CIA

Austin, Texas--(Newsfile Corp. - August 6, 2026) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today reported results for the second quarter ended June 30, 2026. "Our underlying indicators of future growth continued to advance. We achieved our fifteenth consecutive quarter of year-over-year direct first year premium growth driven by our expanding sales force and increased direct renewal premiums. Book value per Class A share also increased year-over-year for the fourteenth consecutive quarter, and we've generated positive net cash provided by operating activities every year since 2004. These achievements demonstrate continued execution against our strategic roadmap," said Jon Stenberg, President and Chief Executive Officer. "Our second-quarter results were affected by investment-market fluctuations and increase in future policy benefit reserves mainly due to growth in our Domestic Insurance segment and the comparatively large amount of reserves released in the prior year period as we paid out matured endowment and released the corresponding reserves." "Targeted investments in our strategic roadmap reinforce our leadership and are designed to drive clear growth of premiums and adjusted book value per share, and deliver long-term value for both our customers and shareholders," concluded Stenberg. Recent Business Highlights Increased global network of producing agents, up 6% since June 30, 2025. Direct insurance premiums of $48.1 million in Q2 2026, up from $46.4 million in Q2 2025, driven by sales of our newer product offerings and expanded distribution in our Domestic Insurance segment. Direct renewal premiums growth in Q2 2026, driven by strong sales in prior periods leading to a higher number of policies paying renewal premiums. Direct first year premiums have increased year-over-year for fifteen consecutive quarters. Second Quarter 2026 Financial Results Total revenues of $60.4 million in Q2 2026, from $65.1 million in the year-ago quarter. Adjusted total revenues, which excludes investment related gains (losses), of $61.9 million in Q2 2026, from $62.7 million in the year-ago quarter. Net loss of $0.4 million in Q2 2026, from $6.5 million net income in Q2 2025. Adjusted net income of $0.8 million in Q2 2026, from $4.2 million adjusted net income in Q2 2025. Total assets of $1.8 billion, cash and cash equivalents of $17.0 million and no debt at June 30, 2026. Book value per Class A share of $4.64 on June 30, 2026, increased from $4.56 on June 30, 2025. Adjusted book value per Class A share, which excludes accumulated other comprehensive income (loss) (AOCI), of $6.44 on June 30, 2026, increased from $6.22 on June 30, 2025. The Company has achieved fourteen consecutive quarters of book value per Class A share year-over-year growth. Total premium revenue increased in Q2 2026 driven by an expanding sales force and our newer product offerings, marking the fifteenth consecutive quarter of year-over-year gains in direct first year premiums. Direct renewal premiums also grew in Q2 2026, driven by strong first year sales in prior periods leading to a higher number of policies paying renewal premiums in the current period. Premium growth was constrained by unfavorable persistency in our Domestic Insurance segment, while the high level of surrenders and matured endowments in our International Insurance segment during the last few years has reduced the number of policies remaining in force and paying renewal premiums. Despite increases in premium revenue, total revenues of $60.4 million in the second quarter of 2026 declined from $65.1 million in the year-ago quarter. The decline was primarily due to the $3.9 million decline in investment related gains (losses) resulting from market value changes in limited partnership assets that were not sold. Excluding investment related gains (losses), adjusted total revenues were $61.9 million in the second quarter of 2026 from $62.7 million in the second quarter of 2025, due to decreased other income. Other income is related to issuance of supplemental contracts and we expect other income to decline as matured endowment benefits also decline, as contractually expected. Total benefits and expenses increased to $60.9 million in Q2 2026, from $58.2 million in the same year-ago quarter as the decline in claims and surrenders was more than offset by an increase in future policy benefit reserves. Claims and surrenders decreased $6.5 million in Q2 2026 due to the expected contractual decreases of matured endowments. These maturities reached their highest level in 2025; the Company expects reduced levels of maturities during the remainder of 2026 and over the next few years as fewer of these contracts expire. This benefit was more than offset by a $7.7 million increase in future policy benefit reserves primarily due to the increased business in our Domestic Insurance segment and the comparatively large amount of reserves released in the prior year period as we paid out matured endowment and released the corresponding reserves. Accordingly, we had a net loss of $0.4 million in Q2 2026, or $0.01 loss per fully diluted Class A share, from $6.5 net income, or $0.13 income per fully diluted Class A share, in Q2 2025. Adjusted net income was $0.8 million, or $0.01 adjusted income per fully diluted Class A share, in Q2 2026, from $4.2 million adjusted net income, or $0.08 adjusted income per fully diluted Class A share, in the year-ago quarter. Investments Total investment income was $18.1 million for Q2 2026, from $17.9 million in the same year-ago quarter due to investment grade private placement credit investments, where we expect higher returns. Net investment income decreased to $17.0 million for Q2 2026 from $17.2 million in the same year-ago quarter reflecting higher limited partnership investment expenses. The average annualized yield on the investment portfolio was 4.41% in Q2 2026 from 4.50% in the prior year due to the impact of higher investment expenses. The carrying value of the Company's total investment portfolio was $1.4 billion at June 30, 2026, relatively the same at June 30, 2025. Cash Position The Company had cash and cash equivalents of $17.0 million and no debt at June 