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Citizens, Inc.(CIA)Earnings, Financials & Key Ratios
CIA•NYSE•Insurance & Managed Care
$5.62
$287M mkt cap·19.4× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryLife InsuranceSub-IndustryIndividual life and final expense insurers
AboutCitizens, Inc., through its subsidiaries, provides life insurance products in the United States and internationally. It operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment issues ordinary whole life insurance and endowment policies in the United States dollar-denominated amounts to non-U.S. residents in through independent marketing agencies and consultants. The Home Service Insurance segment offers final expense life insurance and property insurance policies to middle-and lower-income households, as well as whole life products in Louisiana, Mississippi, and Arkansas. This segment provides its products and services through funeral homes and independent agents. The company also provides health insurance policies. Citizens, Inc. was founded in 1969 and is headquartered in Austin, Texas.Show more
- Revenue$256M+4.3%
- Combined Ratio0%-100.0%
- Net Income$15M-2.2%
- Return on Equity6.55%-16.0%
- Medical Cost Ratio0%-100.0%
- Operating Margin0%-100.0%
- Net Margin5.71%-6.2%
- ROA1.51%+70.0%
- Equity / Assets95.59%+665.8%
- Book Value per Share4.61+11.0%
- Tangible BV/Share4.61+18230.3%
CIA Key Insights
Citizens, Inc. (CIA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Trading at only 1.2x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CIA Price & Volume
Citizens, Inc. (CIA) stock price & volume — 10-year historical chart
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CIA Growth Metrics
Citizens, Inc. (CIA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years0.79%
5 Years1.37%
3 Years3.21%
TTM4.33%
Profit CAGR
10 Years-
5 Years-
3 Years-17.52%
TTM-2.15%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-0.3%
Return on Capital
10 Years1.78%
5 Years4.02%
3 Years6.42%
Last Year-
CIA Recent Earnings
Citizens, Inc. (CIA) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (57%)●Beat Revenue 2/12 qtrs (29%)
Q2 2026Latest
Mar 12, 2026EPS
$0.11
Est $0.08
+37.5%
Revenue
$70M
Est $68M
+3.4%
Q4 2025
Nov 6, 2025EPS
$0.07
Est $0.06
+16.7%
Revenue
$63M
Est $68M
-7.5%
Q2 2025
May 8, 2025EPS
$0.02
Est $0.05
-60.0%
Revenue
$56M
Est $63M
-11.9%
Q2 2025
Mar 13, 2025EPS
$0.07
Est $0.10
-30.0%
Revenue
$63M
Est $65M
-1.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 12, 2026 | $0.11vs $0.08+37.5% | $70Mvs $68M+3.4% |
| Q4 2025 | Nov 6, 2025 | $0.07vs $0.06+16.7% | $63Mvs $68M-7.5% |
| Q2 2025 | May 8, 2025 | $0.02vs $0.05-60.0% | $56Mvs $63M-11.9% |
| Q2 2025 | Mar 13, 2025 | $0.07vs $0.10-30.0% | $63Mvs $65M-1.8% |
Based on last 12 quarters of dataView full earnings history →
CIA Peer Comparison
Citizens, Inc. (CIA) competitors in Individual life and final expense insurers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SNFCA | 249.7M | 9.83 | 7.80 | 42061.1% | 5.3% | |||
