← CITIZENS, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $2.0m ($38.1m) ($11.1m) ($1.4m) ($11.0m) $36.8m ($6.6m) $24.4m $14.9m $14.6m
Deferred Policy Acquisition Costs, Amortization Expense $28.5m $29.7m $34.2m $28.3m $27.4m $25.0m $26.5m $15.5m $17.4m $18.9m
Depreciation $806k $1.1m $1.5m $1.7m $1.4m $1.1m $536k $515k $619k $741k
Deferred Income Tax Expense (Benefit) $9.8m ($20.7m) ($62.6m) ($1.6m) ($402k) $427k $124k $860k ($1.8m) $1.5m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — $393k $278k
Share-based Payment Arrangement, Expense — — $410k $2.2m $2.4m $700k $600k $900k — —
Goodwill and Intangible Asset Impairment $0 — $0 $0 — — — — — —
Goodwill, Impairment Loss — — — — — $12.6m $0 $0 — —
Gain (Loss) on Disposition of Property Plant Equipment — — ($80k) ($48k) $9k $13k $0 $0 — —
Income Tax Expense (Benefit) $3.5m $35.1m $13.1m $7.1m ($1.3m) ($43.5m) ($429k) $1.7m $68k $2.9m
Operating Lease, Expense — $114k $118k $1.6m $1.3m $1.4m $1.4m $1.4m $1.5m $1.5m
Additional Financial Items
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($828k) $962k $1.6m $376k ($2.7m) ($190k) $164k ($127k)
Gain (Loss) on Sale of Properties — $1.1m $0 $5.5m $0 $981k $0 $0 — —
Goodwill $17.3m $12.6m $12.6m $12.6m — — — — — —
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $25.5m $24.8m $24.6m $27.4m $38.6m $33.6m $28.7m $25.1m $26.2m $23.5m
Realized Investment Gains (Losses) ($2.0m) $518k $108k $5.2m $1.5m $11.0m ($10.3m) $760k ($2.6m) $140k
Gain (Loss) on Investments — — — — — $3.0m $2.3m $99k ($1.5m) $613k
Net Cash Provided by (Used in) Operating Activities $102.3m $93.0m $84.6m $72.2m $48.8m $40.5m $56.9m $22.1m $31.9m $18.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $2.2m $1.3m $724k $511k $221k $1.0m $100k $442k $663k $447k
Payments to Acquire Businesses, Net of Cash Acquired $0 — — — — — — — — —
Gains (Losses) on Sales of Investment Real Estate $2.0m ($518k) ($108k) ($5.2m) ($1.5m) $0 $10.3m ($760k) $2.6m ($140k)
Net Cash Provided by (Used in) Investing Activities ($152.1m) ($85.0m) ($85.1m) ($69.3m) ($61.8m) ($41.1m) ($60.7m) ($14.5m) ($27.2m) ($19.7m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $56.0m $74.9m $65.9m $181.6m $220.4m $53.1m $44.5m $29.5m $51.2m $40.6m
Proceeds from Issuance of Common Stock — — — — — $2.3m $2.2m $0 — —
Proceeds from (Payments for) Other Financing Activities — — — ($377k) ($869k) ($456k) ($118k) ($60k) — —
Net Cash Provided by (Used in) Financing Activities $2.5m $2.5m ($58k) ($2.2m) $904k ($6.2m) ($499k) ($3.5m) ($2.5m) ($4.6m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($47.3m) $10.6m ($572k) $713k ($12.1m) ($6.8m) ($4.3m) $4.0m $2.3m ($6.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — $34.1m $27.3m $23.0m $27.0m $29.3m $23.0m
Restricted Cash and Investments, Current — — — — — — — — $1.6m $1.6m
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $4.1m $2.7m $2.5m $2.2m $0 $1.2m $300k $1.8m $472k $1.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.