Picture of Kemper logo

KMPR Kemper News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedMid CapContrarian

Brief: Kemper Q2 EPS USD 1.12

Overview

Kemper Q2 net income declines to $72.6 mln from $75.4 mln yr/yr

Adjusted consolidated net operating income falls to $84.1 mln from $91.7 mln yr/yr

Co repurchased $80 mln of stock, maintaining strong liquidity position

Outlook

Kemper highlights strong balance sheet and liquidity for financial flexibility

Company confident in competitive advantages driving profitable growth

Result Drivers

SPECIALTY P&C - Segment's adjusted net operating income fell due to higher underlying combined ratio and adverse prior year development

LIFE INSURANCE - Segment's adjusted net operating income improved, driven by increased net investment income

RATE INCREASES - Specialty P&C earned premiums rose due to rate increases and higher business volumes

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 EPS$1.12
Q2 Net Income$72.60 mln
Q2 Adjusted Consolidated Net Operating Income$84.10 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the property & casualty insurance peer group is "buy" Wall Street's median 12-month price target for Kemper Corp is $82.00, about 25.7% above its August 4 closing price of $60.91 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nBw4NhkBGa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Kemper

See all news