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Citizens (CIA) Financials

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$4.84 -0.01 (-0.10%)
Closing price 07/24/2026 03:59 PM Eastern
Extended Trading
$4.84 0.00 (0.00%)
As of 07/24/2026 07:34 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Citizens

Annual Income Statements for Citizens

This table shows Citizens' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -3.14 1.97 -38 -11 -1.37 -11 73 26 24 15 15
Consolidated Net Income / (Loss)		 -3.14 1.97 -38 -11 -1.37 -11 73 26 24 15 15
Net Income / (Loss) Continuing Operations		 -3.14 1.97 -38 -11 -1.37 -11 73 26 24 15 15
Total Pre-Tax Income 		-1.94 5.48 -2.99 2.00 5.75 -12 31 27 26 15 17
Total Revenue		 236 245 253 244 251 239 251 233 241 245 256
Net Interest Income / (Expense)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 236 245 253 244 251 239 251 233 241 245 256
Other Service Charges		 1.47 0.96 1.24 1.83 1.42 1.83 3.33 3.68 3.63 4.59 7.07
Net Realized & Unrealized Capital Gains on Investments		 40 47 54 54 65 62 72 55 70 67 72
Premiums Earned		 194 198 198 188 184 175 175 174 167 173 176
Total Non-Interest Expense		 238 240 256 242 245 251 220 205 215 230 238
Salaries and Employee Benefits		 44 45 41 35 34 32 35 36 39 49 47
Property & Liability Insurance Claims		 79 81 83 91 107 121 120 120 136 146 165
Insurance Policy Acquisition Costs		 11 -26 -23 -16 -16 -15 -17 -19 -23 -36 -34
Amortization of Deferred Policy Acquisition Costs		 -5.39 31 32 2.46 1.55 1.82 14 15 0.60 0.60 0.45
Current and Future Benefits		 77 76 76 48 42 30 9.77 4.80 -5.62 -4.29 -15
Other Operating Expenses		 33 33 46 48 48 54 43 45 47 52 53
Amortization Expense		 - - - 34 28 27 - - 15 17 19
Other Special Charges		 - - - - - - 1.43 2.88 4.46 4.76 2.57
Income Tax Expense		 1.20 3.51 35 13 7.12 -1.33 -42 1.37 1.74 0.07 2.88
Basic Earnings per Share		 ($0.06) $0.04 ($1.15) ($0.33) ($0.04) ($0.33) $2.19 $0.52 $0.49 $0.30 $0.29
Weighted Average Basic Shares Outstanding		 52.40M 49.08M 49.08M 49.08M 50.34M 50.56M 49.03M 49.84M 49.57M 49.91M 50.30M
Diluted Earnings per Share		 ($0.06) $0.04 ($1.15) ($0.33) ($0.04) ($0.33) $2.16 $0.51 $0.48 $0.29 $0.28
Weighted Average Diluted Shares Outstanding		 52.40M 49.08M 49.08M 49.08M 50.34M 50.56M 49.03M 49.84M 49.57M 49.91M 50.30M
Weighted Average Basic & Diluted Shares Outstanding		 52.40M 49.08M 49.08M 49.08M 50.34M 50.56M 49.03M 49.84M 49.57M 49.91M 50.30M

Quarterly Income Statements for Citizens

This table shows Citizens' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 2.70 11 4.54 3.96 2.79 3.62 -1.62 6.46 2.42 7.34 2.27
Consolidated Net Income / (Loss)		 2.70 11 4.54 3.96 2.79 3.62 -1.62 6.46 2.42 7.34 2.27
Net Income / (Loss) Continuing Operations		 2.70 11 4.54 3.96 2.79 3.62 -1.62 6.46 2.42 7.34 2.27
Total Pre-Tax Income 		4.64 8.77 4.93 3.30 3.04 3.72 -1.79 6.91 4.48 7.86 2.37
Total Revenue		 59 67 58 62 62 63 56 65 63 72 60
Net Interest Income / (Expense)		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 59 67 58 62 62 63 56 65 63 72 60
Other Service Charges		 0.88 1.01 0.59 2.24 0.63 1.13 1.37 2.12 1.64 1.93 1.49
Net Realized & Unrealized Capital Gains on Investments		 16 19 18 17 18 13 14 20 18 20 18
Premiums Earned		 42 47 39 43 43 49 40 43 43 50 40
Total Non-Interest Expense		 55 58 53 59 59 60 57 58 58 64 57
Salaries and Employee Benefits		 9.44 12 10 14 14 13 11 13 11 12 11
Property & Liability Insurance Claims		 38 35 33 35 36 42 40 40 44 40 40
Insurance Policy Acquisition Costs		 -5.72 -6.51 -7.09 -9.35 -9.11 -10 -7.55 -8.41 -8.60 -9.70 -7.84
Amortization of Deferred Policy Acquisition Costs		 0.15 0.14 0.17 4.43 4.65 0.12 0.10 4.69 4.92 -9.26 0.19
Current and Future Benefits		 -3.88 0.18 0.45 -1.05 0.47 -4.16 -3.65 -4.55 -6.76 0.10 -4.70
Other Operating Expenses		 12 12 11 17 12 12 13 13 13 14 13
Amortization Expense		 4.06 3.92 4.04 - - 4.63 4.65 - - - 4.98
Other Special Charges		 1.02 1.60 0.32 - - 1.92 -0.17 - - - 0.88
Income Tax Expense		 1.94 -1.97 0.38 -0.66 0.25 0.10 -0.16 0.46 2.06 0.53 0.11
Basic Earnings per Share		 $0.06 $0.21 $0.09 $0.08 $0.06 $0.07 ($0.03) $0.13 $0.04 $0.15 $0.05
Weighted Average Basic Shares Outstanding		 49.55M 49.57M 49.63M 49.87M 49.91M 49.91M 50.15M 50.25M 50.30M 50.30M 50.55M
Diluted Earnings per Share		 $0.05 $0.21 $0.09 $0.08 $0.05 $0.07 ($0.03) $0.13 $0.04 $0.14 $0.04
Weighted Average Diluted Shares Outstanding		 49.55M 49.57M 49.63M 49.87M 49.91M 49.91M 50.15M 50.25M 50.30M 50.30M 50.55M
Weighted Average Basic & Diluted Shares Outstanding		 49.55M 49.57M 49.63M 49.87M 49.91M 49.91M 50.15M 50.25M 50.30M 50.30M 50.55M

