Research analysts covering KMPB.
Recent press releases and 8-K filings for KMPB.
Kemper Reports Q4 2025 Results Below Expectations Amid Auto Business Challenges
KMPB
Earnings
Profit Warning
Guidance Update
- Kemper's Q4 2025 results did not meet expectations, primarily due to near-term pressure in specialty auto from elevated claim severity and $35 million in Florida statutory refunds.
- The specialty P&C segment produced an underlying combined ratio of 101%, with personal auto at 105% (adjusted for Florida statutory refunds) for Q4 2025.
- To address challenges in California, Kemper is seeking a 6.9% rate increase (with bodily injury rates increasing over 40 points) and anticipates further declines in policies in force until approvals are secured and rates earned in.
- The life insurance business continues to deliver solid performance, providing stability and diversification, while the company implements strategic initiatives to enhance profitability and accelerate geographic diversification, including new personal auto products in non-California states.
2 days ago
KMPB Reports Q4 2025 Net Loss Amid Auto Business Challenges
KMPB
Earnings
Profit Warning
Demand Weakening
- KMPB reported a net loss of $8 million or $0.13 per share and adjusted consolidated net operating income of $14.6 million or $0.25 per share for Q4 2025, resulting in a negative 1.2% return on equity.
- The specialty auto business faced significant challenges, with the underlying combined ratio increasing to 105%, driven by elevated bodily injury claim severity in California and a $35 million charge for statutory refunds in Florida.
- The company is implementing restructuring initiatives, which incurred a $15.5 million charge in Q4 2025, but are expected to generate cumulative annualized run rate savings of approximately $33 million.
- KMPB is actively working to improve profitability in its auto business, including seeking a 6.9% rate increase in California, and anticipates further declines in California policies in force while expecting growth in Florida and Texas.
- The life insurance segment delivered solid performance with $20 million in adjusted net operating income for Q4 2025, providing stability and diversification to the overall portfolio.
2 days ago
Kemper Reports Q4 2025 Net Loss, Implements Restructuring and Capital Return
KMPB
Earnings
CEO Change
Share Buyback
- For Q4 2025, Kemper reported a Net Loss attributable to Kemper Corporation of $(8.0) million or $(0.13) per share, with an Adjusted Consolidated Net Operating Income of $14.6 million or $0.25 per share.
- The Specialty P&C segment's performance was impacted by competitive and severity pressures, resulting in a 7.3% year-over-year decrease in Policies In-Force and an Underlying Combined Ratio of 101.2% in Q4 2025.
- To improve profitability, the company implemented a restructuring program, which increased cumulative run-rate savings to $33 million, and is undertaking pricing and underwriting actions.
- KMPB repurchased $50 million of common stock in Q4 2025, contributing to a total of ~$300 million for the full year 2025, and retired $450 million of debt in 2025. The parent company liquidity for 2025 was $1031 million, with a Debt-to-Capital ratio of 24.6%.
2 days ago
Kemper Reports Q4 2025 Net Loss Amidst P&C Challenges, Advances Restructuring and Capital Management
KMPB
Earnings
Product Launch
Share Buyback
- Kemper reported a net loss of $8 million or $0.13 per share and an adjusted consolidated net operating income of $14.6 million or $0.25 per share for Q4 2025, with a negative 1.2% return on equity.
- The P&C segment's underlying combined ratio increased to 105%, or 101.2% excluding Florida statutory refunds, driven by elevated bodily injury claim severity in California and reserve strengthening. Policies in force and written premium declined 7.3% and 9.3% year-over-year, respectively.
- The company recorded a $15.5 million charge related to restructuring, integration, and other costs, achieving cumulative annualized run rate savings of $33 million.
- Over the past year, Kemper retired $450 million in debt and repurchased approximately $300 million of common stock, improving its debt-to-capital ratio by 6.4 points to 24.6%.
- A new personal auto product, piloted in Arizona and Oregon, is slated for rollout in Florida and Texas in the coming quarters to accelerate profitable growth in non-California markets.
