Business

Kansas City Life reports lower quarterly profits and revenue

For the year, Kansas City Life Insurance Co. earned $29.2 million on revenue of $440.8 million, down from $29.9 million on revenue of $465 million in 2014.
For the year, Kansas City Life Insurance Co. earned $29.2 million on revenue of $440.8 million, down from $29.9 million on revenue of $465 million in 2014. Roy Inman Special to The Star

Kansas City Life Insurance Co. said profits and revenue declined in the fourth quarter largely because of a decline in investment income.

The company reported net income of $6.1 million in the three months that ended Dec. 31, down from $7.7 million in the final quarter of 2014.

Revenue fell to $108.9 million in the fourth quarter from $117.7 million in the year-earlier period.

For the year, Kansas City Life earned $29.2 million on revenue of $440.8 million, down from $29.9 million on revenue of $465 million in 2014.

The Star

This story was originally published March 11, 2016 at 10:02 AM with the headline "Kansas City Life reports lower quarterly profits and revenue."

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