Annual Cash Flow Statements for Citizens

This table details how cash moves in and out of Citizens' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 32 -47 11 -0.57 0.71 -12 -6.84 -4.32 4.02 2.27 -6.30
Net Cash From Operating Activities		 87 102 93 85 72 49 40 57 22 32 18
Net Cash From Continuing Operating Activities		 103 111 93 85 72 49 40 57 22 32 18
Net Income / (Loss) Continuing Operations		 -3.14 1.97 -38 -11 -1.37 -11 73 26 24 15 15
Consolidated Net Income / (Loss)		 -3.14 1.97 -38 -11 -1.37 -11 73 26 24 15 15
Depreciation Expense		 0.78 0.81 1.07 1.45 1.68 1.42 1.14 0.54 0.52 0.62 0.74
Amortization Expense		 14 17 19 19 14 9.88 6.33 4.86 5.54 5.71 4.89
Non-Cash Adjustments to Reconcile Net Income		 8.97 -7.85 20 63 -1.58 0.32 3.98 13 -12 -22 -17
Changes in Operating Assets and Liabilities, net		 66 91 91 12 59 48 -44 13 3.71 32 15
Net Cash From Investing Activities		 -58 -152 -85 -85 -69 -62 -41 -61 -14 -27 -20
Net Cash From Continuing Investing Activities		 -58 -152 -85 -85 -69 -62 -41 -61 -14 -27 -20
Purchase of Property, Leasehold Improvements and Equipment		 -0.59 -2.21 -1.33 -0.72 -0.51 -0.22 -1.01 -0.10 -0.44 -0.66 -0.45
Purchase of Investment Securities		 -196 -248 -175 -210 -333 -308 -136 -147 -90 -101 -188
Sale and/or Maturity of Investments		 139 98 89 125 265 246 96 87 76 74 168
Net Cash From Financing Activities		 3.00 2.49 2.55 -0.06 -2.17 0.90 -6.22 -0.50 -3.54 -2.47 -4.61
Net Cash From Continuing Financing Activities		 3.00 2.49 2.55 -0.06 -2.17 0.90 -6.22 -0.50 -3.54 -2.47 -4.61
Repayment of Debt		 -5.10 -6.18 -6.80 -7.32 -8.51 -5.76 -7.76 -8.55 -9.69 -9.58 -6.75
Other Financing Activities, Net		 8.10 8.67 9.35 7.27 6.34 6.66 8.38 8.51 7.07 7.11 2.14

Quarterly Cash Flow Statements for Citizens

This table details how cash moves in and out of Citizens' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -4.13 10 -3.76 3.10 6.04 -3.11 -11 4.32 0.45 -0.15 -4.46
Net Cash From Operating Activities		 3.25 6.61 6.79 4.59 9.72 11 0.75 3.47 4.67 9.10 -0.32
Net Cash From Continuing Operating Activities		 3.25 6.61 6.79 4.59 9.72 11 0.75 3.47 4.67 9.10 -0.32
Net Income / (Loss) Continuing Operations		 2.70 11 4.54 3.96 2.79 3.62 -1.62 6.46 2.42 7.34 2.27
Consolidated Net Income / (Loss)		 2.70 11 4.54 3.96 2.79 3.62 -1.62 6.46 2.42 7.34 2.27
Depreciation Expense		 0.13 0.14 0.14 0.15 0.15 0.18 0.16 0.18 0.19 0.21 0.17
Amortization Expense		 1.44 1.32 1.46 1.38 1.38 1.50 1.28 1.28 1.21 1.12 1.17
Non-Cash Adjustments to Reconcile Net Income		 6.22 -14 -5.25 -6.33 9.74 21 -1.11 -6.30 -2.40 -7.00 -0.60
Changes in Operating Assets and Liabilities, net		 -7.25 8.03 5.88 5.44 -4.34 -15 2.04 1.85 3.26 7.42 -3.33
Net Cash From Investing Activities		 -6.56 3.98 -9.47 -0.74 -3.13 -14 -11 4.80 -4.53 -8.51 -3.43
Net Cash From Continuing Investing Activities		 -6.56 3.98 -9.47 -0.74 -3.13 -14 -11 4.80 -4.53 -8.51 -3.43
Purchase of Property, Leasehold Improvements and Equipment		 -0.21 -0.15 -0.06 -0.13 -0.37 -0.10 -0.11 -0.18 -0.06 -0.10 -0.33
Purchase of Investment Securities		 -23 -30 -24 -19 -14 -40 -20 -19 -71 -78 -32
Sale and/or Maturity of Investments		 17 34 15 19 11 26 8.96 24 66 69 29
Net Cash From Financing Activities		 -0.82 -0.38 -1.08 -0.75 -0.55 -0.10 -0.23 -3.95 0.31 -0.73 -0.71
Net Cash From Continuing Financing Activities		 -0.82 -0.38 -1.08 -0.75 -0.55 -0.10 -0.23 -3.95 0.31 -0.73 -0.71
Repayment of Debt		 -2.44 -1.86 -2.65 -2.37 -2.17 -2.40 -2.39 -5.96 -2.19 3.79 -3.06
Other Financing Activities, Net		 1.62 1.68 1.57 1.62 1.62 2.30 2.15 2.01 2.50 -4.52 2.36

