Kansas City Life Announces Third Quarter 2025 Results

Rhea-AI Summary

Kansas City Life (OTCQX: KCLI) reported Q3 2025 net income of $3.2M ($0.33/share) versus $1.3M ($0.14/share) in Q3 2024, driven by higher investment revenue and lower policyholder benefits, largely from a decline in death benefits net of reinsurance. Revenues were $123.8M in Q3 2025.

For the nine months ended Sept. 30, 2025, the company recorded a $23.0M net loss ($2.38/share), primarily due to a $35.5M legal settlement accrual, net of tax, booked in Q2. Excluding that accrual, nine‑month net income would have been $12.5M ($1.29/share). Dividends remained at $0.14 per quarter.

Positive

• Q3 net income of $3.2M ($0.33/share)
• Nine‑month adjusted net income of $12.5M excluding accrual
• Dividends maintained at $0.14 per quarter
• Lower policyholder benefits driven by decline in death benefits

Negative

• Nine‑month net loss of $23.0M (-$2.38/share)
• Established a $35.5M legal settlement accrual (net of tax) in Q2

News Market Reaction – KCLI

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+0.20% News Effect

On the day this news was published, KCLI gained 0.20%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

KANSAS CITY, Oct. 31, 2025 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $3.2 million or $0.33 per share in the third quarter of 2025, up from net income of $1.3 million or $0.14 per share in the third quarter of 2024.  The improvement in net income in the third quarter of 2025 reflected higher investment revenues and lower policyholder benefits, which was largely driven by a decline in death benefits, net of reinsurance.  These improvements were partially offset by a decrease in insurance revenues. 

We recorded a net loss of $23.0 million or $2.38 per share in the first nine months of 2025 compared to net income of $7.6 million or $0.79 per share in the first nine months of 2024.  The primary factor in the decrease in net income in the first nine months of 2025 was the establishment of a legal settlement accrual of $35.5 million, net of tax, in the second quarter related to a potential settlement of class action lawsuits.  Excluding this legal settlement accrual, net income would have been $12.5 million or $1.29 per share in the first nine months of 2025.  After excluding the legal settlement accrual, the increase over the first nine months of 2024 was primarily due to lower policyholder benefits.  Partially offsetting this was a decrease in insurance revenues. 

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.

A Condensed Consolidated Income Statement appears on the next page.

 

Kansas City Life Insurance Company Condensed Consolidated Income Statement (amounts in thousands, except share data)
	Quarter Ended September 30						Nine Months Ended September 30
	2025			2024			2025			2024
Revenues	$	123,781		$	125,147		$	365,055		$	374,967
Net income (loss)	$	3,152		$	1,321		$	(23,045)		$	7,610
Net income (loss) per share, basic and diluted	$	0.33		$	0.14		$	(2.38)		$	0.79
Dividends paid	$	0.14		$	0.14		$	0.42		$	0.42
Average number of shares outstanding		9,683,414			9,683,414			9,683,414			9,683,414

 

View original content:https://www.prnewswire.com/news-releases/kansas-city-life-announces-third-quarter-2025-results-302601342.html

SOURCE Kansas City Life Insurance Company

FAQ

What did KCLI report for Q3 2025 net income and EPS?

KCLI reported Q3 2025 net income $3.2M, or $0.33 per share.

Why did Kansas City Life report a nine‑month net loss in 2025 (KCLI)?

The nine‑month $23.0M net loss was primarily due to a $35.5M legal settlement accrual recorded in Q2 2025.

What would KCLI's nine‑month 2025 results look like excluding the legal accrual?

Excluding the accrual, nine‑month 2025 net income would have been $12.5M, or $1.29 per share.

Did Kansas City Life change its dividend after Q3 2025 results (KCLI)?

No. The company continued to pay a quarterly dividend of $0.14 per share.

What drove improved Q3 2025 profitability at KCLI?

Q3 improvement was driven by higher investment revenues and lower policyholder benefits, mainly from reduced death benefits net of reinsurance.