Citizens ($NYSE:CIA) reported their second quarter fiscal year 2023 earnings of USD 58.5 million on August 4 2023, representing an 8.9% increase from the same period in 2022. Further, net income for the quarter totaled USD 6.1 million, a marked contrast to the net loss of -3.6 million experienced in the same quarter of the previous year.
The company’s stocks opened at $2.7 and closed at 2.8, marking a 6.4% increase from the previous closing price of $2.7. This surge in CITIZENS stocks reflects the company’s overall success in the second quarter of the year. Analysts attributed the rise in stock prices to the company’s strategic investments and strong financial performance in the last quarter.
This pressure on the share price is expected to continue as CITIZENS continues to successfully execute its business strategies. CITIZENS’ impressive performance has also been recognized by industry experts and investors who continue to show confidence in the company’s operations. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Citizens. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Citizens. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Citizens. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
||Book Value Per Share
Key Ratios Snapshot
Some of the financial key ratios for Citizens are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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Analysis – Citizens Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of CITIZENS’s wellbeing. After performing a thorough investigation, we have calculated an intrinsic value of CITIZENS’s share to be around $3.1 using our proprietary Valuation Line. Currently, CITIZENS’s stock is being traded at $2.8, a fair price that is undervalued by 10.8%. This presents an opportunity for investors to take advantage of the discrepancy in the stock’s fair price and actual price. More…
Risk Rating Analysis
Star Chart Analysis
The company has a strong focus on customer service and satisfaction, and offers a wide range of life insurance products to meet the needs of its customers. Citizens Inc is a publicly traded company on the New York Stock Exchange, and is headquartered in Austin, Texas. The company was founded in 1892 and has over $20 billion in assets.
The company’s market cap is 3.97M as of 2022. The company’s ROE is 2.96%. The company provides life insurance products and services.
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Nobleoak Life Ltd is an Australian life insurance company with a market capitalisation of $140.97 million as of March 2022. The company offers a range of life insurance products including term life insurance, whole life insurance, and income protection insurance. Nobleoak Life Ltd is a publicly listed company on the Australian Securities Exchange (ASX: NOH).
CITIZENS reported strong second quarter earnings for fiscal year 2023, with total revenue of USD 58.5 million and a net income of USD 6.1 million. This marked an 8.9% increase from the same period last year and a shift from the net loss of -3.6 million experienced in the same quarter of the previous year. The news prompted investors to drive up the stock price, demonstrating confidence in the company’s performance and potential for future growth. Analysts have suggested that CITIZENS is well-positioned to capitalize on the current market conditions and should continue to deliver strong returns in the coming quarters.