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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.

Citizens, Inc. (NYSE: CIA) is a diversified financial services company that has been serving the life insurance needs of individuals in the United States since 1969 and internationally since 1975. The company operates through its various insurance subsidiaries including 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").

Citizens provides insurance benefits to residents in thirty-two U.S. states and more than seventy countries. The company’s primary sources of revenue are life insurance premiums from their two operating segments: the Life Insurance segment and the Home Service Insurance segment. The Life Insurance segment constitutes the majority of the company’s revenue. In addition to premiums, Citizens also generates income from its investment portfolio.

The company has recently been recognized by AM Best, a global credit rating agency specializing in the insurance industry. In July 2023, CICA Life Insurance Company of America was assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good), reflecting a stable outlook and the strength of its balance sheet.

Recent achievements and ongoing projects of Citizens include the successful introduction of new insurance products, which are experiencing significant demand and contributing to the persistent expansion of their customer base. The company has also been strategically moving its international business operations from Bermuda to Puerto Rico to better serve their global clientele.

Financially, Citizens has demonstrated resilience and growth. For example, in the second quarter of 2023, net income increased to $6.1 million, up from $2.5 million in the prior year quarter. Total revenues grew by 9% to $58.5 million, driven by increased premiums and net investment income. Moreover, the company maintains a positive cash flow from operations annually since 2004, showcasing its strong liquidity and financial health.

Citizens' customer-centric growth strategy focuses on addressing the evolving needs of its customers with innovative products tailored to their native languages, including Spanish, Portuguese, and Mandarin. The company continues to invest in enhancing its distribution capabilities and expanding its reach in both established and underserved markets.

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Citizens, Inc. (NYSE: CIA) announces participation in upcoming investor conferences, including the Emerging Growth Virtual Conference on April 4, 2024, and the Singular Research 'Spring Select' Virtual Conference on May 22, 2024.
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Citizens, Inc. appoints Jon Stenberg as President to lead operations and technology functions. Stenberg brings 30 years of experience in building high-performing teams in the life insurance sector. The company aims to capitalize on growth opportunities and innovative products to create value for customers and shareholders. Citizens has shown sustainable increased book value per share, positive net cash flow, and no debt as of December 31, 2023.
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Citizens, Inc. (NYSE: CIA) reported financial results for Q4 2023 and full year 2023, highlighting revenue growth, increased premiums, positive net cash flow, and strategic milestones for 2024. Despite revenue and income declines in Q4, the company remains focused on sustainable growth and profitability.
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Citizens, Inc. (NYSE: CIA) announces its participation in upcoming investor conferences, including the Emerging Growth Virtual Conference on March 6, 2024, and the Singular Research 'Spring Select' Virtual Conference on May 22, 2024.
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Citizens, Inc. (NYSE: CIA) to Present at Emerging Growth Virtual Conference on January 10, 2024 and Singular Research 'Emerging Growth & Value Alpha Leaders' Virtual Conference on February 22, 2024
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Citizens, Inc. (NYSE: CIA) to participate in Singular Research 18th Annual 'Best of the Uncovered' Conference and Emerging Growth Virtual Conference on December 7, 2023. The company will host a fireside chat webcast and present at the virtual conference, showcasing its management's plan for participation in upcoming investor conferences.
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Citizens, Inc. reported financial results for Q3 2023. Total revenues increased to $59.4 million, first year life and A&H premiums grew 15%, net income was $2.7 million, and positive net cash provided by operating activities was $3.2 million. Book value per Class A share increased 39% to $3.08. The company expanded its white-label partnership and saw a 10% increase in insurance issued.
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Citizens, Inc. (NYSE: CIA) will be participating in several upcoming investor conferences, including the LD Micro 16th Annual Main Event Conference in Los Angeles on October 3, the Emerging Growth Virtual Conference on October 5, and the Investor Summit Virtual Conference on October 19. The company will be presenting and participating in one-on-one meetings at these events. The webcasts and slide presentations will be accessible on the company's Investor Relations website. This increased visibility and engagement with investors could positively impact the stock price.
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Citizens, Inc. announces plan to participate in upcoming investor conferences
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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.
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FAQ

What is the current stock price of Citizens (CIA)?

The current stock price of Citizens (CIA) is $3.9 as of December 11, 2024.

What is the market cap of Citizens (CIA)?

The market cap of Citizens (CIA) is approximately 203.1M.

What does Citizens, Inc. specialize in?

Citizens, Inc. specializes in providing life, living benefits, and final expense insurance to individuals and small businesses in the U.S., Latin America, and Asia.

What are the main operating segments of Citizens, Inc.?

The main operating segments of Citizens, Inc. are the Life Insurance segment and the Home Service Insurance segment.

Who are the subsidiaries of Citizens, Inc.?

The subsidiaries of Citizens, Inc. include CICA Life Insurance Company of America, Citizens National Life Insurance Company, Security Plan Life Insurance Company, and Security Plan Fire Insurance Company.

In which regions does Citizens, Inc. provide its services?

Citizens, Inc. provides its services in thirty-two U.S. states and over seventy countries, including regions in Latin America and Asia.

How does Citizens, Inc. generate its revenue?

Citizens, Inc. generates its revenue primarily from life insurance premiums and net investment income.

What recent recognition has Citizens, Inc. received?

In July 2023, CICA Life Insurance Company of America, a subsidiary of Citizens, Inc., received a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of bbb+ (Good) from AM Best.

What is Citizens, Inc.'s strategic focus?

Citizens, Inc.'s strategic focus is on customer-centric growth, delivering innovative insurance products to meet evolving customer needs, and expanding their distribution capabilities.

How has Citizens, Inc. performed financially recently?

In the second quarter of 2023, Citizens, Inc. reported a net income of $6.1 million and total revenues of $58.5 million, showing significant growth compared to the previous year.

What are the benefits offered by Citizens, Inc.'s insurance products?

Citizens, Inc. offers life, living benefits, and final expense insurance, designed to provide financial security and address the specific needs of its customers.

Where can more information about Citizens, Inc. be found?

More information about Citizens, Inc. can be found on their official website at www.citizensinc.com and their LinkedIn page.

Citizens, Inc.

NYSE:CIA

CIA Rankings

CIA Stock Data

203.12M
44.70M
10.43%
13.6%
8.15%
Insurance - Life
Life Insurance
Link
United States of America
AUSTIN