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Citizens (CIA)

Market Price (6/23/2026): $5.89 | Market Cap: $296.3 MilSector: Financials | Industry: Life & Health Insurance

Citizens (CIA)

Market Price (6/23/2026): $5.89
Market Cap: $296.3 Mil
Sector: Financials
Industry: Life & Health Insurance

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.2%, FCF Yield is 5.5%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%

Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care, Diabetes Management, and Oncology Treatments.

Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 39.16

Key risks
CIA key risks include [1] regulatory scrutiny and potential supervisory actions that could adversely affect its ability to execute strategic plans, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.2%, FCF Yield is 5.5%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13%
2 Megatrend and thematic drivers
Megatrends include Aging Population & Chronic Disease. Themes include Geriatric Care, Diabetes Management, and Oncology Treatments.
3 Significant short interest
Short Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 39.16
4 Key risks
CIA key risks include [1] regulatory scrutiny and potential supervisory actions that could adversely affect its ability to execute strategic plans, Show more.

CIA in ETFs

Weight = CIA's share of each fund

VTI0.00%
IWM0.01%
IWN0.02%
VTWO0.01%
DFAS0.00%

Valuation & Metrics

FYE: 12/31CIA [1]S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]$259.7 Mil—
FY 2026 Sales$258.3 Mil—
FY 2027 Sales$271.6 Mil—
FY 2026 Sales Growth-0.5%—
FY 2027 Sales Growth5.1%7.7%
EARNINGS
LTM Net Income (GAAP) [3]$18.5 Mil—
FY 2026 Net Income (Non-GAAP)$15.3 Mil—
FY 2027 Net Income (Non-GAAP)$18.4 Mil—
FY 2027 Net Income Growth20.0%15.1%
FY 2026 EPS (Non-GAAP)$0.30—
FY 2027 EPS (Non-GAAP)$0.36—
FY 2027 EPS Growth20.0%—
VALUATION
FY 2026 P/S1.13.2
FY 2027 P/S1.1—
FY 2026 P/E19.420.4
FY 2027 P/E16.1—

[1] CIA forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 6/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).
CIAS&P 500
REVENUE GROWTHFAIR
Rev LTM ($ Bil)0.3
Rev Chg Q7.3%8.8%
Rev Chg LTM6.9%7.5%
Rev Chg 3Y Avg3.7%5.9%
PROFITABILITYPOOR
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)0.0
Net Inc LTM ($ Bil)0.0
CFO/Rev LTM6.5%21.4%
Net Inc Mgn7.1%13.0%
VALUATIONMODERATE
P/S1.13.2
P/CFO17.514.9
P/FCF18.219.1
P/E16.024.2

AI Analysis | Feedback

MetricValueDateSource
Total direct insurance in forceover $5.2 billion12312024Link
Insurance issued$262.6 million12312024Link
Global producing agentsup 72% since December 31, 202312312024Link
Number of countries with policies in forcemore than 753132025Link
Producing agents increase since year-end 202428%8072025Link

Price Chart

Upcoming
8/06/2026Earnings ReleaseRev: $63 Mil (E)
EPS: $0.07 (E)

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/22/2026

Citizens (CIA) stock has gained about 10% since 2/28/2026 because of the following key factors:

1. Strong Fiscal Q1 2026 Earnings Beat and Revenue Growth. Citizens Financial Group (CFG) reported robust results for fiscal Q1 2026 (ended March 31, 2026) on April 16, 2026. The company posted an Earnings Per Share (EPS) of $1.13, surpassing analyst estimates of $1.10, and revenue of $2.17 billion, slightly above the $2.16 billion forecast. Net income increased by 39% year-over-year to $517 million, with diluted EPS climbing 47% compared to the prior-year period.

2. Expansion in Net Interest Margin (NIM) and Positive Operating Leverage. A significant driver of the strong performance was the continued expansion in Citizens Financial Group's Net Interest Margin (NIM), which reached 3.14% in fiscal Q1 2026. This represented an 8 basis point increase quarter-over-quarter and a 25 basis point rise year-over-year, largely due to declining funding costs and favorable balance sheet dynamics. The company also demonstrated positive operating leverage of 7.2% year-over-year, indicating efficient cost management relative to revenue growth.

