XML 64 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Investments Including Short Term And Cash And Cash Equivalents [Abstract] |
Investments Including Short Term And Cash And Cash Equivalents [Table Text Block] |
Carrying Value as of December 31, (In thousands, except for %) | 2023 |  | % |  | 2022 |  | %
Cash and invested assets: |  |  |  |  |  |  |
Fixed maturity securities | $ | 1,238,981 |  |  | 86.7 | % |  | $ | 1,179,619 |  |  | 86.5 | %
Equity securities | 5,282 |  |  | 0.4 |  |  | 11,590 |  |  | 0.8 |
Policy loans | 75,359 |  |  | 5.3 |  |  | 78,773 |  |  | 5.8 |
Other long-term investments | 82,725 |  |  | 5.8 |  |  | 69,558 |  |  | 5.1 |
Short-term investments | — |  |  | — |  |  | 1,241 |  |  | 0.1 |
Cash and cash equivalents | 26,997 |  |  | 1.8 |  |  | 22,973 |  |  | 1.7 |
Total cash and invested assets | $ | 1,429,344 |  |  | 100.0 | % |  | $ | 1,363,754 |  |  | 100.0 | %
Debt Securities, Unrealized Gain (Loss) on Investments [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following table represents the amortized cost, gross unrealized gains and losses and fair value of fixed maturity securities as of December 31, 2023 and 2022.
December 31, 2023 (In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Fixed maturity securities: |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 5,983 |  |  | 127 |  |  | 48 |  |  | 6,062 |
U.S. Government-sponsored enterprises | 3,404 |  |  | 250 |  |  | 1 |  |  | 3,653 |
States and political subdivisions | 314,203 |  |  | 2,160 |  |  | 29,132 |  |  | 287,231 |
Corporate: |  |  |  |  |  |  |
Financial | 266,485 |  |  | 2,066 |  |  | 31,255 |  |  | 237,296 |
Consumer | 250,672 |  |  | 2,145 |  |  | 37,094 |  |  | 215,723 |
Utilities | 123,625 |  |  | 615 |  |  | 20,253 |  |  | 103,987 |
Energy | 73,808 |  |  | 64 |  |  | 8,049 |  |  | 65,823 |
All other | 185,153 |  |  | 956 |  |  | 21,331 |  |  | 164,778 |
Commercial mortgage-backed | 171 |  |  | — |  |  | — |  |  | 171 |
Residential mortgage-backed | 107,174 |  |  | 9 |  |  | 10,060 |  |  | 97,123 |
Asset-backed | 58,360 |  |  | 290 |  |  | 1,516 |  |  | 57,134 |
Total fixed maturity securities | $ | 1,389,038 |  |  | 8,682 |  |  | 158,739 |  |  | 1,238,981 |
December 31, 2022 (In thousands) | Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Fixed maturity securities: |  |  |  |  |  |  |
Available-for-sale: |  |  |  |  |  |  |
U.S. Treasury securities | $ | 9,425 |  |  | 152 |  |  | 9 |  |  | 9,568 |
U.S. Government-sponsored enterprises | 3,434 |  |  | 277 |  |  | 1 |  |  | 3,710 |
States and political subdivisions | 344,208 |  |  | 1,114 |  |  | 37,964 |  |  | 307,358 |
Corporate: |  |  |  |  |  |  |
Financial | 243,758 |  |  | 512 |  |  | 42,383 |  |  | 201,887 |
Consumer | 247,824 |  |  | 758 |  |  | 47,138 |  |  | 201,444 |
Utilities | 115,738 |  |  | 39 |  |  | 23,790 |  |  | 91,987 |
Energy | 76,065 |  |  | — |  |  | 11,395 |  |  | 64,670 |
All other | 184,022 |  |  | 683 |  |  | 29,048 |  |  | 155,657 |
Commercial mortgage-backed | 171 |  |  | — |  |  | 2 |  |  | 169 |
Residential mortgage-backed | 110,582 |  |  | 9 |  |  | 10,765 |  |  | 99,826 |
Asset-backed | 45,991 |  |  | 18 |  |  | 2,767 |  |  | 43,242 |
Foreign governments | 100 |  |  | 1 |  |  | — |  |  | 101 |
Total fixed maturity securities | $ | 1,381,318 |  |  | 3,563 |  |  | 205,262 |  |  | 1,179,619 |
Schedule of Equity Securities [Table Text Block] | Most of the Company's equity securities are invested in a non-redeemable preferred stock fund at December 31, 2023.
