Citizens, Inc. Reports Net Income of $26 Million for 2022 Amidst Recast Financial Data

Citizens, Inc.(CIA), a leading insurance company and its consolidated subsidiaries, announced its financial results for the year 2022, highlighting a net income of $26 million amidst recalculated financial data due to the Long Duration Targeted Improvements (LDTI) accounting standard. The company also reported revenues totaling $232.5 million for the same period, underscoring its resilience in the face of evolving financial standards.

Net Income of $26 Million in 2022

Citizens, Inc. showcased its financial fortitude by reporting a net income of $26 million for the year 2022. This result, derived from the recalculated financial data adjusted for the Long Duration Targeted Improvements (LDTI) accounting standard, demonstrates the company's commitment to maintaining a strong financial position. The net income figure reflects Citizens, Inc.'s ability to navigate through changing accounting regulations while continuing to generate positive earnings.

Revenue Reaches $232.5 Million for 2022