|Kansas City, MO.
Kansas City Life Insurance Company recorded net income of $1.5 million or $0.15 per share in the first quarter of 2018, a decrease of $3.7 million or $0.38 per share relative to the first quarter of 2017. The decline in the first quarter of 2018 reflected lower investment revenues, largely related to reduced reinvestment rates available in the marketplace. In addition, operating expenses and amortization of deferred acquisition costs increased. Partially offsetting these, insurance revenues from both premiums and contract charges increased and policyholder benefits decreased.
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.
View the Condensed Consolidated Income Statement