Kemper Corporation - KMPR STOCK NEWS

Kemper Corporation (NYSE: KMPR) has received a negative outlook revision from AM Best, despite maintaining its Financial Strength Rating (FSR) of A (Excellent) for its property/casualty and life/health subsidiaries. The revision is primarily attributed to a significant earnings deterioration in 2021, particularly within the automobile segment, which saw increased claims severity due to labor shortages and inflation. Kemper L&H's net income dropped to $28.2 million from $60 million in 2020. AM Best's outlooks for both Kemper P&C and Kemper Corp. could improve with a return to profitability.

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share, payable on March 1, 2022, to shareholders recorded by February 14, 2022. This dividend underscores the company’s commitment to returning value to its investors. Kemper, a leading specialized insurer with approximately $15 billion in assets, serves over 6.5 million policies through various brands focused on personalized insurance solutions.

Kemper Corporation (NYSE: KMPR) reported a net loss of $105.8 million or $(1.66) per diluted share for Q4 2021, compared to a net income of $97.5 million or $1.46 per diluted share in Q4 2020. Adjusted for acquisitions, the net loss stood at $101.3 million. The Specialty P&C segment saw a 17.0% increase in earned premiums, though the underlying combined ratio rose to 119.4% due to higher claim severities. Total revenues increased by 7% to $1,493.9 million. A dividend of $0.31 per share was declared. CEO Joseph Lacher noted ongoing challenges due to pandemic impacts.

Kemper Corporation (NYSE: KMPR) will announce its fourth quarter 2021 earnings release after market close on January 31, 2022. The company plans to file its annual report on Form 10-K around February 10, 2022. A conference call discussing the results will take place on January 31, 2022, at 5:00 p.m. Eastern. Kemper has approximately $15 billion in assets, serving over 6.6 million policies through its Auto, Personal Insurance, Life, and Health brands.

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share. The dividend is set to be paid on December 1, 2021, with a record date of November 15, 2021. Kemper is a leading specialized insurer in the U.S., managing approximately $15 billion in assets and offering coverage for over 6.6 million policies across various insurance sectors including auto, personal, life, and health.

Kemper Corporation (NYSE: KMPR) reported a net loss of $75.3 million (or $(1.18) per diluted share) for Q3 2021, a sharp contrast to the net income of $122.3 million in Q3 2020. Adjusted for acquisitions, the loss stands at $68.6 million. Key factors include a strong 18% rise in Specialty P&C earned premiums, a combined ratio of 108.9%, and $32.4 million in catastrophe losses primarily from Hurricane Ida. Despite financial challenges, the company maintains a robust balance sheet and liquidity to navigate the market, with a focus on corrective actions to ensure long-term shareholder value.

Kemper Corporation (NYSE: KMPR) will release its third quarter 2021 earnings on October 28, followed by a conference call at 5:00 p.m. Eastern. The results are expected to show pre-tax catastrophe losses of $30 million to $35 million due to Hurricane Ida, with anticipated after-tax losses of $24 million to $28 million. Additionally, Kemper plans to strengthen reserves for unpaid losses by $22 million to $27 million pre-tax. The earnings announcement will be available on the investor section of their website.

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share, payable on August 30, 2021, to shareholders of record as of August 16, 2021. With approximately $15 billion in assets, Kemper is a leading specialized insurer, providing personalized insurance solutions to over 6.6 million policyholders. The company's offerings span Auto, Personal Insurance, Life, and Health, supported by around 34,000 agents and 10,000 associates.

Kemper Corporation (NYSE: KMPR) will participate in a fireside chat at the UBS Financial Services Virtual Conference on August 10 at 4:00 p.m. Eastern. The chat will feature Joseph P. Lacher, Jr., president and CEO, alongside James J. McKinney, CFO. Investors can access the live webcast through the investor section of Kemper’s website. Kemper, a leading insurer with approximately $15 billion in assets, serves over 6.6 million policies through various insurance brands.