Kansas City Life Insurance's Q1 net income more than doubles to $9.6M on lower benefits and higher investment gains

Kansas City Life Insurance Company reported a net income of $9.6 million in Q1 2026, up from $4.2 million in Q1 2025. The increase was driven by a 5% decrease in policyholder benefits, mainly due to lower death and annuity benefits, and a 5% rise in investment revenues. Despite a 3% decline in insurance revenues from lower premiums, the company benefited from income tax advantages related to legal settlements. This strong start reflects improved operational efficiency and investment performance, positioning the company well for the rest of the year.