Show more
Updated on 6/22/2026

Citizens (CIA) stock has gained about 10% since 2/28/2026 because of the following key factors:

1. Strong Fiscal Q1 2026 Earnings Beat and Revenue Growth. Citizens Financial Group (CFG) reported robust results for fiscal Q1 2026 (ended March 31, 2026) on April 16, 2026. The company posted an Earnings Per Share (EPS) of $1.13, surpassing analyst estimates of $1.10, and revenue of $2.17 billion, slightly above the $2.16 billion forecast. Net income increased by 39% year-over-year to $517 million, with diluted EPS climbing 47% compared to the prior-year period.

2. Expansion in Net Interest Margin (NIM) and Positive Operating Leverage. A significant driver of the strong performance was the continued expansion in Citizens Financial Group's Net Interest Margin (NIM), which reached 3.14% in fiscal Q1 2026. This represented an 8 basis point increase quarter-over-quarter and a 25 basis point rise year-over-year, largely due to declining funding costs and favorable balance sheet dynamics. The company also demonstrated positive operating leverage of 7.2% year-over-year, indicating efficient cost management relative to revenue growth.

3. Robust Capital Management and Shareholder Returns. Citizens Financial Group maintained a strong capital position, reporting a Common Equity Tier 1 (CET1) ratio of 10.5% in fiscal Q1 2026. The company actively returned value to shareholders by repurchasing $300 million of common stock during the quarter and declaring a quarterly common stock dividend of $0.46 per share.

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Stock Movement Drivers

Fundamental Drivers

The 8.5% change in CIA stock from 2/28/2026 to 6/22/2026 was primarily driven by a 61.7% change in the company's Net Income Margin (%).
(LTM values as of)22820266222026Change
Stock Price ($)5.425.888.5%
Change Contribution By: 
Total Revenues ($ Mil)2472605.1%
Net Income Margin (%)4.4%7.1%61.7%
P/E Multiple25.116.0-36.1%
Shares Outstanding (Mil)5050-0.1%
Cumulative Contribution8.5%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/22/2026
ReturnCorrelation
CIA8.5% 
Market (SPY)8.8%37.6%
Sector (XLF)5.0%40.2%

Fundamental Drivers

The -1.3% change in CIA stock from 11/30/2025 to 6/22/2026 was primarily driven by a -41.9% change in the company's P/E Multiple.
(LTM values as of)113020256222026Change
Stock Price ($)5.965.88-1.3%
Change Contribution By: 
Total Revenues ($ Mil)2472605.1%
Net Income Margin (%)4.4%7.1%61.7%
P/E Multiple27.616.0-41.9%
Shares Outstanding (Mil)5050-0.1%
Cumulative Contribution-1.3%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/22/2026
ReturnCorrelation
CIA-1.3% 
Market (SPY)9.5%31.1%
Sector (XLF)1.6%32.6%

Fundamental Drivers

The 59.8% change in CIA stock from 5/31/2025 to 6/22/2026 was primarily driven by a 97.7% change in the company's Net Income Margin (%).
(LTM values as of)53120256222026Change
Stock Price ($)3.685.8859.8%
Change Contribution By: 
Total Revenues ($ Mil)2432606.9%
Net Income Margin (%)3.6%7.1%97.7%
P/E Multiple21.016.0-23.8%
Shares Outstanding (Mil)5050-0.8%
Cumulative Contribution59.8%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/22/2026
ReturnCorrelation
CIA59.8% 
Market (SPY)27.7%29.0%
Sector (XLF)7.0%28.3%

Fundamental Drivers

The 180.0% change in CIA stock from 5/31/2023 to 6/22/2026 was primarily driven by a 273.6% change in the company's P/E Multiple.
(LTM values as of)53120236222026Change
Stock Price ($)2.105.88180.0%
Change Contribution By: 
Total Revenues ($ Mil)23326011.4%
Net Income Margin (%)10.5%7.1%-32.1%
P/E Multiple4.316.0273.6%
Shares Outstanding (Mil)5050-0.9%
Cumulative Contribution180.0%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/22/2026
ReturnCorrelation
CIA180.0% 
Market (SPY)85.1%29.2%
Sector (XLF)77.5%27.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CIA Return-7%-60%26%49%20%21%2%
Peers Return36%12%10%24%10%11%154%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
CIA Win Rate67%25%75%58%42%50% 
Peers Win Rate68%57%58%63%65%60% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
CIA Max Drawdown-30%-62%-54%-36%-41%-27% 
Peers Max Drawdown-13%-23%-23%-14%-18%-14% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

[1] Cumulative total returns since the beginning of 2021
[2] Peers: MFC, AFL, MET, PRU, PFG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/22/2026 (YTD)

