Table of Contents CITIZENS, INC. AND CONSOLIDATED SUBSIDIARIES Notes to Consolidated Financial Statements, Continued For fixed maturity and equity security investments that have unrealized losses as of December 31, 2017, the cost, gross unrealized losses that have been in a continuous unrealized loss position for less than 12 months, gross unrealized losses that have been in a continuous unrealized loss position for 12 months or longer and fair value are as follows. The amortized cost and fair value of fixed maturities at December 31, 2018 by contractual maturity are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date have been reflected based upon the final stated maturity. 92 December 31, 2017 Less than 12 months Greater than 12 months Total Fair Value Unrealized Losses # of Securities Fair Value Unrealized Losses # of Securities Fair Value Unrealized Losses # of Securities (In thousands, except for # of securities) Fixed maturities: Available-for-sale securities: States and political subdivisions $ 49,408 312 46 47,233 1,228 46 96,641 1,540 92 Corporate 61,071 732 39 7,651 820 10 68,722 1,552 49 Residential mortgage-backed 132 3 4 157 2 4 289 5 8 Total available-for- sale securities 110,611 1,047 89 55,041 2,050 60 165,652 3,097 149 Held-to-maturity securities: States and political subdivisions 14,178 45 15 7,460 584 14 21,638 629 29 Corporate — — — 2,169 658 2 2,169 658 2 Total held-to-maturity securities 14,178 45 15 9,629 1,242 16 23,807 1,287 31 Total fixed maturities $ 124,789 1,092 104 64,670 3,292 76 189,459 4,384 180 Equity securities: Redeemable preferred stock $ 95 6 1 — — — 95 6 1 Total equities $ 95 6 1 — — — 95 6 1 Cost or Amortized Cost Fair Value (In thousands) Fixed maturity securities: Due in one year or less $ 64,803 64,833 Due after one year through five years 145,979 147,186 Due after five years through ten years 215,349 217,143 Due after ten years 797,616 801,877 Total available-for-sale securities $ 1,223,747 1,231,039 The Company had no investments in any one entity which exceeded 10% of stockholders' equity at December 31, 2018. In addition, there were no investments that were non-income producing for the year ended December 31, 2018.