Citizens, Inc. (CIA) Balance Sheet
CIA balance sheet, 2025
December 31, 2025 · U.S. dollars$1.75B assets = $1.52B liabilities + $235.0M equity
Both columns are drawn to the same scale: what CIA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CIA financial health
Descriptive bands, not a rating. Fiscal 2025.
CIA balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.58B2016 | $1.75B2025 | +1.1%/yr | |
| Total liabilities | $1.33B2016 | $1.52B2025 | +1.5%/yr | |
| Shareholders’ equity | $249.1M2016 | $235.0M2025 | −0.6%/yr | |
| Cash & short-term investments | $917.7M2016 | $49.7M2025 | −27.7%/yr | |
| Total debt | $02016 | $7.9M2025 | — | |
| Net cash (debt) | $917.7M2016 | $41.9M2025 | −$875.8M | |
| Working capital | $8.8M2016 | $44.4M2025 | +$35.6M | |
| Book value per share | $4.972016 | $4.612025 | −0.8%/yr | |
| Debt / equity | 0.002016 | 0.032025 | +0.03 | |
| Shares outstanding | 50.1M2016 | 51.0M2025 | +0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CIA assets
CIA liabilities and equity
CIA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CIA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $49.7M | $29.3M | $27.0M | $1.20B | $1.50B | $1.52B | $1.43B | $1.28B | $1.02B | $917.7M |
| Cash & equivalents | $21.4M | $29.3M | $27.0M | $23.0M | $27.3M | $34.1M | $46.2M | $45.5M | $46.1M | $35.5M |
| Short-term investments | $28.3M | $1.22B | $1.24B | $1.18B | $1.47B | $1.49B | $1.38B | $1.24B | $974.6M | $882.2M |
| Receivables | $41.1M | $18.7M | $4.3M | $17.0M | $17.0M | $17.1M | $16.4M | $17.0M | $5.5M | $2.7M |
| Inventory | $0 | $0 | −$29.4M | −$76.0M | −$95.8M | −$77.3M | −$201.0M | −$150.3M | −$1.15B | −$1.03B |
| Other current assets | $1.6M | $0 | $27.5M | $76.0M | $95.8M | $77.3M | $201.0M | $150.3M | $153.2M | $130.8M |
| Total current assets | $92.4M | $29.3M | $29.4M | $1.22B | $1.51B | $1.54B | $1.44B | $1.30B | $30.5M | $18.4M |
| Property, plant & equipment (net) | $9.8M | $10.6M | $11.8M | $12.9M | $14.1M | $16.3M | $5.9M | $5.9M | $6.6M | $7.9M |
| Goodwill & intangible assets | $229.5M | $209.1M | $1.29B | $150.4M | $941,000 | $130.0M | $176.3M | $28.8M | $31.1M | $37.6M |
| Long-term investments | $1.37B | $93.3M | $1.24B | $1.36B | $1.64B | $1.64B | $1.50B | $1.36B | $1.33B | $1.24B |
| Other non-current assets | $48.4M | $1.34B | $0 | $0 | $0 | $0 | $0 | $0 | $251.1M | $279.7M |
| Total assets | $1.75B | $1.69B | $1.67B | $1.59B | $1.85B | $1.84B | $1.74B | $1.62B | $1.64B | $1.58B |
| Liabilities | ||||||||||
| Accounts payable | $8.8M | $8.8M | $6.6M | $9.9M | $14.6M | $13.2M | $8.1M | $7.6M | $8.6M | $9.5M |
| Short-term debt | $1.6M | $1.4M | $1.5M | $1.4M | $1.3M | $1.4M | $946,000 | $0 | $0 | $0 |
| Deferred revenue | $29.1M | — | — | $8.5M | $13.3M | $11.8M | $7.1M | — | — | — |
| Total current liabilities | $48.0M | $8.8M | $10.1M | $9.9M | $14.6M | $13.2M | $8.1M | $7.6M | $8.6M | $9.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.47B | $1.47B | $1.49B | $9.9M | $15.5M | $9.6M | $12.4M | $5.7M | $1.35B | $1.29B |
| Total liabilities | $1.52B | $1.47B | $1.50B | $1.46B | $1.53B | $1.54B | $1.49B | $1.43B | $1.42B | $1.33B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $275.5M | $273.0M | $271.9M | $271.3M | $268.7M | $266.1M | $264.7M | $263.0M | $262.6M | $262.6M |
| Retained earnings (deficit) | $71.7M | $57.1M | $42.1M | $16.3M | −$45.6M | −$82.4M | −$71.0M | −$69.6M | −$54.4M | −$16.2M |
| Treasury stock | — | — | — | −$22.8M | −$20.1M | −$11.0M | −$11.0M | −$11.0M | −$11.0M | −$11.0M |
