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Citizens CIA Permanent — Cost of insurance acquired

Other product segments

Permanent Limited Pay
$755K-5.2%

Similar metrics at other companies

Enact Holdings, Inc. logo
ACTAmortization of deferred acquisition costs and intangibles
$2.12M-12.6%
Ameriprise Financial logo
AMPTerm and Whole Life Insurance — Capitalization of acquisition costs
$0-100%
Lincoln National logo
LNCLife Insurance — Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net
$7.7B+0.6%
BH
BHInsurance premiums and other — CapEx
$64.25K+69.1%
Lincoln National logo
LNCOther Operations — Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net
$6M
Brighthouse Financial logo
BHFTerm and Whole Life Insurance — Deferred policy acquisition costs and value of business acquired
$257M-14.9%

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 permanent — cost of insurance acquired?
Citizens (CIA) reported permanent — cost of insurance acquired of $6.94M in Q1 2026.
How has Citizens's permanent — cost of insurance acquired changed year-over-year?
Citizens's permanent — cost of insurance acquired decreased by 5.2% year-over-year, from $7.33M to $6.94M.
What is the long-term trend for Citizens's permanent — cost of insurance acquired?
Over 3 years (2022 to 2025), Citizens's permanent — cost of insurance acquired has grown at a -3.6% compound annual growth rate (CAGR), from $32.03M to $28.72M.
What does permanent — cost of insurance acquired mean?
Represents the value assigned to the insurance contracts acquired through business combinations or block acquisitions within the permanent segment. This metric captures the intangible asset value of the acquired customer base and their expected future cash flows. It is essential for evaluating the financial impact of inorganic growth and the premium paid for market expansion.