KMPR

EX-99.1

2 kmpr2026q3ex991pre-release.htm

EX-99.1 - PRESS RELEASE

Document

Exhibit 99.1

Kemper Corporation

200 East Randolph Street

Suite 3300

Chicago, IL 60601

kemper.com

Press Release

Kemper Announces Preliminary Third Quarter 2026 Financial Results

CHICAGO, October 28, 2026 — Kemper Corporation (NYSE: KMPR) Kemper Corporation (NYSE: KMPR) today announced preliminary financial results for the third quarter ended September 30, 2026, reflecting sequential improvement in consolidated operating earnings and Specialty Auto underwriting performance.

“We are pleased with the improvement in our third quarter results, but we have more work to do,” said Stephen J. McAnena, President and Chief Executive Officer. “Our focus remains on disciplined execution and returning Kemper to consistent, sustainable profitability.”

Preliminary Third Quarter Financial Highlights*

•Net Income is expected to be approximately $52 million, or $0.88 per diluted share, compared with a net loss of $465 million, or $7.90 per share, in the second quarter of 2026.

•Adjusted Consolidated Net Operating Income1 is expected to be approximately $60 million, or $1.01 per diluted share, compared with $26 million, or $0.45 per share, in the second quarter of 2026.

•Specialty Auto Combined Ratio is expected to be approximately 99.2%, an improvement of 4.8 percentage points from 104.0% in the second quarter of 2026. Third quarter results include approximately $23 million of favorable prior-year reserve development.

•Specialty Auto Underlying Combined Ratio1 is expected to be approximately 101.7%, compared with 102.3% in the second quarter of 2026.

•Life Insurance Operating Earnings are expected to be approximately $20 million, compared with $18 million in the second quarter of 2026.

•Consolidated Net Investment Income is expected to be approximately $107 million, compared with $105 million in the second quarter of 2026.

Third Quarter Earnings Announcement

Kemper expects to release its complete third quarter 2026 financial results on Monday, November 9, 2026, followed by its previously scheduled earnings conference call on Tuesday, November 10, 2026, at 7:00 a.m. Central Time.

*Unless otherwise specified, discussion of our third quarter 2026 results is focused on net income attributable to Kemper Corporation common shareholders, which does not include financial results from Kemper Reciprocal. The results of Kemper Reciprocal are consolidated under US GAAP.

1 Non-GAAP financial measure. All Non-GAAP financial measures are denoted with footnote 1 throughout this release. See “Use of Non-GAAP Financial Measures” for additional information.

Use of Non-GAAP Financial Measures

Adjusted Consolidated Net Operating Income is an after-tax, non-GAAP financial measure and is computed by excluding from Net Income (Loss) attributable to Kemper Corporation the after-tax impact of:

(i) Change in Fair Value of Equity and Convertible Securities;

(ii) Net Realized Investment (Losses) Gains;

(iii) Impairment Losses;

(iv) Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs;

(v) Debt Extinguishment and Other Charges;

(vi) Goodwill Impairment;

(vii) Non-Core Operations; and

(viii) Significant non-recurring or infrequent items that may not be indicative of ongoing operations

Significant non-recurring items are excluded when (a) the nature of the charge or gain is such that it is reasonably unlikely to recur within two years, and (b) there has been no similar charge or gain within the prior two years. The most directly comparable GAAP financial measure is Net Income (Loss) attributable to Kemper Corporation. There were no applicable significant non-recurring items that Kemper excluded from the calculation of Adjusted Consolidated Net Operating Income for the three months ended June 30, 2026 or September 30, 2026.

Kemper believes that Adjusted Consolidated Net Operating Income provides investors with a valuable measure of its ongoing performance because it reveals underlying operational performance trends that otherwise might be less apparent if the items were not excluded. Change in Fair Value of Equity and Convertible Securities, Net Realized Investment (Losses) Gains and Impairment Losses related to investments included in Kemper’s results may vary significantly between periods and are generally driven by business decisions and external economic developments such as capital market conditions that impact the values of Kemper’s investments, the timing of which is unrelated to the insurance underwriting process. Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs may vary significantly between periods and are generally driven by the timing of business decisions which are unrelated to the insurance underwriting process. In the second quarter of 2026, the Company completed the sale of Newins and recorded a gain in connection with the transaction. In the third quarter

EX-99.1

2 kmpr20266302026ex991release.htm

EX-99.1

Document

Exhibit 99.1

Kemper Corporation

200 East Randolph Street

Suite 3300

Chicago, IL 60601

kemper.com

Press Release

Kemper Reports Second Quarter 2026 Operating Results*

CHICAGO, August 5, 2026 — Kemper Corporation (NYSE: KMPR) reported second quarter 2026 results, which included a non-cash goodwill impairment of $460 million. This has no impact on the cash-generating ability of our businesses, statutory capital, holding company liquidity, or compliance with our debt and revolving credit covenants. Including this charge, Kemper reported a net loss of $464.8 million, or $(7.90) per share, for the second quarter of 2026, compared to net income of $72.6 million, or $1.12 per diluted share, for the second quarter of 2025.

