earnings
confidence high
sentiment negative
materiality 0.75
Kemper prelim Q1 net loss $75-85M; auto combined ratio 112%
KEMPER Corp
2023-Q1 EPS reported
-$1.25
revenue$1,294,800,000
- Estimated net loss of $75-85M; adjusted net operating loss of $60-70M.
- Prelim combined ratio: Kemper Auto 112%, Personal Insurance 117%, Home & Other 115%.
- Prior-year reserve additions of ~$42M from higher bodily injury, property damage frequency.
- Prelim pre-tax catastrophe losses ~$29M; Life & Health after-tax income ~$13M under LDTI.
- Full Q1 results on May 8, 2023; exhibit notes adverse frequency impact from new business.