Annual Balance Sheets for Citizens

This table presents Citizens' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,481 1,584 1,644 1,616 1,745 1,843 1,855 1,591 1,669 1,685 1,755
Cash and Due from Banks		 83 36 46 45 46 34 27 23 27 29 23
Trading Account Securities		 - 1,147 1,225 1,246 1,394 1,539 1,543 1,261 1,327 1,320 1,375
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 - 18 19 18 17 16 16 17 17 18 18
Premises and Equipment, Net		 - 14 14 12 5.90 16 14 13 12 11 9.84
Unearned Premiums Asset		 - 13 13 13 13 11 11 12 11 12 11
Deferred Acquisition Cost		 164 168 167 156 149 105 140 163 176 200 221
Other Assets		 89 170 147 111 106 108 103 102 99 97 97
Total Liabilities & Shareholders' Equity		 1,481 1,584 1,644 1,616 1,745 1,843 1,855 1,591 1,669 1,685 1,755
Total Liabilities		 1,234 1,335 1,421 1,428 1,485 1,542 1,534 1,463 1,497 1,475 1,520
Claims and Claim Expense		 9.65 9.54 8.61 7.61 8.06 13 15 9.88 6.64 8.82 8.77
Future Policy Benefits		 987 1,130 1,209 1,257 1,296 1,325 1,364 1,321 1,230 1,173 1,189
Unearned Premiums Liability		 - 48 51 49 43 41 41 36 32 31 29
Participating Policy Holder Equity		 - 29 32 37 47 56 68 49 186 205 235
Other Long-Term Liabilities		 96 115 120 77 90 102 47 47 42 57 58
Commitments & Contingencies		 - - - 0.00 0.00 - - 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -18 249 224 188 260 301 321 128 172 210 235
Total Preferred & Common Equity		 247 249 224 188 260 301 321 128 172 210 235
Total Common Equity		 -18 249 224 188 260 301 321 128 172 210 235
Common Stock		 - 263 263 263 265 266 269 271 272 273 275
Retained Earnings		 -18 -16 -54 -70 -71 -82 -46 16 42 57 72
Treasury Stock		 - -11 -11 -11 -11 -11 -20 -23 -24 -24 -24
Accumulated Other Comprehensive Income / (Loss)		 - 14 26 5.37 77 128 117 -137 -118 -96 -88

Quarterly Balance Sheets for Citizens

This table presents Citizens' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,565 1,666 1,662 1,736 1,702 1,713 1,742 1,740
Cash and Due from Banks		 17 23 26 32 18 23 23 19
Trading Account Securities		 1,242 1,325 1,311 1,373 1,346 1,344 1,357 1,359
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 17 17 18 17 17 18 17 19
Premises and Equipment, Net		 12 11 11 11 10 9.85 9.58 9.67
Unearned Premiums Asset		 9.66 9.88 11 10 9.46 11 9.94 9.35
Deferred Acquisition Cost		 171 180 186 192 204 209 214 225
Other Assets		 96 95 99 100 97 99 111 100
Total Liabilities & Shareholders' Equity		 1,565 1,666 1,662 1,736 1,702 1,713 1,742 1,740
Total Liabilities		 1,412 1,470 1,471 1,528 1,484 1,483 1,517 1,501
Claims and Claim Expense		 5.94 7.98 7.72 9.24 9.90 8.41 8.81 8.52
Future Policy Benefits		 1,278 1,333 1,191 1,238 1,178 1,171 1,194 1,169
Unearned Premiums Liability		 35 32 33 32 32 31 31 30
Participating Policy Holder Equity		 51 53 195 200 214 216 226 242
Other Long-Term Liabilities		 41 42 44 49 49 56 57 52
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 153 195 191 208 218 229 226 239
Total Preferred & Common Equity		 153 195 191 208 218 229 226 239
Total Common Equity		 153 195 191 208 218 229 226 239
Common Stock		 272 272 272 273 273 275 274 276
Retained Earnings		 31 47 51 53 55 62 64 74
Treasury Stock		 -24 -24 -24 -24 -24 -24 -24 -24
Accumulated Other Comprehensive Income / (Loss)		 -127 -100 -108 -95 -87 -84 -89 -87

