Kemper Corporation reported a net income of $75.4 million for the second quarter of 2024, a significant improvement compared to the net loss of $97.1 million in the same quarter of the previous year. The adjusted consolidated net operating income was $91.7 million, compared to a loss of $14.2 million in Q2 2023. Key highlights include improved profitability, a better underlying combined ratio in the Specialty P&C segment, and sequential growth in policies-in-force.
Profitability continued to improve sequentially, generating an 11.5% ROE and a 17.6% Adjusted ROE.
Specialty P&C underlying combined ratio improved 4.0 points sequentially to 89.6%, a 12.4 point improvement over 2Q’23.
Specialty P&C achieved 4.6% sequential quarter PIF growth.
Underlying business fundamentals in the Life business remain stable.
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