Kansas City Life Announces Third Quarter 2019 Results
The decline in net income in the third quarter of 2019 compared to the third quarter of 2018 reflected higher policyholder benefits and operating expenses. Partially offsetting these was an increase in insurance revenues.
The improvement in net income in the first nine months of 2019 compared to the first nine months of 2018 primarily resulted from increases in insurance and investment revenues. These were partially offset by increases in policyholder benefits and operating expenses.
Condensed Consolidated Income Statement (amounts in thousands, except share data) |
|||||||||||
Quarter Ended |
Nine Months Ended |
||||||||||
|
|
||||||||||
2019 |
2018 |
2019 |
2018 |
||||||||
Revenues |
$ |
126,441 |
$ |
115,372 |
$ |
386,428 |
$ |
337,214 |
|||
Net income |
$ |
4,522 |
$ |
6,275 |
$ |
13,838 |
$ |
11,845 |
|||
Net income per share, basic and diluted |
$ |
0.47 |
$ |
0.64 |
$ |
1.43 |
$ |
1.22 |
|||
Dividends paid |
$ |
0.27 |
$ |
0.27 |
$ |
0.81 |
$ |
0.81 |
|||
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-third-quarter-2019-results-300956553.html
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