How Low Can It Go

EventCIAS&P 500
2025 US Tariff Shock
  % Loss-35.1%-18.8%
  % Gain to Breakeven54.0%23.1%
  Time to Breakeven66 days79 days
2023 SVB Regional Banking Crisis
  % Loss-37.4%-6.7%
  % Gain to Breakeven59.8%7.1%
  Time to Breakeven87 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-53.7%-24.5%
  % Gain to Breakeven116.1%32.4%
  Time to Breakeven896 days427 days
2020 COVID-19 Crash
  % Loss-34.9%-33.7%
  % Gain to Breakeven53.7%50.9%
  Time to Breakeven12 days140 days
2014-2016 Oil Price Collapse
  % Loss-24.9%-6.8%
  % Gain to Breakeven33.1%7.3%
  Time to Breakeven42 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-14.6%-17.9%
  % Gain to Breakeven17.1%21.8%
  Time to Breakeven8 days123 days

Compare to MFC, AFL, MET, PRU, PFG

In The Past

Citizens's stock fell -35.1% during the 2025 US Tariff Shock. Such a loss loss requires a 54.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCIAS&P 500
2025 US Tariff Shock
  % Loss-35.1%-18.8%
  % Gain to Breakeven54.0%23.1%
  Time to Breakeven66 days79 days
2023 SVB Regional Banking Crisis
  % Loss-37.4%-6.7%
  % Gain to Breakeven59.8%7.1%
  Time to Breakeven87 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-53.7%-24.5%
  % Gain to Breakeven116.1%32.4%
  Time to Breakeven896 days427 days
2020 COVID-19 Crash
  % Loss-34.9%-33.7%
  % Gain to Breakeven53.7%50.9%
  Time to Breakeven12 days140 days
2014-2016 Oil Price Collapse
  % Loss-24.9%-6.8%
  % Gain to Breakeven33.1%7.3%
  Time to Breakeven42 days15 days
2008-2009 Global Financial Crisis
  % Loss-23.5%-53.4%
  % Gain to Breakeven30.7%114.4%
  Time to Breakeven43 days1085 days
Summer 2007 Credit Crunch
  % Loss-32.5%-8.6%
  % Gain to Breakeven48.1%9.5%
  Time to Breakeven13 days47 days

Compare to MFC, AFL, MET, PRU, PFG

In The Past

Citizens's stock fell -35.1% during the 2025 US Tariff Shock. Such a loss loss requires a 54.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Citizens (CIA)

Citizens, Inc. (CIA) is an insurance company that provides a range of life insurance products, operating both domestically within the United States and internationally. Beyond life insurance, the company also offers property and health insurance policies.

One of its primary business segments focuses on issuing ordinary whole life insurance and endowment policies. These U.S. dollar-denominated policies are specifically targeted at non-U.S. residents, distributed through independent marketing agencies and consultants.

The company's Home Service Insurance segment caters to middle- and lower-income households, mainly in Louisiana, Mississippi, and Arkansas. This segment provides final expense life insurance, whole life products, and property insurance, utilizing funeral homes and independent agents for distribution. Citizens also offers health insurance policies.

AI Analysis | Feedback

Here are 1-3 brief analogies for Citizens, Inc.:

  • It's like a specialized MetLife or Prudential, focusing on U.S. dollar life insurance for non-U.S. residents and final expense policies sold through funeral homes in specific U.S. states.
  • Imagine a traditional life insurance company like New York Life, but with a unique focus on selling U.S. dollar life insurance abroad and specialized final expense plans domestically.

AI Analysis | Feedback

  • Ordinary Whole Life Insurance: Provides lifetime insurance coverage primarily for non-U.S. residents.
  • Endowment Policies: Offers a lump sum payment on a specified date or upon death, primarily for non-U.S. residents.
  • Final Expense Life Insurance: Designed to cover funeral and other end-of-life costs for middle and lower-income households in specific U.S. states.
  • Home Service Whole Life Insurance: Provides traditional whole life insurance policies to middle and lower-income households in Louisiana, Mississippi, and Arkansas.
  • Property Insurance: Protects against risks to physical property, offered to middle and lower-income households in specific U.S. states.
  • Health Insurance Policies: Offers coverage for medical expenses.