Annual Metrics And Ratios for Citizens

This table displays calculated financial ratios and metrics derived from Citizens' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 50,081,828.00 50,081,828.00 50,081,828.00 50,081,828.00 53,366,707.00 53,655,730.00 49,789,339.00 50,005,646.00 49,552,549.00 - 50,296,848.00
DEI Adjusted Shares Outstanding		 50,081,828.00 50,081,828.00 50,081,828.00 50,081,828.00 53,366,707.00 53,655,730.00 49,789,339.00 50,005,646.00 49,552,549.00 - 50,296,848.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.06 0.04 -0.76 -0.22 -0.03 -0.20 1.46 0.52 0.49 - 0.29
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 2.62% 3.87% 2.94% -3.41% 2.68% -4.67% 4.89% -7.19% 3.51% 1.80% 4.33%
EBITDA Growth		 18.83% 74.80% -26.98% 36.25% -4.72% -104.66% 3,833.53% -13.68% -1.65% -33.88% 8.38%
EBIT Growth		 0.36% 382.19% -154.46% 167.05% 186.96% -314.40% 347.67% -10.25% -4.39% -42.77% 16.62%
NOPAT Growth		 0.36% 244.77% -206.16% -429.23% 87.62% -529.34% 943.27% -64.23% -6.04% -38.98% -2.15%
Net Income Growth		 47.35% 162.65% -2,036.36% 70.99% 87.62% -702.04% 761.69% -64.23% -6.04% -38.98% -2.15%
EPS Growth		 50.00% 166.67% -2,975.00% 71.30% 87.88% -725.00% 754.55% -76.39% -5.88% -39.58% -3.45%
Operating Cash Flow Growth		 -11.01% 17.35% -9.05% -9.02% -14.65% -32.38% -17.16% 40.70% -61.25% 44.71% -43.65%
Free Cash Flow Firm Growth		 172.39% -132.42% 913.16% -6.93% -397.24% 25.15% 206.09% 274.99% -109.10% -17.14% 56.94%
Invested Capital Growth		 -4.43% 2.12% -11.36% -16.01% 38.41% 17.85% 4.69% -60.14% 34.70% 22.21% 11.71%
Revenue Q/Q Growth		 -0.53% 2.38% -0.02% -0.93% 1.72% -26.31% 51.69% -1.13% -0.17% -1.36% 3.47%
EBITDA Q/Q Growth		 138.14% 7.45% -33.31% 51.47% 25.73% -102.04% 203.56% -37.15% -6.57% -18.50% 19.61%
EBIT Q/Q Growth		 78.54% 20.74% -151.71% 139.22% 574.40% -132.36% 167.30% -40.93% -9.15% -25.24% 30.98%
NOPAT Q/Q Growth		 78.54% 1,951.04% -133.75% -209.56% -61.61% -144.38% 4,770.22% -69.90% -10.67% -32.32% 34.18%
Net Income Q/Q Growth		 73.87% 1,951.04% -715.65% 79.45% 82.33% -45.06% 38,573.40% -69.90% -10.67% -32.32% 34.18%
EPS Q/Q Growth		 75.00% 300.00% -1,058.33% 78.43% 84.62% -50.00% 10,700.00% -78.93% -11.11% -32.56% 33.33%
Operating Cash Flow Q/Q Growth		 -7.09% 9.26% -8.77% -5.33% 2.74% -11.73% 4.84% 0.84% -32.35% 15.21% -8.78%
Free Cash Flow Firm Q/Q Growth		 -7.71% 69.88% 969.15% -70.45% 16.01% -41.36% 63.88% -40.26% 85.77% 28.36% -31.90%
Invested Capital Q/Q Growth		 -2.52% -4.57% -16.59% 3.87% -2.82% 1.14% 20.70% 998.16% 12.50% 1.34% 3.95%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 5.58% 9.38% 6.66% 9.39% 8.71% -0.43% 15.15% 14.09% 13.39% 8.70% 9.04%
EBIT Margin		 -0.82% 2.23% -1.18% 0.82% 2.29% -5.16% 12.18% 11.77% 10.88% 6.11% 6.83%
Profit (Net Income) Margin		 -1.33% 0.80% -15.09% -4.53% -0.55% -4.60% 29.02% 11.18% 10.15% 6.09% 5.71%
Tax Burden Percent		 161.76% 35.91% 1,276.86% -552.55% -23.85% 89.21% 238.34% 95.00% 93.36% 99.55% 83.52%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 0.00% 64.09% 0.00% 652.55% 123.85% 0.00% -138.34% 5.00% 6.64% 0.45% 16.48%
Return on Invested Capital (ROIC)		 -0.54% 0.79% -0.88% -5.38% -0.61% -3.05% 23.20% 11.60% 16.30% 7.80% 6.55%
ROIC Less NNEP Spread (ROIC-NNEP)		 -1.88% 0.79% -2,355.46% 0.00% 0.00% -92.93% 23.20% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -2.08% 0.92% -15.26% 0.00% 0.00% -0.87% 0.20% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -2.62% 1.71% -16.13% 0.00% 0.00% -3.92% 23.40% 0.00% 0.00% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 3.99% -1.31% 11.17% 12.02% -32.83% -19.43% 18.62% 97.59% -13.27% -12.19% -4.51%
Operating Return on Assets (OROA)		 -0.13% 0.36% -0.19% 0.12% 0.34% -0.69% 1.65% 1.59% 1.61% 0.89% 1.02%
Return on Assets (ROA)		 -0.22% 0.13% -2.36% -0.68% -0.08% -0.61% 3.93% 1.51% 1.50% 0.89% 0.85%
Return on Common Equity (ROCE)		 -2.62% 1.71% -16.13% 0.00% 0.00% -3.92% 23.40% 0.00% 0.00% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -1.27% 0.79% -17.06% -5.89% -0.53% -3.65% 22.68% 20.35% 14.20% 7.09% 6.21%
Net Operating Profit after Tax (NOPAT)		 -1.36 1.97 -2.09 -11 -1.37 -8.62 73 26 24 15 15
NOPAT Margin		 -0.58% 0.80% -0.83% -4.53% -0.55% -3.61% 29.02% 11.18% 10.15% 6.09% 5.71%
Net Nonoperating Expense Percent (NNEP)		 1.34% 0.00% 2,354.58% 0.00% 0.00% 89.88% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 18.46% 18.19% 16.36% 14.33% 13.66% 13.43% 14.15% 15.58% 16.30% 20.05% 18.49%
Operating Expenses to Revenue		 100.82% 97.77% 101.18% 99.18% 97.71% 105.16% 87.82% 88.23% 89.13% 93.89% 93.17%
Earnings before Interest and Taxes (EBIT)		 -1.94 5.48 -2.99 2.00 5.75 -12 31 27 26 15 17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13 23 17 23 22 -1.02 38 33 32 21 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 1.97 1.65 2.01 1.39 1.02 0.82 0.83 0.77 0.95 1.03
