Kemper swings to Q1 net income of $71.3M from loss; Specialty P&C combined ratio improves to 93.6%

KEMPER Corp

2024-Q1 EPS reported $1.10 revenue$1,143,000,000

Net income $71.3M ($1.10/diluted) vs net loss of $80.1M ($1.25 loss) in Q1 2023.
Adjusted net operating income $69.7M ($1.07/diluted) vs adjusted net operating loss $55.7M ($0.87 loss) YoY.
Specialty P&C underlying combined ratio 93.6%, a 14.4 point improvement YoY and 4.6 points sequentially.
Parent liquidity remains strong at $1.1B; insurance subsidiaries well capitalized.
CEO: profit restoration actions exceeded target returns; focus on stabilizing policy in force levels.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KEMPER Corp reported the first quarter of 2024 results: net income net income of $71.3 million, or $1.10 per diluted share, EPS $1.10 per diluted share.

Period: the first quarter of 2024
Net income: net income of $71.3 million, or $1.10 per diluted share
EPS: $1.10 per diluted share
Result: reported results

Exact text from the filing

Kemper Corporation (NYSE: KMPR) reported net income of $71.3 million, or $1.10 per diluted share, for the first quarter of 2024, compared to a net loss of $80.1 million, or $(1.25) per share, for the first quarter of 2023.

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Source: SEC EDGAR

accession 0000860748-24-000130

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