Welcome to our dedicated page for Kemper news (Ticker: KMPR), a resource for investors and traders seeking the latest updates and insights on Kemper stock.
Kemper Corporation (NYSE: KMPR) is a diversified insurance company with Specialty Property & Casualty and Life Insurance operations, and its news flow reflects both segment performance and corporate actions. The company’s releases regularly cover quarterly operating results, highlighting net income or net loss attributable to common shareholders, adjusted consolidated net operating income, and the impact of catastrophe losses and related loss adjustment expenses.
Investors following KMPR news will see detailed updates on the Specialty Property & Casualty segment, which focuses on personal and commercial automobile insurance. Kemper reports metrics such as earned premiums, policies in force, underlying combined ratios, and the effects of rate increases, claim severity, and prior-year development. The Life Insurance segment is also featured in news items, with commentary on net operating income, net investment income, and mortality experience on life products.
Kemper’s news releases also address capital and shareholder return decisions. Recent announcements include quarterly cash dividends, a new share repurchase authorization, and an accelerated share repurchase transaction under existing repurchase programs. These items are accompanied by management commentary on capital deployment, liquidity at the parent company, and the company’s view of its share valuation.
Corporate governance and leadership developments are another recurring theme. News and related Form 8-K filings describe CEO succession, the appointment of an interim chief executive officer, retention awards for senior executives, and separation arrangements for departing leaders. Credit rating actions by AM Best on Kemper’s property/casualty and life subsidiaries, as well as on parent-level debt, also appear in the news stream and provide additional context on balance sheet strength and operating performance.
By monitoring this KMPR news page, readers can review earnings releases, capital management announcements, rating agency updates, and governance disclosures that together outline how Kemper’s insurance businesses and corporate strategy are evolving over time.
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.
Kemper Corporation (NYSE: KMPR) announced that President and CEO Joseph P. Lacher, Jr. and CFO James J. McKinney will present virtually at the Raymond James 42nd Annual Institutional Investors Conference on March 2 at 3:50 p.m. Eastern. The presentation will be available for live webcast on Kemper's investor section, with an archived version following. Kemper is a leading insurer, managing $14.3 billion in assets and serving over 6.2 million policies through a network of 30,000 agents.
Kemper Corporation (NYSE: KMPR) has announced a 3.3% increase in its quarterly dividend to $0.31 per share, up from the previous $0.30 per share. This new dividend results in an annualized amount of $1.24, compared to $1.20 previously. The dividend will be payable on March 2, 2021 to shareholders of record by February 16, 2021. Kemper's President & CEO, Joseph P. Lacher, Jr., stated that the increase reflects confidence in the company's ability to achieve sustained growth and highlights a strong financial position.
Kemper Corporation (NYSE: KMPR) reported a fourth quarter 2020 net income of $97.5 million ($1.46 per diluted share), down from $124.7 million ($1.85) in Q4 2019. The results included a $57.8 million after-tax gain from equity and convertible securities. Adjusted net operating income rose to $105.8 million ($1.59) from $97.9 million ($1.45). Specialty P&C premiums increased by $83 million (10%), while Life & Health net operating income fell to $9 million due to pandemic-related losses. The company announced its acquisition of American Access, enhancing its specialty auto expertise.
Kemper Corporation (NYSE: KMPR) announced an upgrade in its Financial Strength Rating (FSR) from A- to A (Excellent) by AM Best for its property/casualty and life/health subsidiaries. The Long-Term Issuer Credit Ratings were also improved, from 'a-' to 'a' for the subsidiaries and from 'bbb-' to 'bbb' for Kemper Corporation and Infinity Property and Casualty Corporation. The outlook for these ratings has been changed to stable. This upgrade reflects Kemper's strong balance sheet, adequate operating performance, and effective risk management.
Kemper Corporation has received significant credit rating upgrades from AM Best. The Financial Strength Rating (FSR) of its property/casualty subsidiaries has been upgraded to A (Excellent) from A-. Similarly, the Long-Term Issuer Credit Ratings (Long-Term ICR) have improved from a- to a. Kemper's life/health subsidiaries received the same upgrades. These changes reflect strong risk-adjusted capitalization and favorable operating performance despite dividend payments that have decreased policyholders' surplus. The overall outlook for these ratings has been revised to stable from positive.
Kemper Corporation (NYSE: KMPR) will release its fourth quarter 2020 earnings after market close on February 1, 2021. An annual report on Form 10-K is expected to be filed with the SEC around February 10, 2021. A conference call to discuss these results will take place the same day at 5:00 p.m. Eastern, accessible via telephone and online. Kemper, with nearly $14.1 billion in assets, serves over 6.2 million policies, supported by more than 30,000 agents and brokers.
Kemper Corporation (NYSE: KMPR) announced Ismat Aziz as the new Chief Human Resources Officer and Chief Administrative Officer. Reporting to CEO Joseph P. Lacher, Jr., Aziz will oversee key areas including compensation, talent acquisition, and diversity initiatives. With over 25 years in HR, her prior experience includes roles at U.S. Bank and Sprint. Her appointment follows the retirement of Christine Mullins, who will remain with Kemper on special projects. Kemper, with $14.1 billion in assets, provides personalized insurance solutions to over 6.3 million policies.
Kemper Corporation (NYSE: KMPR) has appointed Tim Stonehocker as President of Kemper Life, effective immediately. Reporting to Erich Sternberg, he brings over 30 years of insurance experience, including key roles at Aegon Americas and Ameritas Life Insurance Corp. Sternberg emphasized that Stonehocker's expertise in distribution networks and profitable growth will be vital for Kemper Life's strategic goals. Kemper, with $14.1 billion in assets, aims to provide tailored insurance solutions across various segments, serving over 6.3 million policies through its extensive agent network.