earnings
confidence high
sentiment negative
materiality 0.75
Kemper reports Q2 net loss $97.1M; adjusted operating loss narrows to $16.9M
KEMPER Corp
2023-Q2 EPS reported
-$2.77
revenue$2,557,600,000
- Net loss $97.1M ($1.52/sh) vs $72.2M ($1.13/sh) loss a year ago, includes $45.5M goodwill impairment.
- Adjusted net operating loss improved to $16.9M ($0.26/sh) from $37.2M ($0.58/sh).
- Specialty P&C underlying combined ratio improved 6 points; Specialty Auto received second CA rate approval.
- Management anticipates continued improvement in H2 2023; targets 10%+ ROE in 2024.