Kemper Stock Price, News & Analysis

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The event will be available via live webcast on Kemper’s investor website, with an archived version accessible afterward.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.

Kemper Corporation (NYSE: KMPR) has elected Jason Gorevic as a Director, effective February 2, while David P. Storch is set to retire at the end of his term on May 4, 2022. Gorevic, with over 25 years in the healthcare sector, has driven substantial growth at Teladoc Health. His expertise in market strategy and transformation is seen as a valuable addition to Kemper’s board, which now comprises 12 directors. Storch, who has served since 2010, expresses confidence in the company's current leadership and direction.

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.