Price to Tangible Book Value (P/TBV)		 0.00 2.13 1.75 2.16 1.46 1.07 0.82 0.83 0.77 0.95 1.03
Price to Revenue (P/Rev)		 1.57 2.00 1.46 1.54 1.44 1.29 1.06 0.46 0.55 0.82 0.95
Price to Earnings (P/E)		 0.00 249.77 0.00 0.00 0.00 0.00 3.64 4.10 5.45 13.42 16.65
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.40% 0.00% 0.00% 0.00% 0.00% 27.50% 24.42% 18.33% 7.45% 6.01%
Enterprise Value to Invested Capital (EV/IC)		 1.17 1.82 1.44 1.76 1.21 0.91 0.74 0.65 0.62 0.81 0.94
Enterprise Value to Revenue (EV/Rev)		 1.22 1.87 1.27 1.36 1.25 1.17 0.95 0.36 0.44 0.70 0.86
Enterprise Value to EBITDA (EV/EBITDA)		 21.96 19.95 19.15 14.45 14.39 0.00 6.24 2.55 3.30 8.02 9.52
Enterprise Value to EBIT (EV/EBIT)		 0.00 83.78 0.00 165.40 54.66 0.00 7.77 3.05 4.06 11.41 12.59
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 233.29 0.00 0.00 0.00 0.00 3.26 3.21 4.35 11.46 15.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.32 4.49 3.46 3.91 4.35 5.70 5.86 1.47 4.82 5.35 12.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 28.72 0.00 12.13 13.40 0.00 0.00 4.06 0.38 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.01 0.00 0.00 0.00 0.02 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 1.10 1.16 0.01 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00
Leverage Ratio		 12.07 13.27 6.83 7.93 7.51 6.40 5.95 7.68 10.87 8.77 7.72
Compound Leverage Factor		 12.07 13.27 6.83 7.93 7.51 6.40 5.95 7.68 10.87 8.77 7.72
Debt to Total Capital		 0.00% 1.21% 0.00% 0.00% 0.00% 1.72% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 1.21% 0.00% 0.00% 0.00% 1.72% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 100.00% 98.79% 100.00% 100.00% 100.00% 98.28% 100.00% 100.00% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.13 0.00 0.00 0.00 -5.18 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 -1.41 0.00 0.00 0.00 28.38 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 1.55 0.00 0.00 0.00 -0.61 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 -16.48 0.00 0.00 0.00 3.35 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 10 -3.27 27 25 -73 -55 58 219 -20 -23 -10
Operating Cash Flow to CapEx		 14,771.69% 4,745.75% 7,238.29% 13,325.98% 14,590.51% 23,254.29% 4,074.02% 56,920.00% 4,990.05% 4,814.18% 4,023.71%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.16 0.16 0.16 0.15 0.15 0.13 0.14 0.14 0.15 0.15 0.15
Fixed Asset Turnover		 0.00 0.00 18.14 18.99 28.53 21.50 16.49 17.22 19.46 21.89 25.05
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 247 252 224 188 260 306 321 128 172 210 235
Invested Capital Turnover		 0.94 0.98 1.06 1.19 1.12 0.84 0.80 1.04 1.61 1.28 1.15
Increase / (Decrease) in Invested Capital		 -11 5.24 -29 -36 72 46 14 -193 44 38 25
Enterprise Value (EV)		 289 459 322 331 314 279 237 84 106 171 220
Market Capitalization		 372 492 368 377 360 307 264 107 133 200 243
Book Value per Share		 ($0.36) $4.97 $4.46 $3.75 $4.87 $5.61 $6.44 $2.56 $3.47 $4.22 $4.67
Tangible Book Value per Share		 ($0.71) $4.61 $4.19 $3.48 $4.61 $5.36 $6.44 $2.56 $3.47 $4.22 $4.67
Total Capital		 -18 252 224 188 260 306 321 128 172 210 235
Total Debt		 0.00 3.06 0.00 0.00 0.00 5.27 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -83 -32 -46 -45 -46 -29 -27 -23 -27 -29 -23
Capital Expenditures (CapEx)		 0.59 2.16 1.29 0.64 0.50 0.21 0.99 0.10 0.44 0.66 0.45
Net Nonoperating Expense (NNE)		 1.78 0.00 36 0.00 0.00 2.37 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 265 3.06 0.00 0.00 0.00 5.27 0.00 0.00 0.00 0.00 0.00
Total Depreciation and Amortization (D&A)		 15 18 20 21 16 11 7.47 5.40 6.06 6.33 5.63
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.07) $0.04 ($0.77) ($0.22) ($0.04) ($0.33) $1.11 ($0.13) $0.49 $0.30 $0.29
Adjusted Weighted Average Basic Shares Outstanding		 50.08M 49.08M 50.08M 50.23M 50.34M 50.56M 49.03M 49.84M 49.57M 49.91M 50.30M
Adjusted Diluted Earnings per Share		 ($0.07) $0.04 ($0.77) ($0.22) ($0.04) ($0.33) $1.09 ($0.13) $0.48 $0.29 $0.28
Adjusted Weighted Average Diluted Shares Outstanding		 50.08M 49.08M 50.08M 50.23M 50.34M 50.56M 49.03M 49.84M 49.57M 49.91M 50.30M
Adjusted Basic & Diluted Earnings per Share		 ($0.07) $0.04 ($0.77) ($0.22) ($0.04) ($0.33) $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 50.08M 49.08M 50.08M 50.23M 50.34M 50.56M 49.03M 49.84M 49.57M 49.91M 50.30M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.36 3.84 -2.09 1.40 4.02 -8.62 31 29 29 20 17
Normalized NOPAT Margin		 -0.58% 1.56% -0.83% 0.57% 1.61% -3.61% 12.45% 12.36% 11.88% 8.02% 6.55%
Pre Tax Income Margin		 -0.82% 2.23% -1.18% 0.82% 2.29% -5.16% 12.18% 11.77% 10.88% 6.11% 6.83%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.50% 10.40% 3.76% 0.00% 0.00%

