Citizens Inc (CIA) - Net Assets
Based on the latest financial reports, Citizens Inc (CIA) has net assets worth $238.67 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.74 Billion) and total liabilities ($1.51 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Explore cash flow conversion of Citizens Inc to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $238.67 Million |
| % of Total Assets | 13.69% |
| Annual Growth Rate | 14.9% |
| 5-Year Change | -26.7% |
| 10-Year Change | -5.67% |
| Growth Volatility | 51.11 |
Citizens Inc - Net Assets Trend (1987–2025)
This chart illustrates how Citizens Inc's net assets have evolved over time, based on quarterly financial data. Explore CIA long-term investment intensity to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Citizens Inc (1987–2025)
The table below shows the annual net assets of Citizens Inc from 1987 to 2025. For live valuation and market cap data, see Citizens Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $234.99 Million | +11.71% |
| 2024-12-31 | $210.35 Million | +22.21% |
| 2023-12-31 | $172.13 Million | +34.70% |
| 2022-12-31 | $127.79 Million | -60.14% |
| 2021-12-31 | $320.57 Million | +6.52% |
| 2020-12-31 | $300.94 Million | +15.82% |
| 2019-12-31 | $259.84 Million | +38.41% |
| 2018-12-31 | $187.73 Million | -16.01% |
| 2017-12-31 | $223.51 Million | -10.27% |
| 2016-12-31 | $249.10 Million | +2.71% |
| 2015-12-31 | $242.52 Million | -6.13% |
| 2014-12-31 | $258.36 Million | +5.11% |
| 2013-12-31 | $245.81 Million | -6.57% |
| 2012-12-31 | $263.11 Million | +2.90% |
| 2011-12-31 | $255.69 Million | +12.32% |
| 2010-12-31 | $227.63 Million | +5.35% |
| 2009-12-31 | $216.07 Million | +25.96% |
| 2008-12-31 | $171.54 Million | -2.62% |
| 2007-12-31 | $176.16 Million | +26.18% |
| 2006-12-31 | $139.61 Million | +1.93% |
| 2005-12-31 | $136.96 Million | +1.36% |
| 2004-12-31 | $135.13 Million | +6.38% |
| 2003-12-31 | $127.03 Million | +24.79% |
| 2002-12-31 | $101.79 Million | +23.05% |
| 2001-12-31 | $82.72 Million | +7.00% |
| 2000-12-31 | $77.31 Million | +6.98% |
| 1999-12-31 | $72.27 Million | -3.52% |
| 1998-12-31 | $74.90 Million | -5.88% |
| 1997-12-31 | $79.58 Million | +18.99% |
| 1996-12-31 | $66.88 Million | +90.55% |
| 1995-12-31 | $35.10 Million | 0.00% |
| 1994-12-31 | $35.10 Million | +24.03% |
| 1993-12-31 | $28.30 Million | +24.12% |
| 1992-12-31 | $22.80 Million | +74.05% |
| 1991-12-31 | $13.10 Million | +63.75% |
| 1990-12-31 | $8.00 Million | +23.08% |
| 1989-12-31 | $6.50 Million | +38.30% |
| 1988-12-31 | $4.70 Million | +291.67% |
| 1987-12-31 | $1.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Citizens Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 7195300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $71.65 Million | 30.49% |
| Common Stock | $275.48 Million | 117.23% |
| Other Comprehensive Income | $-88.42 Million | -37.63% |
| Total Equity | $234.99 Million | 100.00% |
Citizens Inc Competitors by Market Cap
The table below lists competitors of Citizens Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LIFELINE SPAC I OYJ A EO1
F:0CD
|
$261.36 Million |
|
Titomic Ltd
AU:TTT
|
$261.38 Million |
|
Brainchip Holdings Ltd
AU:BRN
|
$261.42 Million |
|
Perma-Pipe International Holdings Inc
NASDAQ:PPIH
|
$261.49 Million |
|
Marmaris Altinyunus Turistik Tesisleri AS
IS:MAALT
|
$261.24 Million |
|
Master Tec Group Berhad
KLSE:0295
|
$261.21 Million |
|
Jiangxi Changyun Co Ltd
SHG:600561
|
$261.01 Million |
|
TQM CORPORATION
BK:TQM-R
|
$260.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Citizens Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 210,355,000 to 234,985,000, a change of 24,630,000 (11.7%).
