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Sep 30, 2024
Kemper Q3 2024 Earnings Report
Kemper reported strong financial results, driven by Specialty Auto business, with solid underwriting performance and sequential PIF growth.
Key Takeaways
Kemper Corporation reported a net income of $73.7 million for Q3 2024, a significant improvement compared to the net loss of $146.3 million in Q3 2023. The adjusted consolidated net operating income was $105.0 million, compared to an adjusted consolidated net operating loss of $27.8 million in the same quarter last year. The results were led by the Specialty Auto business, which showed solid underwriting performance and sequential PIF growth.
Delivered another quarter of strong financial results generating a 10.8% ROE and a 16.7% Adjusted ROE
Specialty P&C continues to demonstrate strong profitable growth; underlying combined ratio of 91.3%
Specialty P&C achieved 4.5% sequential quarter PIF growth
Life business continued to generate strong return on capital and distributable cash flows
Kemper
Kemper
Kemper Revenue by Segment
Revenue by Segment
Specialty P&C Insurance Revenue
CapyFin.comLife Insurance Revenue
CapyFin.comNon-Core Operations Revenue
CapyFin.com Forward Guidance
Kemper is well positioned to continue to deliver on its promises and create long-term shareholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income