Key Developments: Citizens Inc (CIA.N)

CIA.N on New York Stock Exchange

19 Dec 2014
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$0.04 (+0.50%)
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Latest Key Developments (Source: Significant Developments)

Citizens Inc's subsidiary completes purchase of Magnolia Guaranty Life Insurance Co
Tuesday, 11 Mar 2014 04:37pm EDT 

Citizens Inc:Says Security Plan Life Co, subsidiary, completed the purchase of Magnolia Guaranty Life Insurance Co for $5.23 mln.Security Plan paid cash in exchange for 409,553 shares of Magnolia capital stock outstanding.  Full Article

Citizens Inc Reports Acquisition Of Magnolia Guaranty Life
Monday, 7 Oct 2013 06:29pm EDT 

Citizens Inc announced that its wholly owned subsidiary, Security Plan Life Insurance Company has reached a definitive agreement to acquire Magnolia Guaranty Life Insurance Company (Magnolia Guaranty) of Ridgeland, Mississippi, for $5.23 million. Magnolia Guaranty has 409,553 shares of capital stock outstanding. Closing is expected during the fourth quarter of 2013, following completion of requisite due diligence and regulatory approvals.  Full Article

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