STOCK TITAN

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.

Rhea-AI Summary

The Kemper Foundation has awarded grants to 15 bilingual literacy teachers in Dallas County, Texas, as part of its Read Conmigo program. Each grant totals $3,000, aimed at enhancing bilingual literacy skills and educational resources for Latino and Hispanic students. This initiative, which began in Los Angeles in 2022, aims to distribute up to 100 grants annually across selected cities.

Barbara Ciesemier, President of the Kemper Foundation, emphasized the importance of supporting bilingual classroom teachers to positively impact students' educational and social opportunities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.17%
Tags
none
-
Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) announced that its CEO Joseph P. Lacher, Jr. and CFO James J. McKinney will participate in a live fireside chat at the Raymond James 44th Annual Institutional Investors Conference on Monday, March 6, at 4:35 p.m. Eastern time. The event will be webcast live, and interested participants are encouraged to register via Kemper's investor website at least 15 minutes prior. Kemper, a leading specialized insurer with approximately $13 billion in assets, provides personalized insurance solutions to over 5.3 million policies and is represented by around 29,000 agents nationwide.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.7%
Tags
conferences
-
Rhea-AI Summary

The Kemper Foundation has awarded grants to 15 bilingual literacy teachers in the greater Los Angeles area as part of its Read Conmigo program. This initiative aims to enhance bilingual literacy skills and improve educational opportunities for Latino and Hispanic students. Each selected teacher receives a grant of $3,000 for educational resources. The program has expanded since its inception in 2022, and a total of 100 grants are expected to be awarded annually, with 65 grants given to LA-area teachers to date. The foundation emphasizes its commitment to supporting bilingual educators and improving outcomes for students in bilingual classrooms.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
none
Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) reported a net loss of $55.5 million, or $(0.87) per diluted share, for Q4 2022, an improvement from a $105.8 million loss in Q4 2021. Adjusted for acquisitions, the loss was $52.5 million. Total revenues decreased by $117.2 million (8%) to $1.377 billion, driven by lower premiums across segments. Net investment income fell by $2.1 million. Notably, commercial vehicle premiums grew 33% year-over-year, and life insurance performance improved due to moderating mortality rates. Kemper declared a dividend of $0.31 per share, maintaining its commitment to shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.75%
Tags
none
-
Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) announced the election of Alberto J. Paracchini as a Director, effective February 1, following Robert J. Joyce's decision to retire at the end of his term on May 4, 2023. Paracchini, with nearly 20 years in financial services, is currently CEO of Byline Bank and has experience in various financial roles. His election expands Kemper's board to 12 members, with 10 being independent. Joyce praised the leadership and strategic direction of Kemper during his tenure on the board since August 2012, expressing confidence in the company's future.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
management
-
News
Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share. This dividend will be payable on February 28, 2023, to shareholders recorded as of February 13, 2023. With approximately $13 billion in assets, Kemper is known for providing personalized insurance solutions across its Auto, Personal Insurance, and Life brands. The company serves over six million policies and is backed by a network of 33,500 agents, highlighting its commitment to customer needs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
Tags
dividends
Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) will host an in-person Investor Day on March 9, 2023, in New York City. The event will feature insights from President and CEO Joseph P. Lacher, Jr., CFO James J. McKinney, and the management team, focusing on Kemper's competitive position and key initiatives.

Attendance is by invitation only, with advance registration required for institutional investors and analysts. Interested parties should contact Karen Guerra at investors@kemper.com. The presentations will be available via a live webcast on Kemper's Investor Relations website, along with supporting materials.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
conferences
-
Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) will release its fourth quarter 2022 earnings on February 2, 2023, after market close. The preliminary results indicate a net loss between $50 million and $65 million, and an adjusted net operating loss of $25 million to $35 million. The company reported combined ratios for Kemper Auto at 109% and Kemper Personal Insurance at 111% for Q4. Notably, the fourth quarter was affected by increased claim reserves and prior-year reserve development losses totaling $8 million. Despite these challenges, there was a favorable prior year reserve development of $17 million for the year. A conference call is scheduled for February 2, 2023, at 5:00 PM Eastern.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
-
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) has successfully completed the sale of Reserve National Insurance Company and its subsidiaries to Medical Mutual of Ohio, following necessary regulatory approvals. The transaction provides Kemper with approximately $88 million in cash. CEO Joseph P. Lacher, Jr. stated this marks a significant step in Kemper's strategic initiatives, allowing them to concentrate on core capabilities and enhance stakeholder value. With about $13 billion in assets, Kemper continues to serve over six million policies across its various insurance brands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
none

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.

Kemper Corporation

NYSE:KMPR

KMPR Rankings

KMPR Stock Data

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