earnings
confidence high
sentiment negative
materiality 0.75
Kemper reports Q3 net loss of $76.2M ($1.19 per share); adjusted net operating loss narrows to $30.5M
KEMPER Corp
2022-Q3 EPS reported
-$3.85
revenue$4,200,100,000
- Net loss of $76.2M ($1.19 diluted EPS) vs $75.3M loss in Q3 2021.
- Adjusted net operating loss narrowed to $30.5M ($0.48 per share) from $75.8M loss a year ago.
- Filed additional 16% rate increase in Specialty P&C Personal Auto on 7% of book; rate actions ahead of schedule.
- Announced restructuring, offshore captive enabling $300M dividend, and transformation to fee-based reciprocal model.
- Declared dividend of $0.31 per share; total liquidity $1.4B.