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Financial Schedules Schedule II - Condensed Financial Information (Parent Company) (Notes)
 12 Months Ended
Dec. 31, 2019
Condensed Financial Information (Parent Company) [Abstract]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
Schedule II
Condensed Financial Information of Registrant
CITIZENS, INC. (Parent Company)
Balance Sheets
December 31,
(In thousands)
2019
 
2018
 
 
 
 
Assets
 
 
 
Investment in subsidiaries (1)
$
191,869

 
123,245

Fixed maturities available-for-sale, at fair value
50,491

 
41,705

Equity securities, at fair value
1,167

 
1,035

Real estate held for sale
2,571

 
5,718

Short-term investments
1,301

 
7,865

Cash
10,829

 
11,768

Accrued investment income
535

 
530

Accounts receivable from subsidiaries (1)
4,770

 
5,871

Property and equipment, net
817

 
425

Other assets
552

 
305

Total assets
$
264,902

 
198,467

Liabilities and Stockholders' Equity
 

 
 

Liabilities:
 

 
 

Accrued expense and other liabilities
$
5,066

 
10,734

Total liabilities
$
5,066

 
10,734

Stockholders' equity:
 

 
 

Common stock:
 

 
 

Class A
$
261,515

 
259,793

Class B
3,184

 
3,184

Accumulated deficit
(70,969
)
 
(69,599
)
Unrealized investment gains on securities held by parent and subsidiaries, net of tax
77,117

 
5,366

Treasury stock
(11,011
)
 
(11,011
)
Total stockholders' equity
259,836

 
187,733

Total liabilities and stockholders' equity
$
264,902

 
198,467


 (1) Eliminated in consolidation.
 

Note to Schedule II:

Citizens, Inc.'s investments in consolidated subsidiaries are stated at cost plus equity in undistributed income of consolidated subsidiaries. The Company includes in its Statement of Operations dividends from its subsidiaries and equity in undistributed income (loss) of consolidated subsidiaries, which represents the net income (loss) of each of its wholly-owned subsidiaries.
Schedule II, Continued
Condensed Financial Information of Registrant
CITIZENS, INC. (Parent Company)
Statements of Operations and Comprehensive Income (Loss)
Years ended December 31,
(In thousands)
2019
 
2018
 
2017
Comprehensive income (loss):
 
 
 
 
 
Revenues:
 
 
 
 
 
Management service fees (1)
$
43,694

 
43,323

 
42,367

Investment income
1,685

 
1,086

 
1,282

Other
2

 
1

 
80

Realized investment losses
(3,013
)
 
(196
)
 
—

Total revenues
42,368

 
44,214

 
43,729

Expenses:
 

 
 

 
 

General expenses
46,020

 
44,009

 
41,680

Taxes, licenses and fees
146

 
761

 
1,203

Total expenses
46,166

 
44,770

 
42,883

Income (loss) before federal income tax expense (benefit) and equity in loss of consolidated subsidiaries
(3,798
)
 
(556
)
 
846

Federal income tax expense (benefit)
(4,491
)
 
(185
)
 
228

Income (loss) before equity in income of consolidated subsidiaries
693

 
(371
)
 
618

Equity in loss of consolidated subsidiaries
(2,063
)
 
(10,691
)
 
(38,745
)
Net loss
(1,370
)
 
(11,062
)
 
(38,127
)
Other comprehensive income (loss)
71,751

 
(25,128
)
 
12,540

Total comprehensive income (loss)
$
70,381

 
(36,190
)
 
(25,587
)
 (1) Eliminated in consolidation.


Note to Schedule II:

Citizens, Inc.'s investments in consolidated subsidiaries are stated at cost plus equity in undistributed income of consolidated subsidiaries. The Company includes in its Statement of Operations and Comprehensive Income (Loss) dividends from its subsidiaries and equity in undistributed income (loss) of consolidated subsidiaries, which represents the net income (loss) of each of its wholly-owned subsidiaries.
Schedule II, Continued
Condensed Financial Information of Registrant
CITIZENS, INC. (Parent Company)
Statements of Cash Flows
Years ended December 31,
(In thousands)
2019
 
2018
 
2017
Cash flows from operating activities:
 
 
 
 
 
Net loss
$
(1,370
)
 
(11,062
)
 
(38,127
)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
 

 
 

 
 

Realized investment losses, net
3,013

 
196

 
—

Equity in loss of consolidated subsidiaries
2,063

 
10,691

 
38,745

Change in accrued expenses and other liabilities
(6,530
)
 
(2,036
)
 
4,370

Amortization of premiums and discounts on investments
496

 
567

 
714

Depreciation
267

 
356

 
319

Change in accrued investment income
(5
)
 
(46
)
 
181

Stock-based compensation
2,099

 
—

 
—

Decrease (increase) in receivable from subsidiaries and other assets
1,101

 
382

 
(2,901
)
Other, net
(248
)
 
22

 
(102
)
Net cash provided by (used in) operating activities
886

 
(930
)
 
3,199

Cash flows from investing activities:
 

 
 

 
 

Purchases of fixed maturities, available-for-sale
(12,970
)
 
(11,871
)
 
—

Maturities of fixed maturities, available-for-sale
691

 
7,160

 
10,986

Sales of fixed maturities, available-for-sale
4,268

 
1,366

 
—

Sales of other long-term investments and property and equipment
14

 
103

 
3

Purchases of other long-term investments and property and equipment
(85
)
 
(60
)
 
(261
)
Purchases of short-term investments
(2,456
)
 
(7,850
)
 
—

Maturities of short-term investments
9,090

 
—

 
500

Capital contribution to subsidiary
—

 
—

 
(5,250
)
Net cash provided by (used in) investing activities
(1,448
)
 
(11,152
)
 
5,978

Cash flows from financing activities:
 

 
 

 
 

Other
(377
)
 
—

 
—

Net cash used in financing activities
(377
)
 
—

 
—

Net increase (decrease) in cash
(939
)
 
(12,082
)
 
9,177

Cash at beginning of year
11,768

 
23,850

 
14,673

Cash at end of year
$
10,829

 
11,768

 
23,850



Note to Schedule II:

Citizens, Inc.'s investments in consolidated subsidiaries are stated at cost plus equity in undistributed income of consolidated subsidiaries. The Company includes in its Statement of Operations dividends from its subsidiaries and equity in undistributed income (loss) of consolidated subsidiaries, which represents the net income (loss) of each of its wholly-owned subsidiaries.