CITIZENS, INC. CIA Balance Sheet

Citizens, inc. (CIA)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Investments:
Fixed maturities available-for-sale, at fair value (cost: $1,314,907 and $1,293,853 in 2020 and 2019 respectively)
1,356	1,377	1,369	1,341	1,295	1,231	1,200	976	981	974	955	933	907	881	875	835	803	735	735	730	731	707	681	663	644	605	599	649	647	604	594	551	497	514	564	583	575
Debt Securities, Held-to-maturity
-	-	-	-	-	-	0	214	230	233	236	241	244	247	251	256	255	259	247	236	233	224	230	228	223	227	223	159	167	187	203	189	239	227	131	109	80
Equity security
19	16	15	15	15	15	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity security
-	-	-	-	-	-	-	15	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale Securities, Equity Securities
-	-	-	-	-	-	-	-	-	16	16	16	16	18	23	23	23	23	66	69	70	69	55	56	49	47	53	52	54	53	44	46	46	46	45	24	23
Mortgage Loans on Real Estate, Commercial and Consumer, Net
-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1
Policy loans
81	82	81	81	81	80	79	77	75	73	71	69	67	66	64	63	62	60	58	56	55	54	52	52	50	48	47	45	44	42	42	41	40	39	38	36	35
Real Estate Investment Property, Net
-	-	0	0	5	5	5	5	7	7	5	5	5	5	7	7	7	7	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8	9	9	9
Real estate held-for-sale (less $1,325 accumulated depreciation in 2020 and 2019, respectively)
2	2	2	2	0	1	1	1	-	0	0	0	0	1	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term investments (portion measured at fair value $2,809 in 2020; less allowance for losses of $11 in 2020)
3	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Short-term investments
0	1	2	2	7	7	-	-	-	0	0	0	0	0	0	0	0	0	0	-	-	0	-	-	-	-	0	0	2	2	2	4	2	2	2	-	0
Total investments
1,463	1,480	1,472	1,443	1,406	1,342	1,302	1,291	1,310	1,306	1,285	1,266	1,242	1,222	1,223	1,186	1,153	1,088	1,118	1,101	1,099	1,064	1,029	1,009	977	938	932	916	927	900	897	842	836	839	792	765	725
Cash and cash equivalents
34	46	47	34	34	45	68	63	41	46	45	33	41	35	32	52	45	82	42	37	41	50	56	57	52	54	41	41	42	56	39	68	61	33	64	58	49
Accrued investment income
17	17	17	18	18	18	18	19	18	19	18	18	17	17	16	16	16	15	15	14	14	13	13	12	12	12	11	11	10	10	10	8	8	7	8	8	7
Receivables from Brokers-Dealers and Clearing Organizations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	1	-	-	-	-	-	-	7	-	-	-	-	-
Reinsurance recoverable
3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	3	4	4	4	4	4	4	4	4	4	4	6	6	9	-	-	-	9	-	-	-
Reinsurance recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	9	9	-	9	9	9
Deferred policy acquisition costs
148	149	150	152	154	155	158	164	165	167	166	166	167	167	166	165	164	163	163	161	158	157	153	150	148	146	143	140	137	135	132	128	126	124	134	131	125
Goodwill and Other Intangible Assets
13	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of insurance acquired
13	13	13	14	14	15	16	16	16	17	18	18	18	19	19	20	20	21	22	22	22	23	24	24	25	23	23	24	24	25	25	26	27	27	29	30	31
Goodwill and other intangible assets
13	13	-	-	-	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
-	-	12	12	12	-	12	12	12	12	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17
Other intangible assets
-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1
Deferred tax assets, net
-	-	-	-	-	-	0	59	56	50	74	75	79	76	65	60	58	67	71	69	65	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	1
Property and equipment, net
5	5	6	7	7	5	6	6	6	6	8	8	8	7	6	6	6	6	6	6	6	6	6	6	6	6	6	7	7	7	7	7	7	7	7	7	7
Due premiums
11	12	10	10	11	13	12	11	10	12	10	11	11	12	10	11	10	11	11	11	10	10	10	10	10	11	9	10	10	10	9	8	8	9	7	7	8
Prepaid expenses
-	-	0	1	0	-	1	1	0	0	0	1	1	0	0	1	1	0	0	1	0	0	1	1	1	0	0	1	1	0	1	1	1	0	1	1	0
Other assets (less allowance for losses of $500 in 2020)
2	2	1	2	1	1	1	0	0	0	1	1	1	0	1	1	1	1	1	1	1	1	1	1	0	0	1	0	1	0	0	0	0	0	0	0	0
Total assets
1,713	1,744	1,738	1,702	1,665	1,615	1,601	1,652	1,645	1,644	1,651	1,624	1,610	1,583	1,566	1,547	1,500	1,480	1,475	1,450	1,444	1,417	1,318	1,298	1,260	1,216	1,194	1,178	1,187	1,174	1,151	1,129	1,106	1,079	1,074	1,040	986
Fixed maturities available-for-sale, cost
1,314	1,293	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate held for sale, accumulated depreciation
1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for Loan and Lease Losses, Real Estate
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due premiums, allowance for doubtful accounts
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities and Stockholders' Equity
