Kansas City Life Insurance Co (PK:KCLI)
Business Focus: Life Insurance
Apr 26, 2024 01:04 pm ET
Kansas City Life Announces First Quarter 2024 Results
KANSAS CITY, Mo., April 26, 2024 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $1.6 million or $0.16 per share in the first quarter of 2024 compared to a net loss of $3.2 million or $0.33 per share in the first quarter of 2023.
Apr 22, 2024 06:31 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., April 22, 2024 /PRNewswire/ -- The Board of Directors of 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, to stockholders of record on May 2, 2024.
Jan 22, 2024 08:22 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Jan. 22, 2024 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company 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.
Dec 15, 2023 11:49 am ET
Kansas City Life Announces Sale of Real Estate
KANSAS CITY, Mo., Dec. 15, 2023 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") has completed the sale of a certain real estate asset effective December 13, 2023.
Nov 15, 2023 12:02 pm ET
Kansas City Life Announces Sale of Real Estate
KANSAS CITY, Mo., Nov. 15, 2023 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") has completed the sale of certain real estate assets effective November 14, 2023.
Nov 10, 2023 03:15 pm ET
Kansas City Life Announces Sale of Real Estate
KANSAS CITY, Mo., Nov. 10, 2023 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") has completed the sale of certain real estate assets effective November 8, 2023.
Oct 27, 2023 12:19 pm ET
Kansas City Life Announces Third Quarter 2023 Results
KANSAS CITY, Mo., Oct. 27, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.6 million or $0.47 per share in the third quarter of 2023 compared to net income of $4.3 million or $0.45 per share in the third quarter of 2022. Net income totaled $5.8 million or $0.60 per share in the first nine months of 2023, up from $1.1 million or $0.12 per share in the first nine months of 2022.
Oct 23, 2023 06:14 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 23, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Oct. 23, 2023. The dividend will be payable on Nov. 8, 2023, to stockholders of record on Nov. 2, 2023.
Jul 28, 2023 11:42 am ET
Kansas City Life Announces Second Quarter 2023 Results
KANSAS CITY, Mo., July 28, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarters of both 2023 and 2022. In the first six months of 2023 we recorded net income of $1.2 million or $0.13 per share compared to a net loss of $3.2 million or $0.33 per share in the first six months of 2022.
Jul 24, 2023 06:36 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 24, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on July 24, 2023. The dividend will be payable on Aug. 9, 2023, to stockholders of record on Aug. 3, 2023.
Apr 28, 2023 12:10 pm ET
Kansas City Life Announces First Quarter 2023 Results
KANSAS CITY, Mo., April 28, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $3.2 million or $0.33 per share in the first quarter of 2023 compared to a net loss of $7.7 million or $0.79 per share in the first quarter of 2022.
Apr 24, 2023 08:18 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., April 24, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on April 24, 2023. The dividend will be payable on May 10, 2023, to stockholders of record on May 4, 2023.
Mar 31, 2023 07:58 pm ET
Kansas City Life Announces Retirement of Director Nancy Bixby Hudson
KANSAS CITY, Mo., March 31, 2023 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that Nancy Bixby Hudson, a member of the Board of Directors, has notified the Chairman of her retirement from the Board of Directors effective at the close of business on April 19, 2023.
Jan 23, 2023 05:52 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Jan. 23, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Jan. 23, 2023. The dividend will be payable on Feb. 8, 2023, to stockholders of record on Feb. 2, 2023.
Dec 13, 2022 07:37 pm ET
Kansas City Life Statement on Class Action Lawsuit Verdict
KANSAS CITY, Mo., Dec. 13, 2022 /PRNewswire/ -- As previously disclosed in its financial reports, Kansas City Life Insurance Company (the "Company") is a party to a class action lawsuit filed in the 16th Circuit Court for the State of Missouri (Jackson County) styled Karr v. Kansas City Life Insurance Company (the "Karr Action"). On Dec. 9, 2022, the jury in the Karr Action delivered a verdict against the Company in the amount of $28.36 million.
