Kemper Corporation - KMPR STOCK NEWS

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share, payable on December 1, 2022, to shareholders of record as of November 15, 2022. With approximately $13 billion in assets, Kemper provides specialized insurance solutions across various sectors, serving over 6.0 million policies through around 33,500 agents and brokers. The company is committed to meeting the evolving needs of its customers with a workforce of approximately 10,100 associates.

Kemper Corporation (NYSE: KMPR) will release its third quarter 2022 earnings on November 2, 2022. Anticipated pre-tax catastrophe losses due to Hurricane Ian are estimated between $25 million and $30 million, with no expected recovery from reinsurance. The company does not forecast any adverse prior year development. Post-release, the earnings call is scheduled for 5:00 p.m. Eastern on the same day, accessible via phone or webcast. Kemper serves over 6.2 million policies and has approximately $14 billion in assets.

The Kemper Foundation has awarded $150,000 in grants to support bilingual educators in the Greater Los Angeles area as part of its new Read Conmigo program. A total of 50 educators received $3,000 each for resources and professional development aimed at enhancing bilingual literacy skills for Latino students. This initiative reflects the Foundation's commitment to improving education through substantial annual funding, with plans to expand the program to additional markets in the U.S. in the future.

AM Best has downgraded the Financial Strength Rating (FSR) of Kemper Corp.'s property/casualty and life/health subsidiaries to A- (Excellent) from A (Excellent), and the Long-Term Issuer Credit Ratings to 'a-' (Excellent) from 'a' (Excellent). This decision reflects prolonged earnings deterioration due to inflation and supply chain issues, particularly affecting Kemper P&C's operations in California. However, the outlook for Kemper Corp. has been revised to stable from negative. Additionally, Kemper is set to sell Reserve National Insurance Company for $90 million, pending regulatory approval.

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share, payable on August 29, 2022, to shareholders of record as of August 15, 2022. With approximately $14 billion in assets, Kemper offers personalized insurance solutions through its various brands, covering over 6.2 million policies. The company is committed to meeting the needs of its customers with a dedicated workforce of around 10,400 associates.

Kemper Corporation (NYSE: KMPR) reported a net loss of $74.7 million for Q2 2022, worsening from a $62.6 million loss in Q2 2021. Adjusted for acquisitions, the loss was $71.3 million, compared to $52.5 million last year. Major factors included a $32 million after-tax loss from equity and convertible securities. Despite lower revenues by 5% to $1.43 billion, the company experienced a 42% year-over-year growth in commercial vehicle premiums. Kemper declared a $0.31 dividend per share, indicating commitment to shareholder returns.

Kemper Corporation (NYSE: KMPR) has reached an agreement to sell Reserve National Insurance Company for $90 million to Medical Mutual of Ohio. This deal, pending regulatory approval, is expected to close in late 2022 or early 2023. Reserve National generates over $170 million in written premiums and specializes in accident and health insurance. Kemper aims to realign its focus toward its P&C and life insurance sectors post-transaction. The company is anticipated to report a gain upon completion.

Kemper Corporation (NYSE: KMPR) will release its second quarter 2022 earnings report, financial supplement, and Form 10-Q on August 1, 2022, after market close. A conference call to discuss the results will occur on the same day at 5:00 p.m. Eastern. The earnings report will be accessible on the investor section of kemper.com. Kemper is a leading specialized insurer with approximately $15 billion in assets, servicing over 6.4 million policies through its various insurance brands.

The Kemper Foundation has launched the Read Conmigo bilingual educator grant program, aimed at enhancing bilingual literacy skills among Latino students. Annually, up to 100 grants of $3,000 will be awarded to teachers in Spanish-English bilingual classrooms. The first grant cycle is focused on the Greater Los Angeles Area, with intentions to expand in Spring 2023. Applications for the Fall 2022 cycle are due by June 26, 2022. This initiative reflects the Foundation's commitment to supporting education and the benefits of bilingualism in the Latino community.