Quarterly ResultMay 6, 2026, 04:20 PM
Kemper Q1 Net Loss $1.7M; EPS $(0.03); Revenue Down 7.2%
AI Summary
Kemper Corporation reported a net loss of $1.7 million for the first quarter of 2026, a significant decline from a net income of $99.7 million in the prior-year period. Basic earnings per share also fell to $(0.03) from $1.56. Total revenues decreased by 7.2% to $1,107.2 million, primarily due to an 8.1% drop in earned premiums. The Specialty Property & Casualty Insurance segment saw a sharp decline in adjusted net operating income, while the Life Insurance segment posted a modest increase.
Key Highlights
- Net loss attributable to Kemper Corporation was $(1.7) million, down from $99.7 million in Q1 2025.
- Basic net loss per unrestricted share was $(0.03), compared to $1.56 in Q1 2025.
- Total revenues decreased 7.2% to $1,107.2 million from $1,193.0 million year-over-year.
- Earned premiums fell 8.1% to $999.3 million from $1,087.9 million in the prior year.
- Specialty Property & Casualty Insurance adjusted net operating income plummeted to $0.1 million from $97.9 million.
- Life Insurance adjusted net operating income increased 4.7% to $18.0 million.
- Net cash provided by operating activities decreased 50.7% to $88.8 million.
- Dividends paid totaled $18.3 million in Q1 2026.
Price Impact
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