Citizens, Inc. (“Citizens”) is a Colorado domiciled insurance holding company serving the life insurance needs of individuals in the United States since 1969 and internationally since 1975. Citizens operates through its insurance subsidiaries: CICA Life Insurance Company of America (“CICA LIFE”), Citizens National Life Insurance Company (“CNLIC”), Security Plan Life Insurance Company (“SPLIC”) and Security Plan Fire Insurance Company (“SPFIC”).

Citizens pursues a strategy of offering traditional insurance products in niche markets where we believe we are able to achieve competitive advantages.

TypePublic
HQAustin, US
Founded1969
Size (employees)333 (est)
Websitecitizensinc.com
Citizens was founded in 1969 and is headquartered in Austin, US
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Key People/Management at Citizens

Geoffrey M. Kolander

Geoffrey M. Kolander

President and Chief Executive Officer
Kay E. Osbourn

Kay E. Osbourn

Executive Vice President, Chief Financial Officer and Chief Investment Officer
Robert M. Mauldin

Robert M. Mauldin

Vice President, Chief Marketing Officer
Jeffery P. Conklin

Jeffery P. Conklin

Vice President, Chief Accounting Officer and Treasurer
James A. Eliasberg

James A. Eliasberg

Vice President, Chief Legal Officer and Corporate Secretary
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Citizens Office Locations

Citizens has an office in Austin
Austin, (HQ)
400 E Anderson Ln
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Citizens Financials and Metrics

Citizens Revenue

Citizens's revenue was reported to be $252.63 m in FY, 2017
USD

Revenue (Q3, 2018)

61.2m

Net income (Q3, 2018)

(14.8m)

Market capitalization (12-Dec-2018)

387.1m

Closing stock price (12-Dec-2018)

7.7

Cash (30-Sep-2018)

68.8m
Citizens's current market capitalization is $387.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

213.6m230.2m236.3m245.4m252.6m

Revenue growth, %

8%3%4%

Sales and marketing expense

40.5m43.6m44.6m41.3m

Operating expense total

206.7m238.9m239.9m255.6m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

53.6m53.0m56.5m57.2m55.9m60.1m58.1m54.5m61.2m61.7m59.6m60.9m64.3m57.4m59.8m61.2m

Sales and marketing expense

9.9m9.9m10.4m11.1m9.9m10.8m11.4m9.5m10.8m10.9m9.9m9.9m10.8m9.0m8.7m8.7m

Operating expense total

51.0m51.3m55.0m54.0m55.5m60.9m58.3m56.3m58.9m57.5m58.6m58.8m61.2m54.9m64.0m55.6m

Net Income

1.8m1.2m1.2m2.3m425.0k(1.9m)103.0k(1.9m)1.3m2.5m2.1m572.0k3.4m37.0k(2.6m)(14.8m)
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

54.6m82.8m35.5m46.1m

Accounts Receivable

Inventories

938.2m1.1b1.2b1.3b

PP&E

6.7m6.3m7.9m6.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

4.8m(6.5m)(3.6m)2.0m(38.1m)

Depreciation and Amortization

779.0k806.0k1.1m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.2m2.3m425.0k(1.5m)(1.4m)(1.9m)(630.0k)1.9m2.1m2.6m6.1m37.0k(2.5m)(17.3m)

Depreciation and Amortization

386.0k571.0k324.0k405.0k600.0k236.0k504.0k763.0k437.0k708.0k921.0k

Cash From Operating Activities

39.8m62.7m21.0m43.0m69.2m21.6m43.4m68.9m22.0m42.0m65.2m

Purchases of PP&E

(123.0k)(240.0k)(266.0k)(527.0k)(978.0k)(433.0k)(952.0k)(1.2m)(61.0k)(211.0k)(437.0k)
USDY, 2018

Financial Leverage

8.9 x
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Citizens Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

20 wdxefcqufszuzezftuxetqsqxt30 30
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Citizens Revenue Breakdown

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Citizens revenue breakdown by business segment: 24.5% from Home Service, 74.9% from Life Insurance and 0.6% from Other

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Citizens News and Updates

World Senior Citizens Day: AMD, leading cause of chronic blindness in elderly

Age-related Macular Degeneration (AMD) is one of the important causes of severe visual loss in the elderly population. It constitutes to 8.7% of the world population.AMD symptoms include blurred or fuzzy vision, straight lines that appear wavy or crooke, decreased contrast or colour sensitivity, dif…

Citizens experience tremors; it is not earth quake, says

Mild tremor with noise akin to the lightning in parts of Bengaluru sent residents in several areas into a tizzy today. Panicked residents ran out of their house fearing amajor earthquake in the offing. However, Dr G S Srinivasa Reddy, director of Karnataka State Natural Disaster Monitoring Centr…

Ludwig Joins First Citizens Bank as Chief Human Resources Officer

RALEIGH, N.C., Aug. 16, 2018 (GLOBE NEWSWIRE) -- First Citizens Bank announced today that West Ludwig has joined the company as Chief Human Resources Officer.

Hari Ravichandran Launches Foundation With Inaugural Gift To Citizens United for Research in Epilepsy (CURE)

BOSTON, Aug. 16, 2018 /PRNewswire/ -- Hari Ravichandran, the CEO and Founder of Jump Ventures, a scalability infusion firm, today launched the Ravichandran Foundation by announcing its first financial commitment of $150,000 to benefit Citizens United for Research in Epilepsy (CURE) and...

Hari Ravichandran Launches Foundation With Inaugural Gift To Citizens United for Research in Epilepsy (CURE)

BOSTON, Aug. 16, 2018 /PRNewswire/ -- Hari Ravichandran, the CEO and Founder of Jump Ventures, a scalability infusion firm, today launched the Ravichandran Foundation by announcing its first financial commitment of $150,000 to benefit Citizens United for Research in Epilepsy (CURE) and...

Avison Young launches fourth annual Global Citizenship report, shows progress in integrating sustainability criteria into its own and clients' planning, decision-making processes and operations

TORONTO, Aug. 15, 2018 /PRNewswire/ - Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today that it has released its fourth annual Global Citizenship report. Global Citizenship is the umbrella name of Avison Young's...
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Citizens Company Life and Culture

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Citizens Frequently Asked Questions

  • When was Citizens founded?

    Citizens was founded in 1969.

  • Who are Citizens key executives?

    Citizens's key executives are Geoffrey M. Kolander, Kay E. Osbourn and Robert M. Mauldin.

  • How many employees does Citizens have?

    Citizens has 333 employees.

  • What is Citizens revenue?

    Latest Citizens annual revenue is $252.6 m.

  • What is Citizens revenue per employee?

    Latest Citizens revenue per employee is $758.6 k.

  • Who are Citizens competitors?

    Competitors of Citizens include Reinsurance Group of America, Hanover Insurance and FBL Financial.

  • Where is Citizens headquarters?

    Citizens headquarters is located at 400 E Anderson Ln, Austin.

  • Where are Citizens offices?

    Citizens has an office in Austin.

  • How many offices does Citizens have?

    Citizens has 1 office.