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Kemper Corporation - KMPR STOCK NEWS

Welcome to our dedicated page for Kemper Corporation news (Ticker: KMPR), a resource for investors and traders seeking the latest updates and insights on Kemper Corporation stock.

Kemper Corporation (symbol: KMPR) is a leading diversified insurance company in the United States, managing assets worth $8 billion. Kemper is committed to enhancing the insurance landscape by offering tailored solutions for individuals, families, and enterprises. The company provides a wide range of insurance products, including home, auto, life, health, and valuables insurance.

With a presence across all 50 states and the District of Columbia, Kemper services six million policies through a vast network of over 20,000 independent agents and brokers. Employing 6,000 dedicated associates, the company emphasizes exceptional customer service.

Kemper operates primarily through two segments: Specialty Property & Casualty Insurance and Life Insurance. The Specialty Property & Casualty segment covers personal and commercial lines for home and automotive products, whereas the Life Insurance segment offers various life and health insurance products.

Recent achievements highlight Kemper's robust financial health and industry reputation, with its rated underwriting companies receiving an A- (Excellent) rating from A.M. Best Company. This rating underscores the company's strong financial foundation and reliability in the insurance sector.

Current projects focus on enhancing customer experience and expanding product offerings. Kemper's commitment to innovation and personalized service positions it as a significant player in the insurance market.

For the latest updates and detailed information on Kemper Corporation's performance and developments, keep an eye on the latest news and reports.

News

Kemper Reports Fourth Quarter 2023 Operating Results*

Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) reported net income of $51.4 million, or $0.80 per diluted share, for the fourth quarter of 2023, compared to a net loss of $53.3 million, or $(0.84) per share, for the fourth quarter of 2022. Adjusted Consolidated Net Operating Income was $50.5 million, or $0.78 per diluted share, for the fourth quarter of 2023, compared to Adjusted Consolidated Net Operating Loss of $23.5 million, or $(0.36) per share, for the fourth quarter of 2022. Key themes of the quarter include: Specialty P&C underlying combined ratio improved 2.3% sequentially to 98.2%, Life business continues to produce stable earnings, Parent liquidity increased to $1.1 billion, up $325 million from prior quarter. The company achieved multi-year target of $150 million in expense savings in the first year of the program, and Bermuda optimization generated approximately $330 million of dividends to parent.
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Kemper Announces Schedule for Fourth Quarter 2023 Earnings Release and Preliminary Results

Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) expects to report net income and net operating earnings for the fourth quarter of 2023, with estimated net income and adjusted consolidated net operating income of between $45 million and $55 million. The company also provides details on preliminary fourth-quarter results, including combined ratios for Kemper Auto, catastrophe losses, after-tax income for Kemper Life, and parent liquidity. Additionally, strategic initiatives such as Bermuda Optimization, Cost Structure Initiatives, and Preferred P&C are discussed. The company will host a conference call to discuss the results on February 1, 2024.
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Kemper Announces Quarterly Dividend

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Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share. The dividend will be paid on November 30, 2023, to shareholders of record as of November 14, 2023.
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News

Kemper Reports Third Quarter 2023 Operating Results*

Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) reported a net loss of $146.3 million, or $(2.28) per share, for Q3 2023, compared to a net loss of $74.8 million, or $(1.17) per share, for Q3 2022. Adjusted Consolidated Net Operating Loss1 was $27.9 million, or $(0.44) per share, for Q3 2023, compared to $27.0 million, or $(0.43) per share, for Q3 2022. Specialty Auto Underlying Combined Ratio improved 1.5 points sequentially. Strategic initiatives on track to produce or exceed targeted benefits. Life business trends remain stable.
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Kemper Announces Schedule for Third Quarter 2023 Earnings Release and Preliminary Results

