CITIZENS, INC.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
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(12) Other Comprehensive Income (Loss)
| CITIZENS, INC. | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | |
|---|---|---|
| (Unaudited) | ||
(12)OTHER COMPREHENSIVE INCOME (LOSS)
The changes in the components of other comprehensive income (loss) are reported net of the effects of income taxes of 21% for domestic entities and 4% for Puerto Rican entities for the three and nine months ended September 30, 2026 and 2025. The following table provides a rollforward of accumulated other comprehensive income (loss) for the periods indicated below.
| (In thousands) | Unrealized Gains and Losses on Available for Sale Securities | Discount Rate for Liability for Future Policy Benefits | Other Comprehensive Income (Loss) |
|---|---|---|---|
| Balance at December 31, 2025, net of tax | $(136,344) | 47,923 | (88,421) |
| Other comprehensive income (loss) before reclassification, before tax | (16,295) | 17,135 | 840 |
| Amounts reclassified from other comprehensive income (loss), before tax | 412 | — | 412 |
| Income tax benefit (expense) | 1,191 | (1,505) | (314) |
| Balance at March 31, 2026, net of tax | (151,036) | 63,553 | (87,483) |
| Other comprehensive income (loss) before reclassification, before tax | 3,867 | (8,393) | (4,526) |
| Amounts reclassified from other comprehensive income (loss), before tax | (34) | — | (34) |
| Income tax benefit (expense) | (225) | 1,173 | 948 |
| Balance at June 30, 2026, net of tax | (147,428) | 56,333 | (91,095) |
| Other comprehensive income (loss) before reclassification, before tax | (77,503) | 63,847 | (13,656) |
| Amounts reclassified from other comprehensive income (loss), before tax | 28 | — | 28 |
| Income tax benefit (expense) | 6,214 | (6,260) | (46) |
| Balance at September 30, 2026, net of tax | $(218,689) | 113,920 | (104,769) |
September 30, 2026 | 10-Q 37
| CITIZENS, INC. | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | |
|---|---|---|
| (Unaudited) | ||
| (In thousands) | Unrealized Gains and Losses on Available for Sale Securities | Discount Rate for Liability for Future Policy Benefits | Other Comprehensive Income (Loss) |
|---|---|---|---|
| Balance at December 31, 2024, net of tax | $(169,599) | 73,634 | (95,965) |
| Other comprehensive income (loss) before reclassification, before tax | 18,334 | (8,589) | 9,745 |
| Amounts reclassified from other comprehensive income (loss), before tax | 83 | — | 83 |
| Income tax benefit (expense) | (1,379) | 442 | (937) |
| Balance at March 31, 2025, net of tax | (152,561) | 65,487 | (87,074) |
| Other comprehensive income (loss) before reclassification, before tax | 243 | 4,003 | 4,246 |
| Amounts reclassified from other comprehensive income (loss), before tax | 168 | — | 168 |
| Income tax benefit (expense) | (213) | (782) | (995) |
| Balance at June 30, 2025, net of tax | (152,363) | 68,708 | (83,655) |
| Other comprehensive income (loss) before reclassification, before tax | 22,623 | (29,058) | (6,435) |
| Amounts reclassified from other comprehensive income (loss), before tax | (691) | — | (691) |
| Income tax benefit (expense) | (1,357) | 2,722 | 1,365 |
| Balance at September 30, 2025, net of tax | $(131,788) | 42,372 | (89,416) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.