CITIZENS, INC. — Director's Dealing 2007

Feb 9, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: CITIZENS INC (CIA)
CIK: 0000024090
Period of Report: 2006-12-31

Reporting Person: RILEY RICK D (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-30	Citizens, Inc. Class A Common Stock	L	178.2277	$5.61	Acquired	498245.8403	Direct
2006-02-06	Citizens, Inc. Class A Common Stock	L	190.3384	$5.25	Acquired	498436.1787	Direct
2006-03-06	Citizens, Inc. Class A Common Stock	L	188.3239	$5.31	Acquired	498624.5026	Direct
2006-04-10	Citizens, Inc. Class A Common Stock	L	184.3352	$5.42	Acquired	498808.8378	Direct
2006-05-10	Citizens, Inc. Class A Common Stock	L	187.3291	$5.33	Acquired	498996.1669	Direct
2006-06-06	Citizens, Inc. Class A Common Stock	L	194.0278	$5.15	Acquired	499190.1947	Direct
2006-07-14	Citizens, Inc. Class A Common Stock	L	190.6661	$5.24	Acquired	499380.8608	Direct
2006-08-08	Citizens, Inc. Class A Common Stock	L	189.0359	$5.29	Acquired	499569.8967	Direct
2006-09-08	Citizens, Inc. Class A Common Stock	L	179.0101	$5.58	Acquired	499748.9068	Direct
2006-10-04	Citizens, Inc. Class A Common Stock	L	170.8642	$5.85	Acquired	499919.771	Direct
2006-11-08	Citizens, Inc. Class A Common Stock	L	152.9988	$6.53	Acquired	500072.7698	Direct
2006-12-07	Citizens, Inc. Class A Common Stock	L	148.1174	$6.75	Acquired	495011.8872	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Citizens, Inc. Class A Common Stock	15774	Indirect
Citizens, Inc. Class A Common Stock	30804	Indirect
Citizens, Inc. Class A Common Stock	315549	Indirect

Footnotes

F1: These shares were purchased through the Citizens Stock Investment Plan as part of regular monthly payroll deduction.