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Dec 31, 2019
Kemper Q4 2019 Earnings Report
Kemper reported strong earnings driven by profitable growth in Specialty Property & Casualty Insurance and Life & Health segments.
Key Takeaways
Kemper Corporation reported a net income of $124.7 million, or $1.85 per diluted share, for Q4 2019, compared to $6.5 million, or $0.10 per diluted share, for Q4 2018. Adjusted consolidated net operating income was $97.9 million, or $1.45 per diluted share, compared to $59.9 million, or $0.91 per diluted share, for the same period last year. The results were driven by profitable growth in the Specialty Property & Casualty Insurance segment and Life & Health earnings.
Consolidated earned premiums increased by 8 percent, or $82.2 million.
Specialty Property & Casualty Insurance segment’s earned premiums increased by 11 percent, or $81.9 million.
Net income included a $30.9 million after-tax gain attributable to the change in fair value of equity and convertible securities.
The Board of Directors declared an increase in the company’s common dividend per share to $0.30 per share, an increase in 7% of two cents over the previous quarterly dividend.
Kemper
Kemper
Kemper Revenue by Segment
Revenue by Segment
Specialty P&C Insurance Revenue
CapyFin.comLife Insurance Revenue
CapyFin.com Forward Guidance
Kemper will discuss its fourth quarter 2019 results in a conference call on Monday, February 10, at 5:00 p.m. Eastern (4:00 p.m. Central) Time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income