Liabilities:
Policy liabilities:
Future policy benefits reserves:
Life insurance
1,227	1,218	1,206	1,200	1,191	1,179	1,165	1,164	1,148	1,133	1,110	1,090	1,073	1,060	1,045	1,026	1,011	987	974	956	936	920	894	876	856	834	812	795	778	762	743	727	711	697	679	661	637
Annuities
78	76	76	76	76	76	75	75	74	73	72	72	71	69	68	67	65	64	63	62	60	59	58	56	55	55	54	53	52	51	50	-	48	47	45	44	42
Accident and health
0	1	0	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2	5	5	5	5	5	5	5	5
Dividend accumulations
30	29	28	27	26	26	25	25	24	23	23	22	21	20	20	19	18	18	17	17	16	15	15	14	14	13	13	12	12	11	11	11	10	10	10	10	9
Premiums paid in advance
43	43	42	43	43	48	50	53	52	51	52	52	51	48	45	45	44	43	42	42	42	39	37	34	34	32	30	29	29	27	27	27	26	25	25	25	23
Policy claims payable
8	8	8	7	8	7	7	8	9	8	8	7	9	9	9	9	8	9	10	10	10	9	8	10	10	9	8	8	10	11	9	9	9	10	9	9	10
Other policyholders' funds
19	18	16	15	15	10	10	10	8	8	8	8	8	7	7	7	7	7	7	7	7	7	6	7	7	7	8	8	8	9	9	9	8	8	8	8	8
Total policy liabilities
1,407	1,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total policy liabilities
-	-	1,378	1,372	1,363	1,350	1,335	1,337	1,318	1,300	1,276	1,254	1,236	1,216	1,196	1,176	1,158	1,132	1,117	1,097	1,075	1,053	1,023	1,001	979	954	928	911	894	879	857	838	819	804	-	-	737
Total policy liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	784	764	-
Commissions payable
2	2	2	2	1	1	1	1	1	2	2	2	2	3	2	2	2	2	2	2	2	3	2	2	2	2	2	2	2	2	1	2	2	2	2	2	2
Deferred federal income tax liability, net
-	-	12	9	7	5	10	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-	-	-	13	-	-	-
Current federal income tax payable
46	44	47	48	46	41	47	97	97	93	83	84	87	81	78	73	65	71	77	75	76	78	0	0	2	0	0	-	1	0	1	-	0	-	-	-	-
Deferred federal income tax payable
9	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred federal income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	6	1	4	6	16	-	17	15	14	-	18	13	9
Payable for securities in process of settlement
3	0	6	4	4	-	-	-	-	-	3	0	4	3	1	7	0	2	3	0	5	0	3	6	2	0	1	0	0	2	1	8	7	0	6	10	-
Warrants outstanding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	1
Other liabilities
28	30	29	27	28	28	25	18	17	24	20	24	25	29	24	26	24	24	23	24	21	23	11	12	10	10	9	9	9	10	8	8	9	9	8	9	8
Total liabilities
1,497	1,485	1,477	1,465	1,453	1,427	1,421	1,455	1,436	1,420	1,387	1,366	1,355	1,334	1,303	1,285	1,251	1,233	1,225	1,200	1,182	1,159	1,051	1,033	1,004	970	946	929	923	911	887	874	854	831	820	800	758
Commitments and contingencies (Note 7)
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0	0	0	-	0	-	0	-	0	0	-
Stockholders' equity:
Accumulated deficit
-74	-70	-75	-77	-73	-69	-75	-61	-58	-54	-10	-13	-14	-16	-20	-23	-24	-18	-20	-20	-18	-19	-7	-10	-11	-12	-13	-15	-16	-17	-17	-19	-20	-21	15	-17	-22
Accumulated other comprehensive income:
Net unrealized gains on securities, net of tax
37	77	83	61	32	5	4	6	16	26	22	20	17	13	31	32	22	13	18	18	29	25	23	23	15	6	9	12	28	28	29	24	20	19	19	9	1
Treasury stock, at cost
11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11
Stockholders' equity
215	259	261	236	211	187	180	197	209	223	264	258	254	249	262	261	249	246	249	249	262	258	266	265	256	245	247	248	264	263	264	255	251	248	254	240	227
Total liabilities and stockholders' equity
1,713	1,744	1,738	1,702	1,665	1,615	1,601	1,652	1,645	1,644	1,651	1,624	1,610	1,583	1,566	1,547	1,500	1,480	1,475	1,450	1,444	1,417	1,318	1,298	1,260	1,216	1,194	1,178	1,187	1,174	1,151	1,129	1,106	1,079	1,074	1,040	986
Common Stock Class A [Member]
Common stock
261	261	261	261	260	259	-	-	-	259	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in dollars per share)
0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares authorized (in shares)
100	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares issued (in shares)
52	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares outstanding (in shares)
52	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares in treasury (in shares)
3	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common Stock Class B [Member]
Common stock
3	3	3	3	3	3	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value (in dollars per share)
0.00	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares authorized (in shares)
2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares issued (in shares)
1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, shares outstanding (in shares)
1	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-