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* CITIZENS CITIZENS ANNOUNCES Q2 2021 FINANCIAL RESULTS Year - over - year earnings up $ 0.12 per share AUSTIN , TX - August 5 , 2021 - Citizens , Inc. ( NYSE : CIA ) today announced Q2 2021 financial results showing $ 0.10 earnings per share , a $ 0.12 increase over the prior year . The significant improvement is driven by higher realized gains and was positively impacted by higher premium revenue in the quarter due to focused sales campaigns and lower sales in the prior year as a result of the impact of the COVID - 19 environment . Gerald W. Shields , Vice - Chairman of the Board and interim CEO , said , " Premium revenue trends improved with the second quarter 3 % above last year and 10 % above the previous quarter resulting from our improving distribution capability , better service , and innovative new products . These improvements are core to our strategy and will remain key drivers of our performance across our business . " Mr. Shields went on to say , " In our Home Services Segment , we had one of the best quarters since 2017. We are receiving strong customer reception to our new whole life product , Security Plan Plus ™ , which utilizes digital technology to enhance the speed and ease of the application process . We remain focused on product innovation , customer experience improvements and operational excellence and are pleased with our early customer receptivity and trends - all leading indicators underlying long - term growth . " Q2 Highlights ( versus Q2 2020 ) • • • • Net income of $ 0.10 per share of Class A common stock up $ 0.12 per share vs. the prior year Revenue up 9 % primarily on realized investment gains ○ ○ ○ Realized investment gain up $ 3 million primarily on fair value increase resulting from new investment opportunities Premium Revenue up 3 % -- Life Insurance segment flat , Home Service segment up 11 % First year premiums up 53 % -- Life Insurance segment 71 % , Home Services segment 30 % Number of policies issued up 82 % -- Life Insurance segment up 60 % , Home Services segment up 85 % Claims and surrenders up 6 % -- Life Insurance segment up 13 % , Home Services segment down ( 19 % ) General expenses up 3 % on higher rent on the new headquarters Net income of $ 0.10 per Class A earnings share improved by $ 0.12 versus the prior year , largely on higher realized investment gains resulting from new investment opportunities . Net income was positively impacted by increased revenue and lower federal taxes . Revenue increased by 9 % , primarily driven by a $ 3 million increase to realized gains driven mainly by fair value increases from new investment opportunities in limited partnerships , a 3 % increase in premiums and lower sales in the prior year due to the impact of the COVID - 19 environment .