Citizens, Inc. reported its financial results for the second quarter of 2025, revealing a net income of $6.5 million, a significant increase from $4.0 million in the same period last year. For the first half of 2025, the company recorded a net income of $4.8 million, down from $8.5 million in the prior year. Total revenues for the second quarter reached $65.1 million, up from $62.1 million in the previous year, driven by a 6% increase in premium revenue and improved investment-related gains. The company’s total assets as of June 30, 2025, stood at $1.7 billion, compared to $1.7 billion at the end of 2024.
The company experienced notable changes in its operational metrics. Life insurance premiums for the second quarter increased to $42.9 million from $42.1 million year-over-year, while accident and health insurance premiums rose to $451,000 from $458,000. The total direct insurance in force reached $5.35 billion, reflecting a strategic focus on expanding its product offerings and distribution channels. The number of policies issued in the Life Insurance segment increased, with first-year premiums rising by 20% in the second quarter compared to the previous year.
Citizens, Inc. has also made strategic adjustments, including a coinsurance agreement with RGA Reinsurance Company, which began in the second quarter of 2024. This agreement allows the company to cede 50% of its final expense business, thereby alleviating some of the financial strain associated with claims and commissions. The company’s investment portfolio remains robust, with fixed maturity securities comprising 88% of total investments, valued at $1.24 billion as of June 30, 2025.
Looking ahead, Citizens, Inc. anticipates continued growth in its Life Insurance segment, particularly through the sale of newer whole life products. The company is closely monitoring market conditions and policyholder behavior, especially regarding matured endowments and surrenders, which could impact liquidity. The management remains optimistic about the company’s ability to meet its financial obligations and maintain regulatory capital requirements, with no debt reported as of the end of the second quarter.
About CITIZENS, INC.
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