Fair Value as of December 31, (In thousands) | 2023 |  | 2022
Equity securities: |  |  |
Stock mutual funds | $ | — |  |  | 2,615 |
Bond mutual funds | 740 |  |  | 4,337 |
Common stock | 665 |  |  | 857 |
Non-redeemable preferred stock | 7 |  |  | 8 |
Non-redeemable preferred stock fund | 3,870 |  |  | 3,773 |
Total equity securities | $ | 5,282 |  |  | 11,590 |
Unrealized Continuous Losses on Investments [Abstract] |
Schedule of Unrealized Loss on Investments [Table Text Block] | For fixed maturity security investments that have unrealized losses as of December 31, 2023 and 2022, the gross unrealized losses and related fair values that have been in a continuous unrealized loss position by timeframe are as follows.
December 31, 2023 | Less than 12 months | Greater than 12 months | Total
(In thousands, except for # of securities) | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities
Fixed maturity securities: |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | 1,203 |  | 40 |  | 5 |  | 65 |  | 8 |  | 2 |  | 1,268 |  | 48 |  | 7 |
U.S. Government-sponsored enterprises | 221 |  | 1 |  | 1 |  | — |  | — |  | — |  | 221 |  | 1 |  | 1 |
States and political subdivisions | 19,540 |  | 357 |  | 35 |  | 164,264 |  | 28,775 |  | 192 |  | 183,804 |  | 29,132 |  | 227 |
Corporate: |  |  |  |  |  |  |  |  |
Financial | 12,584 |  | 383 |  | 19 |  | 176,521 |  | 30,872 |  | 217 |  | 189,105 |  | 31,255 |  | 236 |
Consumer | 10,175 |  | 265 |  | 16 |  | 176,725 |  | 36,829 |  | 223 |  | 186,900 |  | 37,094 |  | 239 |
Utilities | 3,596 |  | 66 |  | 20 |  | 85,169 |  | 20,187 |  | 137 |  | 88,765 |  | 20,253 |  | 157 |
Energy | 3,291 |  | 57 |  | 1 |  | 59,392 |  | 7,992 |  | 76 |  | 62,683 |  | 8,049 |  | 77 |
All Other | 7,864 |  | 185 |  | 10 |  | 141,865 |  | 21,146 |  | 169 |  | 149,729 |  | 21,331 |  | 179 |
Residential mortgage-backed | 849 |  | 38 |  | 5 |  | 95,806 |  | 10,022 |  | 86 |  | 96,655 |  | 10,060 |  | 91 |
Asset-backed | 4,757 |  | 111 |  | 8 |  | 32,764 |  | 1,405 |  | 40 |  | 37,521 |  | 1,516 |  | 48 |
Total fixed maturity securities | $ | 64,080 |  | 1,503 |  | 120 |  | 932,571 |  | 157,236 |  | 1,142 |  | 996,651 |  | 158,739 |  | 1,262 |
December 31, 2022 | Less than 12 months | Greater than 12 months | Total
(In thousands, except for # of securities) | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities | Fair Value | Unrealized Losses | # of Securities
Fixed maturity securities: |  |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |  |  |
U.S. Treasury securities | $ | — |  | — |  | — |  | 64 |  | 9 |  | 2 |  | 64 |  | 9 |  | 2 |
U.S. Government-sponsored enterprises | 223 |  | 1 |  | 1 |  | — |  | — |  | — |  | 223 |  | 1 |  | 1 |
States and political subdivisions | 189,084 |  | 30,866 |  | 242 |  | 14,184 |  | 7,098 |  | 14 |  | 203,268 |  | 37,964 |  | 256 |
Corporate: |  |  |  |  |  |  |  |  |
Financial | 182,447 |  | 39,122 |  | 237 |  | 6,144 |  | 3,261 |  | 16 |  | 188,591 |  | 42,383 |  | 253 |
Consumer | 164,224 |  | 34,823 |  | 220 |  | 23,417 |  | 12,315 |  | 30 |  | 187,641 |  | 47,138 |  | 250 |
Utilities | 73,483 |  | 15,959 |  | 152 |  | 16,413 |  | 7,831 |  | 18 |  | 89,896 |  | 23,790 |  | 170 |
Energy | 59,053 |  | 9,601 |  | 75 |  | 5,617 |  | 1,794 |  | 8 |  | 64,670 |  | 11,395 |  | 83 |
All Other | 140,955 |  | 25,337 |  | 171 |  | 7,910 |  | 3,711 |  | 15 |  | 148,865 |  | 29,048 |  | 186 |
Commercial mortgage-backed | 168 |  | 2 |  | 2 |  | — |  | — |  | — |  | 168 |  | 2 |  | 2 |
Residential mortgage-backed | 98,758 |  | 10,514 |  | 95 |  | 759 |  | 251 |  | 5 |  | 99,517 |  | 10,765 |  | 100 |
Asset-backed | 37,067 |  | 2,485 |  | 41 |  | 4,264 |  | 282 |  | 9 |  | 41,331 |  | 2,767 |  | 50 |
Total fixed maturity securities | $ | 945,462 |  | 168,710 |  | 1,236 |  | 78,772 |  | 36,552 |  | 117 |  | 1,024,234 |  | 205,262 |  | 1,353 |
Schedule of Fixed Maturities [Abstract] |
Investments Classified by Contractual Maturity Date [Table Text Block] | The amortized cost and fair value of fixed maturity securities at December 31, 2023 by contractual maturity are shown in the table below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date have been reflected based upon final stated maturity.
