Kemper Corporation - KMPR STOCK NEWS

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share, payable on May 31, 2022, to shareholders of record as of May 16, 2022. Additionally, Kemper has appointed Stuart B. Parker as the new independent lead director, succeeding Robert J. Joyce. Joyce, who served as chairman from November 2015 to May 2021, will remain on the board. Kemper specializes in insurance solutions with approximately $15 billion in assets, serving over 6.4 million policies.

Kemper Corporation (NYSE: KMPR) reported a net loss of $94.8 million, or $(1.49) per diluted share, for Q1 2022, compared to a net income of $123.2 million, or $1.85 per diluted share, in Q1 2021. Adjusted for acquisitions, the net loss was $91.3 million. Revenue increased by 3% to $1,388.7 million, driven by higher Specialty P&C earned premiums, despite a decline in personal automobile policies. Debt offerings have strengthened liquidity to $1.2 billion. A quarterly dividend of $0.31 per share was declared.

Kemper Corporation (NYSE: KMPR) will release its first quarter 2022 earnings on May 2, 2022, after market close. The earnings release, financial supplement, and Form 10-Q will be available on kemper.com. A conference call to discuss these results is scheduled for 5:00 p.m. Eastern on the same day, accessible via 844.200.6205 or online. Kemper, with approximately $15 billion in assets, serves over 6.5 million policies through its insurance brands, aiming to provide affordable personalized solutions.

Kemper Corporation (NYSE: KMPR) has announced a registered offering of $150 million in 5.875% Fixed-Rate Reset Junior Subordinated Debentures due in 2062. The funds will be used for general corporate purposes, including working capital and potential acquisitions. The offering is expected to close on March 10, 2022, subject to customary conditions. The transaction is managed by Wells Fargo Securities, BofA Securities, and Morgan Stanley. This announcement follows Kemper's strategy to strengthen its financial position and support its insurance business.

Kemper Corporation (NYSE: KMPR) will participate in a fireside chat at the Raymond James 43rd Annual Institutional Investors Conference on Tuesday, March 8, at 2:15 p.m. Eastern. The session will feature Joseph P. Lacher, Jr. and James J. McKinney, who will discuss the company's strategic initiatives. Investors can access the live webcast through the investor section of Kemper's website, with an archived version available afterward. With $15 billion in assets, Kemper serves over 6.5 million policies across various insurance sectors.

The Kemper Foundation has committed $4.5 million to its Kemper Scholars Program, aiming to award 650 scholarships to diverse college students over the next five years. The initiative targets students in business-related fields and includes partnerships with 10 universities, notably 6 HBCUs and HSIs. The program will also provide over 325 internships and financial grants for professors and DE&I efforts at partner schools. Kemper emphasizes education as a philanthropic pillar to support future business leaders.

Kemper Corporation is set to issue $400 million of 3.8% senior unsecured notes, due 2032, receiving a Long-Term Issue Credit Rating of “bbb” (Good) from AM Best. The proceeds will primarily fund the redemption of existing $275 million senior unsecured notes due September 2022. The rating outlook is negative, reflecting significant earnings deterioration in Kemper’s property/casualty operations in 2021, largely due to increased claims severity and underwriting challenges. Despite access to liquidity sources, continued earnings weakness is a concern for 2022.

Kemper Corporation (NYSE: KMPR) has announced a registered offering of $400 million in 3.800% Senior Notes, due in 2032. Funds from this offering will primarily be directed towards redeeming existing 5.000% Senior Notes due 2022 of its subsidiary, Infinity Property and Casualty Corporation. Remaining proceeds may support general corporate purposes, including working capital and potential acquisitions. The offering is set to close on February 23, 2022, pending customary conditions.

Kemper Corporation (NYSE: KMPR) will have its president and CEO, Joseph P. Lacher, Jr., and CFO, James J. McKinney, in a fireside chat at the BofA Securities 2022 Insurance Conference on February 16 at 9:30 a.m. Eastern.

The event will be available via live webcast on Kemper’s investor website, with an archived version accessible afterward. Kemper is a leading specialized insurer with $15 billion in assets, serving over 6.5 million policies through its comprehensive insurance solutions.