CITIZENS, INC. (CIA) Form 8-K — Aug 6, 2026

$CIAForm 8-KItems 2.02Filed Aug 6, 2026, 4:07 PM ET0000024090-26-000042Original filing

Citizens, Inc. (NYSE: CIA) reported a second-quarter 2026 net loss of $0.4 million, a swing from $6.5 million of net income a year earlier, as total revenues fell to $60.4 million from $65.1 million. Adjusted net income, which excludes investment-related gains and losses, declined to $0.8 million from $4.2 million, with adjusted diluted EPS of $0.01 versus $0.08. The earnings decline was driven by a $7.7 million increase in future policy benefit reserves tied to growth in the Domestic Insurance segment and tough prior-year comparisons from large reserve releases on matured endowments, plus a $3.9 million drop in investment-related gains on unsold limited partnership assets.

Key figures

Eps: -$0.01 diluted loss per Class A share Q2 2026 vs $0.13 income Q2 2025
Revenue: $60.4 million Q2 2026 vs $65.1 million Q2 2025
Guidance: Expects reduced levels of matured endowments during remainder of 2026 and positive net cash provided by operating activities for the remainder of 2026
Net Income: -$0.4 million net loss Q2 2026 vs $6.5 million net income Q2 2025
Revenue Yoy: Declined from $65.1 million; adjusted total revenues $61.9 million vs $62.7 million
Total Assets: $1.8 billion ($1,752,060 thousand)
Cash Position: $17.0 million cash and cash equivalents, no debt
Portfolio Yield: 4.41% annualized Q2 2026 vs 4.50% prior year
Six Month Revenue: $120.1 million vs $120.7 million
Total Liabilities: $1,516.9 million
Adjusted Net Income: $0.8 million Q2 2026 vs $4.2 million Q2 2025
Operating Cash Flow: $1.7 million net cash provided by operating activities in Q2 2026
Six Month Net Income: $1.8 million vs $4.8 million
Adjusted Diluted EPS: $0.01 Q2 2026 vs $0.08 Q2 2025
Agent Network Growth: Up 6% since June 30, 2025
Six Month Diluted EPS: $0.04 vs $0.10
Stockholders Equity: $235.2 million vs $229.0 million
Net Investment Income: $17.0 million Q2 2026 vs $17.2 million Q2 2025
Adjusted Total Revenues: $61.9 million Q2 2026 vs $62.7 million Q2 2025
Total Investment Income: $18.1 million Q2 2026 vs $17.9 million Q2 2025
Direct Insurance In Force: $5.54 billion vs $5.35 billion
Investment Gains Decline: $3.9 million decline in investment related gains (losses)
Book Value Per Class AShare: $4.64 at June 30, 2026 vs $4.56 at June 30, 2025
Claims Surrenders Decline: $6.5 million decrease in claims and surrenders
Direct Insurance Premiums: $48.1 million Q2 2026 vs $46.4 million Q2 2025
Future Policy Reserve Increase: $7.7 million increase in Q2 2026
Consecutive Quarters BVPSGrowth: 14
Adjusted Book Value Per Class AShare: $6.44 vs $6.22
Consecutive Quarters Premium Growth: 15
Investment Portfolio Carrying Value: $1.4 billion at June 30, 2026

Price after filing

1 day: +0.2%7 days: -15.9%30 days: -14.9%

Close on the filing date to close N calendar days later (from $4.64). Historical, not a forecast.

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