Kansas City Life Announces Third Quarter 2026 Results

Nine-month earnings returned to profit, while quarterly earnings declined and dividends paid increased from the prior-year periods.

Rhea-AI Summary

Kansas City Life Insurance Company (KCLI) reported third-quarter 2026 net income of $1.738 million, down from the prior-year quarter. Earnings per share fell to $0.18 from $0.29, while net income previously totaled $2.833 million. Revenue declined to $121.859 million from $123.524 million. Insurance and investment revenues fell 1% each, partly offset by a 3% decline in operating expenses.

For the nine months ended September 30, net income reached $19.077 million, or $1.97 per share, versus a $21.733 million loss, or $2.24 per share. Revenue rose to $365.551 million from $363.924 million. The prior-year period included a $35.5 million after-tax legal settlement accrual; excluding it, 2025 net income was $13.8 million. Investment revenues increased $4.7 million, or 4%. Dividends paid rose to $0.18 per share for the quarter and $0.54 for nine months, from $0.14 and $0.42, respectively.

5 points · 0 major

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0 major · 3 points

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Positive

• Moderate pointNine-month net income reached $19.077 million, or $1.97 per share, versus a $21.733 million loss, or $2.24.
• Moderate pointNine-month investment revenues increased $4.7 million, or 4%, versus the prior year.
• Minor pointNine-month earnings excluding the prior-year settlement accrual improved $5.3 million, or 38%, from $13.8 million.
• Minor pointThird-quarter operating expenses decreased $0.8 million, or 3%, versus the prior year.
• Minor pointQuarterly dividends paid increased to $0.18 per share from $0.14; nine-month dividends rose to $0.54 from $0.42.

Negative

• Moderate pointThird-quarter net income declined to $1.738 million, or $0.18 per share, from $2.833 million, or $0.29.
• Minor pointThird-quarter insurance revenues decreased $1.1 million, or 1%, versus the prior year.
• Minor pointThird-quarter investment revenues decreased $0.6 million, or 1%, versus the prior year.

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KANSAS CITY, Mo., Oct. 30, 2026 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $1.7 million or $0.18 per share in the third quarter of 2026 compared to $2.8 million or $0.29 per share in the third quarter of 2025.  The decline in net income in the third quarter of 2026 reflected a $1.1 million or 1% decrease in insurance revenues and a $0.6 million or 1% decrease in investment revenues compared to the prior year.  These were partially offset by a $0.8 million or 3% decrease in operating expenses versus the prior year. 

Net income totaled $19.1 million or $1.97 per share in the first nine months of 2026 compared to a net loss of $21.7 million or $2.24 per share in the first nine months of 2025.  The primary factor for the increase in net income in the first nine months of 2026 was lower operating expenses compared to the prior year.  A legal settlement accrual of $35.5 million, net of tax, related to class action lawsuits, was established in the second quarter of 2025.  Excluding this legal settlement accrual, net income would have been $13.8 million or $1.43 per share in the first nine months of 2025.  After excluding the legal settlement accrual, net income for the nine months of 2026 would have been $5.3 million or 38% higher than the prior year, largely due to a $4.7 million or 4% increase in investment 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						Nine Months Ended
	September 30						September 30
	2026			2025			2026			2025
Revenues	$	121,859		$	123,524		$	365,551		$	363,924
Net income (loss)	$	1,738		$	2,833		$	19,077		$	(21,733)
Net income (loss) per share, basic and diluted	$	0.18		$	0.29		$	1.97		$	(2.24)
Dividends paid	$	0.18		$	0.14		$	0.54		$	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-2026-results-302925152.html

SOURCE Kansas City Life Insurance Company

FAQ

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What were Kansas City Life's third-quarter 2026 earnings?

Kansas City Life earned $1.738 million, or $0.18 per share, in the third quarter of 2026, compared with $2.833 million, or $0.29 per share, a year earlier. Insurance and investment revenues declined, partly offset by lower operating expenses.

How did Kansas City Life's nine-month 2026 earnings compare with 2025?

Nine-month 2026 net income was $19.077 million, or $1.97 per share, compared with a $21.733 million loss, or $2.24 per share, in 2025. Excluding the prior-year $35.5 million after-tax legal settlement accrual, earnings increased $5.3 million, or 38%.