secwatch.observer — SEC 8-K summary
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Issuer:     KEMPER Corp (KMPR)
CIK:        0000860748
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0000860748-23-000183
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kemper reports Q3 net loss of $146.3M ($2.28/share); adjusted loss $27.9M
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- Net loss of $146.3M ($2.28 per diluted share) vs net loss of $74.8M ($1.17) in Q3 2022.
- Adjusted net operating loss $27.9M ($0.44/share) vs $27.0M ($0.43) prior year, roughly flat.
- Includes $55.5M after-tax non-cash charge for pension plan termination and $22.9M after-tax net realized losses.
- Specialty Auto underlying combined ratio improved 1.5 points sequentially; unfavorable prior-year reserve development from Florida PIP.
- Implementation of 30 points of CA specialty auto rate; strategic initiatives on track; Life trends stable.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860748/000086074823000183/0000860748-23-000183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860748/000086074823000183/kmpr-20231030.htm
  HTML page:      https://secwatch.observer/filing/0000860748-23-000183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer