Kansas City Life Announces Second Quarter 2018 Results
The declines in the second quarter and first six months of 2018 reflected lower investment revenues that largely resulted from reduced reinvestment rates available in the marketplace. Additionally, increased policyholder benefits and amortization of deferred acquisition costs contributed to the declines. Partially offsetting these, operating expenses decreased. In addition, lower contract charges contributed to the decline in the second quarter of 2018.
Condensed Consolidated Income Statement (amounts in thousands, except share data) |
|||||||||||
Quarter Ended |
Six Months Ended |
||||||||||
2018 |
2017 |
2018 |
2017 |
||||||||
Revenues |
$ |
112,311 |
$ |
115,277 |
$ |
221,815 |
$ |
226,514 |
|||
Net income |
$ |
4,108 |
$ |
5,612 |
$ |
5,570 |
$ |
10,780 |
|||
Net income per share, basic and diluted |
$ |
0.43 |
$ |
0.58 |
$ |
0.58 |
$ |
1.11 |
|||
Dividends paid |
$ |
0.27 |
$ |
0.27 |
$ |
0.54 |
$ |
0.54 |
|||
Average number of shares outstanding |
9,683,414 |
9,683,414 |
9,683,414 |
9,683,414 |
|||||||
View original content:http://www.prnewswire.com/news-releases/kansas-city-life-announces-second-quarter-2018-results-300687195.html
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