AI Earnings Predictions for Kemper Corporation (KMPR)

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

EX-99.1

2 kmpr202512312025ex991relea.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 Fourth Quarter 2025 Operating Results*

CHICAGO, February 4, 2026 — Kemper Corporation (NYSE: KMPR) reported a net loss of $8.0 million, or $(0.13) per share, for the fourth quarter of 2025, compared to net income of $97.4 million, or $1.51 per diluted share, for the fourth quarter of 2024.

Adjusted Consolidated Net Operating Income1 was $14.6 million, or $0.25 per share, for the fourth quarter of 2025, compared to Adjusted Consolidated Net Operating Income1 of $115.1 million, or $1.78 per diluted share, for the fourth quarter of 2024.

Summary of quarterly performance:

•Adjusted Consolidated Net Operating Income1 of $14.6 million or $0.25 per share

•Specialty P&C operating results pressured by bodily injury severity; actions underway to improve profitability

•Life business generated solid results driven by expense management

•Trailing 12-month operating cash flow of ~$585 million remained near all-time high

•Generated 5.1% ROE and 7.8% Adjusted ROE1 for FY’25; BVPS increased 4.6% YoY

•Parent liquidity remains strong at over $1.0 billion

“We are focused on taking deliberate actions to address the specific factors affecting our recent performance,” said C. Thomas Evans, Jr., Interim CEO. “We’re strengthening execution across pricing, claims and expenses while working with renewed focus to diversify our portfolio geographically. These actions are intended to improve consistency, reduce volatility, and position Kemper for long-term value creation.”

*Unless otherwise specified, discussion of our fourth quarter 2025 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.

1Non-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 EndedYear Ended

(Dollars in Millions, Except Per Share Amounts) (Unaudited)Dec 31, 2025Dec 31, 2024Dec 31, 2025Dec 31, 2024

Net (Loss) Income$(8.0)$97.4 $143.3 $317.8

Adjusted Consolidated Net Operating Income1 $14.6 $115.1 $225.5 $381.5

Impact of Catastrophe Losses and Related Loss Adjustment Expense (LAE) on Net (Loss) Income $(1.5)$(4.3)$(13.8)$(51.6)

Diluted Net (Loss) Income Per Share From:

Net (Loss) Income$(0.13)$1.51 $2.29 $4.91

Adjusted Consolidated Net Operating Income1 $0.25 $1.78 $3.60 $5.89

Impact of Catastrophe Losses and Related LAE on Net (Loss) Income Per Share $(0.02)$(0.07)$(0.22)$(0.80)

Revenues

Total revenues for the fourth quarter of 2025 decreased $55.4 million to $1,131.4 million compared to the fourth quarter of 2024. The decline was primarily due to a $35.0 million Florida Statutory Profit Limit Refund in the Specialty Property & Casualty Insurance segment, lower Specialty Personal Automobile volumes, and a $16.3 million reduction in earned premium from Non-Core Operations due to lower volumes resulting from the exit and 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 EndedYear Ended

(Dollars in Millions) (Unaudited)Dec 31, 2025Dec 31, 2024Dec 31, 2025Dec 31, 2024

Segment Adjusted Net Operating Income (Loss):

Specialty Property & Casualty Insurance$2.6 $101.2 $187.1 $376.3

Life Insurance20.1 23.5 68.5 50.2

Total Segment Adjusted Net Operating Income22.7 124.7 255.6 426.5

Corporate and Other Adjusted Net Operating Loss(10.1)(11.3)(40.8)(50.3)

Less: Net Loss attributable to Noncontrolling Interest(2.0)(1.7)(10.7)(5.3)

Adjusted Consolidated Net Operating Income1 14.6 115.1 225.5 381.5

Net (Loss) Income From:

Change in Fair Value of Equity and Convertible Securities (1.4)(2.0)(3.4)(2.1)

Net Realized Investment Gains0.6 3.1 4.3 10.4

Impairment Losses(3.4)(1.6)(8.5)(4.6)

Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs(15.5)(7.5)(43.1)(31.8)

Debt Extinguishment, Pension Settlement and Other Charges — (7.3)0.4 (7.4)

Non-Core Operations(2.9)(2.4)(31.9)(28.2)

Net (Loss) Income attributable to Kemper Corporation $(8.0)$97.4 $143.3 $317.8

The Specialty Property and Casualty Insurance segment reported adjusted net operating income of $2.6 million in the fourth quarter of 2025, compared to adjusted net operati