Kansas City Life Announces Third Quarter 2025 Results

Core Insights - Kansas City Life Insurance Company reported a net income of $3.2 million or $0.33 per share for Q3 2025, an increase from $1.3 million or $0.14 per share in Q3 2024, driven by higher investment revenues and lower policyholder benefits due to a decline in death benefits, net of reinsurance [1] - For the first nine months of 2025, the company recorded a net loss of $23.0 million or $2.38 per share, compared to a net income of $7.6 million or $0.79 per share in the same period of 2024, primarily due to a legal settlement accrual of $35.5 million, net of tax [1] - Excluding the legal settlement accrual, net income for the first nine months of 2025 would have been $12.5 million or $1.29 per share, with the increase attributed to lower policyholder benefits, although this was partially offset by a decrease in insurance revenues [1] Financial Performance - Revenues for Q3 2025 were $123.8 million, slightly down from $125.1 million in Q3 2024, while revenues for the first nine months of 2025 were $365.1 million, down from $375.0 million in the same period of 2024 [3] - The average number of shares outstanding remained constant at 9,683,414 for both Q3 2025 and Q3 2024 [3] - The company declared a quarterly dividend of $0.14 per share on October 27, 2025, consistent with the previous quarter [5]