Kemper estimates Q2 net loss $95-105M, records $45.5M goodwill impairment

KEMPER Corp

2023-Q2 EPS reported -$2.77 revenue$2,557,600,000

Estimated net loss $95-105M and adjusted consolidated net operating loss $15-25M.
After-tax goodwill impairment of $45.5M recorded for Kemper Personal Insurance strategic review.
Combined ratios: Kemper Auto 107%, Personal Insurance 113%, Life & Health unaffected.
Preliminary unfavorable reserve development of ~$26M, catastrophe losses ~$39M pre-tax.
Life & Health after-tax income ~$9M for the quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KEMPER Corp reported second quarter 2023 results: net income between $95 million and $105 million.

Period: second quarter 2023
Net income: between $95 million and $105 million
Result: preliminary results

Exact text from the filing

Preliminary results for the second quarter of 2023 include an estimated net loss between $95 million and $105 million and an estimated adjusted consolidated net operating loss 1 between $15 million and $25 million.

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Source: SEC EDGAR

accession 0000860748-23-000142

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