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Stockholders' Equity and Restrictions (Tables)

12 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

Schedule of Stock by Class [Table Text Block]

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


(In thousands)	Common Stock		Treasury
	Class A	Class B	Stock
Balance at December 31, 2017	52,216	1,002	(3,136)
Change	—	—	—
Balance at December 31, 2018	52,216	1,002	(3,136)
Change	149	—	—
Balance at December 31, 2019	52,365	1,002	(3,136)
Change	289	—	—
Balance at December 31, 2020	52,654	1,002	(3,136)

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted earnings per share.


Years ended December 31, (In thousands, except per share amounts)	2020		2019	2018
Basic and diluted earnings per share:
Numerator:
Net loss	$	(10,988)	(1,370)	(11,062)
Net loss allocated to Class A common stock	$	(10,878)	(1,356)	(10,950)
Net loss allocated to Class B common stock	(110)		(14)	(112)
Net loss	$	(10,988)	(1,370)	(11,062)
Denominator:
Weighted average shares of Class A outstanding - basic	49,400		49,214	49,080
Weighted average shares of Class A outstanding - diluted	49,938		49,347	49,139
Weighted average shares of Class B outstanding - basic and diluted	1,002		1,002	1,002
Total weighted average shares outstanding - basic	50,402		50,216	50,082
Total weighted average shares outstanding - diluted	50,940		50,349	50,141
Basic and diluted loss per share of Class A common stock	$	(0.22)	(0.03)	(0.22)
Basic and diluted loss per share of Class B common stock	(0.11)		(0.01)	(0.11)

Statutory Accounting Practices Disclosure

The table below shows the combined total of all of our domestic insurance subsidiaries' statutory capital and surplus and statutory net income (loss) for life insurance operations and property insurance operations, although these amounts are not all available as dividends to Citizens because only CICA is directly owned by Citizens. All other domestic subsidiaries are owned by CICA.


Years ended December 31, (In thousands)	2020		2019
Combined statutory capital and surplus
Life insurance operations	$	39,633	40,932
Property insurance operations	4,810		6,298
Total combined statutory capital and surplus	$	44,443	47,230


Years ended December 31, (In thousands)	2020		2019	2018
Combined statutory net income (loss)
Life insurance operations	$	9,458	(1,200)	17,872
Property insurance operations	(1,985)		(451)	(269)
Total combined statutory net income (loss)	$	7,473	(1,651)	17,603

Accounting Practices Disclosure

However, the BMA has requested that CICA Ltd. notify the Authority in advance of any potential dividend payments and any intercompany related payments or transactions.


Years ended December 31, (In thousands)	2020		2019
CICA Ltd. capital and surplus	$	158,447	94,322


Years ended December 31, (In thousands)	2020		2019	2018

CICA Ltd. net income (loss)	$	9,000	7,649	9,100

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

+ References

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+ Details

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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