CITIZENS INC
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 14, 2024
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Item 15. Exhibits, Financial Statement Schedules
(a)Documents filed as part of this Report
(1) and (2) Financial Statements and Schedules
The financial statements and schedules listed on the following index to financial statements and financial statement schedules are filed under Item 8 as part of this Form 10-K.
| Index to Consolidated Financial Statements and Financial Statement Schedules | PageReference |
|---|---|
| Report of Independent Registered Public Accounting Firm (PCAOB ID: 248) | 60 |
| Financial Statements at December 31, 2023 and 2022 and for the Years Ended December 31, 2023, 2022 and 2021: | |
| Consolidated Balance Sheets | 62 |
| Consolidated Statements of Operations and Comprehensive Income (Loss) | 64 |
| Consolidated Statements of Stockholders' Equity | 65 |
| Consolidated Statements of Cash Flows | 66 |
| Notes to Consolidated Financial Statements | |
| Note 1: Summary of Significant Accounting | 68 |
| Note 2: Investments | 78 |
| Note 3: Fair Value Measurements | 83 |
| Note 4: Deferred Policy Acquisition Costs & Cost of Insurance Acquired | 87 |
| Note 5: Policyholders' Liabilities | 90 |
| Note 6: Policy Claim Liability and Short Duration Contracts | 97 |
| Note 7: Reinsurance | 99 |
| Note 8: Commitments and Contingencies | 100 |
| Note 9: Stockholders' Equity and Restrictions | 101 |
| Note 10: Segment and Other Operating Information | 104 |
| Note 11: Income Taxes | 108 |
| Note 12: Other Comprehensive Income (Loss) | 112 |
| Note 13: Stock Compensation | 112 |
| Note 14: Benefit Plans | 113 |
| Note 15: Related Party Transactions | 114 |
| Note 16: Quarterly Financial Information (Unaudited) | 114 |
| Note 17: Subsequent Events | 114 |
| Financial Statement Schedules at December 31, 2023 and 2022 and for the Years Ended December 31, 2023, 2022 and 2021: | |
| Schedule II – Condensed Financial Information of Registrant | 115 |
| Schedule III – Consolidated Supplementary Insurance Information | 118 |
| Schedule IV – Consolidated Statement of Reinsurance | 119 |
All other schedules have been omitted because the required information is inapplicable or the information required is presented in the consolidated financial statements or the notes thereto filed elsewhere herein.
(3) Exhibits
See the Index of Exhibits.
December 31, 2023 | 10-K 59
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