Kemper Corporation reported Q3 2025 results showing a net loss of $21.0M (diluted EPS $(0.34)) on total revenue of $1,239.7M, compared with net income of $73.7M a year ago. The quarter was pressured by higher policyholders’ benefits and incurred losses and LAE of $924.6M versus $769.3M in Q3 2024.
Year to date, net income was $151.3M. Operating cash flow strengthened to $409.5M for the nine months, supporting debt repayment of $450.0M and common stock repurchases of $251.3M. Interest expense decreased to $9.1M in the quarter. Shareholders’ equity was $2,721.6M, and accumulated other comprehensive loss improved.
Insurance reserves rose to $6,123.6M. Shares outstanding were 60.2M as of September 30, 2025; 58,546,860 were outstanding as of November 3, 2025.
Kemper Corporation filed a Form 8-K reporting that it furnished a press release announcing financial results for the third quarter of 2025 and posted related materials on kemper.com. The materials are attached as Exhibits 99.1 (press release), 99.2 (Third Quarter 2025 investor supplement), and 99.3 (Third Quarter 2025 earnings call presentation), all dated November 5, 2025.
Kemper Corporation reported a leadership change. On October 20, 2025, the company determined that Duane A. Sanders will depart his role as Executive Vice President and Chief Claims Officer, P&C, effective October 22, 2025. He will continue as Executive Vice President, Executive Advisor through December 31, 2025 to support a transition.
The company expects to enter into a Separation and Release Agreement with Mr. Sanders tied to his termination without cause, with specific compensation and benefits to be disclosed in a subsequent filing.
Kemper Corporation announced a leadership change. On October 14, 2025, the Board determined that Joseph P. Lacher, Jr. would depart as President and CEO, effective immediately, and he resigned from the Board the same day. He will serve as a non‑executive advisor through December 31, 2025 to support the transition.
The Board appointed C. Thomas Evans, Jr., age 66, as interim President and CEO, effective October 14, 2025. The Board formed a committee to identify the next CEO and plans to engage a global executive search firm.
In connection with a termination without cause, Mr. Lacher entered into a Separation and Release Agreement providing a cash severance of $5,720,000 (equal to two times base salary and target bonus), continued eligibility for a 2025 annual bonus based on actual financial goal achievement and target achievement of strategic goals, a lump sum equal to the employer portion of 24 months of healthcare coverage, and up to 12 months of outplacement services. Certain outstanding equity awards will remain outstanding and continue to vest per their terms, subject to compliance with restrictive covenants.