Kemper Corporation Business Overview and Operations

Kemper Corporation is a leading provider of insurance and reinsurance products. They have a long history dating back to 1967 when they were founded.

Kemper's business model is built around their insurance and reinsurance operations, which generate the majority of their revenue. They offer a wide range of insurance products to individuals and businesses.

Kemper's operations are divided into several segments, including personal insurance, commercial insurance, and life insurance.

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Kemper Corporation's insurance operations are a significant part of their business, with a long history dating back to 1910. They offer a range of insurance products to individuals and businesses.

Their insurance operations are organized into several segments, including property and casualty insurance, life insurance, and health insurance. Kemper's property and casualty insurance segment provides coverage for auto, home, and other types of property damage. They also offer life insurance and health insurance products, including individual and group policies.

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The Property & Casualty Insurance market is a significant sector in the insurance industry, with various companies offering a range of services. Kemper Corporation is one such company, with a market capitalization of $4.3 billion.

Kemper's Property & Casualty Insurance segment includes auto insurance, home insurance, and other related services. This segment is a key part of the company's operations, with a focus on non-standard auto insurance and preferred/standard book of business.

The company's auto insurance business includes Kemper Auto, Infinity, and Kemper Personal Insurance. These businesses provide insurance solutions to drivers across the country, with a focus on non-standard auto insurance.

Here's a snapshot of some of the major players in the Property & Casualty Insurance market:

Kemper Corporation's market performance has been impacted by various factors, including catastrophe losses and changes in the insurance market. Despite this, the company has reported improved profitability in its specialty auto business, with net written premiums in commercial vehicles growing 34%.

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Kemper Life & Health is a significant segment of Kemper's insurance operations, and it's made up of two main businesses: Kemper Life and Kemper Health.

Kemper Life is a key component of this segment, offering a range of insurance products.

Kemper Life & Health operates these businesses, providing insurance solutions to customers.

Kemper's Life & Health segment is focused on helping customers protect their well-being and finances through various insurance products.

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Kemper Corporation's financial performance has seen its share of ups and downs. In Q3 2022, the company reported a net loss of $76.2 million, or $(1.19) per diluted share.

The company's adjusted losses were $72.7 million, a slight increase from the $68.6 million loss in the prior year. This was largely due to a loss from equity securities and catastrophe losses of $27 million, primarily from Hurricane Ian.

Despite a decrease in total revenues to $1.38 billion (down 5%), specialty auto profitability improved with net written premiums in commercial vehicles growing 34%. This is a positive sign for the company's future growth.

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The company has also been working to strengthen its operations through strategic initiatives. This includes improving its specialty auto business and increasing its presence in the commercial vehicle market.

In terms of its financial stability, Kemper Corporation has approximately $13 billion in assets. This provides a solid foundation for the company to continue operating and investing in its business.

Here's a breakdown of Kemper Corporation's financial performance in Q3 2022:

Kemper Corporation's financial performance is closely tied to its stock market performance. As a publicly traded company, its stock is listed on the NYSE under the ticker symbol KMPR.

Kemper Corporation has declared a quarterly dividend of $0.31 per share, payable on February 28, 2023, to shareholders recorded as of February 13, 2023.

The company has a significant asset base of approximately $13 billion and serves over six million policies through its Auto, Personal Insurance, and Life brands.

Kemper will release its fourth quarter 2022 earnings on February 2, 2023, after market close, with preliminary results indicating a net loss between $50 million and $65 million.

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Kemper Corporation will release its third quarter 2022 earnings on November 2, 2022. The company anticipates pre-tax catastrophe losses due to Hurricane Ian between $25 million and $30 million, with no expected recovery from reinsurance.

The earnings call will be accessible via phone or webcast at 5:00 p.m. Eastern on the same day as the earnings release.

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Kemper Corporation recently announced a quarterly dividend of $0.31 per share. This dividend will be payable on February 28, 2023, to shareholders recorded as of February 13, 2023.

Kemper is committed to providing personalized insurance solutions to its customers, serving over six million policies across its Auto, Personal Insurance, and Life brands. With a network of 33,500 agents, the company is well-equipped to meet the evolving needs of its customers.

The dividend payout reflects Kemper's ability to generate cash from its operations, with approximately $13 billion in assets. This financial stability allows the company to reward its shareholders while continuing to invest in its business.