(In thousands) | Amortized Cost |  | Fair Value
Fixed maturity securities: |  |  |
Due in one year or less | $ | 11,055 |  |  | 11,017 |
Due after one year through five years | 122,681 |  |  | 121,443 |
Due after five years through ten years | 296,313 |  |  | 290,023 |
Due after ten years | 958,989 |  |  | 816,498 |
Total fixed maturity securities | $ | 1,389,038 |  |  | 1,238,981 |
Debt and Equity Securities, Realized Gain (Loss) [Abstract] |
Schedule of Realized Gain (Loss) [Table Text Block] | The Company uses the specific identification method of the individual security to determine the cost basis used in the calculation of realized gains and losses related to security sales.
Years ended December 31, (In thousands) | 2023 |  | 2022 |  | 2021
Fixed maturity securities, available-for-sale: |  |  |  |  |
Proceeds | $ | 29,883 |  |  | 33,914 |  |  | 8,238 |
Gross realized gains | 53 |  |  | 120 |  |  | 189 |
Gross realized losses | 602 |  |  | 112 |  |  | 1 |
Equity securities: |  |  |  |  |
Proceeds | $ | 6,631 |  |  | 500 |  |  | 7,383 |
Gross realized gains | 568 |  |  | 44 |  |  | — |
Gross realized losses | 55 |  |  | — |  |  | 149 |
Investment Income [Table Text Block] | Major categories of net investment income are summarized as follows:
Years ended December 31, (In thousands) | 2023 |  | 2022 |  | 2021
Gross investment income: |  |  |  |  |
Fixed maturity securities | $ | 60,127 |  |  | 58,400 |  |  | 55,579 |
Equity securities | 630 |  |  | 650 |  |  | 1,024 |
Policy loans | 6,011 |  |  | 6,189 |  |  | 6,420 |
Other long-term investments | 4,509 |  |  | 2,535 |  |  | 809 |
Other | 576 |  |  | 246 |  |  | 54 |
Total investment income | 71,853 |  |  | 68,020 |  |  | 63,886 |
Investment expenses | (2,599) |  |  | (2,594) |  |  | (2,391) |
Net investment income | $ | 69,254 |  |  | 65,426 |  |  | 61,495 |
Realized Gain (Loss) on Investments [Table Text Block] | Investment related gains (losses) are as follows:
Years ended December 31, (In thousands) | 2023 |  | 2022 |  | 2021
Investment related gains (losses): |  |  |  |  |
Sales, calls and maturities: |  |  |  |  |
Fixed maturity securities | $ | (756) |  |  | (104) |  |  | 243 |
Equity securities | 513 |  |  | 62 |  |  | (152) |
Real estate | — |  |  | — |  |  | 981 |
Property and equipment | — |  |  | — |  |  | 13 |
Other long-term investments | 342 |  |  | 2,320 |  |  | 1,892 |
Investment related gains (losses) | 99 |  |  | 2,278 |  |  | 2,977 |
Change in fair value of equity securities | (190) |  |  | (2,665) |  |  | 376 |
Change in fair value of limited partnerships | 912 |  |  | (9,667) |  |  | 7,452 |
Change in credit loss allowance | (61) |  |  | (237) |  |  | 186 |
Net investment related gains (losses) | $ | 760 |  |  | (10,291) |  |  | 10,991 |

X
- Definition Investments Including Short Term And Cash And Cash Equivalents + References No definition available. + Details
Name: | cia_InvestmentsIncludingShortTermAndCashAndCashEquivalentsAbstract
Namespace Prefix: | cia_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular Disclosure of Carrying Value and Percentage to Total Carrying Value of investments Including Short Term And Cash And Cash Equivalents [Table Text Block] + References No definition available. + Details
Name: | cia_InvestmentsIncludingShortTermAndCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | cia_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Fixed Maturities [Abstract] + References No definition available. + Details
Name: | cia_ScheduleOfFixedMaturitiesAbstract
Namespace Prefix: | cia_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities, consisting of investments in equity securities + References No definition available. + Details
Name: | cia_ScheduleofEquitySecuritiesTableTextBlock
Namespace Prefix: | cia_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Unrealized Continuous Losses on Investments [Abstract] + References No definition available. + Details
Name: | cia_UnrealizedContinuousLossesOnInvestmentsAbstract
Namespace Prefix: | cia_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtAndEquitySecuritiesRealizedGainLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtSecuritiesUnrealizedGainLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + References No definition available. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
Name: | us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-9 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481800/320-10-50-6 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
Name: | us-gaap_UnrealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration