Welcome to our dedicated page for Citizens SEC filings (Ticker: CIA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Citizens, Inc. filings document the regulatory record of an insurance-focused financial services company with life, living benefits and final expense products. Its 8-K reports include results of operations and financial condition, with disclosures tied to revenues, premiums, adjusted income, book value per Class A share and other operating measures.
Proxy and governance filings cover board elections, Class A shareholder voting matters, auditor ratification, say-on-pay votes, executive compensation, employment agreement amendments and related governance disclosures. The filing record also reflects capital-structure and material-event reporting relevant to Citizens' public-company status.
Citizens, Inc. reports on its global life insurance operations and strategy for long‑term profitable growth. The company had approximately $1.8 billion of assets and $5.4 billion of direct insurance in force as of December 31, 2025.
International business generated 64% of direct premiums, focused on U.S. dollar policies sold mainly in Latin America and the Pacific Rim, while domestic operations produced 36%, led by final‑expense products. Citizens highlights a second consecutive year of total premium growth, strong demand for final expense, issuance of $1.1 billion of new insurance, no debt, use of reinsurance, technology modernization, and extensive risk factors spanning foreign regulation, pricing, liquidity, interest rates, distribution, and cybersecurity.
Citizens, Inc. reported record 2025 revenue and higher book value while adjusted earnings declined. Full-year total revenues reached $255.6 million, up from $245.0 million, with a record fourth-quarter revenue of $72.1 million versus $63.5 million a year earlier. Net investment income grew and the investment portfolio’s average pre-tax yield improved to 4.67%.
Full-year income before federal income tax rose to $17.5 million from $15.0 million, but adjusted income before federal income tax fell to $17.3 million from $21.3 million as prior-year results benefited from items not repeated. Net income was $14.6 million, slightly below $14.9 million in 2024, and adjusted net income declined to $14.2 million from $22.0 million. Book value per Class A share increased to $4.67, with adjusted book value per share rising to $6.43. The company reported $5.43 billion of total direct insurance in force, direct insurance premiums of $188.8 million, positive operating cash flow of $18.0 million, and no debt at year-end 2025, supported by a 22% increase in producing agents and continued growth in first year premiums.
Citizens, Inc. updated the compensation terms for its Chief Executive Officer, Jon Stenberg. The Board approved an amendment to his Executive Employment Agreement to better align pay with peer and market data for retention and motivation purposes.
Effective April 1, 2026, Mr. Stenberg’s base salary increases from $500,000 to $600,000. His target short-term incentive (annual bonus opportunity) beginning in 2026 rises from $400,000 to $480,000, and his target long-term incentive increases from $450,000 to $540,000. All other terms of his employment agreement remain in effect.
Citizens, Inc. reported that its Chief Actuary, Harvey J. Waite, increased his holdings of the company’s Class A common stock through regular purchases under the Citizens, Inc. Stock Investment Plan funded by payroll deductions.
On 11/28/2025, he acquired 418.9046 shares at a price of $5.94 per share, bringing his beneficial ownership to 83,553.1018 shares. On 12/26/2025, he acquired an additional 478.9046 shares at $5.19 per share, increasing his beneficial ownership to 84,032.0064 shares, all held directly.
Citizens, Inc. (CIA) reported a new insider status update through an initial Form 3 filing. As of 11/06/2025, the reporting person is identified as a director of Citizens, Inc. The filing shows that this director beneficially owns 0 shares of Citizens, Inc. Class A common stock in direct ownership and lists no derivative securities such as options or warrants. The form is filed for a single reporting person and includes a power of attorney authorizing an attorney-in-fact to sign on the reporting person’s behalf.
Citizens, Inc. (CIA) reported that one of its directors acquired additional shares of Citizens, Inc. Class A common stock over several transactions between 06/27/2025 and 10/31/2025. The purchases were reported at prices ranging from $3.67 to $5.71 per share. Following these acquisitions, the director beneficially owned 72,446.8917 Class A common shares in direct ownership.
Citizens, Inc. (CIA) reported that its Chief Actuary, Harvey J. Waite, acquired additional shares of the company’s Class A common stock through the Citizens, Inc. Stock Investment Plan. The shares were purchased via regular monthly payroll deductions on several dates, including 614.8104 shares at $4.04 on 08/01/2025 and further small purchases in September and October.
After these transactions, Waite beneficially owned a total of 83,134.1972 shares of Citizens, Inc. Class A common stock, held directly. These transactions reflect routine, incremental insider purchases under an established stock investment plan rather than a large, one‑time trade.
Citizens, Inc. (NYSE: CIA) filed an 8-K announcing it issued a press release covering financial results for the three and nine months ended September 30, 2025. The release is furnished as Exhibit 99.1 under Item 2.02.
The Board also elected Michael Harwood as an independent director to fill a vacancy, effective November 6, 2025. Harwood is a seasoned life insurance actuarial executive, with prior roles as Senior VP and Chief Actuary at AIG Life & Retirement and MetLife, including leadership on the Corebridge Financial spin-off and major governance and integration initiatives. The company states there are no arrangements pursuant to which he was named and no related-party interests requiring disclosure under Item 404(a) of Regulation S-K.
Citizens, Inc. (CIA) reported Q3 2025 results. Total revenues were $62,808 thousand, up slightly year over year, with net income of $2,417 thousand and basic and diluted EPS of $0.04. Net investment income was $19,117 thousand, while investment related losses were $(1,255) thousand.
Insurance benefits and expenses totaled $58,329 thousand. Claims and surrenders were $44,276 thousand, partly offset by a $(6,760) thousand decrease in future policy benefit reserves. For the nine months, revenues were $183,546 thousand and net income was $7,253 thousand, with EPS of $0.14.
At September 30, 2025, total assets were $1,742,365 thousand and stockholders’ equity was $225,604 thousand. Fixed maturity securities at fair value were $1,270,045 thousand, with gross unrealized losses of $150,619 thousand; the portfolio was 99.0% investment grade. Accumulated other comprehensive income (loss) was $(89,416) thousand.
CITIZENS, INC. (CIA) reporting person Bryon Matthew Lewis, Chief Operations Officer, reported stock unit vesting and a small sale on August 15, 2025. The filing shows 2,625 restricted stock units (RSUs) deemed acquired on that date (each RSU converts to one Class A share) and a separate disposition of 640 Class A shares sold at $5.10, leaving the reporting person with 14,679.8062 shares after the sale. The derivative table details existing RSU awards from grants dated August 15, 2023; March 28, 2024; and March 31, 2025, with vesting schedules in three equal annual installments. The form is signed and dated August 19, 2025.