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Citizens CIA Permanent Limited Pay — Deferred policy acquisition costs

Other product segments

Permanent
$192.17M+10.6%

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HMNLimited-Pay Whole Life — Deferred policy acquisition cost amortization
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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:DeferredPolicyAcquisitionCosts.

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 limited pay — deferred policy acquisition costs?
Citizens (CIA) reported permanent limited pay — deferred policy acquisition costs of $30.61M in Q1 2026.
How has Citizens's permanent limited pay — deferred policy acquisition costs changed year-over-year?
Citizens's permanent limited pay — deferred policy acquisition costs increased by 8.3% year-over-year, from $28.25M to $30.61M.
What is the long-term trend for Citizens's permanent limited pay — deferred policy acquisition costs?
Over 3 years (2022 to 2025), Citizens's permanent limited pay — deferred policy acquisition costs has grown at a 13.5% compound annual growth rate (CAGR), from $79.59M to $116.48M.
What does permanent limited pay — deferred policy acquisition costs mean?
Represents the unamortized balance of costs directly related to the acquisition of new insurance contracts within the Permanent Limited Pay segment. These costs are capitalized and amortized over the expected life of the policies to match expenses with related revenue recognition.