KCLI

Kansas City Life Announces Second Quarter 2022 Results

Retrieved on: 
Friday, July 29, 2022
Sale, Total, Kansas City Life Insurance Company, District, OTCQX, Company, KCLI, Income, Life insurance

KANSAS CITY, Mo., July29, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarter of 2022, an increase of $0.2 million or $0.02 per share relative to the second quarter of 2021.

Key Points: 
  • KANSAS CITY, Mo., July29, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $4.5 million or $0.46 per share in the second quarter of 2022, an increase of $0.2 million or $0.02 per share relative to the second quarter of 2021.
  • Total investment revenues declined in both the second quarter and first six months of 2022 compared to the same periods in the prior year.
  • 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 June 30, 2022, for additional information, which is available at www.kclife.com .

Kansas City Life Announces First Quarter 2022 Results

Retrieved on: 
Friday, April 29, 2022
Company, OTCQX, KCLI, Income, Acquisition, COVID-19, District, Sale, Kansas City Life Insurance Company, Life insurance

KANSAS CITY, Mo., April 29, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $7.7 million or $0.79 per share in the first quarter of 2022 compared to a net loss of $0.7 million or $0.07 per share in the first quarter of 2021.

Key Points: 
  • KANSAS CITY, Mo., April 29, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $7.7 million or $0.79 per share in the first quarter of 2022 compared to a net loss of $0.7 million or $0.07 per share in the first quarter of 2021.
  • The largest factor in the decline in net income in the first quarter of 2022 compared to the first quarter of 2021 was an increase in policyholder benefits, largely from death benefits, net of reinsurance.
  • 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: 
Tuesday, April 26, 2022
Death, Board of directors, Board, Financial Security Assurance, Kansas City Life Insurance Company, KCLI, COVID 19, Company, COVID, Environment, OTCQX, District, Sale, Holding company, Insurance

KANSAS CITY, Mo., April 25, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on April 25, 2022.

Key Points: 
  • KANSAS CITY, Mo., April 25, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.14 per share on April 25, 2022.
  • This amount of the dividend represents a significant reduction in the quarterly dividend that has been paid by the Company since the start of 2001.
  • We are confident about what is ahead for Kansas City Life."
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Announces Election of Walter E. Bixby as President and Chief Executive Officer

Retrieved on: 
Monday, April 25, 2022
Board, Kansas City Life Insurance Company, KCLI, District, Penn State Board of Trustees, OTCQX, Sale, Director, Company, Australian Energy Market Operator, Retirement, Marketing, Assistant, Management

KANSAS CITY, Mo., April 25, 2022 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that the Board of Directors has elected Walter E. "Web" Bixby, LLIF, as President and Chief Executive Officer of Kansas City Life Insurance Company.

Key Points: 
  • KANSAS CITY, Mo., April 25, 2022 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that the Board of Directors has elected Walter E. "Web" Bixby, LLIF, as President and Chief Executive Officer of Kansas City Life Insurance Company.
  • He is currently also Vice Chairman of the Board of Kansas City Life, President of Old American Insurance Company, President and Chief Executive Officer of Grange Life Insurance Company.
  • He was elected Assistant Vice President of the Company in 1985; Vice President, Marketing in 1990; Vice President, Marketing Operations in 1992; President of Old American in 1996, Vice Chairman of the Board in 2005; Executive Vice President in 2012; Chief Executive Officer of Grange Life in 2018, and President of Grange Life in 2022.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Announces Retirement of R. Philip Bixby

Retrieved on: 
Tuesday, March 15, 2022
125th, Director, OTCQX, Leadership, District, Kansas City Life Insurance Company, Time, Industry, Financial Security Assurance, KCLI, Sale, Board, Company, Management

KANSAS CITY, Mo., March 15, 2022 /PRNewswire/ -- R. Philip Bixby, President, Chief Executive Officer, and Chairman of the Board of Kansas City Life Insurance Company (the "Company") announced today that he will retire as President and Chief Executive Officer effective during the April 25, 2022, meeting of the Board of Directors, at which time his successor will be elected.

Key Points: 
  • KANSAS CITY, Mo., March 15, 2022 /PRNewswire/ -- R. Philip Bixby, President, Chief Executive Officer, and Chairman of the Board of Kansas City Life Insurance Company (the "Company") announced today that he will retire as President and Chief Executive Officer effective during the April 25, 2022, meeting of the Board of Directors, at which time his successor will be elected.
  • Kansas City Life celebrated its 125th year in business on May 1, 2020.
  • Mr. Bixby stated, "It has been my privilege to work with the great people of Kansas City Life for the last 45 years, and an honor to serve as President since 1998.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Announces Fourth Quarter 2021 Results

Retrieved on: 
Friday, March 4, 2022
Income, Sale, KCLI, Company, OTCQX, COVID-19, Kansas City Life Insurance Company, Mortality, Insurance, Annual report, District, Acquisition, Environment, Life insurance

KANSAS CITY, Mo., March 4, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $13.1 million or $1.36 per share in the fourth quarter of 2021 compared to a net loss of $0.8 million or $0.07 per share in the fourth quarter of 2020.