AI Analysis | Feedback

Citizens (symbol: CIA) sells primarily to individuals rather than other companies. Its major customer categories include:

  • Non-U.S. Residents: Individuals residing outside the United States who purchase ordinary whole life insurance and endowment policies.
  • Middle-and Lower-Income Households (U.S.): Individuals and families, primarily located in Louisiana, Mississippi, and Arkansas, who purchase final expense life insurance and property insurance policies.

AI Analysis | Feedback

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AI Analysis | Feedback

Jon Stenberg

President and Chief Executive Officer

Jon Stenberg was appointed President of Citizens, Inc. in March 2024 and subsequently became Chief Executive Officer effective July 1, 2024. He brings over 30 years of experience in the life insurance industry, where he has focused on building high-performing teams and scaling revenue for various enterprises. Prior to joining Citizens, Inc., Mr. Stenberg served as Executive Vice President of the Individual Life Division of Symetra Life Insurance Company from 2017 through 2022, where he successfully pivoted its business model, leading to significant sales growth and improved profitability. He also held roles as General Manager and Executive Vice President of Ameriprise Financial / Riversource Life from 2011 to 2017, Head of Retail Insurance and Senior Vice President of New York Life from 2008 to 2010, and Head of Insurance and Executive Director/President of UBS Insurance Agency from 2006 to 2008. Additionally, he was a partner at Blackbird International, where he provided consulting services to several life insurance companies. Mr. Stenberg is a veteran of the U.S. Army and holds an MBA from the Wharton School of Business.

Jeffery P. Conklin

Chief Financial Officer, Chief Investment Officer, and Treasurer

Jeffery P. Conklin joined Citizens, Inc. in May 2017 and currently holds the positions of Chief Financial Officer, Chief Investment Officer, and Treasurer. Before assuming his current roles, he served as Vice President, Chief Accounting Officer, and Treasurer since September 2017, and as Chief Investment Officer since March 2019. Mr. Conklin also took on the role of Interim Chief Financial Officer from March 2019 to September 2019 and was Vice President, Chief Accounting Officer from May 2017 to September 2017.

Sheryl Kinlaw

Chief Legal Officer & Secretary

Sheryl Kinlaw serves as the Chief Legal Officer and Secretary for Citizens, Inc. She has over 20 years of experience as a senior-level and general counsel for both public and private companies, primarily within the financial products and technology sectors. Her expertise includes leading cross-functional teams in matters related to securities, finance, mergers and acquisitions (M&A), governance, compliance, and general corporate affairs. Previously, Ms. Kinlaw held senior in-house counsel positions at publicly traded companies, FIC Insurance Group and THQ, and served as General Counsel at the private company Fallbrook Technologies.

Bryon Matthew Lewis

Chief Operations Officer

Bryon Matthew Lewis was appointed as an Executive Officer of Citizens, Inc. in March 2024 and was promoted to Chief Operations Officer, effective January 30, 2025. He previously served as Vice President of Operations since November 2021 and worked as an Operations consultant for the company starting in July 2021. Mr. Lewis is an operations and technology senior leader whose prior experience includes roles as IS Director of HP Infrastructure and Planning at Baylor Scott and White Health from 2019 to 2021 and AVP of IT Operations from July 2017 to 2019. He also served as Project Engineering Director at E2Open from December 2013 to 2017.

Paula Guerrero

Chief Information Officer

Paula Guerrero was promoted to Chief Information Officer of Citizens, Inc., effective February 3, 2025, after joining the company in 2021 as Vice President of Information Technology. Under her leadership, the company has enhanced its processes and technology to optimize insurance sales cycles and support global business expansion. Before her tenure at Citizens, Ms. Guerrero held significant IT leadership positions at Baylor, Scott & White Health, as IT Director-Health Plan Integration and Software Development, and at FirstCare Health Plans, as Assistant Vice President of Application Services.

