Kansas City Life Insurance Stock Price, News & Analysis

Kansas City Life Insurance Company (OTCQX: KCLI) has announced its latest quarterly dividend declaration. The Board of Directors has declared a dividend of $0.14 per share, which will be paid on August 13, 2025, to stockholders of record as of August 7, 2025.

Founded in 1895 and headquartered in Kansas City, Missouri, the company specializes in providing financial protection through life insurance and annuity products, serving customers across 49 states and the District of Columbia.

Kansas City Life Insurance Company (OTCQX: KCLI) has announced a proposed $45 million nationwide settlement to resolve class action litigation regarding cost of insurance rates for certain universal life and variable universal life policies. The settlement would address claims from approximately 88,000 policyholders whose policies were active on or after January 1, 2002.

The agreement aims to resolve multiple ongoing cases across different jurisdictions and requires both preliminary and final court approval. CEO Walter E. Bixby stated this settlement would remove future uncertainty and ongoing legal expenses, benefiting policyholders, the company, and shareholders. The company maintains no admission of liability or wrongdoing in entering this agreement.

• 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

Kansas City Life Insurance Company (OTCQX: KCLI) has announced its latest quarterly dividend declaration. The Board of Directors approved a dividend of $0.14 per share on April 28, 2025.

Key details of the dividend payment:

• Payment Date: May 14, 2025
• Record Date: May 8, 2025

Founded in 1895 and headquartered in Kansas City, Missouri, the company specializes in providing financial protection through life insurance and annuity products. The company maintains a strong presence across 49 states and the District of Columbia, demonstrating its extensive market reach in the American insurance sector.

Kansas City Life Insurance Company (KCLI) reported a significant financial downturn in Q4 2024, posting a net loss of $12.6 million ($1.30 per share), compared to a net income of $49.1 million ($5.07 per share) in Q4 2023.

The decline was attributed to multiple factors including:

• Lower insurance revenues
• Reduced net investment gains
• Higher operating expenses, including a $21.1 million pretax legal reserve for class action lawsuits
• Realized losses from portfolio repositioning in 2024

For the full year 2024, KCLI recorded a net loss of $5.0 million ($0.51 per share), versus net income of $54.9 million ($5.67 per share) in 2023. While net investment income increased and policyholder benefits declined, these positives were offset by decreased insurance revenues and increased interest credited on policyholder account balances.

Kansas City Life Insurance Company (KCLI) has announced its quarterly dividend declaration. The Board of Directors declared a dividend of $0.14 per share on January 27, 2025. The dividend will be paid on February 12, 2025, to stockholders of record as of February 6, 2025.

The company, established in 1895 and headquartered in Kansas City, Missouri, focuses on providing financial protection through life insurance and annuity products. KCLI maintains operations across 49 states and the District of Columbia.

Kansas City Life Insurance Company (KCLI) reported Q3 2024 net income of $1.3 million ($0.14 per share), down from $4.6 million ($0.47 per share) in Q3 2023. However, nine-month results improved with net income of $7.6 million ($0.79 per share) compared to $5.8 million ($0.60 per share) in 2023. Q3 performance was impacted by lower insurance revenues and higher policyholder benefits, while benefiting from increased net investment income and gains. The company maintained quarterly dividends at $0.14 per share.

Kansas City Life Insurance Company (KCLI) has announced a quarterly dividend of $0.14 per share, as declared by its Board of Directors on October 28, 2024. The dividend will be paid on November 13, 2024, to stockholders of record as of November 7, 2024. The company, established in 1895 and headquartered in Kansas City, Missouri, specializes in providing financial protection through life insurance and annuity products across 49 states and the District of Columbia.

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a-" (Excellent) of Kansas City Life Insurance Company (KCL) [OTCQX: KCLI]. The outlook revision reflects an easing of balance sheet pressure, as management has executed on capital plans that have enhanced the companies' level of available capital and risk-adjusted capitalization. KCL's risk-based capital ratio has returned to historical levels.

AM Best also revised the outlook of the Long-Term ICR to stable from negative for Old American Insurance Company, a wholly owned subsidiary of KCL. The ratings of KCL reflect its very strong balance sheet strength, marginal operating performance, neutral business profile, and appropriate enterprise risk management. AM Best expects KCL and Old American to maintain their capitalization levels but will monitor the impact of shareholder dividends and ongoing litigation related to universal life cost-of-insurance policyowner charges.