Quarterly Metrics And Ratios for Citizens

This table displays calculated financial ratios and metrics derived from Citizens' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 49,617,355.00 49,552,549.00 49,572,398.00 49,633,705.00 49,868,613.00 - 49,907,355.00 50,149,966.00 50,245,367.00 50,296,848.00 50,299,741.00
DEI Adjusted Shares Outstanding		 49,617,355.00 49,552,549.00 49,572,398.00 49,633,705.00 49,868,613.00 - 49,907,355.00 50,149,966.00 50,245,367.00 50,296,848.00 50,299,741.00
DEI Earnings Per Adjusted Shares Outstanding		 0.05 0.22 0.09 0.08 0.06 - -0.03 0.13 0.05 0.15 0.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 5.72% -0.61% 3.22% 6.08% 3.91% -5.05% -3.57% 4.84% 1.77% 13.51% 7.31%
EBITDA Growth		 5.18% -18.14% -20.35% -36.40% -26.85% -47.30% -105.31% 73.50% 29.27% 70.05% 1,169.74%
EBIT Growth		 -3.75% -23.11% -26.66% -45.37% -34.91% -57.65% -136.28% 109.39% 48.26% 110.72% 232.85%
NOPAT Growth		 -20.81% -21.36% -6.77% -35.37% 3.41% -66.29% -127.54% 63.15% -13.37% 102.65% 281.31%
Net Income Growth		 -20.81% -21.36% -6.77% -35.37% 3.41% -66.29% -135.73% 63.15% -13.37% 102.65% 239.74%
EPS Growth		 -16.67% -22.22% -10.00% -33.33% 0.00% -66.67% -133.33% 62.50% -20.00% 100.00% 233.33%
Operating Cash Flow Growth		 -81.36% -61.46% -7.70% -5.28% 199.32% 63.73% -88.98% -24.37% -51.90% -15.99% -143.18%
Free Cash Flow Firm Growth		 -158.09% -116.27% -173.49% 32.26% 68.52% -3.00% 38.71% 26.88% 68.97% 50.03% 22.05%
Invested Capital Growth		 1,175.32% 34.70% 27.38% 30.92% 35.67% 22.21% 11.12% 19.13% 8.91% 11.71% 9.29%
Revenue Q/Q Growth		 1.47% 12.56% -13.67% 7.58% -0.59% 2.82% -12.35% 16.95% -3.50% 14.75% -17.14%
EBITDA Q/Q Growth		 -18.07% 64.50% -36.13% -26.12% -5.76% 18.10% -106.42% 2,512.97% -29.79% 56.37% -59.62%
EBIT Q/Q Growth		 -23.21% 89.05% -43.87% -32.95% -8.51% 22.36% -147.88% 486.91% -35.22% 75.57% -69.81%
NOPAT Q/Q Growth		 -55.96% 298.11% -57.71% -12.84% -29.53% 29.78% -134.55% 616.35% -62.58% 203.60% -69.09%
Net Income Q/Q Growth		 -55.96% 298.11% -57.71% -12.84% -29.53% 29.78% -144.82% 497.97% -62.58% 203.60% -69.09%
EPS Q/Q Growth		 -58.33% 320.00% -57.14% -11.11% -37.50% 40.00% -142.86% 533.33% -69.23% 250.00% -71.43%
Operating Cash Flow Q/Q Growth		 -32.99% 103.70% 2.66% -32.41% 111.77% 11.42% -93.09% 363.90% 34.67% 94.63% -103.55%
Free Cash Flow Firm Q/Q Growth		 -168.88% 79.58% -12.21% -9.95% -24.93% 33.18% 33.23% -31.18% 46.99% -7.62% -4.16%
Invested Capital Q/Q Growth		 4.19% 12.50% 14.18% -2.18% 7.97% 1.34% 3.82% 4.87% -1.30% 3.95% 1.57%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 10.47% 15.30% 11.32% 7.77% 7.37% 8.49% -0.62% 12.86% 9.36% 12.76% 6.22%
EBIT Margin		 7.81% 13.13% 8.53% 5.32% 4.90% 5.85% -3.21% 10.62% 7.13% 10.91% 3.98%
Profit (Net Income) Margin		 4.54% 16.07% 7.87% 6.38% 4.52% 5.70% -2.92% 9.92% 3.85% 10.18% 3.80%
Tax Burden Percent		 58.13% 122.42% 92.22% 119.90% 91.87% 97.44% 90.82% 93.42% 53.96% 93.31% 95.54%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.53% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 41.87% -22.42% 7.78% -19.90% 8.13% 2.56% 0.00% 6.58% 46.04% 6.69% 4.47%
Return on Invested Capital (ROIC)		 15.78% 25.79% 10.88% 9.25% 6.23% 7.31% -2.63% 11.59% 4.38% 11.69% 4.32%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.78% 0.00% 10.88% 9.25% 6.23% 0.00% -49.14% 11.59% 4.38% 0.00% 4.32%
Return on Net Nonoperating Assets (RNNOA)		 0.03% 0.00% 0.04% 0.02% 0.00% 0.00% -0.19% 0.02% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 15.81% 0.00% 10.92% 9.27% 6.23% 0.00% -2.82% 11.61% 4.39% 0.00% 4.32%
Cash Return on Invested Capital (CROIC)		 -91.42% -13.27% -10.34% -13.84% -18.05% -12.19% -6.32% -12.12% -3.51% -4.51% -0.79%
Operating Return on Assets (OROA)		 1.21% 1.94% 1.25% 0.80% 0.74% 0.86% -0.46% 1.55% 1.01% 1.62% 0.60%
Return on Assets (ROA)		 0.71% 2.37% 1.16% 0.95% 0.68% 0.83% -0.42% 1.45% 0.55% 1.51% 0.57%
Return on Common Equity (ROCE)		 15.81% 0.00% 10.92% 9.27% 6.23% 0.00% -2.82% 11.61% 4.39% 0.00% 4.32%
Return on Equity Simple (ROE_SIMPLE)		 17.91% 0.00% 12.35% 11.46% 10.61% 0.00% 4.01% 4.91% 4.82% 0.00% 7.74%
Net Operating Profit after Tax (NOPAT)		 2.70 11 4.54 3.96 2.79 3.62 -1.25 6.46 2.42 7.34 2.27
NOPAT Margin		 4.54% 16.07% 7.87% 6.38% 4.52% 5.70% -2.25% 9.92% 3.85% 10.18% 3.80%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 46.51% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 15.90% 17.80% 18.11% 21.89% 22.87% 21.24% 20.26% 19.60% 17.83% 16.70% 18.12%
Operating Expenses to Revenue		 92.19% 86.87% 91.47% 94.68% 95.10% 94.15% 103.21% 89.38% 92.87% 89.09% 96.02%
Earnings before Interest and Taxes (EBIT)		 4.64 8.77 4.93 3.30 3.02 3.72 -1.79 6.91 4.48 7.86 2.37
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6.22 10 6.53 4.83 4.55 5.39 -0.35 8.37 5.88 9.19 3.71
