Kansas City Life Announces Fourth Quarter 2025 Results

Kansas City Life (OTCQX: KCLI) reported Q4 2025 net income of $1.0 million ($0.10/share) versus a Q4 2024 net loss of $14.0 million ($1.45/share).

Rhea-AI Summary

Kansas City Life (OTCQX: KCLI) reported Q4 2025 net income of $1.0 million ($0.10/share) versus a Q4 2024 net loss of $14.0 million ($1.45/share). Full-year 2025 net loss was $20.8 million ($2.14/share) versus a 2024 net loss of $9.6 million ($0.99/share).

Results reflect higher insurance and investment revenues, lower operating expenses (including a prior legal accrual), and legal accruals of $35.6M (Q2 2025) and $16.7M (Q4 2024) net of tax. Revenues were $485.5M for 2025. ADOPTED new long-duration contract accounting effective 1/1/2025; 2024 results recast.

Positive

• Q4 2025 net income of $1.0M ($0.10/share)
• Full-year revenues of $485.45M in 2025
• Improvement in Q4 driven by higher insurance and investment revenues

Negative

• Full-year 2025 net loss of $20.8M ($2.14/share)
• Legal accruals totaled $52.3M net of tax across 2024–2025
• Decrease in insurance revenues year-over-year reduced underlying operating performance

Key Figures

Q4 2025 net income: $1.0 million ($0.10 per share) Q4 2024 net loss: $14.0 million ($1.45 per share) 2025 net loss: $20.8 million ($2.14 per share) +5 more

Q4 2025 net income

$1.0 million ($0.10 per share)

Fourth quarter 2025 reported results

Q4 2024 net loss

$14.0 million ($1.45 per share)

Fourth quarter 2024 reported results

2025 net loss

$20.8 million ($2.14 per share)

Year ended December 31, 2025

2024 net loss

$9.6 million ($0.99 per share)

Year ended December 31, 2024

2025 legal accrual

$35.6 million (net of tax)

Class action lawsuits, Q2 2025

Q4 2024 legal accrual

$16.7 million (net of tax)

Class action lawsuits, Q4 2024

2025 net income ex-accruals

$14.8 million ($1.53 per share)

2025 results excluding legal accruals

2024 net income ex-accruals

$7.1 million ($0.73 per share)

2024 results excluding legal accruals

Previous Earnings Reports

5 past events · Latest: Aug 12

Same Type 5 events

1. Aug 12

   Quarterly earnings

   24h Move

   +0.0%

   Quarter highlighted higher gross profit, strong net income and margin expansion.

2. Jul 24

   Quarterly earnings

   24h Move

   +0.0%

   Net income and EPS declined on lower net interest income and higher efficiency ratio.

3. Jul 23

   Annual results

   24h Move

   +0.0%

   Record year with higher revenue, net income and EPS across business segments.

4. May 16

   Quarterly earnings

   24h Move

   +0.0%

   Revenue declined but segment growth and higher gross profit offset wider net loss.

5. May 08

   Quarterly earnings

   24h Move

   +0.0%

   Revenue and gross profit rose; net loss narrowed and backlog increased.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

long duration contracts, condensed consolidated income statement

2 terms

long duration contracts financial

"Targeted Improvements to the Accounting for Long Duration Contracts, effective January 1, 2025..."

Long duration contracts are agreements that commit a company to deliver goods, services, or payments over an extended period—often years—rather than in a single transaction. For investors they matter because these contracts lock in future revenue or costs, providing predictable cash flow like a long-term subscription but also creating obligations that reduce flexibility; their length can amplify risks from changing interest rates, pricing, or demand and thus affect a company's valuation and financial health.

condensed consolidated income statement financial

"Kansas City Life Insurance Company Condensed Consolidated Income Statement (amounts in thousands...)"

A condensed consolidated income statement is a short, high-level summary of a company group’s combined revenues, expenses and profit or loss for a reporting period, shown as if the parent and its subsidiaries were a single business. Investors use it like a quick receipt that highlights the most important financial results without the full detail, making it easier to compare performance across periods or peer companies and spot trends or surprises.