| Accumulated other comprehensive income | −$88.4M | −$96.0M | −$118.2M | −$137.0M | $117.5M | $128.3M | $77.1M | $5.4M | $26.3M | $13.8M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $235.0M | $210.4M | $172.1M | $127.8M | $320.6M | $300.9M | $259.8M | $187.7M | $223.5M | $249.1M |
| Key figures | ||||||||||
| Total debt | $7.9M | $7.8M | $9.1M | $10.1M | $10.8M | $12.0M | $1.1M | $0 | $0 | $0 |
| Net cash (debt) | $41.9M | $21.5M | $17.9M | $1.19B | $1.49B | $1.51B | $1.42B | $1.28B | $1.02B | $917.7M |
| Working capital | $44.4M | $20.4M | $19.3M | $1.21B | $1.50B | $1.53B | $1.43B | $1.29B | $21.9M | $8.8M |
| Tangible book value | $5.5M | $1.3M | −$1.12B | −$22.6M | $319.6M | $170.9M | $83.6M | $158.9M | $192.4M | $211.5M |
| Book value per share | $4.61 | $4.15 | $3.40 | $2.51 | $6.35 | $6.09 | $5.23 | $3.74 | $4.46 | $4.97 |
| Shares outstanding | 51.0M | 50.7M | 50.7M | 50.9M | 50.5M | 49.4M | 49.7M | 50.1M | 50.1M | 50.1M |
| Current ratio | 1.93 | 3.32 | 2.92 | 123.52 | 103.84 | 116.66 | 178.91 | 170.92 | 3.54 | 1.93 |
| Quick ratio | 1.89 | 5.43 | 3.11 | 123.52 | 103.84 | 116.66 | 178.91 | 170.92 | 119.18 | 96.49 |
| Debt / equity | 0.03 | 0.04 | 0.05 | 0.08 | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 13.4% | 12.5% | 10.3% | 8.0% | 17.3% | 16.3% | 14.9% | 11.6% | 13.6% | 15.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $31.9M | $37.4M | $49.7M | $53.5M | $42.2M | $47.9M | $20.6M | $45.8M | $40.0M | $38.4M | $1.27B | $31.3M |
| Cash & equivalents | $15.4M | $17.0M | $21.4M | $21.6M | $21.1M | $18.4M | $29.3M | $32.4M | $26.3M | $23.2M | $27.0M | $16.8M |
| Short-term investments | $16.5M | $20.4M | $28.3M | $31.9M | $21.1M | $29.5M | $16.3M | $13.4M | $13.6M | $15.2M | $11.0M | $14.5M |
| Receivables | $45.7M | $43.1M | $41.1M | $33.8M | $38.8M | $34.6M | $18.7M | $17.9M | $17.2M | $14.3M | $16.8M | $13.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$57.1M | −$52.7M | −$1.28B | −$58.1M |
| Other current assets | — | $1.6M | $1.6M | — | $1.6M | $0 | $0 | $0 | $69.5M | $65.8M | $66.6M | $58.1M |
| Total current assets | — | $82.1M | $92.4M | — | $82.6M | $82.5M | $24.9M | $63.6M | $69.5M | $65.8M | $66.6M | $44.7M |
| Property, plant & equipment (net) | $9.2M | $9.7M | $9.8M | $9.6M | $9.8M | $10.2M | $10.6M | $11.0M | $11.1M | $11.4M | $11.8M | $12.0M |
| Goodwill & intangible assets | $237.9M | $233.3M | $229.5M | $223.3M | $218.2M | $213.2M | $209.1M | $201.8M | $196.1M | $124.2M | $1.29B | $181.6M |
| Long-term investments | $1.37B | $1.36B | $1.37B | $1.36B | $1.34B | $1.35B | $93.3M | $1.28B | $1.22B | $1.24B | $1.24B | $1.16B |
| Other non-current assets | $138.5M | $55.4M | $48.4M | $152.4M | $57.8M | $50.1M | $1.35B | $180.2M | $167.1M | $224.9M | $0 | $164.4M |
| Total assets | $1.75B | $1.74B | $1.75B | $1.74B | $1.71B | $1.70B | $1.69B | $1.74B | $1.66B | $1.67B | $1.66B | $1.56B |
| Liabilities | ||||||||||||
| Accounts payable | $10.1M | $8.5M | $8.8M | $8.8M | $8.4M | $9.9M | $8.8M | $9.2M | $7.7M | $8.0M | $6.6M | $5.9M |
| Short-term debt | — | — | $1.6M | $0 | $0 | $0 | $1.4M | $0 | — | — | $1.5M | $0 |
| Deferred revenue | — | $29.7M | $29.1M | $30.6M | $31.1M | $32.0M | — | — | — | — | — | — |
| Total current liabilities | $49.1M | $48.9M | $48.0M | $49.5M | $48.5M | $49.9M | $8.8M | $13.1M | $6.4M | $8.0M | $7.6M | $652,000 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.47B | $1.45B | $1.47B | $1.47B | $1.43B | $1.43B | $1.47B | $1.52B | $1.46B | $1.46B | $1.49B | $1.37B |
