Citizens Announces Q1 2021 Financial Results
Class B Stock purchase paves the way for one class of voting stock
Recruiting and training efforts strengthen distribution trends
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AUSTIN, Texas, May 5, 2021 /PRNewswire/ -- Citizens, Inc. (NYSE: CIA) today announced Q1 2021 financial results showing a loss per share of ($0.07). Despite an ongoing complex COVID-19 environment and continuing legal expenses associated with the Company's change-in-control, results were consistent with the prior year.
Gerald W. Shields, Vice-Chairman of the Board and interim CEO, said, "2021 is a significant milestone in our history with the recently announced approval to purchase all of the Class B shares from the Harold E. Riley Foundation. This transaction gives control back to the Company enabling one class of voting shares to elect all directors."