Citizens, Inc. · Austin, TX United States ·(NYSE: CIA)
Company Description
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This link will open in a new window Citizens aims to prepare its customers for "two of life's possibilities": living and dying. Didn't know you had a choice, eh? A large part of Citizens' strategy is providing ordinary life insurance in niche markets outside the US. Through its CICA Life Insurance Company, it issues life insurance in US dollars to wealthy individuals in Latin America and Taiwan. On the other end of the economic and life spectrum, its Home Service segment sells life insurance to lower-income individuals in Louisiana, primarily to cover final expenses and burial costs. In a macabre synergy, the company also owns a funeral home in the state. Chairman and CEO Harold Riley is the controlling shareholder of Citizens. To read the full description, subscribe now.
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Key Citizens, Inc. Financials
| Company Type | Public - NYSE: CIA Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $146.7 |
| 2008 Employees | 540 |
Citizens, Inc. Executives
17 executives listed for Citizens, Inc.'s Austin, TX location.
| Title | Name & Bio | Contact |
| Chairman and CEO | Harold Riley | Network |
| Vice Chairman, President, and Chief Corporate Officer | Rick Riley | Network |
| EVP and COO | Lawrence Welch | Network |
Competition
Competitive Landscape for Citizens, Inc.
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Citizens, Inc. Competitors
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