KCLI - Kansas City Life Announces First Quarter 2025 Results

PR Newswire

KANSAS CITY, Mo. , May 1, 2025 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $1.9 million or $0.19 per share in the first quarter of 2025 compared to net income of $1.6 million or $0.16 per share in the first quarter of 2024.

This result included a $4.2 million or 6% decrease in policyholder benefits, net of reinsurance, and a  $0.9 million or 3% decline in operating expenses in the first quarter of 2025 compared to the first quarter of 2024.  In addition, we recorded an income tax benefit of $4.2 million in the first quarter of 2025 compared to an income tax expense of $0.4 million in the first quarter of 2024.  The increased tax benefit resulted from a one-time tax benefit recorded in the first quarter of 2025.  Partially offsetting these, insurance revenues decreased $3.1 million or 4% and total investment revenues decreased $5.3 million or 13%, largely due to a change in the fair value of certain investments compared to the prior year.

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 . For more information, please visit www.kclife.com .

SOURCE Kansas City Life Insurance Company