Key Points: 
  • KANSAS CITY, Mo., March 4, 2022 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $13.1 million or $1.36 per share in the fourth quarter of 2021 compared to a net loss of $0.8 million or $0.07 per share in the fourth quarter of 2020.
  • The largest factor in the increase in net income in the fourth quarter of 2021 compared to the fourth quarter of 2020 was an increase in net investment gains, reflecting the sale of an industrial real estate property.
  • In addition, we completed the sale of our subsidiary Sunset Life Insurance Company in the fourth quarter of 2021, which generated a gain.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Announces Retirement of Philip A. Williams and the Promotions of David A. Laird and Ellee P. Sibbing

Retrieved on: 
Friday, February 4, 2022
District, Retirement, CEO, Leadership, Finance minister, Sale, Executive Committee, Assistant, KCLI, Kansas City Life Insurance Company, Board, Controller, Railway Executive Committee, Finance department, Punjab (Pakistan), Company, Senior, Security (finance), Director, OTCQX, Comptroller, Management

KANSAS CITY, Mo., Feb. 4, 2022 /PRNewswire/ -- Kansas City Life Insurance Company (the "Company") announced today that Philip A. Williams, Senior Vice President, Finance, and a member of the Board of Directors, will retire from the Company effective February 4, 2022.

Key Points: 
  • Mr. David A. Laird has been elected to succeed Mr. Williams as Senior Vice President, Finance upon the effective date of Mr. Williams' resignation.
  • Mr. Laird has also been elected to the Board of Directors effective upon Mr. Williams retirement from the Board to fill that unexpired term.
  • Ms. Elishia ("Ellee") P. Sibbing has been elected to succeed Mr. Laird as the Company's Vice President and Controller effective upon the promotion of Mr. Laird.
  • 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, January 25, 2022
Board, District, Sale, KCLI, Kansas City Life Insurance Company, OTCQX, Company, Board of directors, Holding company, Insurance, Mobile phone operator

KANSAS CITY, Mo., Jan. 24, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on January 24, 2022.

Key Points: 
  • KANSAS CITY, Mo., Jan. 24, 2022 /PRNewswire/ -- The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on January 24, 2022.
  • The dividend will be payable on February 9, 2022, to stockholders of record on February 3, 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 Announces Sale of Sunset Life

Retrieved on: 
Tuesday, November 2, 2021
Kansas City Life Insurance Company, Life, OTCQX, District, LLC, Company, Board, Growth, KCLI, Sale, Financial Security Assurance, Financial services

KANSAS CITY, Mo., Nov. 2, 2021 /PRNewswire/ -- Kansas City Life Insurance Company ("Kansas City Life') announced today that it has sold Sunset Life Insurance Company of America, Inc. ("Sunset Life"), a wholly-owned subsidiary, to Bona Holdings, LLC, effective on November 1, 2021.

Key Points: 
  • KANSAS CITY, Mo., Nov. 2, 2021 /PRNewswire/ -- Kansas City Life Insurance Company ("Kansas City Life') announced today that it has sold Sunset Life Insurance Company of America, Inc. ("Sunset Life"), a wholly-owned subsidiary, to Bona Holdings, LLC, effective on November 1, 2021.
  • Sunset Life was founded in 1937 and acquired by Kansas City Life in 1974.
  • "Kansas City Life had a wonderful relationship with Sunset Life and its customers for over 45 years," said R. Philip Bixby, President, Chief Executive Officer and Chairman of the Board of Kansas City Life.
  • Kansas City Life Insurance Company (OTCQX: KCLI) was established in 1895 and is based in Kansas City, Missouri.

Kansas City Life Announces Third Quarter 2021 Results

Retrieved on: 
Friday, October 29, 2021
KCLI, Mortality, Income, OTCQX, Net, Acquisition, Insurance, District, Company, Sale, Environment, Kansas City Life Insurance Company, COVID-19, Life insurance

KANSAS CITY, Mo., Oct. 29, 2021 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $6.0 million or $0.62 per share in the third quarter of 2021 compared to a net loss of $1.2 million or $0.13 per share in the third quarter of 2020.

Key Points: 
  • KANSAS CITY, Mo., Oct. 29, 2021 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $6.0 million or $0.62 per share in the third quarter of 2021 compared to a net loss of $1.2 million or $0.13 per share in the third quarter of 2020.
  • The largest factors in the increase in net loss in the third quarter of 2021 compared to the third quarter of 2020 was an increase in death benefits net of reinsurance ceded and a decrease in insurance revenues.
  • 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, 2021 for additional information, which is available at www.kclife.com .