Citizens, Inc. is an insurance holding company incorporated in Colorado serving the life insurance needs of individuals in the United States since 1969 and internationally since 1975. Citizens, Inc. is a publicly traded company that has been listed on the New York Stock Exchange (NYSE: CIA) since 2002. Through our insurance subsidiaries, we pursue a strategy of offering traditional insurance products in niche markets where we believe we are able to achieve competitive advantages. Our core insurance operations include:
CICA and Citizens National issued ordinary whole-life policies, credit life and disability, and accident and health related policies, throughout the Midwest and southern U.S. until they ceased most domestic sales beginning January 1, 2017. CICA Ltd., our Bermuda domiciled subsidiary, primarily issues endowment and ordinary whole-life policies to non-U.S. residents.
Security Plan Life offers final expense and home service life insurance in Louisiana, Arkansas and Mississippi. Security Plan Fire, a wholly-owned subsidiary of SPLIC, writes a limited amount of property insurance in Louisiana and Arkansas. Magnolia Guaranty Life provides industrial life policies through independent funeral homes in Mississippi.
We are implementing our enduring value customer-centric growth strategy, in cooperation with our Board of Directors. In doing so, we are focused on our core strengths, as we strategically realign our Life and Home Service Insurance segments. We anticipate significant transformation with an emphasis on people, processes and technology. In our current operational environment, change is seen as a positive and is now taking root in our culture, creating the best atmosphere for value creation and value capture for all our stakeholders.
CICA Life has earned a Financial Stability Rating® of A, Exceptional, from Demotech, Inc. The most current Financial Stability Rating® must be verified by visiting www.demotech.com.
Financial Stability Ratings® (FSRs) are a leading indicator of an insurer’s financial stability. FSRs are based upon a series of quantitative ratios and considerations which together comprise Demotech’s Financial Stability Analysis Model. FSRs are accepted by several government-sponsored enterprises, including Fannie Mae, Freddie Mac and various programs of the United States Department of Housing and Urban Development (HUD), mortgage lenders, as well as a number of umbrella and agents errors and omissions insurance markets. The most current Financial Stability Rating® must be verified by visiting www.demotech.com.