Kansas City Life profits fall because of higher benefits, lower investment earnings

Kansas City Life Insurance Co. reported a $4.3 million profit in the first quarter, equal to 44 cents a share. A year ago, it earned $6.8 million, or 63 cents a share.

The company said earnings fell largely because of higher policyholder benefits and lower income from its investments. Profits in both quarters suffered from low interest rates, its announcement said.

Kansas City Life shares continue to trade publicly, but the company no longer submits financial reports to the Securities and Exchange Commission. It posts a financial report on its website.

It ended SEC registration of its shares in January because it had fewer shareholders than the minimum that requires registration.

This story was originally published April 29, 2016 at 11:05 AM with the headline "Kansas City Life profits fall because of higher benefits, lower investment earnings."