Company profile

Ticker
CIA
Exchange
CEO
Geoffrey Martin Kolander
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Citizens Inc
SEC CIK
IRS number
840755371

CIA stock data

(
)

Calendar

7 May 20
2 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 55.72M 69.81M 61.47M 56.87M
Net income -3.58M 4.95M 2.05M -4.57M
Net profit margin -6.43% 7.09% 3.33% -8.03%
Net change in cash -11.26M -942K 12.58M 475K
Cash on hand 34.94M 46.21M 47.15M 34.57M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 250.55M 244.01M 252.63M 245.41M
Net income -1.37M -11.06M -38.13M 1.97M
Net profit margin -0.55% -4.53% -15.09% 0.80%
Net change in cash 713K -572K 10.55M -47.32M
Cash on hand 46.21M 45.49M 46.06M 35.51M

Financial data from Citizens earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
4 Jun 20 Claus Christopher W Citizens, Inc. Class A Common Stock Option exercise Aquire M 0 1,556 0 3,016
4 Jun 20 Claus Christopher W RSU Class A Common Stock Option exercise Dispose M 0 1,556 0 0
4 Jun 20 Davis Jerry Dodd Jr. Citizens, Inc. Class A Common Stock Option exercise Aquire M 0 1,556 0 3,016
4 Jun 20 Davis Jerry Dodd Jr. RSU Class A Common Stock Option exercise Dispose M 0 1,556 0 0
4 Jun 20 Keating Frank A Citizens, Inc. Class A Common Stock Option exercise Aquire M 0 1,556 0 3,016
4 Jun 20 Keating Frank A RSU Class A Common Stock Option exercise Dispose M 0 1,556 0 0
4 Jun 20 Gage Errol Dean Citizens, Inc. Class A Common Stock Option exercise Aquire M 0 1,556 0 4,795.44
4 Jun 20 Gage Errol Dean RSU Class A Common Stock Option exercise Dispose M 0 1,556 0 0
4 Jun 20 Maness Terry Sam Citizens, Inc. Class A Common Stock Option exercise Aquire M 0 1,556 0 3,016
4 Jun 20 Maness Terry Sam RSU Class A Common Stock Option exercise Dispose M 0 1,556 0 0
23.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 58 57 +1.8%
Opened positions 6 4 +50.0%
Closed positions 5 6 -16.7%
Increased positions 23 24 -4.2%
Reduced positions 19 14 +35.7%
13F shares
Current Prev Q Change
Total value 529.73M 603.61M -12.2%
Total shares 12.41M 12.36M +0.5%
Total puts 0 0
Total calls 29.3K 82.4K -64.4%
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 3.63M $23.7M +0.6%
Vanguard 2.39M $15.58M +4.5%
Dimensional Fund Advisors 1.35M $8.79M -1.2%
STT State Street 1.03M $6.69M -2.4%
Geode Capital Management 674.01K $4.39M +7.8%
NTRS Northern Trust 621.74K $4.05M +4.2%
Renaissance Technologies 457.6K $2.98M +6.9%
Charles Schwab Investment Management 325.41K $2.12M +2.5%
BK Bank Of New York Mellon 208.56K $1.36M -0.1%
Nuveen Asset Management 195.5K $1.28M -0.2%
Largest transactions
Shares Bought/sold Change
Vanguard 2.39M +103.42K +4.5%
MS Morgan Stanley 5.03K -62.82K -92.6%
UBS UBS 43.65K -59.25K -57.6%
Geode Capital Management 674.01K +48.75K +7.8%
BCS Barclays 16.45K -33.96K -67.4%
Parametric Portfolio Associates 58.9K +31.13K +112.1%
Squarepoint Ops 0 -29.88K EXIT
Renaissance Technologies 457.6K +29.6K +6.9%
Citadel Advisors 31.4K -27.06K -46.3%
STT State Street 1.03M -25.08K -2.4%