Kemper has a history of declaring quarterly dividends, with the most recent one announced in December 2022, payable on December 1, 2022. This consistency in dividend payouts demonstrates the company's commitment to its shareholders and its financial stability.

Kemper Corporation has announced its schedule for releasing its fourth quarter 2022 earnings, which will be on February 2, 2023, after market close.

The preliminary results indicate a net loss between $50 million and $65 million, and an adjusted net operating loss of $25 million to $35 million.

A conference call is scheduled for February 2, 2023, at 5:00 PM Eastern, where investors and analysts can learn more about the company's financial performance.

Kemper's fourth quarter was affected by increased claim reserves and prior-year reserve development losses totaling $8 million.

Despite these challenges, Kemper reported a favorable prior year reserve development of $17 million for the year.

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The Kemper Corporation has a diverse and experienced board of directors. George Cochran has been a director since 2015.

Their board is led by two chairmen: Joseph Lacher since 2021 and Gerry Laderman since 2024. Lacy Johnson, Susan Whiting, Teresa Canida, and Stuart Parker are all directors who have been serving on the board since 2016, 2017, 2018, and 2020, respectively.

Here is a list of the current board members, including their age and the year they joined the board:

The Kemper Corporation has a diverse and experienced management team.

Joseph Lacher serves as the CEO, a position he has held since November 18, 2015.

The company's Director of Finance and CFO is Brad Camden, who took on the role on September 14, 2023.

Ismat Aziz is the Chief Administrative Officer, a position she has held since November 30, 2020.

Charles Brooks is the Chief Operating Officer, a position he has held since February 28, 2017.

John Boschelli is the Chief Investment Officer, a position he has held since April 30, 2009.

Here are the key members of the management team:

The board members of Kemper Corporation are a diverse group of experienced professionals.

George Cochran has been a Director/Board Member since 2015. His extensive experience is an asset to the board.

Joseph Lacher, the current Chairman, joined the board in 2021. He's been in the industry for many years and brings valuable insights.

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Lacy Johnson has been a Director/Board Member since 2016. Her dedication to the company is evident in her long tenure.

Susan Whiting, another Director/Board Member, joined the board in 2017. Her expertise has been a valuable addition to the team.

Teresa Canida has been a Director/Board Member since 2018. Her contributions have been significant, and she's a respected member of the board.

Gerry Laderman, the former Chairman, joined the board in 2024. He's a seasoned professional with a wealth of experience.

Stuart Parker and Jason Gorevic are both Directors/Board Members who joined the board in 2020 and 2022, respectively. They bring a fresh perspective to the table.

Alberto Paracchini joined the board in 2023, and Suzet McKinney joined in 2024. Both are experienced professionals who will contribute to the board's decision-making process.

Here is a list of the current board members:

Kemper Corporation has been actively expanding its presence through strategic acquisitions.

In April 2015, Kemper acquired Alliance United Insurance Company, one of the fastest growing auto insurance providers in California.

Kemper's growth continued with the acquisition of Infinity Property and Casualty Corporation in July 2018, a cash and stock transaction valued at approximately $1.4 billion.

This acquisition allowed Kemper to tap into the specialty, nonstandard segment of the auto insurance market.

In April 2021, Kemper completed the acquisition of American Access Casualty Company, a Downers Grove, Illinois-based company specializing in automobile insurance for the Hispanic community.

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Kemper has made significant acquisitions over the years, expanding its presence in the auto insurance market.

In April 2015, Kemper acquired Alliance United Insurance Company, a rapidly growing auto insurance provider in California.

Kemper's acquisition of Infinity Property and Casualty Corporation in July 2018 was a cash and stock transaction valued at approximately $1.4 billion.

This acquisition helped Kemper tap into the specialty, nonstandard segment of the auto insurance market.

In April 2021, Kemper completed the acquisition of American Access Casualty Company, an Illinois-based company specializing in automobile insurance for the Hispanic community.

Kemper's strategic acquisitions have enabled it to grow its customer base and expand its services in key markets.

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Kemper Corporation is expanding its operations in Union County, South Carolina. The company is investing $1.9 million in its new production facility.

Located at 100 Times Boulevard in Union, S.C., the facility will be 18,000 square feet. Hiring for the new jobs is expected to begin in the third quarter of 2018.

The new facility will create 28 new jobs. Interested applicants can contact [email protected] for more information.

The Coordinating Council for Economic Development has approved job development credits related to this project.

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