Oct 28, 2022 11:42 am ET
Kansas City Life Announces Third Quarter 2022 Results
KANSAS CITY, Mo., Oct. 28, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.3 million or $0.45 per share in the third quarter of 2022 compared to a net loss of $6.0 million or $0.62 per share in the third quarter of 2021. Net income totaled $1.1 million or $0.12 per share in the first nine months of 2022 compared to a net loss of $2.4 million or $0.25 per share in the first nine months of 2021.
Oct 24, 2022 06:54 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 24, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Oct. 24, 2022. The dividend will be payable on Nov. 9, 2022, to stockholders of record on Nov. 3, 2022.
Jul 29, 2022 10:39 am ET
Kansas City Life Announces Second Quarter 2022 Results
KANSAS CITY, Mo., July 29, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarter of 2022, an increase of $0.2 million or $0.02 per share relative to the second quarter of 2021. In the first six months of 2022 we recorded a net loss of $3.2 million or $0.33 per share, compared to net income of $3.6 million or $0.37 per share in the first six months of 2021.
Jul 25, 2022 08:12 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 25, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on July 25, 2022. The dividend will be payable on Aug. 10, 2022, to stockholders of record on Aug. 4, 2022.
Apr 29, 2022 11:39 am ET
Kansas City Life Announces First Quarter 2022 Results
KANSAS CITY, Mo., April 29, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $7.7 million or $0.79 per share in the first quarter of 2022 compared to a net loss of $0.7 million or $0.07 per share in the first quarter of 2021.
Apr 25, 2022 08:50 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., April 25, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on April 25, 2022. The dividend will be payable on May 11, 2022, to stockholders of record on May 5, 2022.
Apr 25, 2022 03:43 pm ET
Kansas City Life Announces Election of Walter E. Bixby as President and Chief Executive Officer
KANSAS CITY, Mo., April 25, 2022 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that the Board of Directors has elected Walter E. "Web" Bixby, LLIF, as President and Chief Executive Officer of Kansas City Life Insurance Company. He is currently also Vice Chairman of the Board of Kansas City Life, President of Old American Insurance Company, President and Chief Executive Officer of Grange Life Insurance Company.
Mar 15, 2022 05:53 pm ET
Kansas City Life Announces Retirement of R. Philip Bixby
KANSAS CITY, Mo., March 15, 2022 /PRNewswire/ -- R. Philip Bixby, President, Chief Executive Officer, and Chairman of the Board of Kansas City Life Insurance Company (the "Company") announced today that he will retire as President and Chief Executive Officer effective during the April 25, 2022, meeting of the Board of Directors, at which time his successor will be elected.
Mar 04, 2022 02:46 pm ET
Kansas City Life Announces Fourth Quarter 2021 Results
KANSAS CITY, Mo., March 4, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $13.1 million or $1.36 per share in the fourth quarter of 2021 compared to a net loss of $0.8 million or $0.07 per share in the fourth quarter of 2020. Net income totaled $10.7 million or $1.11 per share for the year ended December 31, 2021, down from $15.2 million or $1.57 per share for the year ended December 31, 2020.
Feb 04, 2022 09:45 am ET
Kansas City Life Announces Retirement of Philip A. Williams and the Promotions of David A. Laird and Ellee P. Sibbing
KANSAS CITY, Mo., Feb. 4, 2022 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that Philip A. Williams, Senior Vice President, Finance, and a member of the Board of Directors, will retire from the Company effective February 4, 2022.
Nov 02, 2021 10:46 am ET
Kansas City Life Announces Sale of Sunset Life
KANSAS CITY, Mo., Nov. 2, 2021 /PRNewswire/ -- Kansas City Life Insurance Company ("Kansas City Life') announced today that it has sold Sunset Life Insurance Company of America, Inc. ("Sunset Life"), a wholly-owned subsidiary, to Bona Holdings, LLC, effective on November 1, 2021.
Oct 29, 2021 12:47 pm ET
Kansas City Life Announces Third Quarter 2021 Results
KANSAS CITY, Mo., Oct. 29, 2021 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $6.0 million or $0.62 per share in the third quarter of 2021 compared to a net loss of $1.2 million or $0.13 per share in the third quarter of 2020. Net loss totaled $2.4 million or $0.25 per share in the first nine months of 2021 compared to net income of $15.9 million or $1.64 per share in the first nine months of 2020.
