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Jun 30, 2020
Kemper Q2 2020 Earnings Report
Kemper reported strong second quarter operating results with gains in net income and earnings per share, driven by specialty auto business and diversified model.
Key Takeaways
Kemper Corporation reported a strong second quarter with net income of $126.1 million, or $1.91 per diluted share, compared to $122.1 million, or $1.84 per diluted share, for the second quarter of 2019. The results were highlighted by continued strong performance in the Specialty Auto business and the value of Kemper's diversified model.
Delivered double-digit return on equity and solid adjusted consolidated net operating earnings per share
Excluding impact of $100 million of premium credits in auto business, earned premiums increased 6% in the quarter
Specialty P&C earned premiums increased by $80 million or 10%, excluding the impact of premium credits, and segment earnings grew ~8% over the quarter
Strong capital and liquidity positions continue to provide significant financial flexibility
Kemper
Kemper
Kemper Revenue by Segment
Revenue by Segment
Specialty P&C Insurance Revenue
CapyFin.comLife Insurance Revenue
CapyFin.com Forward Guidance
Kemper's strong balance sheet and ample capital and liquidity positions provide significant financial flexibility, allowing the company to support its businesses and act on opportunities.
Positive Outlook
- Strong balance sheet
- Ample capital and liquidity positions
- Significant financial flexibility
- Ability to support businesses through turbulent times
- Ability to act on opportunities that may present themselves
Challenges Ahead
- Uncertain economic environment
- Challenges of the pandemic
- Reduction in consumer shopping activity
- Pandemic-related activities impacted new business sales
- Potential impacts of the Pandemic and related economic conditions on the Company’s operating and financial results
Revenue & Expenses
Visualization of income flow from segment revenue to net income