AI Analysis | Feedback

Here are the key risks to Citizens, Inc. (symbol: CIA): Risk 1: Exposure to International Markets and Associated Regulatory and Geopolitical Risks
Citizens, Inc. has significant exposure to international markets, with approximately 64% of its direct premiums derived from international policies sold to non-U.S. residents, primarily in Latin America and the Pacific Rim. This dependence on non-admitted international sales makes the company vulnerable to diverse and often complex foreign regulations, currency controls, and political instability in the countries where its policyholders reside. The company has noted a lack of uniform regulation and clarity in certain foreign insurance laws and is exploring alternatives to its current business model in some jurisdictions. Risk 2: Sensitivity to Interest Rate Fluctuations and Investment Performance
As a life insurance company, Citizens, Inc.'s financial performance is heavily reliant on its investment returns, particularly from its portfolio of fixed-maturity securities. The company's profitability is significantly impacted by changes in interest rates, which can affect investment yields and the spreads on its long-duration insurance products. A sustained low-interest rate environment can constrain investment income and compress margins, while rapid changes could lead to adverse effects on its portfolio's valuation. The ability to correctly manage investment returns is crucial for its overall profitability. Risk 3: Underwriting Risk and Actuarial Assumptions for Long-Duration Products
Citizens, Inc.'s profitability is highly dependent on its ability to accurately price insurance policies and manage policy persistency. Key vulnerabilities include the assumptions made for pricing and lapse rates, especially for its long-duration products, under accounting standards like LDTI (Long-Duration Targeted Improvements). Any deviation from these pricing and lapse assumptions could materially affect the company's profitability and financial condition.

AI Analysis | Feedback

The emergence of Insurtech companies and digital-first insurance platforms.

AI Analysis | Feedback

For Citizens, Inc. (symbol: CIA), the addressable markets for its main products and services are as follows:

  • Life Insurance (Ordinary whole life insurance and endowment policies to non-U.S. residents): The global whole life insurance market was valued at approximately USD 176.54 billion in 2023. Citizens, Inc. specifically targets non-U.S. residents for these products.
  • Final Expense Life Insurance (U.S.): The global final expense insurance market was estimated at USD 16.27 billion in 2025. Citizens, Inc. provides these policies to middle- and lower-income households in Louisiana, Mississippi, and Arkansas, which are part of this broader global market.
  • Property Insurance (Louisiana, Mississippi, and Arkansas): null
  • Health Insurance Policies: The United States health and medical insurance market is estimated to be USD 1.65 trillion in 2026.

AI Analysis | Feedback

Citizens, Inc. (CIA) is expected to drive future revenue growth over the next two to three years through several key strategies:

  1. Expansion of the producing agent network: Citizens, Inc. has demonstrated a significant focus on growing its sales force. The company reported a 22% increase in producing agents year-over-year in the fourth quarter of 2025, and a 29% increase from year-end 2024. This expansion is a key factor fueling 13 consecutive quarters of year-over-year growth in first-year premiums.
  2. Broadening product offerings and new product launches: Management has emphasized that broadening product offerings is a driver for record full-year and fourth-quarter revenue, as well as total direct insurance in force. This includes innovative products, particularly within the domestic final expense and critical illness segments, and a white-label program for its final expense business.
  3. Deeper penetration in niche international and domestic markets: Citizens, Inc. focuses on specialized life insurance markets. International policies, primarily in Latin America and the Pacific Rim, account for approximately 64% of direct premiums, while the domestic final-expense business continues to expand. The company leverages multilingual capabilities (Spanish, Mandarin, and Portuguese) to reach diverse communities in the United States, such as Hispanic and Asian populations, indicating a strategy of deepening penetration within these underserved niches.
  4. Organic growth in direct premiums and insurance in force: The company's strategic roadmap is designed to deliver sustained growth in premiums. Citizens, Inc. achieved record total direct insurance in force of $5.43 billion in 2025, marking a 3.9% increase from 2024. Direct premiums for the full year 2025 increased by 6% to $188.8 million, representing the second consecutive year of total premium revenue growth. This consistent organic growth in its core insurance products is a fundamental revenue driver.

AI Analysis | Feedback

Share Repurchases

  • Citizens, Inc. authorized a new share repurchase program of up to $8 million of its Class A common stock in May 2022.
  • As of December 31, 2023, $4.4 million remained available under the existing share repurchase authorization.

Share Issuance

  • Citizens Inc. had 50 million shares outstanding in Q3 2025, reflecting a 0.1% increase from the prior quarter.
  • The company reported 50,299,741 shares of Class A common stock outstanding as of March 6, 2026.

Inbound Investments

  • Continental General Insurance Co. significantly increased its stake in Citizens, Inc. by 274.2% in Q3 2025, acquiring an additional 1,182,902 shares to hold a total of 1,614,275 shares, valued at approximately $8.48 million.

Outbound Investments

  • No significant outbound investments or acquisitions of other companies by Citizens, Inc. were identified within the last 3-5 years. The company's strategy mentions the acquisition of other U.S.-based life insurance companies, but specific instances were not detailed in the available information.

