What is Citizens's permanent — future policy benefit reserve?

Citizens (CIA) reported permanent — future policy benefit reserve of $778.58M in Q1 2026.

How has Citizens's permanent — future policy benefit reserve changed year-over-year?

Citizens's permanent — future policy benefit reserve decreased by 2.8% year-over-year, from $800.85M to $778.58M.

What does permanent — future policy benefit reserve mean?

This represents the estimated liability for future insurance benefits that the company expects to pay to policyholders in the permanent life insurance segment. It is an actuarial calculation based on assumptions regarding mortality, morbidity, and interest rates to ensure long-term solvency.

Citizens CIA Permanent — Future policy benefit reserve

Other product segments

Life Insurance Product Line

$1.17B-0.8%

Permanent Limited Pay

$266.61M-1.2%

Accident and Health Insurance Product Line

$1.4M+25.7%

Similar metrics at other companies

UFCSFuture policy benefits

$45.43M+131%

FGFuture policy benefits

$10.75B+18.6%

GELong-term care — Future policy benefit reserves

$24.95B+0.9%

FGFuture policy benefits

$197M-6.2%

AMPTerm and Whole Life Insurance — Reserve for future policy benefits

$561M-6.3%

GELife — Future policy benefit reserves

$877M-12.6%

Other financials

Income statement

See full

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 / equity0×0.0×

Where this comes from

Reported directly by Citizens in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitAfterReinsurance.

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 — future policy benefit reserve?: Citizens (CIA) reported permanent — future policy benefit reserve of $778.58M in Q1 2026.
How has Citizens's permanent — future policy benefit reserve changed year-over-year?: Citizens's permanent — future policy benefit reserve decreased by 2.8% year-over-year, from $800.85M to $778.58M.
What does permanent — future policy benefit reserve mean?: This represents the estimated liability for future insurance benefits that the company expects to pay to policyholders in the permanent life insurance segment. It is an actuarial calculation based on assumptions regarding mortality, morbidity, and interest rates to ensure long-term solvency.