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Citizens, Inc. - $CIA STOCK NEWS

Welcome to our dedicated page for Citizens news (Ticker: $CIA), a resource for investors and traders seeking the latest updates and insights on Citizens stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Citizens's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Citizens's position in the market.

Rhea-AI Summary
Citizens, Inc. (NYSE: CIA) will ring The Opening Bell(R) at the New York Stock Exchange to celebrate the AM Best rating assigned to CICA Life Insurance Company of America, a subsidiary of Citizens. CICA received a Financial Strength Rating of B++ (Good) and Long-Term Issuer Credit Rating of bbb+ (Good) in July 2023. The stable outlook reflects AM Best's expectation of a Very Strong balance sheet strength for CICA. The ceremony will be led by Gerald W. Shields, Citizens' Vice Chairman and CEO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.76%
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none
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Rhea-AI Summary
Citizens, Inc. (NYSE: CIA) reported strong financial results for Q2 2023, with net income increasing to $6.1 million and earnings per share rising to $0.12. Total revenues reached $58.5 million, and first year premiums grew by 3%. The company also achieved a 20% increase in book value per Class A share over the year-ago quarter. Citizens, Inc. expanded its distribution channels, saw a 22% increase in insurance issued, and received positive financial strength and credit ratings from AM Best.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.39%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
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conferences
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Rhea-AI Sentiment
End-of-Day
4.08%
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Rhea-AI Summary
AM Best assigns a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of "bbb+" to CICA Life Insurance Company of America. The ratings reflect CICA's strong balance sheet, adequate operating performance, limited business profile, and appropriate enterprise risk management. CICA's risk-adjusted capitalization is expected to remain strong, although projected to decline modestly due to expense strain from new business sales and infrastructure investments. The company has a low dependence on reinsurance and access to capital through various channels. CICA's bottom-line performance is projected to be negative until it achieves scale and earnings from in-force business offset new business strain.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.15%
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none
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Rhea-AI Summary
Citizens, Inc. expresses its appreciation to Dr. Robert B. Sloan for his 16-year tenure on the Board of Directors. Dr. Sloan played an instrumental role in the company's growth and transformation. Citizens reduced the size of the Board to eight directors.
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Rhea-AI Summary
Citizens, Inc. announces a white-label partnership with Allegiant Wealth Group to sell final expense insurance products. The partnership aims to make Citizens the top choice for Final Expense insurance distributors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.25%
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partnership
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Rhea-AI Summary
Citizens, Inc. (NYSE: CIA) announces participation in two upcoming investor conferences.
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Rhea-AI Sentiment
End-of-Day
4.23%
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conferences
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
-2.87%
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Rhea-AI Sentiment
End-of-Day
-3.13%
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Citizens, Inc.

NYSE:CIA

CIA Rankings

CIA Stock Data

124.58M
44.69M
9.79%
14.03%
8.31%
Direct Life Insurance Carriers
Finance and Insurance
Link
United States of America
AUSTIN

About CIA

citizens, inc. (nyse: cia) is a insurance holding company serving the life insurance needs of individuals in the united states since 1969 and internationally since 1975. citizens operates through its insurance subsidiaries: cica life insurance company of america (“cica life”), citizens national life insurance company (“cnlic”), security plan life insurance company (“splic”) and security plan fire insurance company (“spfic”).