BNET Industries

Market Cap:$330.9M
Last Fiscal Year Sales:$439.2M
  • Public
  • US
Dow Jones Description

Founded in 1895 and headquartered in Kansas City, MO, Kansas City Life Insurance Company (NASDAQ-CM: KCLI) provides financial protection primarily through the sale of life insurance and annuities. It sells through a network of general agencies located throughout the United States, as well as third-party marketers. Its subsidiaries include Sunset Financial Services, which offers brokerage services, and Old American Insurance Company, which provides peace of mind to the senior market. The company, which operates in 49 states and the District of Columbia, had 2006 revenue of about $448.4 million and employs about 540 people. In June 2006, it signed an agreement whereby American Republic Insurance Company agents will market its insurance products.

President, Chief Executive Officer & Chairman
R. Philip Bixby
Number of Employees 512
Contact Information

3520 Broadway

PO Box 219139

Kansas City, Missouri 64111-2565

www.kclife.com

(816) 753-7000

NAICS Code Direct Life Insurance Carriers: 524113

Decision Makers

Name (plus bio) Position
Bruce Gordon Senior Vice President, Marketing
Charles Duffy Jr. Senior Vice President, Operations
Donald E. Krebs Senior Vice President, Marketing
Mark A. Milton Senior Vice President & Actuary
Robert Miller Senior Vice President, Admin Services
Tracy Knapp Senior Vice President, Finance
William Schalekamp General Counsel, Secretary & Senior Vice President
Bruce G. Olberding Vice President, Broker, Dealer
Dan L. Schick Vice President & Auditor
David Laird Vice President and Controller
J. Todd Salash Vice President, Computer Info Services
John L. Nogalski Vice President, Taxes
Peter Hathaway Vice President & Director, Medical
Philip A. Williams Vice President, Securities
Richard D. Ropp Vice President, Customer Services
Stephen E. Ropp Vice President, Operations Services
W. David Phillips Vice President, Group
Cheryl Keefer Assistant Secretary
Cecil R. Miller Director
Webb R. Gilmore Director

Board of Directors

Name (plus bio) Position
R. Philip Bixby President, Chief Executive Officer & Chairman
Bradford T. Nordholm Board of Directors
Daryl D. Jensen Board of Directors
E. Larry Winn Board of Directors
Michael Braude Board of Directors
Nancy Bixby Hudson Board of Directors
Richard L. Finn Board of Directors
Walter E. Bixby Vice Chairman
Warren J. Hunzicker Board of Directors
William R. Blessing Board of Directors

Mr. Bixby has been a Director of the Company since 1985. He was elected Assistant Secretary in 1979; Assistant Vice President in 1982; Vice President in 1984; Senior Vice President, Operations in 1990; Executive Vice President in 1996; President and CEO in April 1998, Vice Chairman of the Board in January 2000 and Chairman of the Board in 2005. Mr. Bixby is the brother of Walter E. Bixby and the cousin of Nancy Bixby Hudson. He is also Chairman and President of Sunset Life, Chairman of Old American and Director of Sunset Financial Services, subsidiaries.

Organization Position Status
Kansas City Life Insurance Company President, Chief Executive Officer & Chairman Current
Sunset Life Insurance Company President & CEO Current

Organization Position Status
Kansas City Life Insurance Company Senior Vice President, Marketing Current

Elected Vice President, Computer Information Services in 1989; Vice President, Insurance Administration in 1992; and to present position in 1996. Responsible for the Company’s Computer Operations, Customer Services, Claims, Agency Administration, New Business, Medical, Underwriting, Human Resources, Facility Services, Distribution Services, Printing and Office Services. Director of Sunset Life, Sunset Financial and Old American, subsidiaries.

Organization Position Status
Kansas City Life Insurance Company Senior Vice President, Operations Current

Elected Senior Vice President, Sales & Marketing in April 2004. Served as Vice President, Agency Marketing 2001- 2004, and Regional Vice President 1996-2001. Responsible for Individual Sales & Marketing efforts for Kansas City Life. Director and Vice President of Sales & Marketing for Sunset Life; Director and Vice President of Sunset Financial Services, subsidiaries.

Organization Position Status
Kansas City Life Insurance Company Senior Vice President, Marketing Current
Sunset Life Insurance Company Board of Directors Current

Elected Assistant Actuary in 1984; Assistant Vice President Associate Actuary in 1987; Vice President Associate Actuary in 1989; Vice President and Actuary in January 2000; and to present position in January 2001. Responsible for Actuarial Services, State Compliance and Group. Director, Vice President and Actuary of Sunset Life and Director of Old American, subsidiaries.

