Citizens, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 09:32 am EDT
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Citizens, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 58.53 million compared to USD 53.73 million a year ago. Net income was USD 6.13 million compared to USD 2.49 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.05 a year ago.
For the six months, revenue was USD 114.44 million compared to USD 109.09 million a year ago. Net income was USD 11 million compared to USD 8.94 million a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.18 a year ago.
Citizens, Inc. is a diversified financial services company. The Company is providing life, living benefits and final expense insurance and other financial products to individuals and small businesses in the United States, Latin America, and Asia. The Company operates through two segments: Life Insurance, and Home Service Insurance. The Life Insurance segment sells United States dollar-denominated ordinary whole life insurance, endowment, and critical illness policies to non-United States residents, located principally in Latin America and the Pacific Rim, internationally. Also, this segment domestically sells whole life insurance, life insurance with living benefits, critical illness, credit life and disability products throughout the United States. Home Service Insurance segment sells final expense life insurance policies to middle- and lower-income households, as well as whole life products with higher allowable face values, in Louisiana, Mississippi and Arkansas.
CITIZENS, INC. 
