Financial Performance - Kansas City Life Insurance Company reported a net loss of $28.1 million or $2.90 per share in Q2 2025, a significant decline from a net income of $4.7 million or $0.49 per share in Q2 2024 [1] - For the first six months of 2025, the company recorded a net loss of $26.2 million or $2.71 per share, compared to a net income of $6.3 million or $0.65 per share in the same period of 2024 [3] Legal Settlement Impact - The primary reason for the decrease in net income in both Q2 and the first half of 2025 was the establishment of a legal settlement accrual of $35.5 million, net of tax, related to potential class action lawsuits [1][3] - Excluding the legal settlement accrual, net income for Q2 2025 would have been $7.5 million or $0.77 per share, and for the first six months, it would have been $9.3 million or $0.96 per share [2][4] Revenue Analysis - Total revenues for Q2 2025 were $122.3 million, slightly down from $122.5 million in Q2 2024, while revenues for the first six months of 2025 were $241.3 million, down from $249.8 million in the same period of 2024 [6] - The improvement in net income, when excluding the legal settlement accrual, was attributed to higher investment revenues and lower policyholder benefits, although this was partially offset by a decline in insurance revenues [2][4] Company Overview - Kansas City Life Insurance Company, established in 1895, is based in Kansas City, Missouri, and primarily provides financial protection through life insurance and annuities [5]