Kansas City Life Insurance Q3 net income falls on lower insurance, investment revenues
Overview
US life insurer's Q3 net income declined yr/yr, driven by lower insurance and investment revenues
Net income for first nine months rebounded from prior-year loss, helped by lower operating expenses
Company raised quarterly dividend to $0.18 per share from $0.14 last year
Outlook
Company did not provide specific financial guidance for upcoming quarters or full year in its press release
Result Drivers
INSURANCE AND INVESTMENT REVENUE DROP - Lower insurance and investment revenues contributed to Q3 net income decline
OPERATING EXPENSES - Lower operating expenses partially offset revenue declines in Q3
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $121.86 mln | ||
Q3 Net Income | $1.74 mln | ||
Q3 EPS | $0.18 |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)