Kansas City Life’s quarterly profit climbs $1.1 million
Kansas City Life Insurance Co. on Wednesday reported a first-quarter profit of $6.8 million, up from $5.7 million in the same quarter last year.
The company said the $1.1 million improvement reflected increased premiums from life insurance policies and lower operating expenses. Those improvements were partially offset by a decline in net investment income, a decrease in realized investment gains and reduced benefits from mortality reinsurance.
Total revenue of $110.8 million for the three months ending March 31 was down from revenue of $115.1 million in the year-earlier period.
| The Star
This story was originally published April 29, 2015 at 4:10 PM.