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KANSAS CITY, Mo., March 9, 2026 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $1.0 million or $0.10 per share in the fourth quarter of 2025 compared to a net loss of $14.0 million or $1.45 per share in the fourth quarter of 2024.  Significant factors in the improvement in net income in the fourth quarter of 2025 were higher insurance and investment revenues and lower operating expenses, which were partially offset by increased policyholder benefits, notably increased death benefits.  Operating expenses were lower in 2025 compared to 2024 as a $16.7 million legal accrual, net of tax, was established in the fourth quarter of 2024 related to class action lawsuits.  Excluding this legal accrual, net income would have been $2.7 million or $0.27 per share in the fourth quarter of 2024. 

We recorded a net loss of $20.8 million or $2.14 per share for the year ended December 31, 2025, compared to a net loss of $9.6 million or $0.99 per share for the year ended December 31, 2024.  A legal accrual of $35.6 million, net of tax, was established in the second quarter of 2025 and the legal accrual of $16.7 million, net of tax, mentioned above, was established in the fourth quarter of 2024 related to class action lawsuits.  Excluding these legal accruals, net income would have been $14.8 million or $1.53 per share in 2025 and $7.1 million or $0.73 per share in 2024.  After excluding the legal accruals, the increase in net income in 2025 compared to 2024 was primarily due to lower policyholder benefits and increased investment revenues.  Partially offsetting this was a decrease in insurance revenues. 

We adopted Accounting Standards Update No. 2018-12 Targeted Improvements to the Accounting for Long Duration Contracts, effective January 1, 2025, with December 31, 2025 marking the first required reporting period for Kansas City Life.  This guidance revises the measurement models and disclosure requirements for long-duration contracts and was applied with a transition date of January 1, 2023.  Accordingly, the results for 2024 included herein have been recast.  For additional information, please refer to our 2025 Annual Report at www.kclife.com.

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. 

Kansas City Life Insurance Company
Condensed Consolidated Income Statement
(amounts in thousands, except share data)
	Quarter Ended						Year Ended
	December 31						December 31
	2025			2024			2025			2024
Revenues	$	121,526		$	116,035		$	485,450		$	490,803
Net income (loss)	$	972		$	(14,007)		$	(20,761)		$	(9,570)
Net income (loss) per share,   basic and diluted	$	0.10		$	(1.45)		$	(2.14)		$	(0.99)
Dividends paid	$	0.14		$	0.14		$	0.56		$	0.56
Average number of shares outstanding		9,683,414			9,683,414			9,683,414			9,683,414

 

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SOURCE Kansas City Life Insurance Company

FAQ

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

What did Kansas City Life (KCLI) report for Q4 2025 net income and EPS?

Kansas City Life reported Q4 2025 net income of $1.0 million, $0.10 per share. According to the company, this compares with a Q4 2024 net loss of $14.0 million, and reflects higher insurance and investment revenues and lower operating expenses.

Why did Kansas City Life (KCLI) record large legal accruals in 2024–2025?

The company recorded legal accruals related to class action lawsuits totaling $35.6M (Q2 2025) and $16.7M (Q4 2024), net of tax. According to the company, these accruals materially affected reported net income and were excluded for certain adjusted results.

What was Kansas City Life's full-year 2025 revenue and net result (KCLI)?

Kansas City Life reported full-year 2025 revenues of $485.45 million and a net loss of $20.8 million ($2.14/share). According to the company, adjusted results excluding legal accruals show positive net income of $14.8 million for 2025.

How did adopting new long-duration contract accounting affect Kansas City Life's (KCLI) reporting?

Kansas City Life adopted ASU 2018-12 effective January 1, 2025 and recast 2024 results for comparability. According to the company, the change revises measurement and disclosure for long-duration contracts and affects reported metrics starting in 2025.

What drove the quarter-over-quarter improvement in KCLI's Q4 2025 results?

Improvement was driven by higher insurance and investment revenues and lower operating expenses. According to the company, Q4 2024 included a $16.7M legal accrual that depressed prior-year results, boosting the year-over-year comparison.