 CSWC | 1.44B | 24.19 | 16.46 | 7.67% | 10.32% | 1.08 | ||
 GBLI | 384.47M | 26.79 | 15.31 | 2.02% | 7.45% | 0.02% | 0.01 | |
 GL | 12.11B | 154.39 | 10.98 | 3.82% | 19.36% | 20.64% | 0.44 | |
 CNO | 4.28B | 45.71 | 19.45 | 0.94% | 4.94% | 8.6% | 1.54 | |
 FG | 4B | 29.46 | 15.67 | 5.72% | 4.8% | 5.61% | 0.45 | |
 PRI | 8.76B | 276.80 | 12.08 | 4.43% | 22.93% | 32.29% | 0.74 | |
 MMC | 85.27B | 174.06 | 21.28 | 7.57% | 15.6% | 26.87% | 1.62 |
Compare CIA vs Peers
Citizens, Inc. (CIA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CIA Income Statement
Citizens, Inc. (CIA) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 252.63M | 244.01M | 250.59M | 238.85M | 250.53M | 232.52M | 240.68M | 245M | 255.62M |
| Revenue Growth % | 2.94% | -3.41% | 2.7% | -4.69% | 4.89% | -7.19% | 3.51% | 1.8% | 4.33% |
| Medical Costs & Claims | 202.96M | 188.01M | 190.32M | 191.92M | 122.4M | 117.73M | 0 | 123.28M | 0 |
| Medical Cost Ratio % | 80.34% | 77.05% | 75.95% | 80.35% | 48.86% | 50.63% | 0% | 50.32% | 0% |
| Gross Profit | 49.67M▲ 0% | 56M▲ 12.7% | 60.27M▲ 7.6% | 46.93M▼ 22.1% | 128.13M▲ 173.0% | 114.79M▼ 10.4% | 240.68M▲ 109.7% | 121.72M▼ 49.4% | 0▼ 100.0% |
| Gross Margin % | 19.66% | 22.95% | 24.05% | 19.65% | 51.14% | 49.37% | 100% | 49.68% | 0% |
| Gross Profit Growth % | 4.06% | 12.74% | 7.64% | -22.14% | 173.02% | -10.41% | 109.67% | -49.43% | -100% |
| Operating Expenses | 52.66M | 53.99M | 54.53M | 59.25M | 97.62M | 87.41M | 47.13M | 106.74M | 0 |
| OpEx / Revenue % | 20.84% | 22.13% | 21.76% | 24.81% | 38.97% | 37.59% | 19.58% | 43.57% | 0% |
| Depreciation & Amortization | 1.06M | 1.45M | 1.68M | 1.42M | 1.14M | 536K | 1.12M | 619K | 0 |
| Combined Ratio % | 101.18% | 99.18% | 97.71% | 105.16% | 87.82% | 88.23% | 19.58% | 93.89% | 0% |
| Operating Income | -2.99M▲ 0% | 2M▲ 167.0% | 5.75M▲ 187.0% | -12.32M▼ 314.4% | 30.5M▲ 347.7% | 27.38M▼ 10.3% | 193.55M▲ 607.0% | 14.98M▼ 92.3% | 0▼ 100.0% |
| Operating Margin % | -1.18% | 0.82% | 2.29% | -5.16% | 12.18% | 11.77% | 80.42% | 6.11% | 0% |
| Operating Income Growth % | -154.46% | 167.05% | 186.96% | -314.4% | 347.67% | -10.25% | 606.98% | -92.26% | -100% |
| EBITDA | -1.92M | 3.45M | 7.42M | -10.89M | 31.64M | 27.91M | 194.67M | 15.6M | 0 |
| EBITDA Margin % | -0.76% | 1.42% | 2.96% | -4.56% | 12.63% | 12% | 80.88% | 6.37% | 0% |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | 167.38M | 0 | 0 |
| Pretax Income | -2.99M▲ 0% | 2M▲ 167.0% | 5.75M▲ 187.0% | -12.32M▼ 314.4% | 30.5M▲ 347.7% | 27.38M▼ 10.3% | 26.17M▼ 4.4% | 14.98M▼ 42.8% | 17.47M▲ 16.6% |
| Pretax Margin % | -1.18% | 0.82% | 2.29% | -5.16% | 12.18% | 11.77% | 10.88% | 6.11% | 6.83% |
| Income Tax | 35.14M | 13.06M | 7.12M | -1.33M | -42.2M | 1.37M | 1.74M | 68K | 2.88M |
| Effective Tax Rate % | -1176.86% | 652.55% | 123.85% | 10.79% | -138.34% | 5% | 6.64% | 0.45% | 16.48% |