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.93 0.77 0.54 0.71 0.87 0.95 1.04 0.76 1.17 1.03 1.06
Price to Tangible Book Value (P/TBV)		 0.93 0.77 0.54 0.71 0.87 0.95 1.04 0.76 1.17 1.03 1.06
Price to Revenue (P/Rev)		 0.59 0.55 0.44 0.55 0.73 0.82 0.93 0.71 1.07 0.95 0.97
Price to Earnings (P/E)		 5.17 5.45 4.40 6.15 8.19 13.42 25.96 15.56 24.26 16.65 13.69
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 19.34% 18.33% 22.72% 16.25% 12.20% 7.45% 3.85% 6.43% 4.12% 6.01% 7.30%
Enterprise Value to Invested Capital (EV/IC)		 0.82 0.62 0.43 0.57 0.71 0.81 0.96 0.67 1.07 0.94 0.98
Enterprise Value to Revenue (EV/Rev)		 0.52 0.44 0.35 0.44 0.60 0.70 0.86 0.62 0.98 0.86 0.90
Enterprise Value to EBITDA (EV/EBITDA)		 3.62 3.30 2.75 3.94 5.67 8.02 14.48 8.47 12.49 9.52 8.63
Enterprise Value to EBIT (EV/EBIT)		 4.33 4.06 3.45 5.06 7.40 11.41 25.28 12.82 18.08 12.59 10.84
Enterprise Value to NOPAT (EV/NOPAT)		 4.57 4.35 3.49 4.99 6.72 11.46 23.89 13.55 22.17 15.07 12.69
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.83 4.82 3.92 5.15 5.35 5.35 8.08 6.15 12.23 12.23 13.86
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage Ratio		 22.42 10.87 9.45 9.71 9.16 8.77 8.15 8.03 8.03 7.72 7.53
Compound Leverage Factor		 22.42 10.87 9.45 9.71 9.21 8.77 8.15 8.03 8.03 7.72 7.53
Debt to Total Capital		 0.16% 0.00% 0.69% 0.41% 0.00% 0.00% 0.11% 0.00% 0.20% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.16% 0.00% 0.69% 0.41% 0.00% 0.00% 0.11% 0.00% 0.20% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 99.84% 100.00% 99.31% 99.59% 100.00% 100.00% 99.89% 100.00% 99.80% 100.00% 100.00%
Debt to EBITDA		 0.01 0.00 0.04 0.03 0.00 0.00 0.02 0.00 0.02 0.00 0.00
Net Debt to EBITDA		 -0.48 0.00 -0.72 -0.92 0.00 0.00 -1.25 0.00 -1.17 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.01 0.00 0.06 0.04 0.00 0.00 0.03 0.00 0.04 0.00 0.00
Net Debt to NOPAT		 -0.60 0.00 -0.91 -1.16 0.00 0.00 -2.07 0.00 -2.08 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -165 -34 -38 -41 -52 -35 -23 -30 -16 -17 -18
Operating Cash Flow to CapEx		 1,560.58% 4,408.00% 11,703.45% 3,502.29% 2,611.83% 10,613.73% 699.07% 1,971.59% 7,788.33% 8,745.19% -99.08%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.16 0.15 0.15 0.15 0.15 0.15 0.14 0.15 0.14 0.15 0.15
Fixed Asset Turnover		 19.04 19.46 20.21 21.15 21.61 21.89 22.52 23.51 24.03 25.05 26.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 153 172 197 192 208 210 218 229 226 235 239
Invested Capital Turnover		 3.47 1.61 1.38 1.45 1.38 1.28 1.17 1.17 1.14 1.15 1.14
Increase / (Decrease) in Invested Capital		 167 44 42 45 55 38 22 37 18 25 20
Enterprise Value (EV)		 125 106 84 109 148 171 209 152 241 220 234
Market Capitalization		 141 133 106 135 181 200 227 175 264 243 253
Book Value per Share		 $3.08 $3.47 $3.94 $3.86 $4.16 $4.22 $4.37 $4.57 $4.49 $4.67 $4.74
Tangible Book Value per Share		 $3.08 $3.47 $3.94 $3.86 $4.16 $4.22 $4.37 $4.57 $4.49 $4.67 $4.74
Total Capital		 153 172 197 192 208 210 218 229 226 235 239
Total Debt		 0.25 0.00 1.35 0.79 0.00 0.00 0.25 0.00 0.45 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -17 -27 -22 -26 -32 -29 -18 -23 -23 -23 -19
Capital Expenditures (CapEx)		 0.21 0.15 0.06 0.13 0.37 0.10 0.11 0.18 0.06 0.10 0.33
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.37 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.25 0.00 1.35 0.79 0.00 0.00 0.25 0.00 0.45 0.00 0.00
Total Depreciation and Amortization (D&A)		 1.58 1.45 1.61 1.52 1.53 1.67 1.44 1.46 1.40 1.33 1.34
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.06 $0.21 $0.09 $0.08 $0.06 $0.07 ($0.03) $0.13 $0.04 $0.15 $0.05
Adjusted Weighted Average Basic Shares Outstanding		 49.55M 49.57M 49.63M 49.87M 49.91M 49.91M 50.15M 50.25M 50.30M 50.30M 50.55M
Adjusted Diluted Earnings per Share		 $0.05 $0.21 $0.09 $0.08 $0.05 $0.07 ($0.03) $0.13 $0.04 $0.14 $0.04
Adjusted Weighted Average Diluted Shares Outstanding		 49.55M 49.57M 49.63M 49.87M 49.91M 49.91M 50.15M 50.25M 50.30M 50.30M 50.55M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 49.55M 49.57M 49.63M 49.87M 49.91M 49.91M 50.15M 50.25M 50.30M 50.30M 50.55M
Normalized Net Operating Profit after Tax (NOPAT)		 3.29 7.26 4.84 2.31 2.79 5.49 -1.37 6.46 2.42 7.34 3.10
Normalized NOPAT Margin		 5.55% 10.86% 8.38% 3.72% 4.52% 8.65% -2.46% 9.92% 3.85% 10.18% 5.20%
Pre Tax Income Margin		 7.81% 13.13% 8.53% 5.32% 4.92% 5.85% -3.21% 10.62% 7.13% 10.91% 3.98%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 4.54% 3.76% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Citizens, Inc. (NYSE: CIA) showed a sharp rebound in profitability in 2025 after a weak start to 2025 and a much stronger 2024. The latest quarter, Q1 2026, looked softer again on both earnings and cash flow, even though the balance sheet remains large relative to common equity.

