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Kansas City Life Insurance Co - KCLI STOCK NEWS

Welcome to our dedicated news page for Kansas City Life Insurance Co (Ticker: KCLI), a resource for investors and traders seeking the latest updates and insights on Kansas City Life Insurance Co.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kansas City Life Insurance Co's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kansas City Life Insurance Co's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.29%
Tags
dividends
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Rhea-AI Summary
Kansas City Life Insurance Company (KCLI) has completed the sale of a real estate asset in Beaverton, Oregon, expecting to record an after-tax gain of approximately $35.2 million in Q4 2023. Established in 1895, KCLI is based in Kansas City, Missouri, and primarily sells life insurance and annuities in 49 states and the District of Columbia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.62%
Tags
none
Rhea-AI Summary
Kansas City Life Insurance Company (KCLI) completes the sale of real estate assets in Tulsa metropolitan area, expecting a $6.1 million after-tax gain in Q4 2023. The company, established in 1895, primarily sells life insurance and annuities in 49 states and the District of Columbia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.42%
Tags
none
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Rhea-AI Summary
Kansas City Life Insurance Company (KCLI) Completes Sale of Real Estate Assets, Expects $9.1 Million Gain
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
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. The results for the third quarter of 2023 reflected higher insurance and investment revenues compared to the third quarter of 2022. In addition, policyholder benefits and amortization of deferred acquisition costs were lower compared to the prior year. Partially offsetting these improvements were increases in interest credited to policyholder account balances and operating expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
Tags
earnings
Rhea-AI Summary
Kansas City Life Insurance Company has declared a quarterly dividend of $0.14 per share. The dividend will be payable on Nov. 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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Rhea-AI Summary
Kansas City Life Insurance Company reported net income of $4.5 million or $0.46 per share in the second quarter of 2023, reflecting higher investment revenues and lower amortization of deferred acquisition costs compared to the same period in 2022. However, insurance revenues declined due to an increase in reinsurance ceded premiums, and policyholder benefits and operating expenses increased.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.17%
Tags
earnings
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Rhea-AI Summary
Kansas City Life Insurance Company (OTCQX: KCLI) has declared a quarterly dividend of $0.14 per share. The dividend will be payable on Aug. 9, 2023, to stockholders of record on Aug. 3, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
Tags
dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
none
Kansas City Life Insurance Co

OTC:KCLI

KCLI Rankings

KCLI Stock Data

360.71M
0.05%
0.67%
Direct Life Insurance Carriers
Finance and Insurance
Link
US
Kansas City