| Net Income | -38.13M▲ 0% | -11.06M▲ 71.0% | -1.37M▲ 87.6% | -10.99M▼ 702.0% | 72.71M▲ 761.7% | 26.01M▼ 64.2% | 24.44M▼ 6.0% | 14.91M▼ 39.0% | 14.59M▼ 2.2% |
| Net Margin % | -15.09% | -4.53% | -0.55% | -4.6% | 29.02% | 11.18% | 10.15% | 6.09% | 5.71% |
| Net Income Growth % | -2036.36% | 70.99% | 87.62% | -702.04% | 761.69% | -64.23% | -6.04% | -38.98% | -2.15% |
| EPS (Diluted) | -0.76▲ 0% | -0.22▲ 71.1% | -0.03▲ 87.5% | -0.22▼ 697.1% | -0.99▼ 350.0% | -0.15▲ 84.8% | 0.48▲ 420.0% | 0.29▼ 39.6% | 0.29▲ 0.0% |
| EPS Growth % | -2000% | 71.05% | 87.45% | -697.1% | -350% | 84.85% | 420% | -39.58% | 0% |
| EPS (Basic) | -0.77 | -0.22 | -0.03 | -0.22 | -1.01 | -0.15 | 0.49 | 0.27 | 0.29 |
| Diluted Shares Outstanding | 50.08M | 50.14M | 49.72M | 49.4M | 50.49M | 50.87M | 50.68M | 50.67M | 50.98M |
CIA Balance Sheet
Citizens, Inc. (CIA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 1.64B | 1.62B | 1.74B | 1.84B | 1.85B | 1.59B | 1.67B | 1.69B | 245.83M |
| Asset Growth % | 3.84% | -1.76% | 8.01% | 5.64% | 0.6% | -14.23% | 4.92% | 0.98% | -85.41% |
| Total Investment Assets | 1.31B | 1.34B | 1.48B | 1.62B | 1.62B | 1.34B | 82.48M | 93.34M | 16.3M |
| Long-Term Investments | 1.22B | 1.25B | 1.4B | 1.51B | 1.49B | 1.19B | 82.48M | 93.34M | 0 |
| Short-Term Investments | 974.61M | 1.24B | 1.38B | 1.49B | 1.47B | 1.18B | 0 | 0 | 16.3M |
| Total Current Assets | 30.47M | 1.3B | 0 | 0 | 0 | 0 | 29.43M | 29.27M | 25.56M |
| Cash & Equivalents | 46.06M | 45.49M | 46.2M | 34.13M | 27.29M | 22.97M | 27M | 29.27M | 5.66M |
| Receivables | 5.49M | 16.99M | 16.35M | 17.06M | 17.05M | 16.99M | 4.33M | 18.66M | 3.6M |
| Other Current Assets | 0 | 0 | -1.44B | -1.54B | -1.51B | -1.22B | 0 | -18.66M | 0 |
| Goodwill & Intangibles | 31.08M | 28.8M | 13.57M | 13.57M | 941K | 0 | 185.81M | 209.08M | 0 |
| Goodwill | 12.62M | 12.62M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 18.46M | 16.18M | 0 | 0 | 0 | 0 | 185.81M | 209.08M | 0 |
| PP&E (Net) | 6.62M | 5.94M | 5.9M | 16.31M | 14.07M | 12.93M | 11.81M | 0 | 6.64M |
| Other Assets | -1.35B | -10.36M | -1.41B | -1.54B | -1.5B | -1.21B | 1.32B | 1.35B | 0 |
| Total Liabilities | 1.42B | 1.43B | 1.49B | 1.54B | 1.53B | 1.46B | 1.5B | 1.47B | 10.85M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 9.07M | 7.79M | 0 |
| Net Debt | -46.06M | -45.49M | -46.2M | -34.13M | -27.29M | -22.97M | -27M | -21.48M | -5.66M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.43M | 0 |
| Total Current Liabilities | 8.61M | 7.61M | 0 | 0 | 0 | 0 | 10.08M | 8.82M | 17.47M |
| Accounts Payable | 8.61M | 7.61M | 8.06M | 13.21M | 14.59M | 9.88M | 6.64M | 8.82M | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -104.41M | -50.8M | -55.2M | -64.96M | -16.88M | -11.85M | -10.08M | -1.43M | 17.47M |
| Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Other Liabilities | 1.42B | 1.42B | -12.43M | -9.56M | -15.46M | -3.65M | 1.49B | 1.46B | 1.5B |
