KANSAS CITY - Kansas City Life Insurance Company (OTCQX: KCLI), a provider of life insurance and annuities, announced the appointment of Eileen M. Hutchinson to its Board of Directors, effective as of Monday. Hutchinson, who retired as the Vice President of Finance and Chief Financial Officer of the Government Employee Health Association, Inc. (GEHA) in 2016, brings extensive financial expertise to the role.
Hutchinson's career includes senior financial positions at the Epoch Group, LLC, Blue Cross Blue Shield of Kansas City, and experience in public accounting. She holds the certified public accountant (CPA) and chartered global management accountant (CGMA) designations.
Since her retirement, she has been active on various boards and committees, contributing to professional organizations and not-for-profit entities, as well as participating in charitable work within the Kansas City area.
Chairman of the Board R. Philip Bixby expressed confidence in Hutchinson's appointment, highlighting her financial leadership and industry knowledge as valuable assets to the company's mission of providing "Security Assured" to its customers.
Hutchinson will fill the vacancy left by the retirement of Cecil R. Miller and will serve on the Board until the term expires in April 2025. She will also join the Audit Committee.
Founded in 1895 and headquartered in Kansas City, Missouri, Kansas City Life Insurance Company operates across 49 states and the District of Columbia. Hutchinson's appointment is part of the company's ongoing efforts to strengthen its governance and oversight capabilities.
This news is based on a press release statement from Kansas City Life Insurance Company.
In other recent news, Kansas City Life Insurance Company disclosed that its Board of Directors has sanctioned a quarterly dividend of $0.14 per share. This dividend, following the company's enduring practice of returning value to its shareholders, is scheduled for payment to eligible shareholders recorded as of a recent date.
The announcement underscores the company's dedication to a steady dividend policy. These are recent developments that investors should note. Despite not offering a comprehensive view of the company, the facts presented are based on a press release statement from Kansas City Life Insurance Company. The company's ongoing activities and financial decisions, such as this dividend declaration, are crucial for investors to consider.
InvestingPro Insights
In the wake of Eileen M. Hutchinson's appointment to the Board of Directors at Kansas City Life Insurance Company (OTCQX: KCLI), the company's financial health and market performance are of particular interest to investors. According to real-time data from InvestingPro, Kansas City Life Insurance boasts a robust Market Cap of approximately $363.13 million. This reflects the company's substantial presence in the insurance industry.
With a P/E Ratio standing at 6.61, as of the last twelve months ending Q4 2023, the valuation of KCLI appears reasonable relative to its earnings, suggesting that investors may find the stock to be an attractive option. The company has demonstrated a significant Revenue Growth of 17.26% during the same period, indicating a strong upward trajectory in its financial performance.
InvestingPro Tips highlight the company's PEG Ratio of 0.02, which suggests that the stock may be undervalued based on its earnings growth. Moreover, the Price / Book ratio of 0.6 points to a potential undervaluation of the company's assets compared to its share price. Investors considering KCLI will find these metrics particularly valuable when assessing the company's market position and growth potential.
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