| Total liabilities | $1.52B | $1.50B | $1.52B | $1.52B | $1.48B | $1.48B | $1.47B | $1.53B | $1.47B | $1.47B | $1.49B | $1.41B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $276.5M | $276.0M | $275.5M | $274.4M | $274.5M | $273.5M | $273.0M | $272.5M | $272.5M | $272.0M | $271.9M | $271.6M |
| Retained earnings (deficit) | $73.5M | $73.9M | $71.7M | $64.3M | $61.9M | $55.4M | $57.1M | $53.4M | $50.7M | $46.7M | $42.1M | $31.3M |
| Accumulated other comprehensive income | −$91.1M | −$87.5M | −$88.4M | −$89.4M | −$83.7M | −$87.1M | −$96.0M | −$94.7M | −$107.9M | −$99.8M | −$118.2M | −$126.7M |
| Total shareholders' equity | $235.2M | $238.7M | $235.0M | $225.6M | $229.0M | $218.1M | $210.4M | $207.6M | $191.5M | $195.2M | $172.1M | $152.7M |
| Key figures | ||||||||||||
| Total debt | — | — | $7.9M | $0 | $0 | $0 | $1.4M | $0 | — | — | $9.1M | $0 |
| Net cash (debt) | — | — | $41.9M | $53.5M | $42.2M | $47.9M | $19.2M | $45.8M | — | — | $1.26B | $31.3M |
| Working capital | — | $33.1M | $44.4M | — | $34.1M | $32.6M | $16.1M | $50.6M | $63.1M | $57.7M | $59.0M | $44.1M |
| Tangible book value | −$2.7M | $5.4M | $5.5M | $2.3M | $10.8M | $5.0M | $1.3M | $5.7M | −$4.6M | $71.0M | −$1.12B | −$28.9M |
| Book value per share | $4.61 | $4.68 | $4.61 | $4.42 | $4.49 | $4.28 | $4.21 | $4.10 | $3.77 | $3.86 | $3.47 | $3.02 |
| Shares outstanding | 51.0M | 51.0M | 51.0M | 51.0M | 51.0M | 50.9M | 49.9M | 50.7M | 50.8M | 50.6M | 49.6M | 50.5M |
| Current ratio | — | 1.68 | 1.93 | — | 1.70 | 1.65 | 2.82 | 4.87 | 10.83 | 8.18 | 8.78 | 68.62 |
| Quick ratio | 1.58 | 1.65 | 1.89 | 1.76 | 1.67 | 1.65 | 4.45 | 4.87 | 8.90 | 6.55 | 169.01 | 68.62 |
| Debt / equity | — | — | 0.03 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | — | — | 0.05 | 0.00 |
| Equity / assets | 13.4% | 13.7% | 13.4% | 12.9% | 13.4% | 12.8% | 12.5% | 12.0% | 11.5% | 11.7% | 10.3% | 9.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 12, 2026); data from EODHD.
CIA financial position
At the end of fiscal 2025 (December 31, 2025), Citizens had total assets of $1.8 billion (up 4.1% from a year earlier), total liabilities of $1.5 billion and shareholders' equity of $235.0 million. It held $49.7 million in cash and short-term investments against $7.9 million of debt, a net cash position of $41.9 million. Its current ratio was 1.93. In the latest quarter (ended June 30, 2026) total assets were $1.8 billion and equity $235.2 million.
Related: CIA income statement, CIA cash flow statement, CIA key metrics. See the CIA stock overview for the latest quote and news.
CIA balance sheet FAQ
What are Citizens's total assets?
Citizens reported total assets of $1.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.7 billion a year earlier.
How much debt does Citizens have?
Citizens had $7.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.03.
How much cash does Citizens have?
Citizens held $49.7 million in cash and short-term investments at the end of fiscal 2025; with $7.9 million of debt that is net cash of $41.9 million.
What is Citizens's book value?
Citizens's shareholders' equity (book value) was $235.0 million at the end of fiscal 2025, or $4.61 per share.
What is Citizens's current ratio?
Citizens had current assets of $92.4 million and current liabilities of $48.0 million, a current ratio of 1.93 (it can cover its short-term obligations).
How much goodwill does Citizens have?
Citizens carried $229.5 million of goodwill and intangible assets, 13.1% of total assets, at the end of fiscal 2025.