30, 2026. Citizens reported $1.7 million net cash provided by operating activities in Q2 2026. The Company has had positive annual net cash provided by operating activities every year since 2004, and expects positive net cash provided by operating activities for the remainder of 2026 as the level of our matured endowment benefit payments continue to decline. Key Growth Initiatives Citizens' strategic roadmap is designed to deliver sustainable growth in premiums, adjusted net income, and adjusted book value per share. Citizens' key growth initiatives: Increase first year premium revenues Increase penetration in new and existing countries served Introduce new products or major product enhancements Enhance agent and client servicing platforms that drive efficiency About Citizens, Inc.Citizens, Inc. (NYSE: CIA) is a diversified financial services company providing life, living benefits and final expense insurance and other financial products to individuals and small businesses in the U.S., Latin America, and Asia. Through its customer-centric growth strategy, Citizens offers innovative products to address the evolving needs of its customers in their native languages of English, Spanish, Portuguese, and Mandarin. The Company operates two primary segments: International Insurance, where the Company is a market leader in U.S. Dollar denominated life insurance, and Domestic Insurance, where it is growing in niche markets in the United States through its final expense products distributed through white-label and established distribution channels. Citizens' stock is included in the Russell 2000® and Russell 3000® indexes. For more information about Citizens, please visit the website at www.citizensinc.com and LinkedIn. Explanatory Notes on Use of Non-GAAP MeasuresIn addition to the financial information prepared in conformity with U.S. generally accepted accounting principles ("GAAP"), in this press release, the Company provides certain non-GAAP financial measures that we believe improve understanding the underlying business trends. Adjustments to GAAP measures generally apply to discrete events and items not indicative of our operating trends. Adjusted Total Revenues is a non-GAAP measure that excludes investment related gains (losses) from total revenues. Management believes the adjusted total revenues metric is meaningful, as it allows investors to evaluate revenues generated by core business activities excluding items that are heavily impacted by investment market fluctuations. Adjusted Income Before Federal Income Tax is a non-GAAP measure that is computed as pre-tax GAAP operating income with discrete adjustments that exclude investment related gains (losses) and other special items not indicative of operating trends. Management believes this metric is meaningful, as it allows investors to evaluate underlying profitability and enhances comparability across periods, by excluding items that are heavily impacted by investment market fluctuations and other economic factors that are not indicative of operating trends. Adjusted Net Income is a non-GAAP measure that is derived by excluding the tax effected Adjusted Income Before Federal Income Tax adjustments described above. The provision for income tax related to adjusted after-tax income is calculated using our effective tax rate excluding discrete items. Adjusted Income Per Share of Class A Common Stock Basic and Diluted is a non-GAAP measure that is defined as adjusted net income for the period divided by the weighted average number of basic and fully diluted shares of common stock outstanding for the period. Adjusted Book Value Per Share of Class A Common Stock is a non-GAAP measure that is calculated by dividing actual Class A common stockholders' equity, excluding AOCI, by the number of Class A common shares outstanding at the end of the period. Management believes this metric is meaningful, as it allows investors to evaluate underlying book value growth by excluding the impact of interest rate volatility. Definition of Reported SegmentsThe Company is comprised of two operating business segments and other non-insurance enterprises as detailed below. The insurance operations are the Company's primary focus and are the lead income generators of the business. International Insurance - Our International Insurance segment issues U.S. dollar-denominated ordinary whole life insurance and endowment policies predominantly to non-U.S. residents located principally in Latin America and the Pacific Rim. Our products in this segment are sold through independent agents. Domestic Insurance - Domestically, we are licensed in 43 U.S. states and sell whole life final expense insurance and life insurance with living benefits and critical illness products. The Domestic Insurance segment provides life insurance policies marketed to middle- and lower-income households. These products are sold through independent agents and funeral homes. GAAP to Non-GAAP Reconciliations Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "will," "expect," "anticipate," "believe," "project," "intends," "continue" or comparable words. Such forward-looking statements may relate to the Company's expectations regarding its business performance, operational strategy, capital expenditures, technological changes, regulatory actions, and other financial and operational measures. In addition, all statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. The risks, uncertainties and assumptions that are involved in our forward-looking statements include, but are not limited to the risk factors discussed in our most recently filed periodic reports on Form 10-K and Form 10-Q. The Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in the Company's expectations. Accordingly, you should not unduly rely on these forward-looking statements. The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community. Citizens, Inc. Investor Relations ContactsDarrow Associates Investor RelationsJeff Christensen and Matt KrepsEmail: [email protected] (Jeff and Matt)Phone: 703-297-6917 (Jeff) and 214-597-8200 (Matt) To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308418

