Citizens (CIA)

Company Profile

Citizens, Inc. is a financial services company. The Company utilizes a three-pronged strategy for growth based upon worldwide sales of U.S. Dollar-denominated whole life cash value insurance policies, life insurance product sales in the U.S. and final expense and limited liability property product sales in the U.S.

Company profile

Ticker

CIA

Exchange

NYSE

Website

www.citizensinc.com

CEO

Geoffrey Kolander

Incorporated

Colorado

Location

Texas

Fiscal year end

Dec 31

Sector

Finance and Insurance > Direct Life Insurance Carriers

Industry (SIC)

Life Insurance

Metlife • Prudential Financial • Corebridge Financial • Jackson Financial • Lincoln National • Brighthouse Financial • Voya Financial • Genworth Financial • Athene Holding • Protective Life ...

Former names

CITIZENS INC

SEC CIK

0000024090

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

CICA Life Insurance Company • CICA Life Ltd. • Citizens National Life Insurance Company • Computing Technology, Inc. • Magnolia Guaranty Life Insurance Company • Nexo Global Services, LLC • Security Plan Fire Insurance Company • Security Plan Life Insurance Company ...

IRS number

840755371

CIA stock data

1M 1Y 5Y

Latest filings (excl ownership)

View all

DEFA14A

Additional proxy soliciting materials

9 May 23

DEFA14A

Additional proxy soliciting materials

9 May 23

8-K

Citizens Reports First Quarter 2023 Financial Results

8 May 23

Annual report to shareholders

24 Apr 23

DEFA14A

Additional proxy soliciting materials

24 Apr 23

Citizens Reports Fourth Quarter and Full Year 2022 Financial Results

10 Mar 23

Citizens Reports Third Quarter 2022 Financial Results

4 Nov 22

Latest ownership filings

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Financial summary

Financial statements Chart CIA financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	18.92 mm	18.92 mm	18.92 mm	18.92 mm	18.92 mm	18.92 mm
Cash burn (monthly)	1.35 mm	197.83 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	2.89 mm	423.86 k	n/a	n/a	n/a	n/a
Cash remaining	16.03 mm	18.50 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	11.9	93.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Citizens earnings reports.

Institutional ownership, Q4 2022

CIA institutional ownership history Ownership history

13.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	40	41	-2.4%
Opened positions	6	4	+50.0%
Closed positions	7	22	-68.2%
Increased positions	13	9	+44.4%
Reduced positions	14	18	-22.2%

13F shares	Current	Prev Q	Change
Total value	9.93 bn	27.30 mm	+36271.8%
Total shares	6.84 mm	8.17 mm	-16.3%
Total puts	300.00	41.60 k	-99.3%
Total calls	1.70 k	0.00	NEW
Total put/call ratio	0.2	Infinity	NaN%

Largest owners	Shares	Value	Change
Vanguard	2.07 mm	$4.42 bn	+0.9%
Dimensional Fund Advisors	911.36 k	$1.94 mm	-3.2%
BLK Blackrock	814.19 k	$1.73 bn	+0.3%
Geode Capital Management	423.70 k	$902.00 k	+1.1%
Millennium Management	398.37 k	$849.00 k	+6.4%
Bridgeway Capital Management	354.37 k	$754.81 mm	0.0%
Renaissance Technologies	254.79 k	$543.00 k	-7.5%
UBS UBS Group AG - Registered Shares	252.10 k	$536.98 mm	+0.6%
Ergoteles	178.49 k	$380.18 mm	-14.7%
STT State Street	170.31 k	$362.75 mm	NEW

Largest transactions	Shares	Bought/sold	Change
GMT Capital	0.00	-1.31 mm	EXIT
STT State Street	170.31 k	+170.31 k	NEW
MS Morgan Stanley	6.03 k	-108.64 k	-94.7%
Susquehanna International	43.81 k	+43.81 k	NEW
Two Sigma Investments	62.41 k	-36.53 k	-36.9%
Ergoteles	178.49 k	-30.77 k	-14.7%
Dimensional Fund Advisors	911.36 k	-29.80 k	-3.2%
Public Employees Retirement Association Of Colorado	29.16 k	+29.16 k	NEW
BK Bank Of New York Mellon	22.80 k	-25.68 k	-53.0%
Millennium Management	398.37 k	+23.93 k	+6.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CIA insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
12 May 23	Conklin Jeffery P.	Citizens, Inc. Class A Common Stock	Buy	Acquire P	No	No	1.93	14,000	27.02 k	115,782.132
11 May 23	Shields Gerald W	Citizens, Inc. Class A Common Stock	Buy	Acquire P	No	No	1.86	55,000	102.30 k	141,285.896
5 May 23	Shields Gerald W	Citizens, Inc. Class A Common Stock		Acquire L	No	No	1.76	1,114.577	1.96 k	86,285.896
3 Apr 23	Shields Gerald W	Citizens, Inc. Class A Common Stock		Acquire L	No	No	3.55	558.355	1.98 k	85,171.319
31 Mar 23	Mauldin Robert M III	Citizens, Inc. Class A Common Stock	Payment of exercise	Dispose F	No	No	3.71	1,807	6.70 k	75,339
31 Mar 23	Mauldin Robert M III	Citizens, Inc. Class A Common Stock	Option exercise	Acquire M	No	No	0	6,187	0.00	77,146
31 Mar 23	Mauldin Robert M III	RSU Class A Common Stock	Grant	Acquire A	No	No	0	38,005	0.00	38,005
31 Mar 23	Mauldin Robert M III	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	6,187	0.00	12,374
31 Mar 23	Conklin Jeffery P.	Citizens, Inc. Class A Common Stock	Payment of exercise	Dispose F	No	No	3.71	1,911	7.09 k	101,782.132
31 Mar 23	Conklin Jeffery P.	Citizens, Inc. Class A Common Stock	Option exercise	Acquire M	No	No	0	7,846	0.00	103,693.132