| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.1K | 1.3% | 10.8% |
| Total Income | 1.1K | 1.3% | 10.8% |
| Expenditure | 1.6K | 40.1% | 37.3% |
| PBT | — | ||
| Net Profit | -464.80 | 27241.2% | 740.2% |
| OPM | — | ||
| NPM | -42.54% | 42.38pp | 48.46pp |
| EPS | -7.90 | 26233.3% | 799.1% |
Kemper Reports Q2 2026 Results Impacted by Goodwill Impairment
06 Aug 2026 · 6 Aug, 1:47 am
Summary
Kemper Corporation reported a net loss of $464.8 million for the second quarter of 2026, significantly impacted by a $460 million non-cash goodwill impairment. Adjusted Consolidated Net Operating Income decreased to $26.3 million from $84.1 million in the prior year quarter. Total revenues declined to $1,092.7 million from $1,225.6 million year-over-year. While the Specialty Property & Casualty segment saw a decrease in adjusted net operating income, the Life Insurance segment showed improvement. Management noted that underlying operating performance improved sequentially and expressed confidence in actions being taken to restore profitability and strengthen execution.
Key Highlights
- 1
Kemper reported a net loss of $464.8 million, or $(7.90) per share, for the second quarter of 2026, compared to a net income of $72.6 million, or $1.12 per diluted share, for the second quarter of 2025.
- 2
Adjusted Consolidated Net Operating Income was $26.3 million, or $0.45 per share, for the second quarter of 2026, down from $84.1 million, or $1.30 per diluted share, in the prior year quarter.
- 3
Total revenues for the second quarter of 2026 decreased $132.9 million to $1,092.7 million compared to the second quarter of 2025.
- 4
The Specialty Property and Casualty Insurance segment reported adjusted net operating income of $15.8 million in Q2 2026, a decrease from $79.0 million in Q2 2025, primarily due to an increase in the Specialty Personal Automobile Underlying loss and LAE ratio.
- 5
The Life Insurance segment reported adjusted net operating income of $18.3 million for Q2 2026, an improvement from $12.6 million in Q2 2025, driven by higher Net Investment Income and Earned Premiums.
- 6
Kemper Corporation Shareholders’ Equity was $2,192.8 million as of June 30, 2026, a decrease of $488.6 million from year-end 2025.
- 7
A non-cash goodwill impairment of $460 million was recorded in the second quarter of 2026, which has no impact on cash-generating ability, statutory capital, or liquidity.
Management Comments
Stephen J. McAnena
This quarter reflects improving underlying operating performance and the actions we’re taking to restore profitability. While there is more work ahead, we have a clear understanding of where performance must improve and are taking decisive actions to strengthen execution, sharpen accountability, and improve returns across our business. I am confident these actions will position Kemper to deliver stronger, more consistent results and create long-term value for shareholders.
Informational and educational content only. Not investment advice.