Citizens, Inc. Names Seth Hoxworth Chief Risk Officer

Citizens, Inc., a leading diversified financial services company specializing in life, living benefits, and final expense insurance, has appointed Seth Hoxworth, currently the Chief Actuary, to the new role of Chief Risk Officer. This move comes as the company seeks to strengthen its enterprise risk management (ERM) framework and support its expected growth.

Hoxworth will continue to report to Jon Stenberg, President and CEO of Citizens, Inc. In his new role, Hoxworth will oversee the formalization and enhancement of the company’s ERM framework. His responsibilities will include identifying, assessing, monitoring, and managing key strategic, operational, financial, regulatory, economic, technological, and insurance-related risks across the organization. This expanded ERM framework is designed to support Citizens' long-term growth strategy by strengthening enterprise-wide risk oversight and promoting disciplined decision-making.

Hoxworth brings nearly two decades of experience in the insurance industry, having held actuarial leadership positions at leading organizations. He holds the Chartered Enterprise Risk Analyst (CERA) designation, is an Associate of the Society of Actuaries (ASA), and is a Member of the American Academy of Actuaries (MAAA). Prior to joining Citizens, Hoxworth was responsible for valuation, financial reporting, public-company readiness initiatives, SOX compliance, and strategic business planning.

As Chief Actuary, Hoxworth has been instrumental in strengthening Citizens' actuarial capabilities, supporting financial oversight, and advancing key strategic initiatives. His experience includes serving as Appointed Actuary for multi-billion-dollar insurance portfolios, leading regulatory and auditor interactions, overseeing assumption governance and reserve adequacy analysis, supporting acquisitions and integration efforts, and driving risk-aware decision-making across the enterprise.

Citizens, Inc. (NYSE: CIA) is a diversified financial services company providing life, living benefits, and final expense insurance and other financial products to individuals and small businesses in the U.S., Latin America, and Asia. Through its customer-centric growth strategy, Citizens offers innovative products to address the evolving needs of its customers in their native languages of English, Spanish, Portuguese, and Mandarin. The company operates two primary segments: International Insurance, where it is a market leader in U.S. Dollar denominated life insurance, and Domestic Insurance, where it is growing in niche markets in the United States through its final expense products distributed through white-label and established distribution channels.

The appointment reflects Citizens' continued commitment to strong corporate governance, disciplined risk oversight, and prudent capital management. Citizens' stock is included in the Russell 2000® and Russell 3000® indexes.