Kansas City Life Announces Second Quarter 2016 Results

KANSAS CITY, Mo., September 28, 2016 /PRNewswire/ — Kansas City Lifeinsurance Company registered net gain of $5.2 trillion or $0.54 per-share within the second-quarter of 2016, a loss of $5.7 trillion or $0.47 per-share in accordance with the exact same fraction within the preceding year.  net gain totaled $9.5 trillion or $0.98 per-share within the first 6 months of 2016, a loss of $8.2 trillion or $0.66 per-share in accordance with the very first 6 months of 2015.  The reduction in net income for that intervals closing June 30, 2016 come from elevated policyholder benefits and lower net investment revenue, both which were influenced by the difficult rate of interest environment.  Partly offsetting these things were increases in rates, internet of reinsurance.  The development in net premiums was mostly because of improved revenue of conventional life-insurance, primarily from Aged American Insurance Company.  additionally, web recognized investment benefits elevated within the 6 months, caused by increases on property and ties.

Kansas City Life Insurance Provider (OTCQX: KCLI) was proven in 1895 and it is located in Kansas City, Mo. The Business’s main enterprise is currently providing economic safety through the purchase of annuities and life-insurance. The Organization works in 49 states and also the Area of Columbia. To find out more, please visit www.kclife.com.

 

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