Fidelis Insurance Holdings (PLGO) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to a loss of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +25.33%. A quarter ago, it was expected that this insurance and reinsurance company would post earnings of $0.96 per share when it actually produced earnings of $1.09, delivering a surprise of +13.54%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Fidelis Insurance, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $612.2 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 6.07%. This compares to year-ago revenues of $652.5 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Fidelis Insurance shares have added about 4% since the beginning of the year versus the S&P 500's gain of 8.1%. While Fidelis Insurance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Fidelis Insurance was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $563.65 million in revenues for the coming quarter and $3.19 on $2.56 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Multi line is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens (CIA), another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended March 2026. This insurance company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +150%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens' revenues are expected to be $59.72 million, up 2% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fidelis Insurance Holdings Limited (PLGO) : Free Stock Analysis Report Citizens, Inc. (CIA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

As you might know, Citizens, Inc. (NYSE:CIA) last week released its latest quarterly, and things did not turn out so great for shareholders. Results showed a clear earnings miss, with US$60m revenue coming in 2.4% lower than what the analystexpected. Statutory earnings per share (EPS) of US$0.04 missed the mark badly, arriving some 20% below what was expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analyst latest (statutory) post-earnings forecasts for next year. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Following last week's earnings report, Citizens' sole analyst are forecasting 2026 revenues to be US$259.3m, approximately in line with the last 12 months. Statutory earnings per share are forecast to descend 18% to US$0.30 in the same period. Before this earnings report, the analyst had been forecasting revenues of US$260.9m and earnings per share (EPS) of US$0.37 in 2026. The analyst seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a substantial drop in EPS estimates. Check out our latest analysis for Citizens Despite cutting their earnings forecasts,the analyst has lifted their price target 20% to US$6.00, suggesting that these impacts are not expected to weigh on the stock's value in the long term. Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 0.2% by the end of 2026. This indicates a significant reduction from annual growth of 0.8% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 2.6% annually for the foreseeable future. It's pretty clear that Citizens' revenues are expected to perform substantially worse than the wider industry. The biggest concern is that the analyst reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Citizens. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analyst believes the intrinsic value of the business is likely to improve over time. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2027, which can be seen for free on our platform here. And what about risks? Every company has them, and we've spotted 1 warning sign for Citizens you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Total revenues of $59.7 million in Q1 2026, up 7% from $55.7 million in Q1 2025. Adjusted total revenues of $58.7 million, from $58.5 million in Q1 2025. Net income of $2.3 million in Q1 2026, from $1.6 million loss in Q1 2025. Adjusted net income of $1.3 million in Q1 2026, from $1.0 million in Q1 2025. Book value per Class A share of $4.74 on March 31, 2026 increased from $4.37 on March 31, 2025. Adjusted book value per Class A share of $6.48 on March 31, 2026, from $6.12 on March 31, 2025. Austin, Texas--(Newsfile Corp. - May 7, 2026) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today reported results for the first quarter ended March 31, 2026. "We delivered another quarter of strong revenue and net income performance, demonstrating consistent and repeatable execution against our strategic roadmap. This is the fourteenth consecutive quarter of year-over-year growth in first year premiums, driven by our expanding sales force and innovative products," said Jon Stenberg, President and Chief Executive Officer. "Targeted investments in our strategic roadmap reinforce our leadership and are designed to deliver clear growth of premiums and adjusted book value per share. Additionally, we remain fully committed to sustainable profitable growth and capital management, as evidenced by our positive annual net cash from operations every year since 2004, and remain committed to extending this track record." "Looking ahead, we expect revenue and profit growth for the full year 2026. As our recurring revenue base continues to scale, we expect long-term EPS expansion through revenue growth and operating leverage. We have strengthened every element of our value proposition. We believe we're well positioned to drive long-term value creation for both our customers and shareholders, supported by our robust global business model, disciplined execution, and favorable demographic tailwinds worldwide. Our competitive advantages in expanding niche markets worldwide, rapidly growing our sales force, and expertise in profitable product development reinforce our positive outlook," concluded Stenberg. Recent Business Highlights Increased global network of producing agents, up 5% since March 31, 2025. Direct insurance premiums of $43.9 million in Q1 2026, up from $42.4 million in Q1 2025, driven by sales of our new product offerings and expanded distribution in our Domestic Insurance segment. Direct renewal premiums growth in Q1 2026, driven by strong first year sales in prior years leading to a higher number of policies paying renewal premiums in the first quarter of 2026. First year premiums have increased