earnings
confidence high
sentiment positive
materiality 0.80
Kemper swings to Q2 net income of $75.4M from $97.1M loss; Specialty P&C combined ratio improves to 89.6%
KEMPER Corp
2024-Q2 EPS reported
$2.26
revenue$2,272,900,000
- Net income of $75.4M ($1.16 diluted EPS) vs net loss of $97.1M ($(1.52) per share) in Q2 2023.
- Adjusted Consolidated Net Operating Income of $91.7M ($1.42) vs loss of $14.2M ($(0.22)) in prior year.
- Specialty P&C underlying combined ratio improved to 89.6% (12.4 pts YoY improvement); PIF grew 4.6% sequentially.
- Parent liquidity at $1.1B; insurance entities well capitalized. CEO cites third straight quarter of operating profitability.
- ROE of 11.5% and Adjusted ROE of 17.6% for Q2 2024.