Oct 25, 2021 07:19 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 25, 2021 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 25, 2021. The dividend will be payable on November 10, 2021, to stockholders of record on November 4, 2021.
Jul 30, 2021 12:05 pm ET
Kansas City Life Announces Second Quarter 2021 Results
KANSAS CITY, Mo., July 30, 2021 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.3 million or $0.44 per share in the second quarter of 2021, a decrease of $12.7 million or $1.31 per share relative to the second quarter of 2020. Net income totaled $3.6 million or $0.37 per share in the first six months of 2021, down from $17.1 million or $1.77 per share in the first six months of 2020.
Jul 26, 2021 06:53 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 26, 2021 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on July 26, 2021. The dividend will be payable on Aug. 11, 2021, to stockholders of record on Aug. 5, 2021.
Jan 25, 2021 06:43 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Jan. 25, 2021 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on January 25, 2021. The dividend will be payable on February 10, 2021, to stockholders of record on February 4, 2021.
Oct 30, 2020 12:36 pm ET
Kansas City Life Announces Third Quarter 2020 Results
KANSAS CITY, Mo., Oct. 30, 2020 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $1.2 million or $0.13 per share in the third quarter of 2020 compared to net income of $4.5 million or $0.47 per share in the third quarter of 2019. Net income totaled $15.9 million or $1.64 per share in the first nine months of 2020, up from $13.8 million or $1.43 per share in the first nine months of 2019.
Oct 26, 2020 06:27 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 26, 2020 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 26, 2020. The dividend will be payable on November 11, 2020, to stockholders of record on November 5, 2020.
Aug 27, 2020 10:06 am ET
Kansas City Life Insurance Company Selects FAST Software to Replace Legacy Platforms
FAST, a Verisk (Nasdaq:VRSK) business, announced today that Kansas City Life Insurance Company has licensed FAST software to replace its legacy platforms, streamline administration of its existing business, and enable the development of a new...
Jul 30, 2020 05:10 pm ET
Kansas City Life Announces Second Quarter 2020 Results
KANSAS CITY, Mo., July 30, 2020 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $17.0 million or $1.75 per share in the second quarter of 2020, an increase of $11.7 million or $1.21 per share relative to the second quarter of 2019. Net income totaled $17.1 million or $1.77 per share in the first six months of 2020, up from $9.3 million or $0.96 per share in the first six months of 2019.
Jul 27, 2020 06:22 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 27, 2020 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on July 27, 2020. The dividend will be payable on August 12, 2020, to stockholders of record on August 6, 2020.
May 04, 2020 10:52 am ET
Kansas City Life Announces First Quarter 2020 Results
KANSAS CITY, Mo., May 4, 2020 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $0.2 million or $0.02 per share in the first quarter of 2020, a decrease of $3.9 million or $0.40 per share relative to the first quarter of 2019. The decline in net income in 2020 was primarily due to the COVID-19 pandemic that has dramatically impacted both financial markets and the overall economy. The allowance for mortgage loan losses was increased in the first quarter of 2020 due to the worsening economic outlook. The change in the fair value of equity securities resulted in a los
Apr 27, 2020 06:28 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., April 27, 2020 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on April 27, 2020. The dividend will be payable on May 13, 2020, to stockholders of record on May 7, 2020.
Apr 16, 2020 07:19 pm ET
Kansas City Life Announces Participation Options for Annual Shareholder Meeting
KANSAS CITY, Mo., April 16, 2020 /PRNewswire/ -- Kansas City Life Insurance Company (OTCQX: KCLI) is offering our shareholders the opportunity to participate in our annual shareholder meeting on Thursday, April 23, 2020, at 9:00am by telephonic means as an alternative to attending in person.
Nov 12, 2019 10:52 am ET
Kansas City Life Announces Third Quarter 2019 Results
KANSAS CITY, Mo., Nov. 12, 2019 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.5 million or $0.47 per share in the third quarter of 2019, a decrease of $1.8 million or $0.17 per share compared to the third quarter of 2018. Net income totaled $13.8 million or $1.43 per share in the first nine months of 2019, up from $11.8 million or $1.22 per share in the first nine months of 2018.
Oct 28, 2019 05:38 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 28, 2019 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 28, 2019. The dividend will be payable on November 13, 2019, to stockholders of record on November 7, 2019.
