Kansas City Life Insurance Company released its third-quarter and nine-month 2026 earnings results on October 30, 2026, reporting net income of $1.7 million for the quarter ended September 30, 2026, down from $2.8 million in the same period of 2025.

Key Highlights

  • Q3 2026 net income: $1,738 thousand, or $0.18 per share, compared to $2,833 thousand, or $0.29 per share, in Q3 2025.
  • Nine-month net income: $19,077 thousand, or $1.97 per share, versus a net loss of $21,733 thousand, or $2.24 per share, in the first nine months of 2025.
  • Legal settlement accrual: A $35.5 million charge, net of tax, related to class action lawsuits was recorded in the second quarter of 2025, the company disclosed as the primary driver of the prior-year nine-month loss.
  • Q3 revenue decline: Total revenues for the quarter were $121,859 thousand, down from $123,524 thousand in Q3 2025, reflecting a $1.1 million decrease in insurance revenues and a $0.6 million decrease in investment revenues.
  • Nine-month investment revenue growth: Excluding the 2025 legal settlement accrual, the company attributed a $4.7 million, or 4%, increase in investment revenues as a key factor in the year-over-year improvement.
  • Dividends paid per share: $0.18 in Q3 2026, compared to $0.14 in Q3 2025; $0.54 for the nine months ended September 30, 2026, versus $0.42 in the same period of 2025.
  • Shares outstanding: Average shares outstanding were 9,683,414 for all periods presented.

Kansas City Life Insurance Reports Third-Quarter 2026 Earnings Decline and Nine-Month Turnaround

According to the filing, Kansas City Life Insurance Company (OTCQX:KCLI) recorded net income of $1,738 thousand, or $0.18 per share, in the third quarter of 2026, compared to $2,833 thousand, or $0.29 per share, in the third quarter of 2025. The company disclosed that the decline reflected a $1.1 million, or 1%, decrease in insurance revenues and a $0.6 million, or 1%, decrease in investment revenues relative to the prior year. These revenue declines were partially offset by a $0.8 million, or 3%, decrease in operating expenses, according to the filing.

For the nine months ended September 30, 2026, the company reported net income of $19,077 thousand, or $1.97 per share, compared to a net loss of $21,733 thousand, or $2.24 per share, in the first nine months of 2025. The filing identified the primary factor for this improvement as lower operating expenses, stemming largely from a $35.5 million legal settlement accrual, net of tax, related to class action lawsuits that was established in the second quarter of 2025. Excluding that accrual, the company disclosed that net income would have been $13.8 million, or $1.43 per share, in the first nine months of 2025, and that the nine-month 2026 result would have been $5.3 million, or 38%, higher than that adjusted prior-year figure, largely due to a $4.7 million, or 4%, increase in investment revenues.

Total revenues for the quarter ended September 30, 2026, were $121,859 thousand, compared to $123,524 thousand in the year-ago quarter. Nine-month revenues were $365,551 thousand in 2026 versus $363,924 thousand in 2025. The company noted it operates in 49 states and the District of Columbia and was established in 1895.

What Was Disclosed

The filing presents condensed consolidated income statement data for the quarter and nine months ended September 30, 2026, including net income, revenues, earnings per share, dividends paid, and average shares outstanding, alongside comparable prior-year figures.