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XCITIZENS Citizens , Inc. Reports Second Quarter 2026 Financial Results AUSTIN , TX - August 6 , 2026 - Citizens , Inc. ( NYSE : CIA ) , a leading diversified financial services company specializing in life , living benefits , and final expense insurance , today reported results for the second quarter ended June 30 , 2026 . " Our underlying indicators of future growth continued to advance . We achieved our fifteenth consecutive quarter of year - over - year direct first year premium growth driven by our expanding sales force and increased direct renewal premiums . Book value per Class A share also increased year - over - year for the fourteenth consecutive quarter , and we've generated positive net cash provided by operating activities every year since 2004. These achievements demonstrate continued execution against our strategic roadmap , " said Jon Stenberg , President and Chief Executive Officer . “ Our second - quarter results were affected by investment - market fluctuations and increase in future policy benefit reserves mainly due to growth in our Domestic Insurance segment and the comparatively large amount of reserves released in the prior year period as we paid out matured endowment and released the corresponding reserves . " " Targeted investments in our strategic roadmap reinforce our leadership and are designed to drive clear growth of premiums and adjusted book value per share , and deliver long - term value for both our customers and shareholders , " concluded Stenberg . Recent Business Highlights • Increased global network of producing agents , up 6 % since June 30 , 2025 . Direct insurance premiums of $ 48.1 million in Q2 2026 , up from $ 46.4 million in Q2 2025 , driven by sales of our newer product offerings and expanded distribution in our Domestic Insurance segment . Direct renewal premiums growth in Q2 2026 , driven by strong sales in prior periods leading to a higher number of policies paying renewal premiums . Direct first year premiums have increased year - over - year for fifteen consecutive quarters . Second Quarter 2026 Financial Results • Total revenues of $ 60.4 million in Q2 2026 , from $ 65.1 million in the year - ago quarter . Adjusted total revenues , which excludes investment related gains ( losses ) , of $ 61.9 million in Q2 2026 , from $ 62.7 million in the year - ago quarter . Net loss of $ 0.4 million in Q2 2026 , from $ 6.5 million net income in Q2 2025. Adjusted net income of $ 0.8 million in Q2 2026 , from $ 4.2 million adjusted net income in Q2 2025 . Total assets of $ 1.8 billion , cash and cash equivalents of $ 17.0 million and no debt at June 30 , 2026 . Book value per Class A share of $ 4.64 on June 30 , 2026 , increased from $ 4.56 on June 30 , 2025 . Adjusted book value per Class A share , which excludes accumulated other comprehensive income ( loss ) ( AOCI ) , of $ 6.44 on June 30 , 2026 , increased from $ 6.22 on June 30 , 2025. The Company has achieved fourteen consecutive quarters of book value per Class A share year - over - year growth . Total premium revenue increased in Q2 2026 driven by an expanding sales force and our newer product offerings , marking the fifteenth consecutive quarter of year - over - year gains in direct first year premiums . Direct renewal premiums also grew in Q2 2026 , driven by strong first year sales in prior periods leading to a higher number of policies paying renewal premiums in the current period . Premium growth was constrained by unfavorable persistency in our Domestic Insurance segment , while the high level of