CITIZENS, INC. (CIA) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 68.22% of current shares

Recent Dilution: 1.78% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

50M

Potential Supply

34M

Additional shares possible

Splits

None

Past 2 years

Summary

CIA currently has 50.3M outstanding shares. with significant dilution risk as 34.3M authorized shares could dilute existing holders by 68.2%. The company has minimally diluted shareholders by 1.78% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
May 07, 2026	10-Q filing \| 50.3M shares outstanding	50M	34M
Mar 12, 2026	10-K filing \| 50.1M shares outstanding	50M	34M
Nov 06, 2025	10-Q filing \| 50.3M shares outstanding	50M	34M
Aug 07, 2025	10-Q filing \| 50.1M shares outstanding	50M	35M
May 08, 2025	10-Q filing \| 49.9M shares outstanding	50M	35M
Mar 13, 2025	10-K filing \| 49.7M shares outstanding	50M	35M
Nov 22, 2024	S-3 filing: The company is filing an S-3 to register 5,000,000 shares of Class A common stock for issuance under the Plan, which may be purchased in the open market or directly from the company.	50M	35M
Nov 07, 2024	10-Q filing \| 49.8M shares outstanding	50M	30M
Aug 06, 2024	10-Q filing \| 49.6M shares outstanding	50M	30M
May 07, 2024	10-Q filing \| 49.6M shares outstanding	50M	30M
Mar 14, 2024	10-K filing \| 49.7M shares outstanding	50M	30M
Nov 06, 2023	10-Q filing \| 49.6M shares outstanding	50M	30M
Aug 04, 2023	10-Q filing \| 49.8M shares outstanding	50M	30M
May 08, 2023	10-Q filing \| 49.8M shares outstanding	50M	30M
Mar 10, 2023	10-K filing \| 50.1M shares outstanding	50M	29M
Nov 04, 2022	10-Q filing \| 50.1M shares outstanding	50M	30M
Aug 04, 2022	10-Q filing \| 50.4M shares outstanding	50M	29M
May 05, 2022	10-Q filing \| 50.2M shares outstanding	50M	29M
Mar 11, 2022	10-K filing \| 49.7M shares outstanding	50M	30M
Nov 10, 2021	S-3 filing: This S-3 filing registers 5,800,000 unsold shares from a previous filing, an additional 9,200,000 shares of Class A Common Stock, and 15,000,000 shares for the Citizens, Inc. Stock Investment Plan.	50M	30M
Nov 04, 2021	10-Q filing \| 49.6M shares outstanding	50M	0
Aug 04, 2021	10-Q filing \| 49.6M shares outstanding	50M	0
May 05, 2021	10-Q filing \| 49.5M shares outstanding	50M	0
Mar 10, 2021	10-K filing \| 49.4M shares outstanding	49M	0
Nov 04, 2020	10-Q filing \| 49.8M shares outstanding	50M	0
Aug 05, 2020	10-Q filing \| 49.5M shares outstanding	50M	0
May 07, 2020	10-Q filing \| 49.5M shares outstanding	49M	0
Mar 11, 2020	10-K filing \| 50.1M shares outstanding	50M	0

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