CITIZENS, INC. 10-K

Item 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information. Our Class A common stock is traded on the New York Stock Exchange ("NYSE") under the symbol CIA. Our Class B common stock is not registered with the SEC nor traded on any exchange. As of December 31, 2021, we held 100% of our Class B common stock in treasury so it is no longer outstanding. Holders. The number of stockholders of record as of March 4, 2022 was as follows: • Class A Common Stock - 86,270 • Class B Common Stock - — Dividend Policy. We have never paid cash dividends on our Class A or B common stock and do not expect to pay cash dividends in the foreseeable future, as it is our policy to retain earnings for use in the operation and expansion of our business. Company Purchases of Equity Securities. We did not repurchase any shares of our Class A common stock during the fourth quarter of 2021. See Part III. Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters for equity compensation plan information. PERFORMANCE COMPARISON The following graph compares, for the five-year period ended December 31, 2021, the change in the Company’s cumulative total stockholder return on its Class A common stock to that of the NYSE Composite and NASDAQ Insurance indexes. The graph assumes a $100 investment on December 31, 2016, and reinvestment of all dividends in each of the Company’s Class A common stock, the NYSE Composite and the NASDAQ Insurance Index. Note that historical stock price performance is not necessarily indicative of future stock price performance. 2016 2017 2018 2019 2020 2021 Citizens, Inc. $ 100.00 74.85 76.58 68.74 58.35 54.07 NYSE Composite $ 100.00 118.73 108.10 135.68 145.16 175.18 NASDAQ Insurance $ 100.00 113.68 102.76 136.99 137.65 158.73 December 31, 2021 | 10-K 30 Table of Contents CITIZENS, INC. Item 6. [ RESERVED] December 31, 2021 | 10-K 31 Table of Contents CITIZENS, INC.