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Stockholders' Equity and Restrictions
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Stockholders' Equity Note Disclosure STOCKHOLDERS' EQUITY AND RESTRICTIONS
STOCK

Our Restated and Amended Articles of Incorporation authorize the issuance of 127,000,000 shares, of which 100,000,000 shares shall be Class A common stock, 2,000,000 shares shall be Class B common stock, and 25,000,000 shall be preferred stock. Both authorized classes of common stock are equal in all respects, except (a) each share of Class A common stock is entitled to receive twice the cash dividends paid on a per share basis to the Class B common stock, if any; and (b) the holders of the Class B common stock have the exclusive right to elect a simple majority of the Board of Directors of Citizens. Citizens currently has no outstanding preferred stock or Class B common stock other than that held in treasury.

A summary of the change in the number of shares of Class A common stock and treasury stock issued is as follows:

20252024
Six Months Ended June 30,
(In thousands)
Common Stock Class A
Treasury Stock
Common Stock Class ATreasury Stock
Balance at beginning of year54,235 5,330 53,883 5,330 
Stock issued for compensation331 — 163 — 
Balance at end of period54,566 5,330 54,046 5,330 

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share.
Three Months Ended June 30,20252024
(In thousands, except per share amounts)
Basic and diluted earnings per share:
  
Numerator:  
Net income (loss)
$6,459 3,959 
Net income (loss) allocated to Class A common stock
$6,459 3,959 
Denominator:  
Weighted average shares of Class A outstanding - basic50,112 49,639 
Weighted average shares of Class A outstanding - diluted50,985 50,809 
Basic and diluted earnings per share of Class A common stock
$0.13 0.08 
Six Months Ended June 30,20252024
(In thousands, except per share amounts)
Basic and diluted earnings per share:
Numerator:
Net income (loss)
$4,836 8,501 
Net income (loss) allocated to Class A common stock
$4,836 8,501 
Denominator:
Weighted average shares of Class A outstanding - basic50,024 49,606 
Weighted average shares of Class A outstanding - diluted
50,897 50,775 
Basic and diluted earnings per share of Class A common stock
$0.10 0.17 

STATUTORY CAPITAL AND SURPLUS

Each of our domestic regulated insurance subsidiaries is required to meet stipulated regulatory capital requirements imposed by the U.S. National Association of Insurance Commissioners ("NAIC"). All domestic insurance subsidiaries exceeded the minimum capital requirements at June 30, 2025. On March 27, 2024, Citizens and the Colorado Division of Insurance entered into a capital maintenance agreement that specifies that Citizens will infuse capital as needed to ensure that CICA Domestic's RBC remains above 350%. As CICA Domestic's RBC exceeded 350% at June 30, 2025, no capital contribution was necessary.

CICA International is a Puerto Rico domiciled company. The Insurance Code of Puerto Rico does not specifically set forth minimum capital and surplus standards, but rather requires that an insurer submit a business plan for approval to the Office of the Commissioner of Insurance ("OIC") that includes proposed minimum capital and surplus. CICA International is required to maintain a minimum of $750,000 in capital and maintain a premium to surplus ratio of 7 to 1. At June 30, 2025, CICA International's capital exceeds both of the required minimum capital and related ratio.