February 26, 2014 4:04 PM

Kansas City Life reports lower quarterly and annual profits

The insurance company said it earned $6.4 million in the final three months of 2013. Kansas City Life attributed the smaller profit to increased policyholder benefits, lower investment revenues and increased operating expenses. For the year, the company reported net income of $29.6 million, down from $39.9 million in 2012.

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