Earnings Releases·Nov 5, 2026, 4:11 PM ET

Citizens, Inc. — Third Quarter 2026 Earnings Summary

Total revenues rose 3.5% year-over-year to $65 million, driven by a 7% increase in direct insurance premiums to $50 million, though adjusted total revenues declined 0.8% to $63.6 million due to lower net investment income.
The company reported a net loss of $0.4 million ($0.01 per share) and adjusted net income of $1 thousand ($0.00 per share), contrasting with net income of $2.4 million and adjusted net income of $3.4 million in the prior year period.
Strategic initiatives include a 12% increase in the domestic producing agent network and an investment in a third-party, cloud-based technology ecosystem to enhance underwriting and administration capabilities.
Balance sheet metrics show total assets decreased to $1.7 billion and book value per share fell to $4.37, while adjusted book value per share increased to $6.44; the company maintains $17.6 million in cash with no debt.
Management anticipates reduced impact from endowment maturities in future periods as fewer contracts expire, despite current segment constraints from unfavorable persistency in Domestic Insurance and high surrenders in International Insurance.