NASHVILLE (BP) – After a tumultuous 2020, many were hoping for a calmer 2021. But this year has been anything but calm. We had some great news, like a lot
NASHVILLE (BP) – After a tumultuous 2020, many were hoping for a calmer 2021. But this year has been anything but calm. We had some great news, like a lot
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.
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