Key trend: earnings are volatile. CIA’s quarterly net income has swung significantly over the last four years, driven by changes in premiums earned, capital gains on investments, and insurance claims. That makes results harder to predict and suggests the business is sensitive to market conditions and underwriting performance.

  • Q1 2026 was profitable, with net income of $2.3 million after earning $59.7 million in revenue.
  • Premiums earned remain a major source of revenue, contributing $39.9 million in Q1 2026 and helping support the top line.
  • The company continues to generate investment gains, with $18.3 million in net realized and unrealized capital gains in Q1 2026.
  • Common equity grew modestly to $238.7 million at March 31, 2026, up from $225.6 million a year earlier and $207.6 million at Q3 2024.
  • Retained earnings improved to $73.9 million in Q1 2026 from $55.4 million in Q1 2025, reflecting accumulated profitability.
  • Revenue was down sequentially, falling from $72.1 million in Q4 2025 to $59.7 million in Q1 2026.
  • Balance sheet size is stable, with total assets at $1.74 billion in Q1 2026 versus $1.74 billion in Q3 2025 and $1.66 billion in Q2 2025.
  • Investment securities dominate assets, with trading account securities around $1.36 billion in Q1 2026, indicating returns may stay tied to market performance.
  • Share count has been fairly steady, with diluted shares around 50.6 million in Q1 2026, limiting dilution concerns for now.
  • Operating cash flow turned negative in Q1 2026 at $(323,000), down sharply from $9.1 million in Q4 2025.
  • Net income fell sharply quarter over quarter, from $7.3 million in Q4 2025 to $2.3 million in Q1 2026.
  • Cash balance is thin, with only $18.5 million in cash and due from banks in Q1 2026, which is small relative to liabilities of $1.50 billion.
  • Other comprehensive loss remains a drag, with AOCI at $(87.5 million) in Q1 2026.
  • Quarterly performance remains inconsistent: Q1 2025 was a loss of $(1.6 million), Q2 and Q3 2025 were profitable, and Q1 2026 slowed again.

Bottom line: Citizens, Inc. has shown it can produce profitable quarters, but its results remain highly uneven. The business appears to rely heavily on investment gains and fluctuating insurance-related items, while cash generation can swing sharply from quarter to quarter. For retail investors, CIA looks like a company with improving equity trends but still elevated earnings and cash flow volatility.

07/27/26 04:26 AM ETAI Generated. May Contain Errors.

Citizens Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Citizens' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Citizens' net income appears to be on an upward trend, with a most recent value of $14.59 million in 2025, falling from -$3.14 million in 2015. The previous period was $14.91 million in 2024. See Citizens' forecast for analyst expectations on what's next for the company.

Over the last 10 years, Citizens' total revenue changed from $236.27 million in 2015 to $255.62 million in 2025, a change of 8.2%.

Citizens' total liabilities were at $1.52 billion at the end of 2025, a 3.0% increase from 2024, and a 23.2% increase since 2015.

In the past 10 years, Citizens' cash and equivalents has ranged from $22.97 million in 2022 to $82.83 million in 2015, and is currently $22.98 million as of their latest financial filing in 2025.

Over the last 10 years, Citizens' book value per share changed from -0.36 in 2015 to 4.67 in 2025, a change of -1,384.6%.


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Financial statements for NYSE:CIA last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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