Kemper Corp
KMPR
ISIN US4884011002 / Valor 13646329
Kemper Corp
UMushroom community rating:
About company
Kemper Corp operates as a prominent specialized insurer within the United States, boasting a portfolio that encompasses a broad spectrum of insurance products and services tailored to meet the diverse needs of individuals, families, and businesses. With an asset base of around $13 billion, the company distinguishes itself through its focus on Auto and Life insurance solutions, aiming to offer affordable and accessible options to its clientele. Kemper's extensive network includes over 4.9 million policyholders and is supported by a robust distribution system of approximately 23,700 agents and brokers. The company's commitment to customer service and adaptability is further underscored by its workforce of around 8,100 associates, who are dedicated to addressing the dynamic insurance requirements of their customers. Through its strategic focus on specialized insurance markets, Kemper Corp seeks to carve out a significant niche in the competitive insurance industry.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (28.12.2024):
Net Income
Kemper Corp reported a net income of $73.7 million, or $1.14 per diluted share, for the third quarter of 2024. This marks a significant turnaround from the net loss of $146.3 million, or $(2.28) per share, reported in the third quarter of 2023.
Adjusted Operating Income
The adjusted consolidated net operating income for Kemper Corp in the third quarter of 2024 was $105.0 million, or $1.62 per diluted share. This is a substantial improvement compared to the adjusted consolidated net operating loss of $27.8 million, or $(0.44) per share, in the same quarter of the previous year.
Revenue
For the third quarter of 2024, Kemper Corp's total revenues decreased by $20.5 million, or 1.7%, to $1,178.9 million. This decline was primarily due to a $76.4 million decrease from the Preferred Insurance business, which was partially offset by increased earned premiums in the Specialty Property & Casualty Insurance segment.
Specialty Property & Casualty Insurance
The Specialty Property & Casualty Insurance segment reported an adjusted net operating income of $103.6 million for the third quarter of 2024, a significant improvement from the adjusted net operating loss of $33.2 million in the third quarter of 2023. This was driven by lower adverse prior year development and an improved underlying combined ratio.
Dividends and Shareholder Equity
Kemper Corp declared a quarterly dividend of $0.31 per share, amounting to $20.3 million, which was paid on September 3, 2024. The company's shareholders' equity increased by 11% to $2,773.3 million by the end of the third quarter of 2024, primarily driven by net income for the year.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
4223 M
Market cap (USD)
809,904
Daily traded volume (Shares)
66.48 / 64.55
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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