Capital Expenditures

  • Citizens Inc. invested $60,000 in capital expenditures in Q3 2025.
  • The company is focused on "technology modernization," indicating an ongoing or planned area for capital expenditures, including transitioning from its legacy administration system to an upgraded technology platform.
  • Investment in the company's strategic roadmap is designed to drive growth for premiums and adjusted book value per share.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Citizens Stock Up 7.4%, Buy Or Wait?10/17/2025
Title
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Financials

CIAMFCAFLMETPRUPFGMedian
NameCitizens Manulife.Aflac MetLife Prudenti.Principa. 
Mkt Price5.8840.34116.5587.56108.26111.2397.91
Mkt Cap0.367.659.857.137.624.247.4
Rev LTM26053,19218,31075,96462,97615,45935,751
Op Inc LTM-------
FCF LTM1628,7712,93415,5179,7853,6316,708
FCF 3Y Avg2126,5342,84315,3576,9834,0515,517
CFO LTM1728,7712,93415,5179,7853,7466,766
CFO 3Y Avg2126,5342,84315,3576,9834,1415,562

Growth & Margins

CIAMFCAFLMETPRUPFGMedian
NameCitizens Manulife.Aflac MetLife Prudenti.Principa. 
Rev Chg LTM6.9%17.3%6.8%4.5%3.8%-2.0%5.6%
Rev Chg 3Y Avg3.7%21.4%-0.6%3.6%0.4%-3.3%2.0%
Rev Chg Q7.3%1.5%27.7%1.8%14.8%-4.5%4.6%
QoQ Delta Rev Chg LTM1.6%0.3%5.5%0.4%3.3%-1.1%1.0%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM6.5%54.1%16.0%20.4%15.5%24.2%18.2%
CFO/Rev 3Y Avg8.7%56.3%15.5%21.2%11.3%26.9%18.4%
FCF/Rev LTM6.3%54.1%16.0%20.4%15.5%23.5%18.2%
FCF/Rev 3Y Avg8.4%56.3%15.5%21.2%11.3%26.3%18.4%

Valuation

CIAMFCAFLMETPRUPFGMedian
NameCitizens Manulife.Aflac MetLife Prudenti.Principa. 
Mkt Cap0.367.659.857.137.624.247.4
P/S1.11.33.30.80.61.61.2
P/Op Inc-------
P/EBIT-7.210.29.7--9.7
P/E16.010.512.915.810.915.514.2
P/CFO17.52.320.43.73.86.45.1
Total Yield6.2%14.5%9.8%9.0%14.4%9.3%9.5%
Dividend Yield0.0%5.0%2.0%2.6%5.1%2.8%2.7%
FCF Yield 3Y Avg12.5%50.8%5.2%30.0%18.5%20.7%19.6%
D/E0.00.20.10.40.60.20.2
Net D/E-0.1-0.2-1.1-1.7-1.6-1.1-1.1

Returns

CIAMFCAFLMETPRUPFGMedian
NameCitizens Manulife.Aflac MetLife Prudenti.Principa. 
1M Rtn19.0%5.7%-1.1%4.2%5.4%8.0%5.5%
3M Rtn25.6%18.5%9.8%27.5%16.4%29.5%22.1%
6M Rtn7.3%12.6%7.0%9.2%-3.1%26.8%8.3%
12M Rtn62.0%36.7%15.2%13.9%9.4%50.5%26.0%
3Y Rtn137.1%153.0%85.1%79.8%49.7%71.0%82.5%
1M Excs Rtn22.0%4.7%-1.1%5.6%5.8%8.5%5.7%
3M Excs Rtn12.1%5.6%-4.6%13.8%3.1%16.9%8.9%
6M Excs Rtn-6.0%4.2%-4.6%-3.5%-15.0%15.4%-4.1%
12M Excs Rtn48.0%11.9%-9.0%-10.1%-15.3%26.8%1.5%
3Y Excs Rtn87.0%68.3%9.9%6.9%-24.1%0.2%8.4%

