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Kansas City Life Announces First Quarter 2025 Results

Kansas City Life Insurance Company (KCLI) reported Q1 2025 net income of $1.9 million ($0.19 per share), up from $1.6 million ($0.16 per share) in Q1 2024.

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Rhea-AI Summary

Kansas City Life Insurance Company (KCLI) reported Q1 2025 net income of $1.9 million ($0.19 per share), up from $1.6 million ($0.16 per share) in Q1 2024. Key financial highlights include:
  • Policyholder benefits decreased by $4.2 million (6%)
  • Operating expenses declined by $0.9 million (3%)
  • Insurance revenues fell by $3.1 million (4%)
  • Investment revenues decreased by $5.3 million (13%)
  • Recorded a one-time tax benefit of $4.2 million
The company maintained its quarterly dividend at $0.14 per share. Total revenues for Q1 2025 were $119 million, compared to $127.3 million in Q1 2024.
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Positive

  • Net income increased 20.7% year-over-year to $1.9 million
  • Policyholder benefits costs reduced by 6% ($4.2 million)
  • Operating expenses decreased by 3% ($0.9 million)
  • Recorded significant one-time tax benefit of $4.2 million

Negative

  • Insurance revenues declined 4% ($3.1 million)
  • Investment revenues dropped 13% ($5.3 million)
  • Total revenues decreased 6.5% to $119 million from $127.3 million
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KANSAS CITY, Mo., May 1, 2025 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $1.9 million or $0.19 per share in the first quarter of 2025 compared to net income of $1.6 million or $0.16 per share in the first quarter of 2024. 

This result included a $4.2 million or 6% decrease in policyholder benefits, net of reinsurance, and a  $0.9 million or 3% decline in operating expenses in the first quarter of 2025 compared to the first quarter of 2024.  In addition, we recorded an income tax benefit of $4.2 million in the first quarter of 2025 compared to an income tax expense of $0.4 million in the first quarter of 2024.  The increased tax benefit resulted from a one-time tax benefit recorded in the first quarter of 2025.  Partially offsetting these, insurance revenues decreased $3.1 million or 4% and total investment revenues decreased $5.3 million or 13%, largely due to a change in the fair value of certain investments compared to the prior year. 

Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.  The Company's primary business is providing financial protection through the sale of life insurance and annuities.  The Company operates in 49 states and the District of Columbia. For more information, please visit www.kclife.com.

Kansas City Life Insurance Company
Condensed Consolidated Income Statement
(amounts in thousands, except share data)


Quarter Ended


March 31


2025


2024

Revenues

$

118,975


$

127,308

Net income

$

1,876


$

1,554

Net income per share,

basic and diluted

$

0.19


$

0.16

Dividends paid

$

0.14


$

0.14

Average number of shares outstanding


9,683,414



9,683,414







 

Cision View original content:https://www.prnewswire.com/news-releases/kansas-city-life-announces-first-quarter-2025-results-302444526.html

SOURCE Kansas City Life Insurance Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was KCLI's earnings per share in Q1 2025?

Kansas City Life reported earnings of $0.19 per share in Q1 2025, compared to $0.16 per share in Q1 2024.

How much was Kansas City Life's quarterly dividend in Q1 2025?

Kansas City Life maintained its quarterly dividend at $0.14 per share.

What caused the increase in KCLI's net income for Q1 2025?

The increase was primarily due to reduced policyholder benefits (down 6%), lower operating expenses (down 3%), and a one-time tax benefit of $4.2 million.

Why did KCLI's investment revenues decline in Q1 2025?

Investment revenues decreased by $5.3 million or 13% largely due to changes in the fair value of certain investments compared to the prior year.

What was Kansas City Life's total revenue for Q1 2025?

Total revenues for Q1 2025 were $118.975 million, down from $127.308 million in Q1 2024.

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