CITIZENS, INC. CIA
Incorporated in Colorado and based in Austin, Texas, Citizens, Inc. ("Citizens" or the "Company") is an insurance holding company. Since 1969 it has addressed the life insurance needs of people in the United States, and since 1975, it has extended life insurance offerings to clients worldwide. Through our international insurance subsidiary, we provide insurance benefits to residents in over 80 different countries, and through our domestic insurance subsidiaries, we are licensed to issue insurance products in 43 U.S. states. We pursue a strategy of offering insurance products in niche markets where we believe we are able to achieve competitive advantages. We had approximately $1.8 billion of assets and over $5.4 billion of direct insurance in force at December 31, 2025.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $255.6M | $245.0M | $240.7M | $232.5M | $250.5M | $238.9M | $250.5M | $244.0M | $252.6M | $245.4M |
| Pre-tax income | $17.5M | $15.0M | $26.2M | $27.4M | $30.5M | -$12.3M | $5.7M | $2.0M | -$3.0M | $5.5M |
| Income tax | $2.9M | $68.0K | $1.7M | $1.4M | $42.2M | $1.3M | $7.1M | $13.1M | $35.1M | $3.5M |
| Net income | $14.6M | $14.9M | $24.4M | $26.0M | $72.7M | -$11.0M | -$1.4M | -$11.1M | -$38.1M | $2.0M |
| Shares, diluted (wtd. avg.) | — | — | 50.7M | 50.9M | 50.6M | 50.9M | 50.3M | 50.1M | 50.1M | 50.1M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $23.0M | $29.3M | $27.0M | $23.0M | $27.3M | $34.1M | $46.2M | $45.5M | $46.1M | $35.5M |
| Short-term investments | — | — | — | $1.2M | $0 | — | — | — | — | — |
| Property, plant and equipment | $9.8M | $10.6M | $11.8M | $12.9M | $14.1M | $16.3M | $5.9M | $5.9M | $6.6M | $7.9M |
| Goodwill | — | — | — | — | — | — | $12.6M | $12.6M | $12.6M | $17.3M |
| Total assets | $1.75B | $1.69B | $1.67B | $1.59B | $1.85B | $1.84B | $1.74B | $1.62B | $1.64B | $1.58B |
| Total liabilities | $1.52B | $1.47B | $1.50B | $1.46B | $1.53B | $1.54B | $1.49B | $1.43B | $1.42B | $1.33B |
| Retained earnings | $71.7M | $57.1M | $42.1M | $16.3M | -$45.6M | -$82.4M | -$71.0M | -$69.6M | -$54.4M | -$16.2M |
| Total equity | $235.0M | $210.4M | $172.1M | $127.8M | $100.0M | $300.9M | $259.8M | $187.7M | $223.5M | $249.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.0M | $31.9M | $22.1M | $56.9M | $40.5M | $48.8M | $72.2M | $84.6M | $93.0M | $102.3M |
| Depreciation and amortisation | $741.0K | $619.0K | $515.0K | $536.0K | $1.1M | $1.4M | $1.7M | $1.5M | $1.1M | $806.0K |
| Capital expenditure | $447.0K | $663.0K | $442.0K | $100.0K | $1.0M | $221.0K | $511.0K | $724.0K | $1.3M | $2.2M |
| Investing cash flow | -$19.7M | -$27.2M | -$14.5M | -$60.7M | -$41.1M | -$61.8M | -$69.3M | -$85.1M | -$85.0M | -$152.1M |
| Financing cash flow | -$4.6M | -$2.5M | -$3.5M | -$499.0K | -$6.2M | $904.0K | -$2.2M | -$58.0K | $2.5M | $2.5M |
| Buybacks | — | — | $919.0K | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000024090-26-000011.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.4M | $252.6M | $244.0M | $250.5M | $238.9M | $250.5M | $232.5M | $240.7M | $245.0M | $255.6M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $2.0M | -$38.1M | -$11.1M | -$1.4M | -$11.0M | $72.7M | $26.0M | $24.4M | $14.9M | $14.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6311
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|---|---|---|---|---|
| MET | METLIFE INC | $62.80B | 21.0x | 8.5% |
| PRU | PRUDENTIAL FINANCIAL INC | $39.67B | 11.5x | -13.7% |
| RGA | REINSURANCE GROUP OF AMERICA INC | $17.24B | 14.9x | 7.2% |
| CRBG | Corebridge Financial, Inc. | $15.21B | — | -1.2% |
| GL | GLOBE LIFE INC. | $11.90B | 11.0x | 3.7% |
| JXN | Jackson Financial Inc. | $8.82B | — | 104.3% |
| VOYA | Voya Financial, Inc. | $8.68B | 15.2x | 4.9% |
| PRI | Primerica, Inc. | $8.45B | 12.0x | 6.6% |