Kemper reports Q1 net loss $80.1M ($1.25/sh); adjusted loss $65.2M; $0.31 dividend

KEMPER Corp

2023-Q1 EPS reported -$1.25 revenue$1,294,800,000

Net loss of $80.1M ($1.25 diluted EPS); prior year Q1 net loss was $86.3M ($1.36).
Adjusted consolidated net operating loss of $65.2M ($1.02/sh) vs $51.6M ($0.81) a year ago.
Results hit by catastrophe losses, prior-year adverse development, and higher-than-anticipated frequency.
CEO expects return to underwriting profitability by end of 2023; rate actions and tightened underwriting underway.
Quarterly dividend declared at $0.31 per share, consistent with prior rate.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KEMPER Corp reported the first quarter of 2023 results: net income net loss of $80.1 million, EPS $(1.25) per diluted share. Guidance reaffirmed.

Period: the first quarter of 2023
Net income: net loss of $80.1 million
EPS: $(1.25) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Kemper Corporation (NYSE: KMPR) reported a net loss of $80.1 million, or $(1.25) per diluted share, for the first quarter of 2023

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Source: SEC EDGAR

accession 0000860748-23-000116

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