Kansas City Life Announces Second Quarter 2024 Results
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.
La Kansas City Life Insurance Company (OTCQX: KCLI) ha riportato un utile netto di 4,7 milioni di dollari o 0,49 dollari per azione nel secondo trimestre del 2024, in aumento rispetto ai 4,5 milioni di dollari o 0,46 dollari per azione nel secondo trimestre del 2023. Nei primi sei mesi del 2024, l'utile netto è stato di 6,3 milioni di dollari o 0,65 dollari per azione, un aumento notevole rispetto a 1,2 milioni di dollari o 0,13 dollari per azione nello stesso periodo del 2023. I risultati migliorati sono stati sostenuti da entrate da investimenti più elevate e minori benefici per gli assicurati e spese operative. Tuttavia, questi guadagni sono stati parzialmente compensati da entrate assicurative in calo e aumenti degli interessi accreditati ai saldi dei conti degli assicurati. La compagnia, fondata nel 1895, opera in 49 stati e nel Distretto di Columbia, concentrandosi su assicurazioni sulla vita e rendite.
La Kansas City Life Insurance Company (OTCQX: KCLI) reportó un ingreso neto de 4.7 millones de dólares o 0.49 dólares por acción en el segundo trimestre de 2024, un aumento respecto a los 4.5 millones de dólares o 0.46 dólares por acción en el segundo trimestre de 2023. En los primeros seis meses de 2024, el ingreso neto fue de 6.3 millones de dólares o 0.65 dólares por acción, un aumento significativo desde 1.2 millones de dólares o 0.13 dólares por acción en el mismo periodo de 2023. Los resultados mejorados fueron impulsados por ingresos de inversión más altos y menores beneficios para los asegurados y gastos operativos. Sin embargo, estas ganancias fueron parcialmente compensadas por ingresos de seguros en descenso y aumentos en los intereses acreditados a los saldos de las cuentas de los asegurados. La compañía, fundada en 1895, opera en 49 estados y en el Distrito de Columbia, enfocándose en seguros de vida y anualidades.
캔자스 시티 생명보험 회사(OTCQX: KCLI)는 2024년 2분기에 470만 달러의 순이익 또는 주당 0.49달러를 보고했으며, 이는 2023년 2분기의 450만 달러 또는 주당 0.46달러630만 달러 또는 주당 0.65달러였으며, 이는 2023년 같은 기간의 120만 달러 또는 주당 0.13달러에서 크게 증가한 것입니다. 개선된 결과는 높은 투자 수익과 저렴한 보험금 및 운영 비용에 의해 주도되었습니다. 그러나 이러한 이익은 보험 수익 감소와 보험계좌 잔고에 대한 이자 증가으로 부분적으로 상쇄되었습니다. 1895년에 설립된 이 회사는 49개 주와 컬럼비아 특별구에서 운영되며, 생명 보험 및 연금에 중점을 두고 있습니다.
La Kansas City Life Insurance Company (OTCQX: KCLI) a annoncé un revenu net de 4,7 millions de dollars ou 0,49 dollar par action au 2ème trimestre 2024, en hausse par rapport à 4,5 millions de dollars ou 0,46 dollar par action au 2ème trimestre 2023. Pour les six premiers mois de 2024, le revenu net était de 6,3 millions de dollars ou 0,65 dollar par action, une augmentation significative par rapport à 1,2 million de dollars ou 0,13 dollar par action sur la même période de 2023. Les résultats améliorés ont été soutenus par des revenus d'investissement plus élevés et des bénéfices pour les assurés et des dépenses opérationnelles réduites. Cependant, ces gains ont été partiellement compensés par des revenus d'assurance en baisse et des intérêts accrus crédités aux soldes des comptes des assurés. L'entreprise, fondée en 1895, opère dans 49 États et le District de Columbia, en se concentrant sur les assurances-vie et les rentes.
Die Kansas City Life Insurance Company (OTCQX: KCLI) berichtete über einen Nettoverdienst von 4,7 Millionen Dollar oder 0,49 Dollar pro Aktie im 2. Quartal 2024, ein Anstieg gegenüber 4,5 Millionen Dollar oder 0,46 Dollar pro Aktie im 2. Quartal 2023. Für die ersten sechs Monate 2024 betrug der Nettoverdienst 6,3 Millionen Dollar oder 0,65 Dollar pro Aktie, was einen signifikanten Anstieg von 1,2 Millionen Dollar oder 0,13 Dollar pro Aktie im gleichen Zeitraum 2023 darstellt. Die verbesserten Ergebnisse wurden durch höhere Investitionserträge und niedrigere Leistungen für Versicherungnehmer und Betriebskosten erzielt. Diese Gewinne wurden jedoch teilweise durch sinkende Versicherungsprämien und erhöhte Zinsen, die den Kontoständen der Versicherungnehmer gutgeschrieben werden ausgeglichen. Das Unternehmen, das 1895 gegründet wurde, ist in 49 Bundesstaaten und dem District of Columbia tätig und konzentriert sich auf Lebensversicherungen und Renten.
- Net income increased to $4.7 million in Q2 2024, up from $4.5 million in Q2 2023
- Earnings per share rose to $0.49 in Q2 2024, compared to $0.46 in Q2 2023
- First half 2024 net income significantly improved to $6.3 million from $1.2 million in 2023
- Higher investment revenues reported for both Q2 and first half of 2024
- Lower policyholder benefits and operating expenses in Q2 2024
- Insurance revenues declined in Q2 2024 compared to Q2 2023
- Increased interest credited to policyholder account balances in Q2 2024
- Operating expenses increased for the first six months of 2024
The results for the second quarter of 2024 reflected higher investment revenues and lower policyholder benefits and operating expenses compared to the second quarter of 2023. Partially offsetting these improvements, insurance revenues declined and interest credited to policyholder account balances increased.
The improvement in the first six months of 2024 compared to the prior year resulted from an increase in investment revenues and a decrease in policyholder benefits. Partially offsetting these were a decrease in insurance revenues and increases in operating expenses and interest credited to policyholder account balances.
Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in
Kansas City Life Insurance Company | |||||||||||
Condensed Consolidated Income Statement | |||||||||||
(amounts in thousands, except share data) | |||||||||||
Quarter Ended | Six Months Ended | ||||||||||
June 30 | June 30 | ||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||
Revenues | $ | 122,512 | $ | 123,952 | $ | 249,820 | $ | 249,921 | |||
Net income | $ | 4,735 | $ | 4,463 | $ | 6,289 | $ | 1,222 | |||
Net income per share, basic and | $ | 0.49 | $ | 0.46 | $ | 0.65 | $ | 0.13 | |||
Dividends paid | $ | 0.14 | $ | 0.14 | $ | 0.28 | $ | 0.28 | |||
Average number of shares | 9,683,414 | 9,683,414 | 9,683,414 | 9,683,414 | |||||||
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SOURCE Kansas City Life Insurance Company
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