| Total Equity | 223.51M▲ 0% | 187.73M▼ 16.0% | 259.84M▲ 38.4% | 300.94M▲ 15.8% | 320.57M▲ 6.5% | 127.79M▼ 60.1% | 172.13M▲ 34.7% | 210.35M▲ 22.2% | 234.99M▲ 11.7% |
| Equity Growth % | -10.27% | -16.01% | 38.41% | 15.82% | 6.52% | -60.14% | 34.7% | 22.21% | 11.71% |
| Shareholders Equity | 223.51M | 187.73M | 259.84M | 300.94M | 320.57M | 127.79M | 172.13M | 210.35M | 234.99M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -54.38M | -69.6M | -70.97M | -82.35M | -45.56M | 16.31M | 42.15M | 57.06M | 71.65M |
| Common Stock | 262.57M | 262.98M | 264.7M | 266.05M | 268.75M | 271.33M | 271.86M | 272.98M | 0 |
| Accumulated OCI | 26.33M | 5.37M | 77.12M | 128.25M | 117.49M | -137.04M | -118.16M | -95.97M | 0 |
| Return on Equity (ROE) | -16.13% | -5.38% | -0.61% | -3.92% | 23.4% | 11.6% | 16.3% | 7.8% | 6.55% |
| Return on Assets (ROA) | -2.36% | -0.68% | -0.08% | -0.61% | 3.93% | 1.51% | 1.5% | 0.89% | 1.51% |
| Equity / Assets | 13.59% | 11.62% | 14.89% | 16.33% | 17.29% | 8.03% | 10.31% | 12.48% | 95.59% |
| Debt / Equity | - | - | - | - | - | - | 0.05x | 0.04x | - |
| Book Value per Share | 4.46 | 3.74 | 5.23 | 6.09 | 6.35 | 2.51 | 3.40 | 4.15 | 4.61 |
| Tangible BV per Share | 3.84 | 3.17 | 5.23 | 6.09 | 6.35 | 2.51 | -0.27 | 0.03 | 4.61 |
CIA Cash Flow Statement
Citizens, Inc. (CIA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 93.01M | 84.62M | 72.22M | 48.83M | 40.45M | 56.92M | 22.06M | 31.92M | 1.49M |
| Operating CF Growth % | -9.05% | -9.02% | -14.65% | -32.38% | -17.16% | 40.7% | -61.25% | 44.71% | -95.33% |
| Operating CF / Revenue % | 36.82% | 34.68% | 28.82% | 20.45% | 16.15% | 24.48% | 9.16% | 13.03% | 0.58% |
| Net Income | -38.13M | -11.06M | -1.37M | -10.99M | 72.71M | -6.64M | 24.44M | 14.91M | 14.59M |
| Depreciation & Amortization | 3.19M | 3.91M | 1.68M | 1.42M | 1.14M | 536K | 1.12M | 619K | 273K |
| Stock-Based Compensation | 0 | 410K | 2.1M | 2.22M | 646K | 461K | 588K | 1.52M | 2.77M |
| Deferred Taxes | 20.69M | 62.63M | 1.57M | -402K | 1.7M | 124K | 860K | -1.8M | 0 |
| Other Non-Cash Items | 570K | 28.43M | 15.17M | 15.34M | -1.34M | 17.14M | -8.66M | -15.53M | -16.15M |
| Working Capital Changes | 85.97M | 300K | 53.08M | 41.24M | -34.4M | 45.3M | 3.71M | 32.2M | 0 |
| Cash from Investing | -85M | -85.13M | -69.34M | -61.81M | -41.08M | -60.74M | -14.5M | -27.17M | 175K |
| Capital Expenditures | -1.33M | -724K | -511K | -221K | -1.01M | -100K | -442K | -663K | 0 |
| Acquisitions | 41K | 89K | 16K | 11K | 0 | 0 | 14.05M | 0 | 0 |
| Purchase of Investments | -167.7M | -202.86M | -332.27M | -306.2M | -135.05M | -147.21M | -90.12M | -100.62M | -8.82M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Investing | -6.99M | -6.99M | -1.17M | -1.3M | 2.04M | 2.63M | -14.05M | 4.15M | 4.32M |
| Cash from Financing | 2.55M | -58K | -2.17M | 904K | -6.21M | -499K | -3.54M | -2.47M | -278K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | -23K | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -9.09M | -2.71M | -919K | -393K | 0 |