year-over-year for fourteen consecutive quarters. First Quarter 2026 Financial Results Total revenues of $59.7 million in Q1 2026, up 7% from $55.7 million in the year-ago quarter. Adjusted total revenues, which excludes investment related gains (losses), of $58.7 million in Q1 2026, increased from $58.5 million in the year-ago quarter. Net income of $2.3 million in Q1 2026, increased from $1.6 million loss in Q1 2025. Adjusted net income of $1.3 million in Q1 2026, from $1.0 million adjusted net income in Q1 2025. Total assets of $1.7 billion, cash and cash equivalents of $18.5 million and no debt at March 31, 2026. Book value per Class A share of $4.74 on March 31, 2026, increased 8% over the year-ago period. Book value per Class A share excluding accumulated other comprehensive income (loss) (AOCI) of $6.48 on March 31, 2026 increased 6% over the year-ago period. The Company has achieved thirteen consecutive quarters of book value per Class A share growth. Total revenues of $59.7 million in Q1 2026, increased from $55.7 million in the year-ago quarter. The primary factor that drove this was a $3.9 million increase in investment related gains and losses, reflecting the absence of the BlackRock write-down recorded in the prior year period. Excluding investment related gains (losses), adjusted total revenues of $58.7 million in Q1 2026, increased from $58.5 million in Q1 2025 driven by improvements in insurance premium revenue and other income related to the issuance of supplemental contracts. Total benefits and expenses decreased to $57.3 million in Q1 2026, from $57.4 million in the same year-ago quarter. The decrease was driven by lower surrender benefits paid and decreases in future policy benefits reserves and commissions in our International Insurance segment due to mix of our product sales. The decreases were partially offset by higher general expenses in Q1 2026 associated with continued investment in supporting the growth of our business. Matured endowment benefits increased slightly in Q1 2026 compared to year-ago quarter. These maturities were contractually expected and reached their highest level in 2025; the Company expects reduced levels of maturities starting during the remaining quarters of 2026 and over the next few years as fewer of these contracts expire. Net income of $2.3 million in Q1 2026, or $0.04 income per fully diluted Class A share, up from $1.6 million loss, or $0.03 loss per fully diluted Class A share, in Q1 2025. Adjusted net income of $1.3 million, or $0.03 adjusted income per fully diluted Class A share, in Q1 2026, increased from $1.0 million adjusted net income, or $0.02 adjusted income per fully diluted Class A share, in the year-ago quarter. Adjusted net income excludes investment related gains (losses), income tax, and discrete items. The definitions of Non-GAAP information and comparable GAAP information is included in the Explanatory Notes on Use of Non-GAAP Measures section and defines and reconciles measures not presented in accordance with generally accepted accounting principles ("GAAP") (a "non-GAAP Financial Measure"). Investments Net investment income of $17.3 million for Q1 2026, from $17.4 million in the same year-ago quarter. Total investment income increased for the three months ended March 31, 2026 compared to the same prior year period as we began investing in investment grade private placement credit, where we expect higher returns. This increase was outweighed by non-recurring fund fees due to underperformance of our middle market limited partnership investment. The average annualized yield on the investment portfolio was 4.54% in Q1 2026 from 4.52% in the prior year. The carrying value of the Company's total investment portfolio was $1.4 billion at March 31, 2026, relatively the same at March 31, 2025. Cash Position The Company had cash and cash equivalents of $18.5 million and no debt at March 31, 2026. Citizens reported $0.3 million net cash used in operating activities in Q1 2026, from $0.7 million net cash provided by operating activities in Q1 2025, primarily driven by matured endowment benefit payments, commissions, and general expenses supporting our business growth. Prior to this quarter, the Company has had positive annual net cash provided by operating activities every year since 2004, and expects positive net cash provided by operating activities for the remainder of 2026 as the level of our matured endowment benefit payments declines. Key Growth Initiatives Citizens' strategic roadmap is designed to deliver sustainable growth in premiums, adjusted net income, and adjusted book value per share. Citizens' key growth initiatives: Increase first year premium revenues Increase penetration in new and existing countries served Introduce products or major product enhancements Enhance agent and client servicing platforms that drive efficiency About Citizens, Inc. Citizens, Inc. (NYSE: CIA) is a diversified financial services company providing life, living benefits and final expense insurance and other financial products to individuals and small businesses in the U.S., Latin America, and Asia. Through its customer-centric growth strategy, Citizens offers innovative products to address the evolving needs of its customers in their native languages of English, Spanish, Portuguese, and Mandarin. The Company operates two primary segments: International Insurance, where the Company is a market leader in U.S. Dollar denominated life insurance, and Domestic Insurance, where it is growing in niche markets in the United States through its final expense products distributed through white-label and established distribution channels. Citizens' stock is included in the Russell 2000® and Russell 3000® indexes. For more information about Citizens, please visit the website at www.citizensinc.com and LinkedIn. Explanatory Notes on Use of Non-GAAP Measures In addition to the financial information prepared in conformity with accounting U.S. generally accepted accounting principles ("GAAP"), in this press release, the Company provides certain non-GAAP financial measures that we believe improve understanding the underlying business trends. Adjustments to GAAP measures generally apply to