Welcome to our dedicated page for Kansas City Life Insurance news (Ticker: KCLI), a resource for investors and traders seeking the latest updates and insights on Kansas City Life Insurance stock.
Kansas City Life Insurance Company (NASDAQ: KCLI) provides essential financial protection through life insurance and annuity products across 49 U.S. states. This news hub offers investors and policyholders centralized access to official corporate developments and market-moving updates.
Track critical announcements including quarterly earnings reports, product innovations, and strategic initiatives that shape KCLI's position in the insurance sector. Our curated news collection simplifies monitoring regulatory filings, leadership changes, and dividend declarations while maintaining strict factual accuracy.
Regular updates cover operational milestones like new policy launches, risk management enhancements, and investment portfolio performance. Bookmark this page for efficient tracking of KCLI's evolving market strategies and industry responses through verified press releases and objective third-party analysis.
Kansas City Life Insurance Company (KCLI) reported a significant financial downturn in Q4 2024, posting a net loss of $12.6 million ($1.30 per share), compared to a net income of $49.1 million ($5.07 per share) in Q4 2023.
The decline was attributed to multiple factors including:
- Lower insurance revenues
- Reduced net investment gains
- Higher operating expenses, including a $21.1 million pretax legal reserve for class action lawsuits
- Realized losses from portfolio repositioning in 2024
For the full year 2024, KCLI recorded a net loss of $5.0 million ($0.51 per share), versus net income of $54.9 million ($5.67 per share) in 2023. While net investment income increased and policyholder benefits declined, these positives were offset by decreased insurance revenues and increased interest credited on policyholder account balances.
Kansas City Life Insurance Company (KCLI) has announced its quarterly dividend declaration. The Board of Directors declared a dividend of $0.14 per share on January 27, 2025. The dividend will be paid on February 12, 2025, to stockholders of record as of February 6, 2025.
The company, established in 1895 and headquartered in Kansas City, Missouri, focuses on providing financial protection through life insurance and annuity products. KCLI maintains operations across 49 states and the District of Columbia.
Kansas City Life Insurance Company (KCLI) reported Q3 2024 net income of $1.3 million ($0.14 per share), down from $4.6 million ($0.47 per share) in Q3 2023. However, nine-month results improved with net income of $7.6 million ($0.79 per share) compared to $5.8 million ($0.60 per share) in 2023. Q3 performance was impacted by lower insurance revenues and higher policyholder benefits, while benefiting from increased net investment income and gains. The company maintained quarterly dividends at $0.14 per share.
Kansas City Life Insurance Company (KCLI) has announced a quarterly dividend of $0.14 per share, as declared by its Board of Directors on October 28, 2024. The dividend will be paid on November 13, 2024, to stockholders of record as of November 7, 2024. The company, established in 1895 and headquartered in Kansas City, Missouri, specializes in providing financial protection through life insurance and annuity products across 49 states and the District of Columbia.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of Kansas City Life Insurance Company (KCL) [OTCQX: KCLI]. The outlook revision reflects an easing of balance sheet pressure, as management has executed on capital plans that have enhanced the companies' level of available capital and risk-adjusted capitalization. KCL's risk-based capital ratio has returned to historical levels.
AM Best also revised the outlook of the Long-Term ICR to stable from negative for Old American Insurance Company, a wholly owned subsidiary of KCL. The ratings of KCL reflect its very strong balance sheet strength, marginal operating performance, neutral business profile, and appropriate enterprise risk management. AM Best expects KCL and Old American to maintain their capitalization levels but will monitor the impact of shareholder dividends and ongoing litigation related to universal life cost-of-insurance policyowner charges.
Kansas City Life Insurance Company (OTCQX: KCLI) reported net income of $4.7 million or $0.49 per share in Q2 2024, up from $4.5 million or $0.46 per share in Q2 2023. For the first six months of 2024, net income was $6.3 million or $0.65 per share, a significant increase from $1.2 million or $0.13 per share in the same period of 2023. The improved results were driven by higher investment revenues and lower policyholder benefits and operating expenses. However, these gains were partially offset by declining insurance revenues and increased interest credited to policyholder account balances. The company, established in 1895, operates in 49 states and the District of Columbia, focusing on life insurance and annuities.
Kansas City Life Insurance Company (OTCQX: KCLI) has appointed Eileen M. Hutchinson to its Board of Directors, effective July 22, 2024. Hutchinson, a retired Vice President of Finance and CFO of GEHA, will also join the Audit Committee. She brings extensive experience in finance and accounting, including roles at Epoch Group, Blue Cross Blue Shield, and in public accounting. Hutchinson is a CPA with a CGMA designation and has served on various boards and committees since her retirement.
Chairman R. Philip Bixby expressed confidence that Hutchinson's expertise in financial services will benefit the company. She fills the vacancy created by Cecil R. Miller's retirement, with the term expiring in April 2025. Kansas City Life, established in 1895, operates in 49 states and D.C., focusing on life insurance and annuities.
Kansas City Life Insurance Company (OTCQX: KCLI) has announced a quarterly dividend of $0.14 per share, as declared by its Board of Directors on July 22, 2024. The dividend is set to be paid on August 7, 2024, to stockholders of record as of August 1, 2024. Kansas City Life, established in 1895 and headquartered in Kansas City, Missouri, primarily focuses on providing financial protection through life insurance and annuity sales. The company currently operates across 49 states and the District of Columbia.
Kansas City Life Insurance Company announced its first quarter 2024 results, reporting a net income of $1.6 million or $0.16 per share, a significant improvement from the net loss of $3.2 million or $0.33 per share in the first quarter of 2023. The positive impact was driven by a decrease in policyholder benefits, an increase in investment revenues, and contract charges.
