Citizens (CIA) Investor presentation summary

Business overview and market position

• Specializes in international life and endowment products and domestic final expense insurance, focusing on niche markets globally with sustainable competitive advantages.

• Operates in over 80 countries with more than 3,000 producing agents and 252 employees.

• Achieved $1.7B in assets and a record $5.45B in gross insurance in force as of March 2026.

• Rejoined the Russell 3000 and Russell 2000 indexes in June 2025.

• Majority of premiums originate in Latin America, with additional sales in Taiwan and a strong presence in underpenetrated U.S. states.

Strategic roadmap and growth initiatives

• Strategic roadmap initiated in 2021, focusing on product innovation, geographic expansion, and operational efficiency.

• Key growth initiatives include increasing first-year premium revenues, expanding into new and existing countries, and enhancing agent/client servicing platforms.

• EPS growth expected as matured endowment benefit payments peaked in 2025 and are declining, providing a tailwind for earnings.

• Stock trades below peer price-to-book value, with 21 years of positive net cash from operations.

Recent accomplishments and operational execution

• Record number of producing agents, up 5% in Q1 2026, and 14 consecutive quarters of year-over-year first-year sales increases.

• Renewal premium growth and addition of white-labeled products by agency partners.

• No debt, $20M line of credit, and $4.4M available for share repurchases.

• A.M. Best Financial Strength Rating B++ and strong balance sheet.