Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Kansas City Life Insurance Q3 net income falls on lower insurance, investment revenues

By Reuters News


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


Reuters Recommended Reads

  • Oct 28 - Kemper swings to preliminary Q3 profit as auto underwriting improves

  • Oct 28 - Employers Holdings Q3 net premiums earned falls

  • Oct 29 - Employers Holdings swings to Q3 profit


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.