Organization Position Status
Kansas City Life Insurance Company Senior Vice President & Actuary Current
Sunset Life Insurance Company Board of Directors Current

Organization Position Status
Kansas City Life Insurance Company Senior Vice President, Admin Services Current

Organization Position Status
Old American Insurance Company CFO & Vice President Current
Kansas City Life Insurance Company Senior Vice President, Finance Current
Kansas City Life Insurance Company Board of Directors Current
Kansas City Life Insurance Company Principal Financial Officer Former

Mr. Schalekamp has been a Director of the Company since 2002. He was elected Assistant Counsel in 1973; Associate Counsel in 1975; Assistant General Counsel in 1980; Associate General Counsel in 1984; Vice President and Chief Compliance Officer/Associate General Counsel in January 2002, and to his present position in April 2002. He is responsible for the Legal Department, Office of the Secretary, Stock Transfer Department, and Market Compliance.

Organization Position Status
Kansas City Life Insurance Company General Counsel, Secretary & Senior Vice President Current
Kansas City Life Insurance Company Board of Directors Current

Organization Position Status
Kansas City Life Insurance Company Vice President, Broker, Dealer Current

Organization Position Status
Kansas City Life Insurance Company Vice President & Auditor Current

Elected the Company’s Vice President and Controller December 18, 2007. Chief Accounting Officer responsible for all corporate accounting reports. Mr. Laird has been with the Company since 1982, most recently as its Assistant Vice President and Assistant Controller. Mr. Laird replaced Brent C. Nelson who resigned November 26, 2007.

Organization Position Status
Kansas City Life Insurance Company Vice President and Controller Current

Organization Position Status
Kansas City Life Insurance Company Vice President, Computer Info Services Current

Organization Position Status
Kansas City Life Insurance Company Vice President, Taxes Current

Organization Position Status
Kansas City Life Insurance Company Vice President & Director, Medical Current

Organization Position Status
Kansas City Life Insurance Company Vice President, Securities Current

Organization Position Status
Kansas City Life Insurance Company Vice President, Customer Services Current

Organization Position Status
Kansas City Life Insurance Company Vice President, Operations Services Current

Organization Position Status
Kansas City Life Insurance Company Vice President, Group Current

Organization Position Status
Kansas City Life Insurance Company Assistant Secretary Current

Mr. Nordholm has been a Director of the Company since 2004. Mr. Nordholm is CEO of Starwood Energy Group Global LLC. He had previously been CEO of TYR Energy, Inc. and TYR Capital, LLC. He also served as Senior Vice President/General Manager Capacity Services for Aquila, Inc.

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current

Mr. Miller has been a Director of the Company since 2001. Mr. Miller is a retired partner of KPMG LLP (formerly Peat, Marwick, Mitchell & Co.) He joined KPMG in 1957 and became an audit partner specializing in insurance and agribusiness. He retired in 1990.

Organization Position Status
Kansas City Life Insurance Company Director Current

Mr. Jensen has been a Director of the Company since 1978. Mr. Jensen served as President of Sunset Life, a subsidiary of Registrant, from 1973 until his retirement in 1999. Mr. Jensen serves as a Director of Sunset Life. He also is on the Board of Directors of Central Valley Bank, Heritage Financial Corporation, Panorama City Corporation, and is Vice President, Finance of Western Institutional Review Board.

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current

Mr. Winn has been a Director of the Company since 1985. Mr. Winn is retired as the Kansas Third District Representative to the U.S. Congress.

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current

Mr. Braude has been a Director of the Company since 2006. From 1984 to 2000, he was President and CEO of the Kansas City Board of Trade. Mr. Braude also serves as a director of the Kansas City Board of Trade, Midwest Trust Co., Midwest Grain Products, Inc., and Hodgson Company. He is a past chairman of the National Grain Trade Council. He is a trustee of the Kansas Public Employees Retirement Fund, and a trustee of Midwest Research Institute. He writes a weekly column for the Kansas City Business Journal.

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current

Ms. Hudson has been a Director of the Company since 1996. Ms. Hudson is the cousin of R. Philip Bixby and Walter E. Bixby. She also serves as a Director of Sunset Life and of Old American, subsidiaries. She is an investor.

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current

Mr. Finn has been a Director of the Company since 2004. He was elected Vice President in 1976; Financial Vice President in 1983; and to Senior Vice President, Finance in 1984. He previously served as a Director of the Company from 1983 to 2002 when he retired from the Company.

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current

Organization Position Status
Old American Insurance Company Chairman Current
Kansas City Life Insurance Company Vice Chairman Current
Kansas City Life Insurance Company Board of Directors Former

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current

Organization Position Status
Kansas City Life Insurance Company Director Current

Mr. Blessing has been a Director of the Company since 2001. Mr. Blessing has retired as Senior Vice President, Corporate Strategy and Development, Embarq, a position he held since the company became independent in 2006. He has held similar duties with Sprint and related entities in various capacities since 1981. He also serves on the Board of various charitable groups.

Organization Position Status
Kansas City Life Insurance Company Board of Directors Current
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     KCLI $28.41 +0.72 (2.60% )
Average Volume 19,931
Shares Outstanding 11.65M
Market Cap 331.0M
Year High 49.39
Year Low 15.2
Earnings Per Share 0.13
P/E Ratio 218.54
Dividend 1.08
Yield 3.80
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