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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.
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Citizens Announces Q4 And 2020 Financial Results
A strong finish to 2020 with Q4 first year premiums up 10%
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AUSTIN, Texas, March 10, 2021 /PRNewswire/ Citizens, Inc. (NYSE: CIA) today announced 2020 financial results showing a Class A loss per share of ($0.22) primarily driven by one-time expenses of $0.19 per share triggered by a change-in-control of the Company. Excluding this one-time expense, loss per share of Class A common stock was ($0.03)
1 for the full year. Despite this distraction on top of the global pandemic, this outcome is consistent with the prior year.
Gerald W. Shields, Vice-Chairman of the Board and interim CEO, said, 2020 was a pivotal year where we focused on our customers, our products and our distribution channel making tremendous progress in a new virtual marketplace. Our campaigns invigorated sales despite navigating significant challenges and during the fourth quarter we saw first year pr
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