Citizens swings to Q3 2026 net loss of $422,000
CIA•Citizens reported a third-quarter 2026 net loss of $422,000, compared with net income of $2.42 million a year earlier. Revenue rose to $65.04 million, while benefits and expenses increased 11% to $64.9 million.
1. Quarterly results
Citizens swung to a third-quarter 2026 net loss of $422,000 from net income of $2.42 million a year earlier. Total revenue rose to $65.04 million, and direct insurance premiums increased 7% year over year to $50.05 million.
2. Expenses and platforms
Total benefits and expenses increased 11% year over year to $64.9 million, driven by higher future policy benefit reserves. Management announced investment in third-party, cloud-based platforms to strengthen insurance processing, underwriting and policy administration.
