Quarterly ResultAug 5, 2026, 04:17 PM
Kemper Reports Q2 Net Loss of $464.8M Due to $460M Goodwill Impairment
AI Summary
Kemper Corporation reported a significant net loss of $464.8 million, or $(7.90) per share, for the second quarter of 2026, primarily due to a $460 million non-cash goodwill impairment. Adjusted Consolidated Net Operating Income also declined to $26.3 million from $84.1 million in the prior year. Despite these results, the company noted improving underlying operating performance and continued expense discipline in Personal Auto, while the Life business generated stable operating earnings.
Key Highlights
- Reported Q2 2026 net loss of $464.8 million, or $(7.90) per share, compared to net income of $72.6 million in Q2 2025.
- Included a non-cash goodwill impairment of $460 million, which had no impact on cash-generating ability or liquidity.
- Adjusted Consolidated Net Operating Income was $26.3 million, or $0.45 per share, down from $84.1 million in Q2 2025.
- Total revenues decreased by $132.9 million to $1,092.7 million compared to Q2 2025.
- Specialty Property & Casualty Insurance segment adjusted net operating income fell to $15.8 million from $79.0 million.
- Life Insurance segment adjusted net operating income increased to $18.3 million from $12.6 million.
- Total Shareholders' Equity decreased by $488.6 million to $2,192.8 million since year-end 2025.
- Declared a quarterly dividend of $0.32 per share, paid on June 2, 2026.
Price Impact
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