Comparison Analyses

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Financials

$ Mil | FY: 12/312026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q2
Period End3/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/2023
Filing Date5/7/20263/12/202611/6/20258/7/20255/8/20253/13/202511/7/20248/6/20245/7/20243/14/202411/6/20238/4/2023
Key Financials Quarterly            
Total Revenue607263655663626258675959
Net Income2726-243451136
EPS0.050.150.040.13-0.030.070.060.080.090.210.060.12
Key Financials TTM            
Total Revenue TTM260256247246243245248246242241241238
Net Income TTM18151111915222224242728
Growth Rates Quarterly            
Total Revenue Growth7.3%13.5%1.7%4.8%-3.6%-5.0%3.9%6.1%3.2%-0.6%5.7%8.9%
Net Income Growth239.7%102.7%-13.4%63.1%-135.7%-66.3%3.4%-35.4%-6.8%-21.4%-20.8%145.8%
Margins Quarterly            
Net Income Margin3.8%10.2%3.8%9.9%-2.9%5.7%4.5%6.4%7.9%16.1%4.5%10.5%
Cash & Debt            
Total Cash37505342481,2494640381,2663136
Total Debt000000000000
Net Debt / (Cash)-37-50-53-42-48-1,249-46-40-38-1,266-31-36
Cash Flows Quarterly            
FCF from Operations-09531111057735
Cash Flows TTM            
FCF from Operations TTM171820252632282121223347
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases-0-0-0-0-00-0-0-00-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC8.8%32.7%11.5%25.5%-7.1%-13.2%17.1%21.0%-16.2%40.4%
Return on Invested Capital (ROIC) TTM            
ROIC TTM17.8%16.2%12.9%11.1%9.1%-23.7%28.1%27.9%-41.1%46.9%

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
International Insurance176171   
Domestic Insurance7973   
Other Non-Insurance Enterprises11112
Home Service Insurance  596163
Life Insurance  180170186
Total256245241233251


Operating Income by Segment
$ Mil20152014201320122011
Home Service Insurance43666
Other Non-Insurance Enterprises-2-1-1-1-0
Life Insurance-5-5216
Total-3-37611


Net Income by Segment
$ Mil20152014201220112010
Life Insurance3026181717
Home Service Insurance1413131313
Other Non-Insurance Enterprises211 1
Total4641322930


Assets by Segment
$ Mil20252024202320222021
International Insurance1,1911,152   
Domestic Insurance529499   
Other Non-Insurance Enterprises3535425557
Home Service Insurance  360342408
Life Insurance  1,2671,1941,390
Total1,7551,6851,6691,5911,855


Price Behavior

Price Behavior
Market Price$5.88 
Market Cap ($ Bil)0.3 
First Trading Date12/05/1988 
Distance from 52W High-5.3% 
   50 Days200 Days
DMA Price$5.38$5.41
DMA Trendupup
Distance from DMA9.3%8.7%
 3M1YR
Volatility43.2%52.3%
Downside Capture114.61140.86
Upside Capture143.35159.21
Correlation (SPY)30.6%32.1%
CIA Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.161.311.351.371.311.15
Up Beta0.161.201.091.251.661.11
Down Beta0.64-0.820.341.131.371.49
Up Capture58%90%135%116%130%119%
Bmk +ve Days13283667141432
Stock +ve Days8213163127382
Down Capture301%306%208%168%109%98%
Bmk -ve Days7132757109318
Stock -ve Days10182854110343

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CIA
CIA76.3%52.9%1.26-
Sector ETF (XLF)8.6%14.6%0.3530.2%
Equity (SPY)26.1%12.4%1.5931.8%
Gold (GLD)24.1%27.5%0.7712.3%
Commodities (DBC)18.5%18.8%0.77-2.7%
Real Estate (VNQ)11.8%13.8%0.5720.3%
Bitcoin (BTCUSD)-40.2%42.5%-1.0924.9%

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Based On 5-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CIA
CIA3.2%58.5%0.29-
Sector ETF (XLF)9.5%18.6%0.3920.2%
Equity (SPY)13.4%17.1%0.6123.2%
Gold (GLD)17.1%18.3%0.767.4%
Commodities (DBC)7.5%19.4%0.285.9%
Real Estate (VNQ)2.1%18.9%0.0114.5%
Bitcoin (BTCUSD)9.4%54.1%0.378.0%

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Based On 10-Year Data
Annualized
Return		Annualized
Volatility		Sharpe
Ratio		Correlation
with CIA
CIA-2.3%52.5%0.16-
Sector ETF (XLF)13.2%22.2%0.5433.0%
Equity (SPY)15.4%18.0%0.7331.2%
Gold (GLD)12.2%16.1%0.624.7%
Commodities (DBC)6.0%18.0%0.2610.4%
Real Estate (VNQ)5.4%20.7%0.2323.6%
Bitcoin (BTCUSD)59.9%66.8%1.007.5%

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Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity3.7 Mil
Short Interest: % Change Since 51520262.7%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest39.2 days
Basic Shares Quantity50.3 Mil
Short % of Basic Shares7.4%

