Business
Citizens, Inc. Reports First Quarter 2025 Financial Results
Total revenues of $55.7 million in Q1 2025, from $57.7 million in Q1 2024Adjusted total revenues of $58.5 million in Q1 2025, up from $56.7 million in Q1 2024$1.8 million loss before federal income tax in Q1 2025, from $4.9 million income in Q1 2024 Adjusted income before federal income tax of $1.1 million in Q1 2025, from $4.0 million in Q1 2024Book value per Class A share of $4.37 at March 31 2025, ...
About this update from Citizens, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Total revenues of $55.7 million in Q1 2025, from $57.7 million in Q1 2024Adjusted total revenues of $58.5 million in Q1 2025, up from $56.7 million in Q1 2024","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"$1.8 million loss before federal income tax in Q1 2025, from $4.9 million income in Q1 2024 Adjusted income before federal income tax of $1.1 million in Q1 2025, from $4.0 million in Q1 2024","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per Class A share of $4.37 at March 31 2025, from $3.94 at March 31, 2024Adjusted book value per Class A share of $6.12 at March 31, 2025, from $5.95 at March 31, 2024","length":179,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":529,"olType":false},{"type":"text","content":"Austin, Texas--(Newsfile Corp. - May 8, 2025) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today reported results for the first quarter ended March 31, 2025.","length":259,"tagName":"p"},{"type":"text","content":""We continue to deliver on our strategic commitments with our tenth consecutive quarter of year-over-year growth in first year premiums. Our new products and the expansion of our distribution channels led to not only this premium growth, but also our highest-ever total direct insurance in force of $5.28 billion. Our producing agents have increased by 50% since the first quarter of 2024 and we are excited about our Americas Growth Plan, which expands international presence by utilizing our current distributors," said Jon Stenberg, President and Chief Executive Officer. "The investment in our strategic roadmap is designed to deliver clear growth for both premiums and adjusted book value per share. We remain fully committed to profitable growth and capital management, as evidenced by our positive net cash from operations annually since 2004."","length":871,"tagName":"p"},{"type":"text","content":""We believe we're well positioned to drive long-term value creation for our shareholders, supported by our robust global business model. Our competitive advantages in expanding niche markets globally, rapid sales force expansion, and expertise in profitable product development reinforces our outlook,"...