Picture of Kansas City Life Insurance logo

KCLI — Kansas City Life Insurance News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsConservativeSmall CapNeutral

Kansas City Life Insurance Q1 profit surges on lower policyholder benefits

Overview

US life insurer's Q1 net income more than doubled yr/yr despite slight revenue decline

Company's higher net income driven by lower policyholder benefits and increased investment revenues

Q1 dividend rose to $0.18 per share from $0.14 last year

Outlook

Company did not provide specific guidance or outlook for future quarters or full year

Result Drivers

LOWER POLICYHOLDER BENEFITS - Co said a $3 mln or 5% decrease in policyholder benefits, driven by lower death and annuity benefits, boosted net income

HIGHER INVESTMENT REVENUES - Co reported a $1.8 mln or 5% increase in investment revenues

LOWER REALIZED LOSSES - Co said realized losses were lower, mainly due to changes in fair value of certain investments

Company press release: ID:nPn2pqfhca

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$117.81 mln
Q1 Net Income$9.57 mln
Q1 Basic EPS$0.99
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Kansas City Life Insurance

See all news