Quarterly ResultMay 7, 2026, 04:21 PM
Citizens Q1 Revenue $59.7M (+7%); Net Income $2.3M from Loss
AI Summary
Citizens, Inc. reported strong first quarter 2026 financial results, with total revenues increasing 7% to $59.7 million and net income reaching $2.3 million, a significant improvement from a $1.6 million loss in the prior year. The company achieved its fourteenth consecutive quarter of year-over-year growth in first year premiums and thirteen consecutive quarters of book value per Class A share growth, which rose 8% to $4.74. Management expressed a positive outlook, expecting continued revenue and profit growth for the full year 2026, driven by strategic investments and an expanding sales force.
Key Highlights
- Total revenues rose 7% to $59.7 million in Q1 2026 from $55.7 million in Q1 2025.
- Net income was $2.3 million in Q1 2026, compared to a $1.6 million loss in Q1 2025.
- Diluted income per Class A share was $0.04 in Q1 2026, up from a $0.03 loss in Q1 2025.
- Book value per Class A share increased 8% to $4.74 on March 31, 2026.
- Direct insurance premiums grew to $43.9 million in Q1 2026 from $42.4 million in Q1 2025.
- International Insurance segment revenues were $40.023 million in Q1 2026.
- Domestic Insurance segment revenues were $19.515 million in Q1 2026.
- The company reported no debt and $1.7 billion in total assets at March 31, 2026.