Kemper Stock Price, News & Analysis

Kemper Corporation (NYSE: KMPR) will hold an in-person Investor Day on March 9, 2023, in New York City. The event will feature President and CEO Joseph P. Lacher, Jr., CFO James J. McKinney, and the management team discussing the company's competitive standing, business priorities, and initiatives.

The presentations are scheduled to start at 8 a.m. ET and end at 12 p.m. ET. A live webcast will be accessible via Kemper's website, with supporting materials available on the day of the event. A recording will also be provided post-event.

Kemper is a leading specialized insurer with $13 billion in assets, serving over 5.3 million policies.

The Kemper Foundation has awarded grants to 15 bilingual literacy teachers in Dallas County, Texas, as part of its Read Conmigo program. Each grant totals $3,000, aimed at enhancing bilingual literacy skills and educational resources for Latino and Hispanic students. This initiative, which began in Los Angeles in 2022, aims to distribute up to 100 grants annually across selected cities.

Barbara Ciesemier, President of the Kemper Foundation, emphasized the importance of supporting bilingual classroom teachers to positively impact students' educational and social opportunities.

Kemper Corporation (NYSE: KMPR) announced that its CEO Joseph P. Lacher, Jr. and CFO James J. McKinney will participate in a live fireside chat at the Raymond James 44th Annual Institutional Investors Conference on Monday, March 6, at 4:35 p.m. Eastern time. The event will be webcast live, and interested participants are encouraged to register via Kemper's investor website at least 15 minutes prior. Kemper, a leading specialized insurer with approximately $13 billion in assets, provides personalized insurance solutions to over 5.3 million policies and is represented by around 29,000 agents nationwide.

The Kemper Foundation has awarded grants to 15 bilingual literacy teachers in the greater Los Angeles area as part of its Read Conmigo program. This initiative aims to enhance bilingual literacy skills and improve educational opportunities for Latino and Hispanic students. Each selected teacher receives a grant of $3,000 for educational resources. The program has expanded since its inception in 2022, and a total of 100 grants are expected to be awarded annually, with 65 grants given to LA-area teachers to date. The foundation emphasizes its commitment to supporting bilingual educators and improving outcomes for students in bilingual classrooms.

Kemper Corporation (NYSE: KMPR) reported a net loss of $55.5 million, or $(0.87) per diluted share, for Q4 2022, an improvement from a $105.8 million loss in Q4 2021. Adjusted for acquisitions, the loss was $52.5 million. Total revenues decreased by $117.2 million (8%) to $1.377 billion, driven by lower premiums across segments. Net investment income fell by $2.1 million. Notably, commercial vehicle premiums grew 33% year-over-year, and life insurance performance improved due to moderating mortality rates. Kemper declared a dividend of $0.31 per share, maintaining its commitment to shareholders.

Kemper Corporation (NYSE: KMPR) announced the election of Alberto J. Paracchini as a Director, effective February 1, following Robert J. Joyce's decision to retire at the end of his term on May 4, 2023. Paracchini, with nearly 20 years in financial services, is currently CEO of Byline Bank and has experience in various financial roles. His election expands Kemper's board to 12 members, with 10 being independent. Joyce praised the leadership and strategic direction of Kemper during his tenure on the board since August 2012, expressing confidence in the company's future.

Kemper Corporation (NYSE: KMPR) has declared a quarterly dividend of $0.31 per share. This dividend will be payable on February 28, 2023, to shareholders recorded as of February 13, 2023. With approximately $13 billion in assets, Kemper is known for providing personalized insurance solutions across its Auto, Personal Insurance, and Life brands. The company serves over six million policies and is backed by a network of 33,500 agents, highlighting its commitment to customer needs.

Kemper Corporation (NYSE: KMPR) will host an in-person Investor Day on March 9, 2023, in New York City. The event will feature insights from President and CEO Joseph P. Lacher, Jr., CFO James J. McKinney, and the management team, focusing on Kemper's competitive position and key initiatives.

Attendance is by invitation only, with advance registration required for institutional investors and analysts. Interested parties should contact Karen Guerra at investors@kemper.com. The presentations will be available via a live webcast on Kemper's Investor Relations website, along with supporting materials.

Kemper Corporation (NYSE: KMPR) will release its fourth quarter 2022 earnings on February 2, 2023, after market close. The preliminary results indicate a net loss between $50 million and $65 million, and an adjusted net operating loss of $25 million to $35 million. The company reported combined ratios for Kemper Auto at 109% and Kemper Personal Insurance at 111% for Q4. Notably, the fourth quarter was affected by increased claim reserves and prior-year reserve development losses totaling $8 million. Despite these challenges, there was a favorable prior year reserve development of $17 million for the year. A conference call is scheduled for February 2, 2023, at 5:00 PM Eastern.