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Mar 31, 2022
Kemper Q1 2022 Earnings Report
Kemper reported a net loss due to ongoing inflation and supply chain constraints, but profit restoration actions are beginning to offset pandemic-related reopening challenges.
Key Takeaways
Kemper Corporation reported a net loss of $94.8 million for Q1 2022, compared to a net income of $123.2 million for Q1 2021. The results were impacted by ongoing inflation and supply chain constraints, though profit restoration actions are beginning to show improvement. The company's balance sheet remains strong with over $1.2 billion in liquidity.
Profitability actions to improve Personal Automobile margins are taking hold despite persistent environmental headwinds.
Specialty and Preferred Personal Automobile both reflect 11 points of quarter over quarter Underlying Combined Ratio improvement
Personal Automobile policies-in-force declined, driven by focused rate and underwriting actions resulting in lower new business activity
Debt offerings at attractive rates provide additional flexibility and strengthen parent company liquidity to $1.2 billion
Kemper
Kemper
Kemper Revenue by Segment
Revenue by Segment
Specialty P&C Insurance Revenue
CapyFin.comLife Insurance Revenue
CapyFin.com Forward Guidance
Kemper remains focused and committed in its approach to combat this environment, with continued swift execution to enable a return to target profitability and position us for long-term profitable growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income