Returns Analyses

Earnings Returns History

Updated 6/18/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/20256.8%18.4%25.9%
5/8/2025-5.7%2.5%-8.7%
3/13/20254.0%17.1%-10.9%
11/7/2024-5.4%-10.0%-16.7%
8/6/20241.6%10.5%24.3%
5/7/202411.8%20.3%40.1%
3/14/2024-5.6%-14.7%-13.9%
11/6/2023-4.9%2.9%4.9%
...
SUMMARY STATS   
# Positive81411
# Negative1269
Median Positive3.7%13.8%24.3%
Median Negative-2.2%-4.9%-12.0%
Max Positive11.8%53.6%40.1%
Max Negative-5.7%-14.7%-16.7%
 Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/20256.8%18.4%25.9%
5/8/2025-5.7%2.5%-8.7%
3/13/20254.0%17.1%-10.9%
11/7/2024-5.4%-10.0%-16.7%
8/6/20241.6%10.5%24.3%
5/7/202411.8%20.3%40.1%
3/14/2024-5.6%-14.7%-13.9%
11/6/2023-4.9%2.9%4.9%
8/4/20236.4%18.0%13.5%
5/9/20231.2%20.7%26.6%
3/13/2023-3.1%-6.6%-15.9%
11/4/2022-0.5%53.6%28.4%
8/4/2022-0.5%-1.6%-3.4%
5/5/2022-1.6%25.3%32.0%
3/14/2022-0.2%0.2%-0.2%
11/4/20213.5%-2.0%-12.0%
8/5/20210.5%6.1%7.7%
5/5/2021-0.3%-3.1%-15.2%
11/4/2020-0.9%7.7%10.1%
8/5/2020-2.7%0.9%3.6%
SUMMARY STATS   
# Positive81411
# Negative1269
Median Positive3.7%13.8%24.3%
Median Negative-2.2%-4.9%-12.0%
Max Positive11.8%53.6%40.1%
Max Negative-5.7%-14.7%-16.7%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/13/202510-K
09/30/202411/07/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202303/14/202410-K
09/30/202311/06/202310-Q
06/30/202308/04/202310-Q
03/31/202305/08/202310-Q
12/31/202203/10/202310-K
09/30/202211/04/202210-Q
06/30/202208/04/202210-Q
 Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
12/31/202503/12/202610-K
09/30/202511/06/202510-Q
06/30/202508/07/202510-Q
03/31/202505/08/202510-Q
12/31/202403/13/202510-K
09/30/202411/07/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202303/14/202410-K
09/30/202311/06/202310-Q
06/30/202308/04/202310-Q
03/31/202305/08/202310-Q
12/31/202203/10/202310-K
09/30/202211/04/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202103/11/202210-K
09/30/202111/04/202110-Q
06/30/202108/04/202110-Q
03/31/202105/05/202110-Q
12/31/202003/10/202110-K
09/30/202011/04/202010-Q
06/30/202008/05/202010-Q
03/31/202005/07/202010-Q
12/31/201903/11/202010-K
09/30/201911/06/201910-Q
06/30/201908/07/201910-Q

Insider Activity

Updated 6/4/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Stenberg, JonPresident & CEODirectBuy52620264.8210,00048,1921,578,645Form
2Davis, Cynthia H SpouseBuy42020264.53100453453Form
3Stenberg, JonPresident & CEODirectBuy33120264.7050,000235,0001,445,715Form
4Stenberg, JonPresident & CEODirectBuy31920264.8110,00048,0751,004,431Form
5Stenberg, JonPresident & CEODirectBuy61820253.3319,91466,407663,372Form
 Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value		Value of
Held Shares		Form
1Stenberg, JonPresident & CEODirectBuy52620264.8210,00048,1921,578,645Form
2Davis, Cynthia H SpouseBuy42020264.53100453453Form
3Stenberg, JonPresident & CEODirectBuy33120264.7050,000235,0001,445,715Form
4Stenberg, JonPresident & CEODirectBuy31920264.8110,00048,0751,004,431Form
5Stenberg, JonPresident & CEODirectBuy61820253.3319,91466,407663,372Form
6Stenberg, JonPresident & CEODirectBuy60220253.6930,000110,838661,393Form
7Stenberg, JonPresident & CEOSpouseBuy60220253.804,85018,430491,009Form

Industry Resources

External Quote Links


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Core Cache Last Updated: 6/22/2026