discrete events and items not indicative of our operating trends. Adjusted Total Revenues is a non-GAAP measure that excludes investment related gains (losses) from total revenues. Management believes the adjusted total revenues metric is meaningful, as it allows investors to evaluate revenues generated by core business activities excluding items that are heavily impacted by investment market fluctuations. Adjusted Income Before Federal Income Tax is a non-GAAP measure that is computed as pre-tax GAAP operating income with discrete adjustments that exclude investment related gains (losses), income (loss) from ceased businesses and other special items not indicative of operating trends. Management believes this metric is meaningful, as it allows investors to evaluate underlying profitability and enhances comparability across periods, by excluding items that are heavily impacted by investment market fluctuations and other economic factors that are not indicative of operating trends. Adjusted Net Income is a non-GAAP measure that is derived by excluding the tax effected Adjusted Income Before Federal Income Tax adjustments described above. The provision for income tax related to adjusted after-tax income is calculated using our effective tax rate excluding discrete items. Adjusted Income Per Share of Class A Common Stock Basic and Diluted is a non-GAAP measure that is defined as adjusted net income for the period divided by the weighted average number of basic and fully diluted shares of common stock outstanding for the period. Adjusted Book Value Per Share of Class A Common Stock is a non-GAAP measure that is calculated by dividing actual Class A common stockholders' equity, excluding AOCI, by the number of Class A common shares outstanding at the end of the period. Management believes this metric is meaningful, as it allows investors to evaluate underlying book value growth by excluding the impact of interest rate volatility. Definition of Reported Segments The Company is comprised of two operating business segments and other non-insurance enterprises as detailed below. The insurance operations are the Company's primary focus and are the lead income generators of the business. International Insurance – Our International Insurance segment issues U.S. dollar-denominated ordinary whole life insurance and endowment policies predominantly to non-U.S. residents located principally in Latin America and the Pacific Rim. Our products in this segment are sold through independent agents. Domestic Insurance – Domestically, we are licensed in 43 U.S. states and sell whole life final expense insurance and life insurance with living benefits and critical illness products. The Domestic Insurance segment provides life insurance policies marketed to middle- and lower-income households. These products are sold through independent agents and funeral homes. GAAP to Non-GAAP Reconciliations Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "will," "expect," "anticipate," "believe," "project," "intends," "continue" or comparable words. Such forward-looking statements may relate to the Company's expectations regarding its business performance, operational strategy, capital expenditures, technological changes, regulatory actions, and other financial and operational measures. In addition, all statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. The risks, uncertainties and assumptions that are involved in our forward-looking statements include, but are not limited to the risk factors discussed in our most recently filed periodic reports on Form 10-K and Form 10-Q. The Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in the Company's expectations. Accordingly, you should not unduly rely on these forward-looking statements. The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community. Citizens, Inc. Investor Relations Contacts Darrow Associates Investor Relations Jeff Christensen and Matt Kreps Email: [email protected] (Jeff and Matt) Phone: 703-297-6917 (Jeff) and 214-597-8200 (Matt) To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296499

Brighthouse Financial (BHF) came out with quarterly earnings of $4.35 per share, missing the Zacks Consensus Estimate of $4.75 per share. This compares to earnings of $4.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -8.42%. A quarter ago, it was expected that this annuity and life insurance company would post earnings of $5.19 per share when it actually produced earnings of $3.93, delivering a surprise of -24.28%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Brighthouse Financial, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $2.1 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 5.11%. This compares to year-ago revenues of $2.16 billion. The company has not been able to beat consensus revenue estimates over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Brighthouse Financial shares have lost about 3.2% since the beginning of the year versus the S&P 500's gain of 6%. While Brighthouse Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Brighthouse Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.89 on $2.3 billion in revenues for the coming quarter and $19.52 on $8.94 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens (CIA), another stock in the same industry, has yet to report results for the quarter ended March 2026. This insurance company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +150%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens' revenues are expected to be $61.17 million, up 4.