Kansas City Life Announces Second Quarter 2026 Results

KANSAS CITY, Mo., July 31, 2026 /PRNewswire/ -- Kansas City Life Insurance Company recorded net income of $7.8 million or $0.80 per share in the second quarter of 2026 compared to a net loss of $28.7 million or $2.96 per share in the second quarter of 2025. The primary factor for the increase in net income in the second quarter of 2026 was lower operating expenses compared to the prior year. Operating expenses were $45.0 million higher in the second quarter of 2025 from a legal settlement accrual related to class action lawsuits.

Excluding this legal settlement accrual, net income would have been $6.8 million or $0.71 per share in the second quarter of 2025. Excluding the legal settlement accrual, net income for the second quarter would have been $1.0 million or 14% higher in 2026 compared to the prior year. This increase in net income for the second quarter primarily resulted from a $3.5 million or 8% increase in investment revenues. This was partially offset by a $2.6 million or 4% increase in policyholder benefits compared to the prior year.