Kemper Stock Price, News & Analysis

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.

Kemper Corporation (NYSE: KMPR) reported a net loss of $62.6 million or $(0.97) per diluted share for Q2 2021, a stark contrast to net income of $126.1 million or $1.91 per diluted share in Q2 2020. Adjusted for acquisitions, the net loss was $52.5 million or $(0.82) per diluted share. Specialty P&C earned premiums rose 33%, while the underlying combined ratio worsened to 107.3% due to higher claims. The company repurchased shares worth $112 million and completed the acquisition of American Access. Total revenues increased 22% to $1.5 billion, driven by higher earned premiums.

Kemper Corporation (NYSE: KMPR) will release its second quarter 2021 earnings on July 29, 2021, after market close. The earnings release, financial supplement, and Form 10-Q will be accessible via the investor section at kemper.com. A conference call to discuss the results is scheduled for the same day at 5:00 p.m. Eastern. With $14.2 billion in assets, Kemper specializes in personalized insurance solutions for over 6.3 million policies.

Kemper Corporation (NYSE: KMPR) announced a positive outlook revision from Moody’s Investors Service, citing improved profitability and a strong market position in non-standard personal auto insurance. Moody’s affirmed Kemper's Baa3 senior debt rating and A3 insurance financial strength ratings for its subsidiaries. The average return on capital was noted at 8.5% over the past three years, highlighting diversified revenues from its insurance segments. CEO Joseph P. Lacher Jr. emphasized the company's strategic intent to serve niche markets effectively.

Kemper Corporation (NYSE: KMPR) has appointed Joseph P. Lacher, Jr. as chairman of the board, in addition to his roles as president and CEO. Lacher succeeds Robert J. Joyce, who transitions to independent lead director. Lacher, in his tenure as CEO, has established a strategic vision for Kemper's growth, which has garnered confidence from the board. Additionally, Kemper declared a quarterly dividend of $0.31 per share, payable on June 1, 2021. The company, with $14.2 billion in assets, serves over 6.3 million policies through its diverse insurance brands.

Kemper Corporation (NYSE: KMPR) reported a net income of $123.2 million ($1.85 per diluted share) for Q1 2021, up from $64 million ($0.95 per share) in Q1 2020. This included a $41.2 million after-tax gain from equity securities. Adjusted Consolidated Net Operating Income was $87.2 million ($1.31 per share), down from $162.9 million ($2.43 per share) a year earlier. Total revenues increased by 10% to $1.35 billion, driven by higher earned premiums and investment gains. The company also repurchased $47 million in shares and raised its annual dividend to $1.24 per share.

Kemper Corporation (NYSE: KMPR) will release its first quarter 2021 earnings on April 29, 2021, after market close, accompanied by a financial supplement and Form 10-Q. Investors can access this information on the company's website. A conference call is scheduled for the same day at 5:00 p.m. Eastern, accessible by phone or via webcast. The company anticipates pre-tax catastrophe losses of $26 million to $29 million due to winter weather events, with no expected recovery from reinsurance.

Kemper Corporation (NYSE: KMPR) has completed its acquisition of American Access Casualty Company (AAC) and its related insurance agency, valued at approximately $370 million. This strategic move enhances Kemper's specialty auto insurance franchise in states including Arizona, Illinois, Indiana, Nevada, and Texas. Duane Sanders, President of Kemper’s P&C Division, emphasized the transaction’s potential for increased reach and scale, as well as access to underserved markets through expanded distribution channels.