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Kemper Corporation - KMPR STOCK NEWS

Welcome to our dedicated news page for Kemper Corporation (Ticker: KMPR), a resource for investors and traders seeking the latest updates and insights on Kemper Corporation.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kemper Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kemper Corporation's position in the market.

News
Kemper Reports Fourth Quarter 2023 Operating Results*
Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) reported net income of $51.4 million, or $0.80 per diluted share, for the fourth quarter of 2023, compared to a net loss of $53.3 million, or $(0.84) per share, for the fourth quarter of 2022. Adjusted Consolidated Net Operating Income was $50.5 million, or $0.78 per diluted share, for the fourth quarter of 2023, compared to Adjusted Consolidated Net Operating Loss of $23.5 million, or $(0.36) per share, for the fourth quarter of 2022. Key themes of the quarter include: Specialty P&C underlying combined ratio improved 2.3% sequentially to 98.2%, Life business continues to produce stable earnings, Parent liquidity increased to $1.1 billion, up $325 million from prior quarter. The company achieved multi-year target of $150 million in expense savings in the first year of the program, and Bermuda optimization generated approximately $330 million of dividends to parent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.32%
Tags
earnings
-
News
Kemper Announces Schedule for Fourth Quarter 2023 Earnings Release and Preliminary Results
Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) expects to report net income and net operating earnings for the fourth quarter of 2023, with estimated net income and adjusted consolidated net operating income of between $45 million and $55 million. The company also provides details on preliminary fourth-quarter results, including combined ratios for Kemper Auto, catastrophe losses, after-tax income for Kemper Life, and parent liquidity. Additionally, strategic initiatives such as Bermuda Optimization, Cost Structure Initiatives, and Preferred P&C are discussed. The company will host a conference call to discuss the results on February 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.07%
Tags
earnings
-
News
Kemper Announces Quarterly Dividend
Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share. The dividend will be paid on November 30, 2023, to shareholders of record as of November 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
dividends
News
Kemper Reports Third Quarter 2023 Operating Results*
Rhea-AI Summary
Kemper Corporation (NYSE: KMPR) reported a net loss of $146.3 million, or $(2.28) per share, for Q3 2023, compared to a net loss of $74.8 million, or $(1.17) per share, for Q3 2022. Adjusted Consolidated Net Operating Loss1 was $27.9 million, or $(0.44) per share, for Q3 2023, compared to $27.0 million, or $(0.43) per share, for Q3 2022. Specialty Auto Underlying Combined Ratio improved 1.5 points sequentially. Strategic initiatives on track to produce or exceed targeted benefits. Life business trends remain stable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.41%
Tags
earnings
-
News
Kemper Announces Schedule for Third Quarter 2023 Earnings Release and Preliminary Results
Rhea-AI Summary
Kemper Corporation reaffirms guidance and provides update on strategic initiatives. Preliminary results for Q3 2023 show estimated net loss between $140 million and $150 million. Kemper Auto recorded combined ratios above 100%. Rate increases filed and significant earned rate benefits expected in Q4 2023 and Q1 2024. Catastrophe losses for Q3 were approximately $7 million. Kemper Life reported after-tax income of approximately $15 million. Kemper Personal Insurance segment moved to non-core operations. Parent liquidity at approximately $800 million. Strategic initiatives on track. Company expects to generate a 2024 ROE of 10% or greater.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
Tags
earnings
-
News
The Kemper Foundation Opens Read Conmigo Grant Applications to Bilingual Educators in Dallas, Los Angeles and Miami
Rhea-AI Summary
The Kemper Foundation has opened its Read Conmigo bilingual educator grant application cycle for spring 2024 grants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.14%
Tags
none
News
Kemper Announces Appointment of Interim Chief Financial Officer
Rhea-AI Summary
Kemper Corporation appoints Bradley T. Camden as Interim CFO, initiating search for permanent CFO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.74%
Tags
management
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News
The Kemper Foundation’s Read Conmigo Program Awards $150,000 in Grants to Bilingual Teachers
Rhea-AI Summary
The Kemper Foundation has awarded grants to 50 bilingual literacy schoolteachers in Dallas, greater Los Angeles, and Miami areas through its Read Conmigo program. The grants amount to $3,000 each and can be used for classroom resources and professional development. The program aims to strengthen bilingual literacy skills for Latino and Hispanic students. The feedback from award recipients has been positive, with gains in student metrics and assessments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.29%
Tags
none
-
News
Kemper Appoints Christopher Flint as President of Kemper Life
Rhea-AI Summary
Kemper Corporation has announced the appointment of Christopher Flint as President of Kemper Life. Flint brings over 25 years of experience in the financial services and insurance industries and will be responsible for accelerating the progress of Kemper Life. He has a strong background in transforming businesses and driving growth through transparency and talent engagement. Flint will report to Kemper's President, CEO, and Chairman and will be based in Chicago.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.4%
Tags
management
News
Kemper Reports Second Quarter 2023 Operating Results
Rhea-AI Summary
KMPR reported a net loss of $97.1 million, or $(1.52) per share, for Q2 2023, compared to a net loss of $72.2 million, or $(1.13) per share, for Q2 2022. The net loss for Q2 2023 included a $45.5 million after-tax charge from the goodwill asset impairment related to the Preferred Property and Casualty Insurance segment. Specialty P&C reflects a six-point Underlying Combined Ratio improvement. Kemper anticipates continued improvement in underwriting performance in the second half of 2023, aiming to generate a return on equity equal to or greater than 10% in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.4%
Tags
earnings
Stock KMPR logo
Kemper Corporation

NYSE:KMPR

KMPR Rankings

#1385 Ranked by Market Cap
#2924 Ranked by Stock Gains
#1365 Ranked by Dividends

KMPR Stock Data

3.60B
61.31M
4.6%
85.29%
2.16%
Third Party Administration of Insurance and Pension Funds
Finance and Insurance
Link
United States
Chicago

About KMPR

the kemper family of companies is one of the nation’s leading insurers. with $8 billion in assets, kemper is improving the world of insurance by offering personalized solutions for individuals, families and businesses. kemper's businesses collectively: • offer home, auto, life, health and valuables insurance • service six million policies • are represented by more than 20,000 independent agents and brokers • employ 6,000 associates dedicated to providing exceptional service to our customers • are licensed to sell insurance in 50 states and the district of columbia our rated* underwriting companies: • are rated a- (excellent) by a.m. best company, the leading insurance industry rating authority * alliance united insurance company is not rated.