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Citizens CIA Other Business — Cost of insurance acquired

Other product segments

Permanent
$6.94M-5.2%
Permanent Limited Pay
$755K-5.2%

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Other financials

Income statement

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Revenue$59.7M+7.3%
Net income$2.3M+240%
EPS (diluted)$0.04+233%

Balance sheet

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Cash & equivalents$18.5M+0.9%
Total debt$7.4M-5.5%
Total equity$238.7M+9.4%
Total assets$1.7B+2.2%

Cash flow

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Operating cash flow-$323.0K-143%
CapEx$326.0K+205%
Free cash flow-$649.0K-201%

Valuation

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Market cap$300.79M+65.2%
P/E16.3×-4.5×
P/S1.2×+0.4×

Profitability

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Net margin7.1%+3.5pp
FCF margin6.3%-4.1pp

Returns & leverage

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Return on equity8.1%+3.9pp
Debt / equity0.0×

Where this comes from

Reported directly by Citizens in its filing.

Tagged under the XBRL concept us-gaap:ValueOfBusinessAcquiredVOBA.

The official record: Citizens’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Citizens's other business — cost of insurance acquired?
Citizens (CIA) reported other business — cost of insurance acquired of $1.11M in Q1 2026.
How has Citizens's other business — cost of insurance acquired changed year-over-year?
Citizens's other business — cost of insurance acquired decreased by 9.6% year-over-year, from $1.23M to $1.11M.
What is the long-term trend for Citizens's other business — cost of insurance acquired?
Over 3 years (2022 to 2025), Citizens's other business — cost of insurance acquired has grown at a -14.1% compound annual growth rate (CAGR), from $7.75M to $4.92M.
What does other business — cost of insurance acquired mean?
This metric quantifies the value assigned to the insurance contracts acquired through business combinations or portfolio transfers within the Other Business segment. It represents the intangible asset value of the future profits expected from the acquired policy base. Amortization of this cost is a critical component in evaluating the profitability of inorganic growth strategies.