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Dec 31, 2022
Kemper Q4 2022 Earnings Report
Kemper reported a net loss and focused on restoring profitability through rate increases and cost reduction initiatives.
Key Takeaways
Kemper Corporation reported a net loss of $55.5 million for Q4 2022, an improvement compared to the net loss of $105.8 million in Q4 2021. The company is focused on restoring profitability through rate increases in Specialty and Preferred P&C Personal Auto, growth in Commercial Vehicle, and improving Life profitability. Strategic initiatives to reduce costs and enhance capabilities are on track.
Focus remains on restoring profitability; actions taken earning in at an accelerated rate.
Higher seasonality and modest current year prior quarter reserve development impacted results
Rate-taking activities continue ahead of schedule.
Continued strong profitable growth momentum in Commercial Vehicle, net written premiums grew 33% year-over-year.
Revenue by Segment
Forward Guidance
Kemper is focused on improving profitability through rate increases, cost reductions, and strategic initiatives.
Positive Outlook
- Rate and non-rate actions are earning in at an accelerating rate.
- Cost structure measures are being implemented.
- Improving profitability in the Life business.
- Strength of Kemper’s differentiated capabilities.
- Enhancement initiatives position the company to provide attractive near- and long-term returns to shareholders.
Challenges Ahead
- Changes in the frequency and severity of insurance claims.
- Claim development and the process of estimating claim reserves.
- The impacts of inflation.
- Supply chain disruption.
- Investment risks.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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