Analyst Summary: Citizens Inc. has reported financial results for Q4 2022 and FY2022. The company experienced record levels of insurance issued in FY2022, driven by new product offerings, improved distribution, and better policy retention. However, non-core, non-cash investment-related losses impacted 2022 results, due to inflation and market volatility. The company remains focused on delivering efficient products to the right customers, and saw strong demand for its new life insurance products. The Life Insurance segment experienced strong growth, while the Home Service Insurance segment was negatively impacted by inflation. The company introduced new products and product enhancements in 2022, and also shifted its international business to Puerto Rico to drive sales and improve policy retention. Adjusted Operating Income is a metric utilized by management to evaluate underlying profitability and enhance comparability across periods. Citizens presented forward-looking statements regarding the impact of COVID-19 and the company's business performance, which could be impacted by risks, uncertainties, and assumptions beyond the company's control.