2 days ago
KMPB Reports Q3 2025 Financial Results
KMPB
Earnings
Share Buyback
Demand Weakening
- Kemper Corporation reported a Net Loss attributable to Kemper Corporation of $(21.0) million or $(0.34) per diluted share for Q3 2025, with Adjusted Consolidated Net Operating Income of $20.4 million or $0.33 per diluted share.
- The Underlying Combined Ratio for Specialty P&C was 99.6% in Q3 2025.
- Net Investment Income for the quarter was $105 million, an increase of $9 million sequentially.
- The company completed the repurchase of approximately 2.9 million shares under its $150 million ASR program.
- A restructuring program launched in Q3 2025 is expected to generate approximately $30 million of annualized run-rate savings.
Nov 5, 2025, 10:00 PM
Kemper Reports Q3 2025 Net Loss Amidst P&C Challenges and Announces Restructuring
KMPB
Earnings
Management Change
Share Buyback
- Kemper reported a net loss of $21 million, or $0.34 per diluted share, and adjusted consolidated net operating income of $20.4 million, or $0.33 per diluted share for Q3 2025.
- The P&C segment's underlying combined ratio increased 6 percentage points sequentially to 99.6%, primarily due to elevated California bodily injury claim severity and competitive pricing pressure, with personal auto's combined ratio reaching 102.1%.
- The company recorded a $16.2 million after-tax restructuring charge in Q3 2025, with initial actions expected to generate approximately $30 million in annualized run rate savings.
- Kemper repurchased 5.1 million shares for a total cost of $266 million from July to October 2025, at an average price of $52.65, including a $150 million accelerated share repurchase program.
- Adverse prior development of $51 million pre-tax ($41 million after-tax) was recorded in the specialty auto segment, mainly from commercial auto bodily injury and defense costs related to accident years 2023 and prior.
Nov 5, 2025, 10:00 PM
Kemper Reports Q3 2025 Earnings Amidst Leadership Changes and Restructuring
KMPB
Earnings
CEO Change
Share Buyback
- Kemper reported a net loss of $21 million, or $0.34 per diluted share, and an adjusted consolidated net operating income of $20.4 million, or $0.33 per diluted share, for Q3 2025.
- The company initiated a restructuring initiative expected to generate approximately $30 million in annualized run-rate savings, resulting in a $16.2 million after-tax charge in the quarter.
- From July to October, Kemper repurchased 5.1 million shares for a total cost of $266 million, with approximately $300 million remaining in the share repurchase authorization.
- Q3 2025 results were impacted by intensified competition and elevated severity trends in claims, leading to a 6 percentage point sequential increase in the P&C segment's underlying Combined Ratio to 99.6%.
- Tom Evans was appointed Interim CEO three weeks prior to the earnings call, and the board has commenced a search for a permanent CEO.
Nov 5, 2025, 10:00 PM
Kemper Reports Q3 2025 Net Loss Amidst Restructuring and Leadership Changes
KMPB
Earnings
Management Change
Share Buyback
- For Q3 2025, Kemper reported a net loss of $21 million, or $0.34 per diluted share, and adjusted consolidated net operating income of $20.4 million, or $0.33 per diluted share.
- The company initiated a restructuring initiative, recording a $16.2 million after-tax charge in the quarter, which is anticipated to generate approximately $30 million in annualized run rate savings.
- The P&C segment's underlying combined ratio increased to 99.6%, driven by elevated California bodily injury claim severity and competitive pricing pressure, and the specialty auto segment recognized $51 million pre-tax in adverse prior development.
- Tom Evans was appointed Interim CEO, and leadership changes were made in claims and information technology to improve execution.
- From July to October, Kemper repurchased 5.1 million shares for a total cost of $266 million, including a $150 million accelerated share repurchase program.
Nov 5, 2025, 10:00 PM
Quarterly earnings call transcripts for KMPB.
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