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Dec 31, 2020
Kemper Q4 2020 Earnings Report
Kemper reported strong operating results for the fourth quarter of 2020, with net income of $97.5 million and adjusted consolidated net operating income of $105.8 million.
Key Takeaways
Kemper Corporation reported a net income of $97.5 million for Q4 2020, compared to $124.7 million in Q4 2019. The adjusted consolidated net operating income was $105.8 million, up from $97.9 million in the prior year quarter. The company's specialty P&C earned premiums increased by 10%, and policies-in-force grew by approximately 4%.
Specialty P&C earned premiums increased by $83 million or 10%, and policies-in-force grew ~4%.
Life & Health produced net operating income of $9 million while absorbing protracted “catastrophe like” pandemic.
Kemper announced the acquisition of American Access, further enhancing Kemper’s specialty auto expertise.
Kemper’s defined benefit pension plan purchased annuities and offered lump-sum payments, thereby reducing pension risk resulting in a non-cash after-tax pension settlement expense of $50.6 million.
Revenue by Segment
Forward Guidance
Kemper remains well positioned to continue to deliver value to all our stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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