Sep 23, 2019 10:25 am ET
Kansas City Life Insurance Company is a proud supporter of Life Happens and Life Insurance Awareness Month
KANSAS CITY, Mo., Sept. 23, 2019 /PRNewswire/ -- Kansas City Life Insurance Company is once again supporting Life Happens and Life Insurance Awareness Month (LIAM) during the month of September. Life Happens, a nonprofit dedicated to educating consumers about the importance of life insurance and other related products for sound financial planning, kicked off its 16th annual LIAM campaign with actress, model, designer, and mother Brooke Shields to help educate and remind Americans about the power of life insurance.
Aug 01, 2019 01:56 pm ET
Kansas City Life Announces Second Quarter 2019 Results
KANSAS CITY, Mo., Aug. 1, 2019 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $5.3 million or $0.54 per share in the second quarter of 2019, an increase of $1.2 million or $0.11 per share compared to the second quarter of 2018. Net income totaled $9.3 million or $0.96 per share in the first six months of 2019, up from $5.6 million or $0.58 per share in the first six months of 2018.
Jul 22, 2019 05:33 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 22, 2019 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on July 22, 2019. The dividend will be payable on August 7, 2019, to stockholders of record on August 1, 2019.
May 01, 2019 12:08 pm ET
Kansas City Life Announces First Quarter 2019 Results
KANSAS CITY, Mo., May 1, 2019 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.0 million or $0.42 per share in the first quarter of 2019, an increase of $2.6 million or $0.27 per share relative to the first quarter of 2018.
Apr 23, 2019 02:14 pm ET
Kansas City Life Announces Election of Thomas M. Hoenig as Director
KANSAS CITY, Mo., April 23, 2019 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that the Board of Directors has elected Thomas M. Hoenig to the Board to fill an unexpired term. Mr. Hoenig will also join the Audit Committee.
Apr 22, 2019 04:57 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., April 22, 2019 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on April 22, 2019. The dividend will be payable on May 8, 2019, to stockholders of record on May 2, 2019.
Mar 07, 2019 03:00 pm ET
Kansas City Life Announces Fourth Quarter 2018 Results
KANSAS CITY, Mo., March 7, 2019 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $3.8 million or $0.40 per share in the fourth quarter of 2018, a decrease of $30.3 million or $3.12 per share relative to the fourth quarter of 2017. Net income totaled $15.7 million or $1.62 per share for the year ended December 31, 2018, down from $51.5 million or $5.32 per share for the year ended December 31, 2017.
Feb 27, 2019 07:05 pm ET
Kansas City Life Insurance Company Announces Passing of Director
KANSAS CITY, Mo., Feb. 27, 2019 /PRNewswire/ -- Kansas City Life Insurance Company is deeply saddened to announce the death of Richard L. Finn on February 23, 2019. Mr. Finn was a member of the Board of Directors; he was also a member of both the Audit and Executive Committees.
Jan 28, 2019 03:37 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Jan. 28, 2019 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on January 28, 2019. The dividend will be payable on February 13, 2019, to stockholders of record on February 7, 2019.
Oct 25, 2018 12:13 pm ET
Kansas City Life Announces Third Quarter 2018 Results
KANSAS CITY, Mo., Oct. 25, 2018 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $6.3 million or $0.64 per share in the third quarter of 2018, a decrease of $0.4 million or $0.05 per share compared to the third quarter of 2017. Net income totaled $11.8 million or $1.22 per share in the first nine months of 2018, down from $17.4 million or $1.80 per share in the first nine months of 2017.
Oct 22, 2018 05:22 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 22, 2018 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 22, 2018. The dividend will be payable on November 7, 2018, to stockholders of record on November 1, 2018.
Jul 26, 2018 10:42 am ET
Kansas City Life Announces Second Quarter 2018 Results
KANSAS CITY, Mo., July 26, 2018 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.1 million or $0.43 per share in the second quarter of 2018, a decrease of $1.5 million or $0.15 per share compared to the second quarter of 2017. Net income totaled $5.6 million or $0.58 per share in the first six months of 2018, down from $10.8 million or $1.11 per share in the first six months of 2017.
