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Dec 31, 2023
Kemper Q4 2023 Earnings Report
Kemper reported a return to profitability, driven by improvements in the Specialty P&C underlying combined ratio and strategic initiatives that increased liquidity.
Key Takeaways
Kemper Corporation reported a net income of $51.4 million for Q4 2023, a significant improvement compared to the net loss of $53.3 million in Q4 2022. The adjusted consolidated net operating income was $50.5 million, compared to a loss of $23.5 million in the same period last year. The company's Specialty P&C underlying combined ratio improved, and strategic initiatives led to increased liquidity and expense savings.
Specialty P&C underlying combined ratio improved to 98.2%.
Life business continues to produce stable earnings.
Parent liquidity increased to $1.1 billion.
Achieved $150 million in expense savings.
Revenue by Segment
Forward Guidance
Kemper is transitioning to the next phase, balancing underwriting profitability and new business generation to optimize long-term profitable growth.
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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