Adjusted Consolidated Net Operating Income1 was $26.3 million, or $0.45 per share, for the second quarter of 2026, compared to Adjusted Consolidated Net Operating Income1 of $84.1 million, or $1.30 per diluted share, for the second quarter of 2025.

Summary of quarterly performance:

•Underlying operating performance improved sequentially; reported results included a non-cash goodwill impairment and valuation allowance

•Delivered Adjusted Consolidated Net Operating Income¹ of $26.3 million, or $0.45 per share

•Personal Auto profitability improved, reflecting underwriting actions and continued expense discipline

•Commercial Auto maintained strong underlying performance; reported profitability was impacted by prior-year reserve development

•Life business continued to generate stable operating earnings

•Strengthened leadership and organizational alignment to improve accountability and execution

“This quarter reflects improving underlying operating performance and the actions we’re taking to restore profitability,” said President and CEO Stephen J. McAnena. “While there is more work ahead, we have a clear understanding of where performance must improve and are taking decisive actions to strengthen execution, sharpen accountability, and improve returns across our business. I am confident these actions will position Kemper to deliver stronger, more consistent results and create long-term value for shareholders.”

*Unless otherwise specified, discussion of our second quarter 2026 results is focused on net income attributable to Kemper Corporation common shareholders, which does not include financial results from Kemper Reciprocal that are presented within the condensed consolidated financial results in this release. The results of Kemper Reciprocal are consolidated under US GAAP.

1 Non-GAAP financial measure. All Non-GAAP financial measures are denoted with footnote 1 throughout this release. See “Use of Non-GAAP Financial Measures” for additional information.

Three Months EndedSix Months Ended

(Dollars in Millions, Except Per Share Amounts) (Unaudited)Jun 30, 2026Jun 30, 2025Jun 30, 2026Jun 30, 2025

Net (Loss) Income$(464.8)$72.6 $(466.5)$172.3

Adjusted Consolidated Net Operating Income1 $26.3 $84.1 $38.8 $190.5

Impact of Catastrophe Losses and Related Loss Adjustment Expense (LAE) on Net (Loss) Income $(5.0)$(6.1)$(8.0)$(11.7)

Diluted Net (Loss) Income Per Share From:

Net (Loss) Income$(7.90)$1.12 $(7.93)$2.66

Adjusted Consolidated Net Operating Income1 $0.45 $1.30 $0.66 $2.95

Impact of Catastrophe Losses and Related LAE on Net (Loss) Income Per Share $(0.09)$(0.09)$(0.14)$(0.18)

Revenues

Total revenues for the second quarter of 2026 decreased $132.9 million to $1,092.7 million compared to the second quarter of 2025. The decline was primarily due to lower Specialty Personal Automobile volumes and higher impairment losses, partially offset by higher Specialty Commercial Automobile volumes and net investment income.

2

Segment Results

Unless otherwise noted, (i) the segment results discussed below are presented on an after-tax basis, (ii) prior-year development includes both catastrophe and non-catastrophe losses and LAE, (iii) catastrophe losses and LAE exclude the impact of prior-year development, (iv) loss ratio includes loss and LAE, and (v) all comparisons are made to the prior year quarter unless otherwise stated.

Three Months EndedSix Months Ended

(Dollars in Millions) (Unaudited)Jun 30, 2026Jun 30, 2025Jun 30, 2026Jun 30, 2025

Segment Adjusted Net Operating Income:

Specialty Property & Casualty Insurance$15.8 $79.0 $15.9 $176.9

Life Insurance18.3 12.6 36.3 29.8

Total Segment Adjusted Net Operating Income34.1 91.6 52.2 206.7

Corporate and Other Adjusted Net Operating Loss(9.0)(10.3)(17.3)(21.7)

Less: Net Loss attributable to Noncontrolling Interest(1.2)(2.8)(3.9)(5.5)

Adjusted Consolidated Net Operating Income1 26.3 84.1 38.8 190.5

Net (Loss) Income From:

Change in Fair Value of Equity and Convertible Securities(1.4)(0.4)(2.4)(0.3)

Net Realized Investment Gains (Losses)0.5 (0.1)0.8 0.6

Impairment Losses(18.8)(2.8)(20.1)(2.6)

Acquisition and Disposition Related Transaction, Integration, Restructur

EX-99.1

2 kmpr202603312026ex991relea.htm

EX-99.1

Document

Exhibit 99.1

Kemper Corporation

200 East Randolph Street

Suite 3300

Chicago, IL 60601

kemper.com

Press Release

Kemper Reports First Quarter 2026 Operating Results*

CHICAGO, May 6, 2026 — Kemper Corporation (NYSE: KMPR) reported a net loss of $1.7 million, or $(0.03) per share, for the first quarter of 2026, compared to net income of $99.7 million, or $1.54 per diluted share, for the first quarter of 2025.

