Welcome to our dedicated page for Kansas City Life Insurance news (Ticker: KCLI), a resource for investors and traders seeking the latest updates and insights on Kansas City Life Insurance stock.
Kansas City Life Insurance Company (OTCQX: KCLI) is a direct life insurance carrier based in Kansas City, Missouri, with a stated focus on providing financial protection through life insurance and annuities. The company reports that it operates in 49 states and the District of Columbia, and it regularly issues public updates on its financial performance and corporate actions.
This news page aggregates Kansas City Life news coverage, primarily drawn from the company’s own press releases. Readers can review quarterly and annual earnings announcements, where Kansas City Life discusses net income or net loss, insurance revenues, policyholder benefits, investment revenues, operating expenses, and income tax effects. These releases are accompanied by condensed consolidated income statements that summarize revenues, net income per share, dividends paid, and share counts.
In addition to earnings, Kansas City Life frequently announces quarterly dividend declarations, specifying the dividend per share, payment dates, and record dates. These items are relevant for investors tracking KCLI as a dividend-paying stock on the OTCQX market.
The news flow also includes legal and litigation developments. Kansas City Life has reported on class action litigation related to cost of insurance rates for certain universal life and variable universal life policies and has described a proposed nationwide settlement agreement, subject to court approval. Such updates provide context on legal reserves, settlement accruals, and their impact on reported results.
By reviewing the articles linked on this page, users can follow how Kansas City Life explains changes in its financial performance over time, including the roles of policyholder benefits, investment gains or losses, and legal matters in shaping KCLI’s reported earnings.
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.
Kansas City Life Insurance Company (OTCQX: KCLI) reported net income of $4.7 million or $0.49 per share in Q2 2024, up from $4.5 million or $0.46 per share in Q2 2023. For the first six months of 2024, net income was $6.3 million or $0.65 per share, a significant increase from $1.2 million or $0.13 per share in the same period of 2023. The improved results were driven by higher investment revenues and lower policyholder benefits and operating expenses. However, these gains were partially offset by declining insurance revenues and increased interest credited to policyholder account balances. The company, established in 1895, operates in 49 states and the District of Columbia, focusing on life insurance and annuities.
Kansas City Life Insurance Company (OTCQX: KCLI) has appointed Eileen M. Hutchinson to its Board of Directors, effective July 22, 2024. Hutchinson, a retired Vice President of Finance and CFO of GEHA, will also join the Audit Committee. She brings extensive experience in finance and accounting, including roles at Epoch Group, Blue Cross Blue Shield, and in public accounting. Hutchinson is a CPA with a CGMA designation and has served on various boards and committees since her retirement.
Chairman R. Philip Bixby expressed confidence that Hutchinson's expertise in financial services will benefit the company. She fills the vacancy created by Cecil R. Miller's retirement, with the term expiring in April 2025. Kansas City Life, established in 1895, operates in 49 states and D.C., focusing on life insurance and annuities.
Kansas City Life Insurance Company (OTCQX: KCLI) has announced a quarterly dividend of $0.14 per share, as declared by its Board of Directors on July 22, 2024. The dividend is set to be paid on August 7, 2024, to stockholders of record as of August 1, 2024. Kansas City Life, established in 1895 and headquartered in Kansas City, Missouri, primarily focuses on providing financial protection through life insurance and annuity sales. The company currently operates across 49 states and the District of Columbia.
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