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.
AM Best has affirmed the Long-Term Issuer Credit Rating of 'bbb-' for Kemper Corporation (KMPR) and a Financial Strength Rating of A- for its subsidiaries. The ratings are unchanged despite Kemper's announcement of its acquisition of American Access Casualty Company for $370 million in cash. This acquisition aims to grow Kemper's specialty auto net premiums by over 10% and enhance its presence in Hispanic communities. The outlook for Kemper's credit ratings remains positive, with financial metrics expected to stay within AM Best's guidelines.
Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.30 per share, payable on December 2, 2020 to shareholders recorded as of November 16, 2020. With $14.1 billion in assets, Kemper serves over 6.3 million policies and operates across various insurance domains including Auto, Personal Insurance, Life, and Health. The company is dedicated to providing affordable and personalized insurance solutions through a vast network of more than 30,000 agents and 9,300 associates.
Kemper Corporation (NYSE: KMPR) reported a net income of $122.3 million or $1.83 per diluted share for Q3 2020, down from $129.0 million or $1.91 in Q3 2019. The results include an after-tax gain of $35.7 million due to fair value changes in securities. Adjusted operating income was $90.9 million, compared to $130.0 million in the previous year. Specialty P&C premiums rose by $88 million. Despite challenges, Kemper's capital position remains robust with total shareholders' equity at $4.35 billion, reflecting a 9% increase year-to-date.
Kemper Corporation (NYSE: KMPR) announced the election of former USAA CEO Stuart Parker to its board of directors. Parker brings over 21 years of insurance industry experience, including previous roles as COO and CFO at USAA. His appointment expands Kemper's board to 11 directors, enhancing its operational knowledge and strategic direction. Chairman Robert J. Joyce and CEO Joseph P. Lacher, Jr. emphasized Parker's leadership and expertise in advancing customer service, product development, and digital innovation as vital for Kemper's growth.
Kemper Corporation (NYSE: KMPR) is set to release its third quarter 2020 earnings report on November 2, 2020, after market close. The report will include a financial supplement and Form 10-Q filing with the SEC. The company anticipates pre-tax catastrophe losses between $62 million and $68 million due to wildfire and hurricane events, with no expected recovery under its reinsurance programs. Kemper serves over 6.4 million policies and has approximately $13.5 billion in assets, focusing on providing tailored insurance solutions.