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brighthouse Financial, Inc. (BHF) : Free Stock Analysis Report Citizens, Inc. (CIA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Voya Financial (VOYA) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.02 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +11.88%. A quarter ago, it was expected that this retirement, investment and insurance company would post earnings of $2.11 per share when it actually produced earnings of $1.94, delivering a surprise of -8.06%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Voya, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $318 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.31%. This compares to year-ago revenues of $294 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Voya shares have added about 10.1% since the beginning of the year versus the S&P 500's gain of 5.2%. While Voya has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Voya was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.49 on $351.18 million in revenues for the coming quarter and $9.63 on $1.38 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Citizens (CIA), another stock in the same industry, has yet to report results for the quarter ended March 2026. This insurance company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +150%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens' revenues are expected to be $61.17 million, up 4.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Voya Financial, Inc. (VOYA) : Free Stock Analysis Report Citizens, Inc. (CIA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Citizens (CIA) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +37.50%. A quarter ago, it was expected that this insurance company would post earnings of $0.06 per share when it actually produced earnings of $0.07, delivering a surprise of +16.67%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Citizens, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $70.19 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.39%. This compares to year-ago revenues of $67.64 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Citizens shares have added about 5.8% since the beginning of the year versus the S&P 500's decline of 1%. While Citizens has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Citizens was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $61.17 million in revenues for the coming quarter and $0.30 on $260.26 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the top 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, BlackRock (BLK), is yet to report results for the quarter ended March 2026. This investment firm is expected to post quarterly earnings of $12.36 per share in its upcoming report, which represents a year-over-year change of +9.4%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level. BlackRock's revenues are expected to be $6.6 billion, up 25% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citizens, Inc. (CIA) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Highest ever full year total revenues: $255.6 million in 2025, up from $245.0 million in 2024. Adjusted total revenues of $255.5 million in 2025, from $247.6 million in 2024. Record quarter for total revenues: $72.1 million in Q4 2025, up from $63.5 million in Q4 2024. Adjusted total revenues of $70.2 million in Q4 2025, from $67.6 million in Q4 2024. Income before federal income tax of $17.5 million in 2025, from $15.0 million in 2024. Adjusted income before federal income tax in full year 2025 of $17.3 million, from $21.3 million in 2024. Income before federal income tax of $7.9 million in Q4 2025, from $3.7 million in Q4 2024. Adjusted income before federal income tax of $6.0 million in Q4 2025, from $8.0 million in Q4 2024. Book value per Class A share of $4.67 on December 31, 2025 increased from $4.21 on December 31, 2024. Adjusted book value per Class A share of $6.43 on December 31, 2025, from $6.14 on December 31, 2024. Austin, Texas--(Newsfile Corp. - March 12, 2026) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today reported results for the fourth quarter and full year ended December 31, 2025. "Delivering tangible results is a key step as we progress along our strategic roadmap. We finished the year with record full year and fourth quarter revenue and record total direct insurance in force of $5.43 billion. This was driven by broadening our product offerings and distribution reach. Our producing agents have increased 22% since the fourth quarter 2024. This is the thirteenth consecutive quarter of year-over-year growth in first year premiums, driven by our rapidly expanding sales force and innovative products," said Jon Stenberg, President and Chief Executive Officer. "Investment in our strategic roadmap reinforces our leadership and is designed to deliver clear growth for premiums and adjusted book value per share. Additionally, we remain fully committed to sustainable profitable growth and capital management, as evidenced by our positive net cash from operations every year since 2004, and remain committed to extending this track record." "Looking ahead, we expect revenue and profit growth for the full year 2026. We believe we're well positioned to drive long-term value creation for both our customers and shareholders, supported by our robust global business model, disciplined execution, and favorable demographic tailwinds worldwide. Our competitive advantages in expanding niche markets worldwide, rapidly growing our sales force, and expertise in profitable product development reinforce our positive outlook," concluded Stenberg. Reporting Segments Reclassification Effective December 31, 2025, Citizens reorganized its insurance reporting structure, shifting from Life Insurance and Home Service Insurance segments to International Insurance and Domestic Insurance segments. Management believes this realignment enhances transparency and more accurately reflects the manner in which we operate the business, evaluate performance, and execute our strategic priorities. Citizens has recast prior-period segment information to conform to the new segment structure. These changes affect only how we present results by segment and had no impact on our consolidated balance sheets, consolidated statements of operations and comprehensive income (loss), or consolidated cash flows statements. Recent Business Highlights Record setting results and highlight accomplishments for Citizens during the full year ended December 31, 2025, including: Record number of producing agents: increased global network of producing agents, up 22% since December 31, 2024. Highest-ever amount of total direct insurance in force: $5.43 billion of total direct insurance in force at December 31, 2025, up 3.9% compared to the same period in 2024. Second highest amount of insurance issued