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Citizens CIA Reserve for Incurred But Not Reported (IBNR) Claims

Reserve for Incurred But Not Reported (IBNR) Claims at other companies

Aflac logo
AflacAFL
$5.42B-7.5%
Globe Life logo
Globe LifeGL
$576.45M+24.5%
American International Group logo
American International GroupAIG
$334M-15.4%
Brighthouse Financial logo
Brighthouse FinancialBHF
$3.99B+3.3%
Corebridge Financial logo
Corebridge FinancialCRBG
$2.97B+2.9%

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:OtherPolicyholderFunds.

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 reserve for incurred but not reported (IBNR) claims?
Citizens (CIA) reported reserve for incurred but not reported (IBNR) claims of $8.1M in Q1 2026.
How has Citizens's reserve for incurred but not reported (IBNR) claims changed year-over-year?
Citizens's reserve for incurred but not reported (IBNR) claims increased by 3.1% year-over-year, from $7.85M to $8.1M.
What is the long-term trend for Citizens's reserve for incurred but not reported (IBNR) claims?
Over 5 years (2020 to 2025), Citizens's reserve for incurred but not reported (IBNR) claims has grown at a -18.7% compound annual growth rate (CAGR), from $22.45M to $7.96M.
What does reserve for incurred but not reported (IBNR) claims mean?
This liability account captures the estimated value of insurance claims that have occurred but have not yet been formally reported to the insurer by the policyholder. It is a vital actuarial estimate that ensures the company maintains sufficient capital to cover latent claim obligations. Accurate estimation of IBNR is fundamental to assessing the underwriting risk and financial health of an insurance entity.