KEMPER Corp

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.

Kemper Corporation announced that Matthew A. Hunton will depart from his position as Executive Vice President and President of Kemper Auto. His departure is effective August 3, 2026. The company stated that Mr. Hunton's termination was without cause, making him eligible for benefits under Kemper's existing Executive Severance Plan.

Kemper Corporation announced the appointment of Stephen J. McAnena as its new President and Chief Executive Officer, effective June 1, 2026. Mr. McAnena will also join the Board of Directors, while Interim CEO C. Thomas Evans, Jr. will return to his role as Executive Vice President, Secretary, and General Counsel. Concurrently, Tony DeSantis was elected as an independent non-employee director, bringing over 40 years of insurance experience. The company also adopted an Executive Severance Plan for key management employees, outlining compensation details for the new CEO.

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.

Kemper Corporation reported a net loss of $1.7 million, or $(0.03) per share, for the first quarter of 2026, a significant decline from net income of $99.7 million in the prior year. Adjusted Consolidated Net Operating Income also fell to $12.5 million from $106.4 million year-over-year. The results were primarily impacted by pressures in California personal auto and Florida Statutory Profit Limit Refunds, though the Life business generated solid results and Specialty Commercial Automobile grew. The company is implementing restructuring initiatives to achieve $60 million in run-rate savings and taking decisive actions to improve profitability.

Kemper Corporation announced a reduction in its total borrowing capacity under its Third Amended and Restated Credit Agreement. The capacity was lowered from $600 million to $350 million, effective May 4, 2026. The company stated that its available liquidity remains sufficient for its corporate purposes and that this move aligns with its ongoing efforts to reduce corporate expenses, leading to a reduction in annual fees.