in a year of $1.1 billion in 2025. Direct insurance premiums of $188.8 million in 2025, up 6% from $178.8 million in 2024 driven by sales of our new product offerings and expanded distribution in our Domestic Insurance segment. First year premiums have increased year-over-year for thirteen consecutive quarters. In 2025, total premium revenues increased for the second straight year. Fourth Quarter 2025 Financial Results Record quarter for total revenues: $72.1 million in Q4 2025, up 14% from $63.5 million in Q4 2024. Adjusted total revenues of $70.2 million in Q4 2025, increased 4% from $67.6 million in Q4 2024. Income before federal income tax of $7.9 million in Q4 2025, from $3.7 million in Q4 2024. Adjusted income before federal income tax of $6.0 million in Q4 2025, from $8.0 million in Q4 2024. Total assets of $1.8 billion, cash and cash equivalents of $23.0 million and no debt at December 31, 2025. Book value per Class A share of $4.67 on December 31, 2025 increased 11% over the year-ago period. Book value per Class A share excluding accumulated other comprehensive income (loss) (AOCI) of $6.43 on December 31, 2025 increased 5% over the year-ago period. The Company has achieved twelve consecutive quarters of book value per Class A share growth. All-time high total revenues in a quarter of $72.1 million in the fourth quarter of 2025, increased from $63.5 million in the year-ago quarter, driven by $6.0 million increase in investment related gains due primarily from write-down the Company's investment in BlackRock's ESG Investment Fund in Q4 2024, combined with Q4 2025 increases in all other operating items; $1.1 million increase in net investment income due to our diversified investment strategy, $0.8 million increase in other income related to the issuance of supplemental contracts, and $0.7 million increase in premium revenue. Total benefits and expenses increased to $64.2 million in the fourth quarter of 2025, from $59.8 million in the same year-ago quarter due to higher reserves and general expenses. The increase in future policy benefit reserves was a result of continued strong sales leading to new insurance issued. Additionally, continued investment in the growth of the business led to $1.4 million of higher general expenses. Matured endowment benefits increased slightly in Q4 2025 compared to year-ago quarter. These maturities were contractually expected and were at their highest level in 2025; the Company expects reduced levels of maturities starting in 2026 over the next few years as fewer of these contracts expire. Income before federal income tax of $7.9 million in Q4 2025, increased from $3.7 million in Q4 2024. Net income for the fourth quarter of 2025 was $7.3 million, or $0.14 income per fully diluted Class A share, from $3.6 million net income, or $0.07 income per fully diluted Class A share, in the prior year quarter. This increase was driven by the increase in total revenues and lower total insurance benefits paid or provided, partially offset by higher general expenses. Adjusted net income of $5.6 million, or $0.11 adjusted income per fully diluted Class A share, in Q4 2025, from $7.8 million adjusted net income, or $0.15 adjusted income per fully diluted Class A share, in the year-ago quarter. Adjusted net income excludes investment related gains (losses) and loss from ceased property insurance business and discrete items. The definitions of Non-GAAP information and comparable GAAP information is included in the Explanatory Notes on Use of Non-GAAP Measures section and defines and reconciles measures not presented in accordance with generally accepted accounting principles ("GAAP") (a "non-GAAP Financial Measure"). Investments Net investment income of $18.4 million for the fourth quarter of 2025, an increase from $17.3 million in the same year-ago quarter, as the Company has been investing in investment grade private placement fixed income securities and structured notes where it expects higher returns. This investment strategy, along with the receipt of a one-time special dividend of $1.7 million from a limited partnership investment, led to higher net investment income in the full year 2025 compared to 2024. The average pre-tax yield on the investment portfolio was at 4.67% in 2025 from 4.56% in the prior year. The carrying value of the Company's fixed maturity securities investment portfolio at December 31, 2025 was $1.3 billion, an increase from $1.2 billion at December 31, 2024. Cash Flow Positive net cash provided by operating activities was $18.0 million for the full year 2025. The Company has had positive net cash provided by operating activities annually since 2004. The Company had cash and cash equivalents of $23.0 million and no debt at December 31, 2025. Key Growth Initiatives Citizens' strategic roadmap is designed to deliver sustainable growth in premiums, adjusted net income, and adjusted book value per share. Citizens' key growth initiatives: Increase first year premium revenues Increase penetration in new and existing countries served Introduce products or major product enhancements Enhance agent and client servicing platforms that drive efficiency About Citizens, Inc. Citizens, Inc. (NYSE: CIA) is a diversified financial services company providing life, living benefits and final expense insurance and other financial products to individuals and small businesses in the U.S., Latin America, and Asia. Through its customer-centric growth strategy, Citizens offers innovative products to address the evolving needs of its customers in their native languages of English, Spanish, Portuguese, and Mandarin. The Company operates two primary segments: International Insurance, where the Company is a market leader in U.S. Dollar denominated life insurance and Domestic Insurance where it is growing in niche markets in the United States through its final expense products distributed through white-label and established distribution channels. Citizens' stock is included in the Russell 2000ﾮ and Russell 3000ﾮ indexes. For more information about Citizens, please visit the website at www.citizensinc.com and LinkedIn. Explanatory Notes on Use of Non-GAAP Measures In addition to the financial information