Citizens (CIA) Registration Filing summary

Company overview and business model

• Insurance holding company serving life insurance needs in the U.S. since 1969 and internationally since 1975, with operations in 42 U.S. states and over 75 countries through subsidiaries.

• Focuses on traditional insurance products in niche markets, offering whole life, endowment, and final expense policies via independent agents and consultants.

• Operates two segments: Life Insurance (domestic and international) and Home Service Insurance (targeting middle- and lower-income households in select U.S. states).

• As of September 30, 2024, reported $1.7 billion in total assets and $5.2 billion of direct insurance in force.

Use of proceeds and capital allocation

• Proceeds from the sale of newly issued shares under the Stock Investment Plan will be used for general corporate purposes.

• The number of shares ultimately sold and the prices at which they are sold are not predetermined.

Risk factors and disclosures

• Investment involves a high degree of risk, including price fluctuation between investment decision and share purchase or sale.

• Plan accounts are not insured by FDIC, SIPC, or any government agency and may lose value.

• Participants do not know the share price at the time of investment; market volatility may impact returns.

• Additional risks are detailed in the company’s most recent annual and quarterly reports incorporated by reference.