Jul 23, 2018 05:14 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 23, 2018 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on July 23, 2018. The dividend will be payable on August 8, 2018, to stockholders of record on August 2, 2018.
Jun 04, 2018 09:00 am ET
Kansas City Life Insurance Company To Acquire Life Division From Grange Mutual Casualty Company
KANSAS CITY, Mo., June 4, 2018 /PRNewswire/ -- Kansas City Life Insurance Company and Grange Mutual Casualty Company are pleased to announce the signing of a definitive agreement today under which Kansas City Life will acquire all of the issued and outstanding stock of Grange Life Insurance Company from Grange Mutual. The transaction is subject to review by the Ohio Department of Insurance.
Apr 26, 2018 12:58 pm ET
Kansas City Life Announces First Quarter 2018 Results
KANSAS CITY, Mo., April 26, 2018 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $1.5 million or $0.15 per share in the first quarter of 2018, a decrease of $3.7 million or $0.38 per share relative to the first quarter of 2017. The decline in the first quarter of 2018 reflected lower investment revenues, largely related to reduced reinvestment rates available in the marketplace. In addition, operating expenses and amortization of deferred acquisition costs increased. Partially offsetting these, insurance revenues from both premiums and contract charges increased
Apr 23, 2018 05:14 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., April 23, 2018 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on April 23, 2018. The dividend will be payable on May 9, 2018, to stockholders of record on May 3, 2018.
Feb 26, 2018 11:31 am ET
Kansas City Life Announces Fourth Quarter 2017 Results
KANSAS CITY, Mo., Feb. 26, 2018 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $34.1 million or $3.52 per share in the fourth quarter of 2017, an increase of $28.5 million or $2.94 per share relative to the fourth quarter of 2016. The improvement in 2017 was largely due to the lowering of the corporate tax rate to 21% that resulted from the Tax Cuts and Jobs Act passed on December 22, 2017. The impact of the Tax Cuts and Jobs Act provided a $30.5 million benefit in the fourth quarter of 2017. In addition, total insurance revenues, from both premiums and contract
Jan 22, 2018 04:32 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Jan. 22, 2018 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on January 22, 2018. The dividend will be payable on February 7, 2018, to stockholders of record on February 1, 2018.
Oct 26, 2017 12:31 pm ET
Kansas City Life Announces Third Quarter 2017 Results
KANSAS CITY, Mo., Oct. 26, 2017 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $6.6 million or $0.69 per share in the third quarter of 2017, a decrease of $0.5 million or $0.05 per share relative to the third quarter of 2016. Net income totaled $17.4 million or $1.80 per share in the first nine months of 2017, up from $16.7 million or $1.72 per share in the first nine months of 2016.
Oct 23, 2017 07:46 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 23, 2017 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 23, 2017. The dividend will be payable on November 8, 2017, to stockholders of record on November 2, 2017.
Jul 27, 2017 04:30 pm ET
Kansas City Life Announces Second Quarter 2017 Results
KANSAS CITY, Mo., July 27, 2017 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $5.6 million or $0.58 per share in the second quarter of 2017, an increase of $0.4 million or $0.04 per share relative to the second quarter of 2016. Net income totaled $10.8 million or $1.11 per share in the first six months of 2017, an increase of $1.3 million or $0.13 per share compared to the first six months of 2016.
Jul 24, 2017 06:17 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 24, 2017 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on July 24, 2017. The dividend will be payable on August 9, 2017, to stockholders of record on August 3, 2017.
Apr 27, 2017 03:57 pm ET
Kansas City Life Announces First Quarter 2017 Results
KANSAS CITY, Mo., April 27, 2017 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $5.2 million or $0.53 per share in the first quarter of 2017, an increase of $0.9 million or $0.09 per share relative to the first quarter of 2016. The improvement in 2017 primarily resulted from increased premiums, reduced amortization of deferred acquisition costs, and lower operating expenses. Partially offsetting these were decreases in net investment income and realized investment gains compared to the prior year. In addition, increases in benefits paid to policyholders were mos
Apr 24, 2017 06:10 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., April 24, 2017 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on April 24, 2017. The dividend will be payable on May 10, 2017, to stockholders of record on May 4, 2017.
