inc highlighted improvements in their profit margins, it's important to remember that margins can vary greatly from quarter to quarter, and may not be sustainable over the long term.






 

Citizens Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Citizens Inc does not provide revenue guidance.

Earnings Outlook
Citizens Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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