Citizens Inc. reports consummation of acquisition.AUSTIN, Texas--(BUSINESS WIRE)--Sept. 15, 1995--Citizens Inc. (AMEX AMEX See: American Stock Exchange :CIA CIA: see Central Intelligence Agency. (1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). ), an Austin, Texas based life insurance holding company, announced that it had consummated con·sum·mate tr.v. con·sum·mat·ed, con·sum·mat·ing, con·sum·mates 1. a. To bring to completion or fruition; conclude: consummate a business transaction. b. the acquisition of American Liberty Financial Corporation, parent of American Liberty Life Insurance Co., a Louisiana life insurer. The acquisition boosts Citizens' assets to approximately $200 million, annual revenues to approximately $70 million and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. to more than $57 million. Citizens has pending the acquisition of Insurance Investors & Holding Co. of Peoria, Ill., parent of Central Investors Life Insurance Co. of Illinois. Management expects that acquisition to be consummated during the fourth quarter of 1995. CONTACT: Citizens Inc., Austin Mark A. Oliver, 512/837-7100 |
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