Apr 24, 2017 06:00 pm ET
Kansas City Life Announces Election of Philip A. Williams as Senior Vice President, Finance, Chief Financial Officer and Director
KANSAS CITY, Mo., April 24, 2017 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that Philip A. Williams has been elected to the Board of Directors. Mr. Williams was also elected to serve as Senior Vice President, Finance.
Mar 27, 2017 04:24 pm ET
Kansas City Life Announces Resignation of Senior Vice President, Finance, Chief Financial Officer and Director Tracy W. Knapp
KANSAS CITY, Mo., March 27, 2017 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that Tracy W. Knapp, Senior Vice President, Finance and a member of the Board of Directors, has notified the Chairman of his intent to leave the Company and resign from the Board following the end of the Annual Meeting of Shareholders on April 20, 2017.
Mar 13, 2017 10:37 am ET
Kansas City Life Announces Fourth Quarter 2016 Results
KANSAS CITY, Mo., March 13, 2017 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $5.6 million or $0.58 per share in the fourth quarter of 2016, a decrease of $0.5 million or $0.01 per share relative to the fourth quarter of 2015. The decline in 2016 primarily resulted from an increase in operating expenses, largely from higher compensation costs. In addition, net investment income decreased due to the low interest rate environment. Partially offsetting these were increases in premiums from life and immediate annuity sales, along with higher net realized investmen
Jan 23, 2017 05:43 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Jan. 23, 2017 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on January 23, 2017. The dividend will be payable on February 8, 2017, to stockholders of record on February 2, 2017.
Oct 27, 2016 06:12 pm ET
Kansas City Life Announces Third Quarter 2016 Results
KANSAS CITY, Mo., Oct. 27, 2016 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $7.2 million or $0.74 per share in the third quarter of 2016, an increase of $1.8 million or $0.22 per share relative to the same quarter in the prior year. Net income totaled $16.7 million or $1.72 per share in the first nine months of 2016, a decrease of $6.4 million or $0.44 per share relative to the same period one year earlier.
Oct 24, 2016 07:12 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., Oct. 24, 2016 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 24, 2016. The dividend will be payable on November 9, 2016, to stockholders of record on November 3, 2016.
Jul 29, 2016 02:18 pm ET
/C O R R E C T I O N -- Kansas City Life Insurance Company/
In the news release, Kansas City Life Announces Second Quarter 2016 Results, issued July 28, 2016, by Kansas City Life Insurance Company over PR Newswire, we are advised by the company that in the table, revenues for six months ended 2015 should have been $219,678 rather than $19,678 as originally issued inadvertently. The complete, corrected release follows:
Jul 28, 2016 07:19 pm ET
Kansas City Life Announces Second Quarter 2016 Results
KANSAS CITY, Mo., July 28, 2016 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $5.2 million or $0.54 per share in the second quarter of 2016, a decrease of $5.7 million or $0.47 per share relative to the same quarter in the prior year. Net income totaled $9.5 million or $0.98 per share in the first six months of 2016, a decrease of $8.2 million or $0.66 per share relative to the first six months of 2015. The decrease in net income for the periods ending June 30, 2016 resulted from increased policyholder benefits and lower net investment income, both of which were
Jul 25, 2016 06:04 pm ET
Kansas City Life Declares Quarterly Dividend
KANSAS CITY, Mo., July 25, 2016 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on July 25, 2016. The dividend will be payable on August 10, 2016, to stockholders of record on August 4, 2016.
Jul 14, 2016 12:15 pm ET
Kansas City Life Insurance Company Changes Auditors
KANSAS CITY, Mo., July 14, 2016 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") (OTCQX: KCLI) announced today that it has engaged BKD, LLP ("BKD") as its independent auditor for 2016. BKD will replace the Company's previous independent auditors, KPMG LLP ("KPMG").
Apr 28, 2016 07:16 pm ET
Kansas City Life Announces First Quarter 2016 Results
KANSAS CITY, Mo., April 28, 2016 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.3 million or $0.44 per share in the first quarter of 2016, a decrease of $2.5 million or $0.19 per share relative to the same quarter in the prior year. This decrease was largely due to increased policyholder benefits and lower net investment income, both of which were negatively impacted by the challenging market rate environment. Partially offsetting these items were increases in net realized investment gains and insurance revenues. The improvement in insurance revenues largely
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