earnings
confidence high
sentiment neutral
materiality 0.70
Kemper reports Q4 net loss of $55.5M; adjusted net operating loss improves to $26.6M
KEMPER Corp
2022-FY EPS reported
-$4.72
revenue$5,576,800,000
- Net loss of $55.5M ($0.87 diluted loss) improved from $105.8M loss ($1.66) in Q4 2021.
- Adjusted Consolidated Net Operating Loss narrowed to $26.6M ($0.41) from $130.8M ($2.05) YoY.
- Filed additional rate increases: 20% on 58% of Specialty P&C personal auto book; 16% on 15% of Preferred auto book.
- Restructuring program achieved $61M run-rate savings; declared $0.31 per share quarterly dividend.
- Completed divestiture of Kemper Health; initial reciprocal exchange filing submitted to Illinois DOI.