Adjusted Consolidated Net Operating Income1 was $12.5 million, or $0.21 per share, for the first quarter of 2026, compared to Adjusted Consolidated Net Operating Income1 of $106.4 million, or $1.65 per diluted share, for the first quarter of 2025.

Summary of quarterly performance:

•Adjusted Consolidated Net Operating Income1 of $12.5 million or $0.21 per share

•Specialty Personal Automobile’s operating results impacted by losses in California; taking rate and non-rate actions to improve profitability

•Specialty Commercial Automobile grew PIF at 10% YoY while producing an Underlying Combined Ratio1 of 92.4%

•Life business generated solid results driven by underwriting performance and management actions

•Restructuring initiatives well underway with $60 million run-rate savings identified and $50 million already actioned

“Our results this quarter reflect continued pressure in parts of the business, particularly California personal auto, while other areas of the portfolio are performing well and contributing positively,” said C. Thomas Evans, Jr., Interim CEO. “This includes strong results in our commercial auto business and continued personal auto diversification into key markets like Florida and Texas. We are taking decisive actions across underwriting, claims, and expense to return the business to profitability and drive more consistent performance over time.”

*Unless otherwise specified, discussion of our first quarter 2026 results is focused on net income attributable to Kemper Corporation common shareholders, which does not include financial results from Kemper Reciprocal that are presented within the condensed consolidated financial results in this release. The results of Kemper Reciprocal are consolidated under US GAAP.

1 Non-GAAP financial measure. All Non-GAAP financial measures are denoted with footnote 1 throughout this release. See “Use of Non-GAAP Financial Measures” for additional information.

Three Months Ended

(Dollars in Millions, Except Per Share Amounts) (Unaudited)Mar 31, 2026Mar 31, 2025

Net (Loss) Income$(1.7)$99.7

Adjusted Consolidated Net Operating Income1 $12.5 $106.4

Impact of Catastrophe Losses and Related Loss Adjustment Expense (LAE) on Net (Loss) Income $(3.0)$(5.6)

Diluted Net (Loss) Income Per Share From:

Net (Loss) Income$(0.03)$1.54

Adjusted Consolidated Net Operating Income1 $0.21 $1.65

Impact of Catastrophe Losses and Related LAE on Net (Loss) Income Per Share $(0.05)$(0.09)

Revenues

Total revenues for the first quarter of 2026 decreased $85.8 million to $1,107.2 million compared to the first quarter of 2025. The decline was primarily due to lower Specialty Personal Automobile volumes, a $28.0 million Florida Statutory Profit Limit Refund in the Specialty Property & Casualty Insurance segment, and a $12.7 million reduction in earned premiums from Non-Core Operations given the run-off of the Preferred Insurance business.

2

Segment Results

Unless otherwise noted, (i) the segment results discussed below are presented on an after-tax basis, (ii) prior-year development includes both catastrophe and non-catastrophe losses and LAE, (iii) catastrophe losses and LAE exclude the impact of prior-year development, (iv) loss ratio includes loss and LAE, and (v) all comparisons are made to the prior year quarter unless otherwise stated.

Three Months Ended

(Dollars in Millions) (Unaudited)Mar 31, 2026Mar 31, 2025

Segment Adjusted Net Operating Income:

Specialty Property & Casualty Insurance$0.1 $97.9

Life Insurance18.0 17.2

Total Segment Adjusted Net Operating Income18.1 115.1

Corporate and Other Adjusted Net Operating Loss(8.3)(11.4)

Less: Net Loss attributable to Noncontrolling Interest(2.7)(2.7)

Adjusted Consolidated Net Operating Income1 12.5 106.4

Net (Loss) Income From:

Change in Fair Value of Equity and Convertible Securities (1.0)0.1

Net Realized Investment Gains0.3 0.7

Impairment Losses(1.3)0.2

Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs(5.0)(4.2)

Debt Extinguishment, Pension Settlement and Other Charges — 0.4

Non-Core Operations(7.2)(3.9)

Net (Loss) Income attributable to Kemper Corporation $(1.7)$99.7

The Specialty Property and Casualty Insurance segment reported adjusted net operating income of $0.1 million in the first quarter of 2026, compared to adjusted net operating income of $97.9 million in the first quarter of 2025. This decrease was due primarily to an increase in our Specialty Personal Automobile Underlying loss