KCLI

Kansas City Life Announces Second Quarter 2023 Results

Retrieved on: 
Friday, July 28, 2023
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KANSAS CITY, Mo., July 28, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarters of both 2023 and 2022.

Key Points: 
  • KANSAS CITY, Mo., July 28, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarters of both 2023 and 2022.
  • The results for the second quarter of 2023 reflected higher investment revenues and lower amortization of deferred acquisition costs compared to the second quarter of 2022.
  • 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.

Kansas City Life Declares Quarterly Dividend

Retrieved on: 
Monday, July 24, 2023
OTCQX, KCLI, Kansas City Life Insurance Company, Sale, Holding company, Insurance, Financial services

KANSAS CITY, Mo., July 24, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on July 24, 2023.

Key Points: 
  • KANSAS CITY, Mo., July 24, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on July 24, 2023.
  • The dividend will be payable on Aug. 9, 2023, to stockholders of record on Aug. 3, 2023.
  • 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.

Kansas City Life Announces First Quarter 2023 Results

Retrieved on: 
Friday, April 28, 2023
OTCQX, KCLI, Investment, Kansas City Life Insurance Company, Sale, Insurance

KANSAS CITY, Mo., April 28, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $3.2 million or $0.33 per share in the first quarter of 2023 compared to a net loss of $7.7 million or $0.79 per share in the first quarter of 2022.

Key Points: 
  • KANSAS CITY, Mo., April 28, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $3.2 million or $0.33 per share in the first quarter of 2023 compared to a net loss of $7.7 million or $0.79 per share in the first quarter of 2022.
  • These results included improvements in premiums, net of reinsurance, and contract charges in the first quarter of 2023 compared to the first quarter of 2022.
  • Conversely, policyholder benefits were higher in the first quarter of 2023 than in the first quarter of 2022.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Declares Quarterly Dividend

Retrieved on: 
Tuesday, April 25, 2023
OTCQX, KCLI, Kansas City Life Insurance Company, Sale, Holding company, Insurance, Financial services

KANSAS CITY, Mo., April 24, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on April 24, 2023.

Key Points: 
  • KANSAS CITY, Mo., April 24, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on April 24, 2023.
  • The dividend will be payable on May 10, 2023, to stockholders of record on May 4, 2023.
  • 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.

Kansas City Life Announces Retirement of Director Nancy Bixby Hudson

Retrieved on: 
Saturday, April 1, 2023
OTCQX, American Insurance Company Building, KCLI, Kansas City Life Insurance Company, Retirement, Sale, Pension fund, Management

KANSAS CITY, Mo., March 31, 2023 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that Nancy Bixby Hudson, a member of the Board of Directors, has notified the Chairman of her retirement from the Board of Directors effective at the close of business on April 19, 2023.

Key Points: 
  • KANSAS CITY, Mo., March 31, 2023 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that Nancy Bixby Hudson, a member of the Board of Directors, has notified the Chairman of her retirement from the Board of Directors effective at the close of business on April 19, 2023.
  • Ms. Hudson is also retiring from the Board of subsidiary Old American Insurance Company and previously served on the Board of former subsidiary Sunset Life Insurance Company of America.
  • R. Philip Bixby, Chairman of the Board, thanked Ms. Hudson for her service to the Company and her counsel through the years.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Announces Fourth Quarter 2022 Results

Retrieved on: 
Monday, March 6, 2023
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KANSAS CITY, Mo., March 6, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $17.3 million or $1.79 per share in the fourth quarter of 2022 compared to net income of $13.1 million or $1.36 per share in the fourth quarter of 2021.

Key Points: 
  • KANSAS CITY, Mo., March 6, 2023 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $17.3 million or $1.79 per share in the fourth quarter of 2022 compared to net income of $13.1 million or $1.36 per share in the fourth quarter of 2021.
  • The largest factors in the decrease in net income for both the fourth quarter and year ended December 31, 2022, compared to the same periods in the prior year, were an increase in operating expenses and a decrease in net investment gains.
  • The increase in operating expenses was due to the accrual of a $28.4 million pretax legal reserve established in the fourth quarter of 2022 related to a class action lawsuit.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Declares Quarterly Dividend

Retrieved on: 
Monday, January 23, 2023
OTCQX, Kansas City Life Insurance Company, KCLI, Holding company, Insurance, Mobile telephony

KANSAS CITY, Mo., Jan. 23, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Jan. 23, 2023.

Key Points: 
  • KANSAS CITY, Mo., Jan. 23, 2023 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Jan. 23, 2023.
  • The dividend will be payable on Feb. 8, 2023, to stockholders of record on Feb. 2, 2023.
  • 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.

Kansas City Life Statement on Class Action Lawsuit Verdict

Retrieved on: 
Wednesday, December 14, 2022
KCLI, OTC, OTCQX, Court, Kansas City Life Insurance Company, Sale, Circuit court, Insurance

KANSAS CITY, Mo., Dec. 13, 2022 /PRNewswire/ -- As previously disclosed in its financial reports, Kansas City Life Insurance Company (the "Company") is a party to a class action lawsuit filed in the 16th Circuit Court for the State of Missouri (Jackson County) styled Karr v. Kansas City Life Insurance Company (the "Karr Action").

Key Points: 
  • KANSAS CITY, Mo., Dec. 13, 2022 /PRNewswire/ -- As previously disclosed in its financial reports, Kansas City Life Insurance Company (the "Company") is a party to a class action lawsuit filed in the 16th Circuit Court for the State of Missouri (Jackson County) styled Karr v. Kansas City Life Insurance Company (the "Karr Action").
  • On Dec. 9, 2022, the jury in the Karr Action delivered a verdict against the Company in the amount of $28.36 million.
  • The Karr Action includes a class of Missouri policyholders who purchased one of several different universal life policy forms issued between 1982 and 2008.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Announces Third Quarter 2022 Results

Retrieved on: 
Friday, October 28, 2022
Kansas City Life Insurance Company, District, Company, OTCQX, Acquisition, Sale, KCLI, Insurance

KANSAS CITY, Mo., Oct. 28, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.3 million or $0.45 per share in the third quarter of 2022 compared to a net loss of $6.0 million or $0.62 per share in the third quarter of 2021.

Key Points: 
  • KANSAS CITY, Mo., Oct. 28, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.3 million or $0.45 per share in the third quarter of 2022 compared to a net loss of $6.0 million or $0.62 per share in the third quarter of 2021.
  • The largest factors in the improvement in the third quarter of 2022 compared to the third quarter of 2021 were decreases in policyholder benefits, interest credited to policyholder account balances, and operating expenses.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.
  • Please refer to our Quarterly Report for the period ended September 30, 2022, for additional information, which is available at www.kclife.com .

Kansas City Life Declares Quarterly Dividend

Retrieved on: 
Monday, October 24, 2022
Kansas City Life Insurance Company, KCLI, Company, Board, Board of directors, OTCQX, Holding company, Mobile phone operator

KANSAS CITY, Mo., Oct. 24, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Oct. 24, 2022.

Key Points: 
  • KANSAS CITY, Mo., Oct. 24, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on Oct. 24, 2022.
  • The dividend will be payable on Nov. 9, 2022, to stockholders of record on Nov. 3, 2022.
  • Kansas City LifeInsuranceCompany (OTCQX:KCLI) wasestablished in 1895 and is based in Kansas City, Missouri.
  • TheCompany's primary business is providing financial protection through thesaleof life insuranceand annuities.