earnings
confidence high
sentiment neutral
materiality 0.65
Kemper preliminary Q4 2023 net income $45M-$55M, auto combined ratio 98.5%
KEMPER Corp
2023-FY EPS reported
-$4.25
revenue$4,944,200,000
- Estimated net income and adjusted consolidated net operating income of $45M-$55M for Q4 2023.
- Kemper Auto combined ratio 98.5% (underlying 98.2%); PPA 99.5%, Commercial Vehicle 94.9%.
- Parent liquidity ~$1.1B, up ~$300M; paid ~$330M in Life dividends from Bermuda optimization.
- Achieved multi-year goal of $150M run-rate cost savings; further optimization continues.
- Preferred P&C exit proceeding; anticipate $175M+ capital release by year-end 2024.