KANSAS CITY LIFE INS NEW - KCLI STOCK NEWS

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.

Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on April 22, 2024. The dividend will be payable on May 8, 2024. Established in 1895, the company provides financial protection through life insurance and annuities in 49 states and the District of Columbia.

Kansas City Life Insurance Company reported a significant turnaround in its financial performance in the fourth quarter of 2023, with a net income of $49.1 million compared to a net loss of $17.3 million in the same period of 2022. The improvement was driven by a substantial increase in realized investment gains, particularly from real estate sales. Additionally, net investment income rose, and operating expenses decreased. For the full year 2023, the company achieved a net income of $54.9 million, a stark contrast to the net loss of $16.2 million in 2022. This positive outcome was supported by higher investment gains, increased investment income, reduced costs, and lower operating expenses.

Kansas City Life Insurance Company (KCLI) declared a quarterly dividend of $0.14 per share on Jan. 22, 2024. The dividend will be payable on Feb. 7, 2024, to stockholders of record on Feb. 1, 2024. Established in 1895, the company provides financial protection through the sale of life insurance and annuities, operating in 49 states and the District of Columbia.