Citizens
Market Cap
US$354.1m
Last Updated
2019/10/14 01:35 UTC
Data Sources
Company Financials
Executive Summary
Citizens, Inc., through its subsidiaries, provides life insurance products in the United States and internationally.
Snowflake
Fundamentals
Worrying balance sheet with weak fundamentals.
Similar Companies
Share Price & News
How has Citizens's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.1%
CIA
-0.03%
US Insurance
1.0%
US Market
1 Year Return
-7.5%
CIA
15.1%
US Insurance
6.7%
US Market
Return vs Industry: CIA underperformed the US Insurance industry which returned 15.1% over the past year.
Return vs Market: CIA underperformed the US Market which returned 6.7% over the past year.
Share holder returns
| CIA | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | -0.03% | 1.0% |
| 30 Day | -4.5% | -1.6% | -1.8% |
| 90 Day | -3.8% | -3.5% | -1.8% |
| 1 Year | -7.5%-7.5% | 17.9%15.1% | 9.1%6.7% |
| 3 Year | -21.5%-21.5% | 42.0%31.1% | 46.0%36.6% |
| 5 Year | 2.9%2.9% | 74.5%53.7% | 66.9%48.6% |
Price Volatility Vs. Market
How volatile is Citizens's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Is Citizens, Inc. (NYSE:CIA) A Volatile Stock?1 month ago | Simply Wall St
What Kind Of Shareholders Own Citizens, Inc. (NYSE:CIA)?1 month ago | Simply Wall St
Some Citizens (NYSE:CIA) Shareholders Are Down 31%Valuation
Is Citizens undervalued based on future cash flows and its price relative to the stock market?
1.5x
Price to Book (PB) ratio
Intrinsic Value Based on Future Cash Flows
Undervalued: Insufficient data to calculate CIA's fair value to establish if it is undervalued.
Significantly Undervalued: Insufficient data to calculate CIA's fair value to establish if it is undervalued.
Price Based on Earnings
PE vs Industry: CIA is unprofitable, so we can't compare its PE Ratio to the Insurance industry average.
PE vs Market: CIA is unprofitable, so we can't compare its PE Ratio to the US market.
Price Based on Expected Growth
Low PEG Ratio: Insufficient data to calculate CIA's PEG Ratio to determine if it is good value.
Price Based on Value of Assets
PB vs Industry: CIA is overvalued based on its PB Ratio (1.5x) compared to the US Insurance industry average (1.2x).
Next Steps
Future Growth
How is Citizens expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.5%
Forecasted Insurance industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Citizens has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Take a look at our analysis of CIA’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
- Citizens competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Insurance industry.
Past Performance
How has Citizens performed over the past 5 years?
-44.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CIA is unprofitable, and losses have increased over the past 5 years at a rate of -44.4% per year.
Accelerating Growth: Unable to compare CIA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CIA is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (3.1%).
Return on Equity
High ROE: CIA has a negative Return on Equity (-7.15%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: CIA is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: CIA is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Citizens's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CIA has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CIA's debt is covered by short term assets.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CIA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CIA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -6.9% per year.
Financial Institutions Analysis
Asset Level: CIA's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CIA has a sufficient allowance for bad loans.
Low Risk Liabilities: CIA reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CIA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CIA has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CIA has an appropriate level of bad loans.
Next Steps
Dividend
What is Citizens's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Dividend Yield and Payments Analysis
Notable Dividend: Unable to evaluate CIA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CIA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stable Dividend: Insufficient data to determine if CIA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CIA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CIA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Citizens's salary, the management and board of directors tenure and is there insider trading?
1.8yrs
Average management tenure
CEO
Geoff Kolander (43yo)
2.9yrs
Tenure
US$1,990,599
Compensation
Mr. Geoffrey M. Kolander, also known as Geoff has been the Chief Legal Officer & Corporate Strategy and Senior Vice President at Citizens Inc., since June 2, 2015. Mr. Kolander has been Chief Executive Off ...
CEO Compensation Analysis
Compensation vs. Market: Geoff's total compensation ($USD1.99M) is about average for companies of similar size in the US market ($USD1.85M).
Compensation vs Earnings: Geoff's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
1.8yrs
Average Tenure
53yo
Average Age
Experienced Management: CIA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Age and Tenure
2.7yrs
Average Tenure
70yo
Average Age
Experienced Board: CIA's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chairman of the Board Non-Executive Chairman |
| Shares | 250.92 |
| Max Price | US$7.94 |
Ownership Breakdown
Management Team
Kay Osbourn (52yo)
Head of Financial Reporting
- Tenure: 0yrs
- Compensation: US$1.01m
Larry Carson (65yo)
Vice President of Financial Reporting & Tax
- Tenure: 14.3yrs
- Compensation: US$125.20k
Geoff Kolander (43yo)
President & CEO
- Tenure: 2.9yrs
- Compensation: US$1.99m
Jim Eliasberg (61yo)
VP, Chief Legal Officer & Corporate Secretary
- Tenure: 1.7yrs
- Compensation: US$357.79k
Darin Moore (54yo)
Chief Information Officer
- Tenure: 2yrs
W. Buchholtz (47yo)
Vice President of Human Resources
- Tenure: 2.8yrs
Sidney Harp (69yo)
Executive VP & Director of Agency
- Tenure: 0yrs
- Compensation: US$310.33k
Jeff Conklin (49yo)
VP, CFO
- Tenure: 0.6yrs
- Compensation: US$343.83k
Robert Mauldin (58yo)
VP & Chief Marketing Officer
- Tenure: 1.3yrs
- Compensation: US$465.81k
Amanda Crews (41yo)
Vice President of Operations
- Tenure: 1.2yrs
Board Members
Connie Weaver (67yo)
Director
- Tenure: 1.3yrs
- Compensation: US$64.50k
Dean Gage (76yo)
Vice Chairman of the Board
- Tenure: 0yrs
- Compensation: US$135.50k
Frank Keating (75yo)
Director
- Tenure: 2.7yrs
- Compensation: US$115.50k
Robert Sloan (70yo)
Non-Executive Chairman
- Tenure: 3.3yrs
- Compensation: US$125.50k
Grant Teaff (85yo)
Director
- Tenure: 15.8yrs
- Compensation: US$125.50k
Gerald Shields (61yo)
Director
- Tenure: 2.7yrs
- Compensation: US$115.50k
Chris Claus (59yo)
Director
- Tenure: 2.3yrs
- Compensation: US$124.36k
Terry Maness (71yo)
Director
- Tenure: 8.7yrs
- Compensation: US$125.50k
Chip Davis (68yo)
Director
- Tenure: 2.3yrs
- Compensation: US$115.77k
Company Information
Citizens, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Citizens, Inc.
- Ticker: CIA
- Exchange: NYSE
- Founded: 1969
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: US$354.128m
- Shares outstanding: 50.23m
- Website: https://www.citizensinc.com
Location
- Citizens, Inc.
- 2900 Esperanza Crossing
- 2nd Floor
- Austin
- Texas
- 78758
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CIA | NYSE (New York Stock Exchange) | Yes | Class A Common Stock | US | USD | Jan 1975 |
Biography
Citizens, Inc., through its subsidiaries, provides life insurance products in the United States and internationally. It operates in two segments, Life Insurance and Home Service Insurance. The Life Insuran ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/14 01:35 |
| End of Day Share Price | 2019/10/11 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.