Kemper prelim Q3 net loss $140M-$150M; reaffirms 2024 ROE of 10%+

KEMPER Corp

2023-Q3 EPS reported -$5.05 revenue$3,757,000,000

Estimated Q3 2023 net loss $140-150M; adjusted net operating loss $25-35M.
Includes $56M after-tax pension termination charge and $25M net realized investment losses.
Kemper Auto combined ratio 109.9%; unfavorable prior year reserve development $78M, mainly Florida PIP.
Parent liquidity ~$800M; anticipate $250M+ Life dividend to parent in Q4 2023 from Bermuda optimization.
Reaffirms 2024 ROE guidance of 10% or greater; cost initiatives on track.

item 2.02 item 7.01 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 third quarter of 2023 results: net income net loss between $140 million and $150 million.

Period: the third quarter of 2023
Net income: net loss between $140 million and $150 million
Result: preliminary results

Exact text from the filing

Kemper Corporation (“Kemper” or the “Registrant”) issued a press release announcing the schedule for its third quarter 2023 earnings release and its preliminary results for the third quarter of 2023.

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

KEMPER Corp filing history →

Source: SEC EDGAR

accession 0000860748-23-000176

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