Citizens (Citizens) Claims Ratio % : 0.00% (As of Dec. 2023)

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What is Citizens Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Citizens's Claims Ratio % or its related term are showing as below:

CIA's Claims Ratio % is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Citizens Claims Ratio % Historical Data

The historical data trend for Citizens's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Citizens Claims Ratio % Chart

Citizens Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Claims Ratio %

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CitizensQuarterly Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Claims Ratio %

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Competitive Comparison of Citizens's Claims Ratio %

For the Insurance - Life subindustry, Citizens's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Citizens (NYSE:CIA) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %

Total Claims

Total Premiums Earned

100%

Citizens (NYSE:CIA) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Citizens Claims Ratio % Related Terms

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Citizens (Citizens) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Citizens Inc (NYSE:CIA) » Definitions » Claims Ratio %

Comparable Companies

Traded in Other Exchanges

N/A

Address

11815 Alterra Parkway, Suite 1500, Austin, TX, USA, 78758

Website

https://www.citizensinc.com

Citizens Inc is an insurance holding company serving the life insurance needs of individuals in the United States. The company provides insurance benefits to residents in 32 U.S. states and more than 70 countries through its insurance subsidiaries. The company operates in two business segments namely the Life Insurance segment and the Home Service Insurance segment. The company majority generates revenues from Life Insurance segment.

Executives

James Keith Morgan	director	PO BOX 149151, AUSTIN TX 78714
Christopher W Claus	director	TRUECAR, INC., 120 BROADWAY, SUITE 200, SANTA MONICA CA 90401
Jeffery P. Conklin	officer: VP, CFO & Treasurer	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Gerald W Shields	director, officer: President & CEO	11815 ALTERRA PARKWAY, SUITE 1500, AUSTIN TX 78758
Harvey J. Waite	officer: VP, Chief Actuary	2900 ESPERANZA CROSSING, 2ND FLOOR, AUSTIN TX 78758
Mary Taylor	director	PO BOX 149151, AUSTIN TX 78714
Cynthia H Davis	director	PO BOX 149151, AUSTIN TX 78714
Davis Jerry Dodd Jr.	director	11815 ALTERRA PARKWAY, SUITE 1500, AUSTIN TX 78758
Terry Sam Maness	director	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Errol Dean Gage	director	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Frank A Keating	director	6100 N WESTERN AVENUE, OKLAHOMA CITY OK 73118
Mauldin Robert M Iii	officer: VP, Chief Marketing Officer	2900 ESPERANZA CROSSING, 2ND FL, AUSTIN TX 78758
Sheryl L Kinlaw	officer: Chief Legal Officer	11815 ALTERRA PKWY, FLOOR 15, AUSTIN TX 78758
Sloan Robert B Jr	director	11815 ALTERRA PKWY, SUITE 1500, AUSTIN TX 78758
Fred L. Quatro	director	2901 PENNY LANE, EULESS TX 76039