1 EXHIBIT 21 SUBSIDIARIES OF REGISTRANT STATE OF PERCENTAGE COMPANY NAME INCORPORATION TAX I.D. OWNERSHIP ------------ ------------- -------- --------- Citizens Insurance Company of America Colorado 84-0583103 100% Direct Insurance Investors, Inc. Texas 74-1458561 100% Indirect Continental Investors Life Insurance Company Alabama 63-0514221 90% Indirect Industrial Benefits, Inc. Texas 76-0159854 100% Indirect Computing Technology, Inc. Colorado 84-1037266 100% Indirect American Liberty Financial Corp. Louisiana 72-0810778 100% Direct American Liberty Life Insurance Company Louisiana 72-0826521 100% Indirect American Liberty Exploration Corporation Louisiana 72-0895903 100% Indirect American Liberty Exploration Corporation, 1981-1 Louisiana 72-0914867 100% Indirect American Liberty Exploration Corporation, 1982-1 Louisiana 72-0928484 100% Indirect First American Investment Corporation Louisiana 72-1018531 94.48% Indirect Funeral Homes of Louisiana, Inc. Louisiana 72-1148400 94.48% Indirect Funeral Homes of America, Inc. Louisiana 72-1248626 94.48% Indirect Insurance Investors & Holding Co. Illinois 37-0858627 100% Indirect Central Investors Life Insurance Company of Illinois Illinois 37-0862705 100% Indirect -73-