prepared in conformity with accounting U.S. generally accepted accounting principles ("GAAP"), in this press release, the Company provides certain non-GAAP financial measures that we believe improves understanding of the underlying business trends. Adjustments to GAAP measures generally apply to discrete events and items not indicative of our operating trends. Adjusted Total Revenues is a non-GAAP measure that excludes investment related gains (losses) from total revenues. Management believes the adjusted total revenues metric is meaningful, as it allows investors to evaluate revenues generated by core business activities excluding items that are heavily impacted by investment market fluctuations. Adjusted Income Before Federal Income Tax is a non-GAAP measure that is computed as pre-tax GAAP operating income with discrete adjustments that exclude investment related gains (losses), income (loss) from ceased businesses and other special items not indicative of operating trends. Management believes this metric is meaningful, as it allows investors to evaluate underlying profitability and enhances comparability across periods, by excluding items that are heavily impacted by investment market fluctuations and other economic factors that are not indicative of operating trends. Adjusted Net Income is a non-GAAP measure that is derived by excluding the tax effected Adjusted Income Before Federal Income Tax adjustments described above. The provision for income tax related to adjusted after-tax income is calculated using our effective tax rate excluding discrete items. Adjusted Income Per Share of Class A Common Stock Basic and Diluted is a non-GAAP measure that is defined as adjusted net income for the period divided by the weighted average number of basic and fully diluted shares of common stock outstanding for the period. Adjusted Book Value Per Share of Class A Common Stock is a non-GAAP measure that is calculated by dividing actual Class A common stockholders' equity, excluding AOCI, by the number of Class A common shares outstanding at the end of the period. Management believes this metric is meaningful, as it allows investors to evaluate underlying book value growth by excluding the impact of interest rate volatility. Definition of Reported Segments The Company is comprised of two operating business segments and other non-insurance enterprises as detailed below. The insurance operations are the Company's primary focus and are the lead income generators of the business. International Insurance - Our International Insurance segment issues U.S. dollar-denominated ordinary whole life insurance and endowment policies predominantly to non-U.S. residents located principally in Latin America and the Pacific Rim. Our products in this segment are sold through independent agents. Domestic Insurance - Domestically, we are licensed in 43 U.S. states and sell whole life final expense insurance and life insurance with living benefits and critical illness products. The Domestic Insurance segment provides life insurance policies marketed to middle- and lower-income households. These products are sold through independent agents and funeral homes. GAAP to Non-GAAP Reconciliations Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "will," "expect," "anticipate," "believe," "project," "intends," "continue" or comparable words. Such forward-looking statements may relate to the Company's expectations regarding its business performance, operational strategy, capital expenditures, technological changes, regulatory actions, and other financial and operational measures. In addition, all statements other than statements of historical facts that address activities that the Company expects or anticipates will or may occur in the future are forward-looking statements. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements. The risks, uncertainties and assumptions that are involved in our forward-looking statements include, but are not limited to the risk factors discussed in our most recently filed periodic reports on Form 10-K and Form 10-Q. The Company undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in the Company's expectations. Accordingly, you should not unduly rely on these forward-looking statements. The Company also disclaims any duty to comment upon or correct information that may be contained in reports published by the investment community. Citizens, Inc. Investor Relations Contacts Darrow Associates Investor Relations Jeff Christensen and Matt Kreps Email: [email protected] (Jeff and Matt) Phone: 703-297-6917 (Jeff) and 214-597-8200 (Matt) To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288200

The Baldwin Insurance Group (BWIN) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.83%. A quarter ago, it was expected that this company would post earnings of $0.3 per share when it actually produced earnings of $0.31, delivering a surprise of +3.33%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The Baldwin Insurance Group, which belongs to the Zacks Insurance - Life Insurance industry, posted revenues of $347.28 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 1.99%. This compares to year-ago revenues of $329.89 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. The Baldwin Insurance Group shares have lost about 29.5% since the beginning of the year versus the S&P 500's gain of 1.5%. While The Baldwin Insurance Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for The Baldwin Insurance Group was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.69 on $548.56 million in revenues for the coming quarter and $1.93 on $2.04 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Life Insurance is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Citizens (CIA), is yet to report results for the quarter ended December 2025. This insurance company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +14.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Citizens' revenues are expected to be $67.89 million, up 0.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Baldwin Insurance Group, Inc. (BWIN) : Free Stock Analysis Report Citizens, Inc. (CIA) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research