- Net income of 14,591,000 contributed positively to equity growth.
- Share repurchases of 278,000 reduced equity.
- Other comprehensive income increased equity by 7,544,000.
- Other factors increased equity by 2,773,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.59 Million | +6.21% |
| Share Repurchases | $278.00K | -0.12% |
| Other Comprehensive Income | $7.54 Million | +3.21% |
| Other Changes | $2.77 Million | +1.18% |
| Total Change | $- | 11.71% |
Book Value vs Market Value Analysis
This analysis compares Citizens Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 103.97x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $0.05 | $5.17 | x |
| 1988-12-31 | $0.19 | $5.17 | x |
| 1989-12-31 | $0.23 | $5.17 | x |
| 1990-12-31 | $0.38 | $5.17 | x |
| 1991-12-31 | $0.57 | $5.17 | x |
| 1992-12-31 | $0.87 | $5.17 | x |
| 1993-12-31 | $1.08 | $5.17 | x |
| 1994-12-31 | $1.37 | $5.17 | x |
| 1995-12-31 | $1.30 | $5.17 | x |
| 1996-12-31 | $2.31 | $5.17 | x |
| 1997-12-31 | $2.36 | $5.17 | x |
| 1998-12-31 | $2.17 | $5.17 | x |
| 1999-12-31 | $2.02 | $5.17 | x |
| 2000-12-31 | $2.14 | $5.17 | x |
| 2001-12-31 | $2.39 | $5.17 | x |
| 2002-12-31 | $2.87 | $5.17 | x |
| 2003-12-31 | $3.22 | $5.17 | x |
| 2004-12-31 | $3.30 | $5.17 | x |
| 2005-12-31 | $3.33 | $5.17 | x |
| 2006-12-31 | $3.23 | $5.17 | x |
| 2007-12-31 | $4.24 | $5.17 | x |
| 2008-12-31 | $3.94 | $5.17 | x |
| 2009-12-31 | $4.45 | $5.17 | x |
| 2010-12-31 | $4.58 | $5.17 | x |
| 2011-12-31 | $5.13 | $5.17 | x |
| 2012-12-31 | $5.26 | $5.17 | x |
| 2013-12-31 | $4.91 | $5.17 | x |
| 2014-12-31 | $5.16 | $5.17 | x |
| 2015-12-31 | $4.84 | $5.17 | x |
| 2016-12-31 | $4.97 | $5.17 | x |
| 2017-12-31 | $4.46 | $5.17 | x |
| 2018-12-31 | $3.74 | $5.17 | x |
| 2019-12-31 | $5.23 | $5.17 | x |
| 2020-12-31 | $6.09 | $5.17 | x |
| 2021-12-31 | $6.35 | $5.17 | x |
| 2022-12-31 | $2.51 | $5.17 | x |
| 2023-12-31 | $3.40 | $5.17 | x |
| 2024-12-31 | $4.15 | $5.17 | x |
| 2025-12-31 | $4.61 | $5.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Citizens Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.71%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 7.47x
- Recent ROE (6.21%) is above the historical average (5.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 8.33% | 10.00% | 0.17x | 4.92x | $-20.00K |
| 1988 | -14.89% | -5.60% | 0.28x | 9.57x | $-1.17 Million |
| 1989 | -6.15% | -2.30% | 0.32x | 8.37x | $-1.05 Million |
| 1990 | 18.75% | 7.28% | 0.33x | 7.71x | $700.00K |
| 1991 | 35.11% | 16.49% | 0.37x | 5.83x | $3.29 Million |
| 1992 | 17.54% | 11.53% | 0.31x | 4.93x | $1.72 Million |
| 1993 | 19.53% | 12.92% | 0.32x | 4.74x | $2.70 Million |
| 1994 | 11.97% | 8.52% | 0.33x | 4.27x | $690.00K |
| 1995 | 11.89% | 8.48% | 0.33x | 4.27x | $665.00K |
| 1996 | 3.29% | 3.44% | 0.30x | 3.21x | $-4.49 Million |
| 1997 | 4.30% | 5.27% | 0.26x | 3.14x | $-4.53 Million |
| 1998 | -8.97% | -9.25% | 0.29x | 3.38x | $-14.21 Million |
| 1999 | 1.76% | 1.77% | 0.28x | 3.54x | $-5.96 Million |
| 2000 | 2.66% | 3.08% | 0.25x | 3.46x | $-5.68 Million |
