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Mar 31, 2020
Kemper Q1 2020 Earnings Report
Kemper reported a decrease in net income but an increase in adjusted consolidated net operating income for Q1 2020.
Key Takeaways
Kemper Corporation reported a net income of $64.0 million, or $0.95 per diluted share, for the first quarter of 2020, compared to $155.3 million, or $2.35 per diluted share, for the first quarter of 2019. Adjusted consolidated net operating income was $162.9 million, or $2.43 per diluted share, for the first quarter of 2020, compared to $98.9 million, or $1.50 per diluted share, for the first quarter of 2019. The increase in adjusted consolidated net operating income was primarily from other income from the satisfaction of the remaining balance due on the judgment against Computer Sciences Corporation.
Consolidated earned premiums increased by 9 percent, or $91.6 million.
Specialty Property & Casualty Insurance segment’s earned premiums increased by 13 percent, or $93.2 million.
Kemper transitioned nearly 95 percent of its employees to remote working.
Kemper announced premium credit relief for auto policyholders and extended grace periods for those experiencing financial strain.
Kemper
Kemper
Kemper Revenue by Segment
Revenue by Segment
Specialty P&C Insurance Revenue
CapyFin.comLife Insurance Revenue
CapyFin.com Forward Guidance
Kemper will remain a source of strength and stability for our stakeholders in uncertain times, and we’ll continue to be there for our customers when they need us most.
Revenue & Expenses
Visualization of income flow from segment revenue to net income