Kansas City Life reports a small increase in quarterly profits
04/30/2014 4:29 PM
04/30/2014 7:03 PM
Kansas City Life Insurance Co. on Wednesday reported a dip in first-quarter revenue but a small increase in profits.
The company said it generated revenue of $115.1 million in the three months that ended March 31, down from $123.7 million in the first quarter of 2013.
Profits of $5.5 million in the first quarter were about $300,000 higher than in the year-earlier period.
Kansas City Life said an increase in contract charges, reduced interest credited to policyholder accounts and lower policyholder benefits were offset by a decline in net investment income and lower annuity premiums.
Join the Discussion
The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.