Kemper Corporation - KMPR STOCK NEWS

Kemper Corporation (NYSE: KMPR) will release its second quarter 2021 earnings on July 29, 2021, after market close. The earnings release, financial supplement, and Form 10-Q will be accessible via the investor section at kemper.com. A conference call to discuss the results is scheduled for the same day at 5:00 p.m. Eastern. With $14.2 billion in assets, Kemper specializes in personalized insurance solutions for over 6.3 million policies.

Kemper Corporation (NYSE: KMPR) announced a positive outlook revision from Moody’s Investors Service, citing improved profitability and a strong market position in non-standard personal auto insurance. Moody’s affirmed Kemper's Baa3 senior debt rating and A3 insurance financial strength ratings for its subsidiaries. The average return on capital was noted at 8.5% over the past three years, highlighting diversified revenues from its insurance segments. CEO Joseph P. Lacher Jr. emphasized the company's strategic intent to serve niche markets effectively.

Kemper Corporation (NYSE: KMPR) has appointed Joseph P. Lacher, Jr. as chairman of the board, in addition to his roles as president and CEO. Lacher succeeds Robert J. Joyce, who transitions to independent lead director. Lacher, in his tenure as CEO, has established a strategic vision for Kemper's growth, which has garnered confidence from the board. Additionally, Kemper declared a quarterly dividend of $0.31 per share, payable on June 1, 2021. The company, with $14.2 billion in assets, serves over 6.3 million policies through its diverse insurance brands.

Kemper Corporation (NYSE: KMPR) reported a net income of $123.2 million ($1.85 per diluted share) for Q1 2021, up from $64 million ($0.95 per share) in Q1 2020. This included a $41.2 million after-tax gain from equity securities. Adjusted Consolidated Net Operating Income was $87.2 million ($1.31 per share), down from $162.9 million ($2.43 per share) a year earlier. Total revenues increased by 10% to $1.35 billion, driven by higher earned premiums and investment gains. The company also repurchased $47 million in shares and raised its annual dividend to $1.24 per share.

Kemper Corporation (NYSE: KMPR) will release its first quarter 2021 earnings on April 29, 2021, after market close, accompanied by a financial supplement and Form 10-Q. Investors can access this information on the company's website. A conference call is scheduled for the same day at 5:00 p.m. Eastern, accessible by phone or via webcast. The company anticipates pre-tax catastrophe losses of $26 million to $29 million due to winter weather events, with no expected recovery from reinsurance.

Kemper Corporation (NYSE: KMPR) has completed its acquisition of American Access Casualty Company (AAC) and its related insurance agency, valued at approximately $370 million. This strategic move enhances Kemper's specialty auto insurance franchise in states including Arizona, Illinois, Indiana, Nevada, and Texas. Duane Sanders, President of Kemper’s P&C Division, emphasized the transaction’s potential for increased reach and scale, as well as access to underserved markets through expanded distribution channels.

Kemper Corporation (NYSE: KMPR) announced that President and CEO Joseph P. Lacher, Jr. and CFO James J. McKinney will present virtually at the Raymond James 42nd Annual Institutional Investors Conference on March 2 at 3:50 p.m. Eastern. The presentation will be available for live webcast on Kemper's investor section, with an archived version following. Kemper is a leading insurer, managing $14.3 billion in assets and serving over 6.2 million policies through a network of 30,000 agents.

Kemper Corporation (NYSE: KMPR) has announced a 3.3% increase in its quarterly dividend to $0.31 per share, up from the previous $0.30 per share. This new dividend results in an annualized amount of $1.24, compared to $1.20 previously. The dividend will be payable on March 2, 2021 to shareholders of record by February 16, 2021. Kemper's President & CEO, Joseph P. Lacher, Jr., stated that the increase reflects confidence in the company's ability to achieve sustained growth and highlights a strong financial position.

Kemper Corporation (NYSE: KMPR) reported a fourth quarter 2020 net income of $97.5 million ($1.46 per diluted share), down from $124.7 million ($1.85) in Q4 2019. The results included a $57.8 million after-tax gain from equity and convertible securities. Adjusted net operating income rose to $105.8 million ($1.59) from $97.9 million ($1.45). Specialty P&C premiums increased by $83 million (10%), while Life & Health net operating income fell to $9 million due to pandemic-related losses. The company announced its acquisition of American Access, enhancing its specialty auto expertise.