Financial report summary

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Risks
  • Our sales to residents of foreign countries expose us to additional risks. A significant loss of sales in these foreign markets could have a material adverse effect on our results of operations and financial condition.
  • Catastrophes may adversely impact liabilities for policyholder claims and reinsurance availability and disrupt our operations.
  • Our financial condition and results of operations may be affected if the liabilities actually incurred differ, or if our estimates of those liabilities change, from the amounts we have reserved for in connection with missed tax reporting or noncompliance of some of our products with the Internal Revenue Code.
  • CICA Ltd. is subject to extensive supervision and regulation by the Bermuda Monetary Authority and the Ministry of Finance of Bermuda (“MOF”). Failure to comply with regulation by the BMA and the MOF may increase our costs of doing business, restrict the conduct of our business and negatively impact our financial position or results of operations.
  • Sustained periods of low interest rates in the long-term investment market may adversely affect our reported net investment income and the discount rates used in reserving for our insurance products, which may adversely affect our results of operations or financial condition.
  • Our investment portfolio is subject to various risks that may result in realized investment losses. In particular, decreases in the fair value of fixed maturities may significantly reduce the value of our investments, and as a result, our financial condition may suffer.
  • Our actual claims losses may exceed our reserves for claims, and we may be required to establish additional reserves, which in turn may adversely impact our results of operations and financial condition.
  • Unanticipated increases in early policyholder withdrawals or surrenders or elections by policyholders to receive lump sum payouts at maturity could negatively impact liquidity.
  • We may be required to accelerate the amortization of deferred acquisition costs and the costs of insurance acquired, which would increase our expenses and adversely affect our results of operations and financial condition.
  • We may be required to recognize an impairment on the value of our goodwill, which would increase our expenses and materially adversely affect our results of operations and financial condition.
  • Litigation and regulatory actions and investigations are common in our businesses and may result in financial losses and/or harm to our reputation.
  • Reinsurance may not be available or affordable, or reinsurers may be unwilling or unable to meet their obligations under our reinsurance contracts, which may adversely affect our results of operations or financial condition.
  • Our international markets face significant competition. If we are unable to compete effectively in our markets, our business, results of operations and profitability may be adversely affected.
  • Sales of our insurance products could decline if we are unable to (i) establish and maintain commercial relationships with independent marketing firms and independent consultants, (ii) attract and retain employee agents or (iii) develop and maintain our distribution sources.
  • There may be adverse tax, legal or financial consequences if our sales representatives are determined not to be independent contractors.
  • We and our domestic insurance subsidiaries are subject to extensive governmental regulation in the U.S., which is subject to change and may increase our costs of doing business, restrict the conduct of our business, increase capital requirements for our insurance subsidiaries and negatively impact our results of operations, liquidity and financial condition.
  • Our failure to maintain effective information systems could adversely affect our business.
  • A cyber attack or other security breach could disrupt our operations, result in the unauthorized disclosure or loss of confidential data, damage our reputation or relationships, and expose us to significant financial and legal liability, which may adversely affect our business, results of operations, or financial condition.
  • Changes in accounting standards may adversely affect our reported results of operations and financial condition.
  • Our risk management program may leave us exposed to unidentified or unanticipated risk, which could negatively affect our business.
  • The failure of our business recovery and incident management processes to resume our business operations in the event of a catastrophe, cyber attack, or other event could adversely affect our profitability, results of operations, or financial condition.
  • We depend on the ability of our insurance subsidiaries to make payments to us in sufficient amounts for us to conduct our operations. Our insurance subsidiaries are restricted by applicable laws and regulations in the amounts of payments they may make to us and their ability to transfer funds to us may be impaired by adverse financial results or a change in capital requirements. Accordingly, internal sources of capital and liquidity may not always be sufficient. If we need to seek external capital, adverse market conditions may affect our access to capital or our cost of capital.
  • Unexpected losses in future reporting periods may require us to record a valuation allowance against our deferred tax assets.
  • Events that damage our reputation may adversely affect our business, results of operations, or financial condition.
  • If our foreign policyholders reduced or ceased participation in our Citizens, Inc. Stock Investment Plan (the "CISIP") or if a securities regulatory authority were to deem the CISIP's operation contrary to securities laws, the volume of Class A common stock purchased on the open market through the CISIP, and the price of our Class A common stock, could fall.
  • Due to required regulatory approval for acquisition of control of a regulated U.S. domestic insurance company, control of our Company, through the ownership of our Class B common stock, has not yet transferred from our founder's trust to a 501(c)(3) charitable foundation established by our founder, and we cannot determine whether or when any change in our management, operations, or operating strategies will occur.
  • Our articles of incorporation and bylaws, as well as applicable U.S. state insurance laws, may discourage takeovers and business combinations that our shareholders might consider to be in their best interests.
  • Competition for employees is intense and the Company may not be able to attract and retain highly skilled people needed to support its business.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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