| Stock Issued | 0 | 0 | 0 | 0 | 2.25M | 2.24M | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 2.55M | -58K | -2.17M | 904K | 620K | -15K | -2.62M | -2.08M | -278K |
| Net Change in Cash | 10.55M▲ 0% | -572K▼ 105.4% | 713K▲ 224.7% | -12.07M▼ 1793.4% | -6.84M▲ 43.4% | -4.32M▲ 36.8% | 4.02M▲ 193.1% | 2.27M▼ 43.5% | 1.39M▼ 39.1% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 35.51M | 46.06M | 45.49M | 46.2M | 34.13M | 27.29M | 22.97M | 27M | 4.27M |
| Cash at End | 46.06M | 45.49M | 46.2M | 34.13M | 27.29M | 22.97M | 27M | 29.27M | 5.66M |
| Free Cash Flow | 91.69M▲ 0% | 83.9M▼ 8.5% | 71.71M▼ 14.5% | 48.61M▼ 32.2% | 39.45M▼ 18.9% | 56.82M▲ 44.0% | 21.61M▼ 62.0% | 31.25M▲ 44.6% | 1.49M▼ 95.2% |
| FCF Growth % | -8.37% | -8.5% | -14.52% | -32.21% | -18.85% | 44.04% | -61.96% | 44.61% | -95.24% |
| FCF Margin % | 36.29% | 34.38% | 28.62% | 20.35% | 15.75% | 24.44% | 8.98% | 12.76% | 0.58% |
| FCF per Share | 1.83 | 1.67 | 1.44 | 0.98 | 0.78 | 1.12 | 0.43 | 0.62 | 0.03 |
CIA Key Ratios
Citizens, Inc. (CIA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Combined Ratio | 97.77% | 101.18% | 99.18% | 97.71% | 105.16% | 87.82% | 88.23% | 19.58% | 93.89% | 0% |
| Medical Cost Ratio | 80.55% | 80.34% | 77.05% | 75.95% | 80.35% | 48.86% | 50.63% | 0% | 50.32% | 0% |
| Return on Equity (ROE) | 0.8% | -16.13% | -5.38% | -0.61% | -3.92% | 23.4% | 11.6% | 16.3% | 7.8% | 6.55% |
| Return on Assets (ROA) | 0.13% | -2.36% | -0.68% | -0.08% | -0.61% | 3.93% | 1.51% | 1.5% | 0.89% | 1.51% |
| Equity / Assets | 15.73% | 13.59% | 11.62% | 14.89% | 16.33% | 17.29% | 8.03% | 10.31% | 12.48% | 95.59% |
| Book Value / Share | 4.97 | 4.46 | 3.74 | 5.23 | 6.09 | 6.35 | 2.51 | 3.4 | 4.15 | 4.61 |
| Debt / Equity | - | - | - | - | - | - | - | 0.05x | 0.04x | - |
| Revenue Growth | 3.87% | 2.94% | -3.41% | 2.7% | -4.69% | 4.89% | -7.19% | 3.51% | 1.8% | 4.33% |
CIA SEC Filings & Documents
Citizens, Inc. (CIA) SEC filings — annual & quarterly reports (10-K, 10-Q)
CIA Frequently Asked Questions
Citizens, Inc. (CIA) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Citizens, Inc. (CIA) grew revenue by 4.3% over the past year. Growth has been modest.
Yes, Citizens, Inc. (CIA) is profitable, generating $14.6M in net income for fiscal year 2025 (5.7% net margin).
Dividend & Returns
Citizens, Inc. (CIA) has a return on equity (ROE) of 6.6%. This is below average, suggesting room for improvement.
Industry Metrics
Citizens, Inc. (CIA) has a combined ratio of 0.0%. A ratio below 100% indicates underwriting profitability.
Explore More CIA
Citizens, Inc. (CIA) financial analysis — history, returns, DCA and operating performance tools
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Earnings History
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Revenue History
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Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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