| 2001 | 4.79% | 5.86% | 0.24x | 3.41x | $-4.31 Million |
| 2002 | 4.18% | 5.13% | 0.25x | 3.21x | $-5.93 Million |
| 2003 | 2.46% | 3.40% | 0.24x | 3.07x | $-9.58 Million |
| 2004 | 5.72% | 7.74% | 0.15x | 4.89x | $-5.78 Million |
| 2005 | 5.33% | 5.14% | 0.21x | 4.83x | $-6.39 Million |
| 2006 | 6.22% | 5.49% | 0.22x | 5.09x | $-5.28 Million |
| 2007 | 9.40% | 9.76% | 0.22x | 4.47x | $-1.06 Million |
| 2008 | -9.16% | -10.71% | 0.18x | 4.85x | $-32.86 Million |
| 2009 | 8.02% | 9.18% | 0.20x | 4.29x | $-4.27 Million |
| 2010 | 6.46% | 7.73% | 0.19x | 4.33x | $-8.06 Million |
| 2011 | 3.32% | 4.37% | 0.18x | 4.27x | $-17.09 Million |
| 2012 | 1.72% | 2.23% | 0.17x | 4.47x | $-21.78 Million |
| 2013 | 1.95% | 2.24% | 0.18x | 4.95x | $-19.79 Million |
| 2014 | -2.31% | -2.59% | 0.16x | 5.49x | $-31.81 Million |
| 2015 | -1.30% | -1.33% | 0.16x | 6.12x | $-27.39 Million |
| 2016 | 0.79% | 0.80% | 0.15x | 6.36x | $-22.94 Million |
| 2017 | -17.06% | -15.09% | 0.15x | 7.36x | $-60.48 Million |
| 2018 | -5.89% | -4.53% | 0.15x | 8.61x | $-29.84 Million |
| 2019 | -0.53% | -0.55% | 0.14x | 6.72x | $-27.35 Million |
| 2020 | -3.65% | -4.60% | 0.13x | 6.13x | $-41.08 Million |
| 2021 | 22.68% | 29.02% | 0.14x | 5.79x | $40.65 Million |
| 2022 | 20.35% | 11.18% | 0.15x | 12.45x | $13.23 Million |
| 2023 | 14.20% | 10.15% | 0.14x | 9.70x | $7.22 Million |
| 2024 | 7.09% | 6.09% | 0.15x | 8.01x | $-6.12 Million |
| 2025 | 6.21% | 5.71% | 0.15x | 7.47x | $-8.91 Million |
Industry Comparison
This section compares Citizens Inc's net assets metrics with peer companies in the Insurance - Life industry.
Industry Context
- Industry: Insurance - Life
- Average net assets among peers: $4,663,602,542
- Average return on equity (ROE) among peers: -0.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Citizens Inc (CIA) | $238.67 Million | 8.33% | 6.31x | $261.36 Million |
| Atlantic American Corporation (AAME) | $20.70 Million | -114.98% | 7.13x | $44.67 Million |
| Abacus Life Inc. (ABL) | $3.58 Million | 40.17% | 0.04x | $827.97 Million |
| Abacus Global Management, Inc. (ABX) | $1.30 Million | 50.90% | 0.12x | $87.26K |
| Aflac Incorporated (AFL) | $6.65 Billion | 11.96% | 6.67x | $57.57 Billion |
| Brighthouse Financial Inc (BHF) | $5.01 Billion | -22.20% | 46.19x | $3.58 Billion |
| CNO Financial Group Inc (CNO) | $4.85 Billion | 3.62% | 5.83x | $4.11 Billion |
| F&G Annuities & Life Inc. (FG) | $4.92 Billion | 5.39% | 19.02x | $3.70 Billion |
| Globe Life Inc (GL) | $3.78 Billion | 13.99% | 3.82x | $11.73 Billion |
| Genworth Financial Inc (GNW) | $16.75 Billion | 7.01% | 6.01x | $3.39 Billion |
About Citizens Inc
Citizens, Inc., is a diversified financial services company providing life, living benefits and final expense insurance and other financial products to individuals and small businesses in the U.S., Latin America, and Asia. The company operates in two segments, Life Insurance and Home Service Insurance. The Life Insurance segment sells U.S. dollar-denominated whole life insurance, endowment, and c… Read more