Legal settlement accrual

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Kansas City Life Announces Second Quarter 2025 Results
Prnewswire· 2025-08-01 16:17
KANSAS CITY, Mo., Aug. 1, 2025 /PRNewswire/ -- Kansas City Life Insurance Company recorded a net loss of $28.1 million or $2.90 per share in the second quarter of 2025 compared to net income of $4.7 million or $0.49 per share in the second quarter of 2024. The primary factor in the decrease in net income in the second quarter of 2025 was the establishment of a legal settlement accrual of $35.5 million, net of tax, related to a potential settlement of class action lawsuits. Excluding this legal settlement a ...