For the quarter ending 2026-03-31, CIA had -$4,456K decrease in cash & cash equivalents over the period. -$649K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | 2,268 | 7,338 | 2,417 | 4,836 |
| Investment related (gains) losses on sale of investments and other assets | 984 | 1,881 | -1,255 | -486 |
| Net deferred policy acquisition cost | -3,965 | 35,390 | -5,179 | -9,309 |
| Amortization of cost of insurance acquired | 188 | 146 | 128 | 177 |
| Depreciation | 171 | 206 | 192 | 343 |
| Amortization of premiums and discounts on investments | -979 | -977 | -1,080 | -2,379 |
| Stock-based compensation | 476 | 1,047 | -70 | 1,797 |
| Deferred federal income tax expense (benefit) | -91 | 252 | 1,590 | -375 |
| Accrued investment income | 323 | 956 | -238 | -23 |
| Reinsurance recoverable | 2,039 | 489 | 997 | 2,447 |
| Federal income tax receivable | - | -92 | 611 | -995 |
| Due premiums | -1,950 | 1,362 | -798 | -986 |
| Future policy benefit reserves | -3,507 | 2,323 | -6,783 | -6,335 |
| Other policyholders' liabilities | 7,714 | 7,528 | 9,824 | 14,670 |
| Federal income tax receivable | -197 | - | - | - |
| Commissions payable and other liabilities | -5,212 | -239 | 324 | -1,417 |
| Other, net | -1,855 | -711 | 755 | 601 |
| Net cash provided by (used in) operating activities | -323 | 9,095 | 4,673 | 4,218 |
| Purchases of fixed maturity securities, available-for-sale | 31,022 | 69,088 | 66,969 | 34,375 |
| Sales of fixed maturity securities, available-for-sale | 9,976 | 34,525 | 45,574 | 14,569 |
| Maturities and calls of fixed maturity securities, available-for-sale | 18,752 | 10,219 | 15,631 | 14,723 |
| Purchases of equity securities | - | 0 | 120 | - |
| Sales of equity securities | - | 0 | 4,482 | - |
| Principal payments on mortgage loans | 2 | 3 | 2 | 4 |
| Change in policy loans | -238 | -1,262 | -931 | -1,568 |
| Sales of other long-term investments | 0 | 23,254 | -428 | 2,031 |
| Purchases of other long-term investments | 1,048 | 8,580 | 3,571 | 4,872 |
| Purchase of property and equipment | 326 | 104 | 60 | 283 |
| Other share repurchases | - | - | -8 | -272 |
| Net cash used in investing activities | -3,428 | -8,509 | -4,528 | -6,635 |
| Annuity deposits | 2,358 | -4,520 | 2,505 | 4,434 |
| Annuity withdrawals | 3,063 | -3,785 | 2,190 | 8,345 |
| Other share repurchases | 0 | 278 | - | - |
| Net cash used in financing activities | -705 | -733 | 307 | -4,183 |
| Net increase (decrease) in cash and cash equivalents | -4,456 | -147 | 452 | -6,600 |
| Cash and cash equivalents at beginning of year | 22,976 | 23,123 | 29,271 | - |
| Cash and cash equivalents at end of period | 18,520 | 22,976 | 23,123 | - |
CITIZENS, INC. (CIA)
CITIZENS, INC. (CIA)