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Kansas City Life Announces Second Quarter 2021 Results
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Kansas City Life Announces Second Quarter 2021 Results
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Kansas City Life Announces First Quarter 2021 Results
April 30, 2021 GMT
KANSAS CITY, Mo., April 30, 2021 /PRNewswire/ Kansas City Life Insurance Company recorded a net loss of $0.7 million or $0.07 per share in the first quarter of 2021 compared to net income of $0.2 million or $0.02 per share in the first quarter of 2020.
The largest contributors in the decline in net income in 2021 compared to 2020 were a decrease in premiums, net of reinsurance, and an increase in policyholder benefits. The increase in policyholder benefits reflected higher death benefits. In addition, an increase in income tax expense also contributed to lower net income. Partially offsetting these were an increase in net realized investment gains and lower amortization of deferred acquisition costs compared to the prior year.
Kansas City Life Declares Quarterly Dividend
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KANSAS CITY, Mo., April 26, 2021 /PRNewswire/ The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on April 26, 2021. The dividend will be payable on May 12, 2021, to stockholders of record on May 6, 2021.
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
Kansas City Life Declares Quarterly Dividend
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