Rhea-AI Summary
Kemper Corporation reaffirms guidance and provides update on strategic initiatives. Preliminary results for Q3 2023 show estimated net loss between $140 million and $150 million. Kemper Auto recorded combined ratios above 100%. Rate increases filed and significant earned rate benefits expected in Q4 2023 and Q1 2024. Catastrophe losses for Q3 were approximately $7 million. Kemper Life reported after-tax income of approximately $15 million. Kemper Personal Insurance segment moved to non-core operations. Parent liquidity at approximately $800 million. Strategic initiatives on track. Company expects to generate a 2024 ROE of 10% or greater.
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The Kemper Foundation Opens Read Conmigo Grant Applications to Bilingual Educators in Dallas, Los Angeles and Miami

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The Kemper Foundation has opened its Read Conmigo bilingual educator grant application cycle for spring 2024 grants.
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Kemper Announces Appointment of Interim Chief Financial Officer

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Kemper Corporation appoints Bradley T. Camden as Interim CFO, initiating search for permanent CFO.
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The Kemper Foundation’s Read Conmigo Program Awards $150,000 in Grants to Bilingual Teachers

Rhea-AI Summary
The Kemper Foundation has awarded grants to 50 bilingual literacy schoolteachers in Dallas, greater Los Angeles, and Miami areas through its Read Conmigo program. The grants amount to $3,000 each and can be used for classroom resources and professional development. The program aims to strengthen bilingual literacy skills for Latino and Hispanic students. The feedback from award recipients has been positive, with gains in student metrics and assessments.
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Kemper Appoints Christopher Flint as President of Kemper Life

Rhea-AI Summary
Kemper Corporation has announced the appointment of Christopher Flint as President of Kemper Life. Flint brings over 25 years of experience in the financial services and insurance industries and will be responsible for accelerating the progress of Kemper Life. He has a strong background in transforming businesses and driving growth through transparency and talent engagement. Flint will report to Kemper's President, CEO, and Chairman and will be based in Chicago.
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Kemper Reports Second Quarter 2023 Operating Results

Rhea-AI Summary
KMPR reported a net loss of $97.1 million, or $(1.52) per share, for Q2 2023, compared to a net loss of $72.2 million, or $(1.13) per share, for Q2 2022. The net loss for Q2 2023 included a $45.5 million after-tax charge from the goodwill asset impairment related to the Preferred Property and Casualty Insurance segment. Specialty P&C reflects a six-point Underlying Combined Ratio improvement. Kemper anticipates continued improvement in underwriting performance in the second half of 2023, aiming to generate a return on equity equal to or greater than 10% in 2024.
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FAQ

What is the current stock price of Kemper Corporation (KMPR)?

The current stock price of Kemper Corporation (KMPR) is $65.06 as of December 20, 2024.

What is the market cap of Kemper Corporation (KMPR)?

The market cap of Kemper Corporation (KMPR) is approximately 4.1B.

What types of insurance does Kemper Corporation offer?

Kemper offers home, auto, life, health, and valuables insurance.

How many policies does Kemper service?

Kemper services six million policies.

How many states is Kemper licensed in?

Kemper is licensed to sell insurance in all 50 states and the District of Columbia.

How many agents and brokers represent Kemper?

Over 20,000 independent agents and brokers represent Kemper.

What segments does Kemper operate through?

Kemper operates through Specialty Property & Casualty Insurance and Life Insurance segments.

What is Kemper's AM Best rating?

Kemper's underwriting companies are rated A- (Excellent) by AM Best.

What is Kemper's asset value?

Kemper manages assets worth $8 billion.

How many employees does Kemper have?

Kemper employs 6,000 associates.

What recent achievements has Kemper made?

Kemper's recent achievements include maintaining an A- rating by AM Best and focusing on innovation and personalized service.

How can I get the latest updates on Kemper Corporation?

You can get the latest updates and detailed information through the latest news and reports on Kemper Corporation.

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Kemper Corporation

NYSE:KMPR

KMPR Rankings

#1402 Ranked by Market Cap
#1436 Ranked by Dividends

KMPR Stock Data

4.12B
61.04M
4.63%
85.66%
1.66%
Insurance - Property & Casualty
Fire, Marine & Casualty Insurance
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United States of America
CHICAGO