CIA

• Total revenues were $60.4 million in Q2 2026, down from $65.1 million in Q2 2025.
• Net loss was $0.4 million in Q2 2026, compared to net income of $6.5 million in Q2 2025.
• Book value per Class A share increased to $4.64 at June 30, 2026, from $4.56 a year earlier.
• The company expects positive net cash provided by operating activities for the remainder of 2026.

2.02 Results of Operations and Financial Condition

• At the June 16, 2026 Annual Meeting, shareholders elected all seven director nominees to the Board of Directors.
• The non-binding advisory Say-On-Pay proposal was approved with approximately 99% of votes cast in favor.
• The amended and restated Omnibus Incentive Plan was approved with approximately 98% of votes cast in favor.
• The report was filed under Item 5.07 to disclose the voting results of the matters submitted to shareholders.

5.07 Submission of Matters to a Vote of Security Holders

• Total revenues for Q1 2026 were $59.7 million, up 7% from $55.7 million in Q1 2025.
• Adjusted total revenues were $58.7 million in Q1 2026, up from $58.5 million in Q1 2025.
• The company expects revenue and profit growth for the full year 2026.
• First year premiums have increased year-over-year for fourteen consecutive quarters.

2.02 Results of Operations and Financial Condition

• Full-year 2025 total revenues were $255.6 million, up from $245.0 million in 2024.
• Q4 2025 total revenues were a record $72.1 million, up from $63.5 million in Q4 2024.
• Book value per Class A share was $4.67 at December 31, 2025, up from $4.21 a year earlier.
• Company expects revenue and profit growth for full year 2026.

2.02 Results of Operations and Financial Condition

• On March 5, 2026, the Board of Directors of Citizens, Inc. approved an amendment to the Executive Employment Agreement with CEO Jon Stenberg.
• The target bonus for the Annual Bonus Opportunity beginning in 2026 increases from $400,000 to $480,000.
• The target bonus for the Long-Term Incentive beginning in 2026 increases from $450,000 to $540,000.
• The amendment aims to align compensation with peer group and market data for retention and motivation.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Michael Harwood was elected to the Board of Directors on November 6, 2025, filling a vacancy.
• He previously served as Senior VP and Chief Actuary at AIG Life & Retirement (2013-2023) and MetLife (2004-2013).
• The company also reported Q3 2025 financial results, including total revenues of $62.8 million and net income of $2.4 million.

2.02 Results of Operations and Financial Condition · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements

• Net income for Q2 2025 was $6.5 million, or $0.13 per fully diluted Class A share, compared to $4.0 million, or $0.08 per share, in Q2 2024.
• Total direct insurance in force reached a record $5.35 billion at June 30, 2025, up 4.4% year-over-year.
• Producing agents increased 53% since June 30, 2024, and 28% since year-end 2024.
• The company expects revenue and profit growth for the full year 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The 2025 Annual Meeting of Shareholders was held on June 17, 2025, with a quorum present.
• Shareholders ratified Grant Thornton LLP as independent auditor for 2025 with 97% of votes cast in favor.
• The non-binding advisory Say-On-Pay proposal was approved with 80% of votes cast in favor.
• The report was filed under Item 5.07 to disclose the results of these shareholder votes.

5.07 Submission of Matters to a Vote of Security Holders