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Kemper Reports Third Quarter 2026 Operating Results*

KMPR
  • Kemper Corporation reported Net Income of $52.4 million ($0.88 per diluted share) for Q3 2026, reversing a $21.0 million loss in the same period of 2025.
  • Adjusted Consolidated Net Operating Income reached $59.9 million ($1.01 per share) in Q3 2026, up from $20.4 million ($0.33 per share) in Q3 2025.
  • Total revenues for the third quarter decreased $149.1 million to $1,090.6 million, driven by lower Specialty Personal Automobile volumes offset by higher Specialty Commercial Automobile volumes.
  • Specialty Property & Casualty Insurance segment Adjusted Net Operating Income increased to $54.4 million in Q3 2026 from $7.6 million in Q3 2025, primarily due to favorable prior year development in Personal Automobile & lower adverse development in Commercial Automobile.
  • Life Insurance segment Adjusted Net Operating Income rose to $19.8 million in Q3 2026 from $18.6 million in Q3 2025, fueled by higher Earned Premiums despite increased Policyholders' Benefits.
  • California Personal Auto Combined Ratio improved by 12 points & Underlying Combined Ratio improved by 7 points since Q1 2026.
  • Total Kemper Corporation Shareholders' Equity was $2,133.3 million as of September 30, 2026, a 20 percent decrease from year-end 2025 due to comprehensive losses.
  • The company paid a quarterly dividend of $0.32 per share ($18.9 million total) on September 4, 2026.
  • Book value per share declined 21 percent to $36.20 at the end of Q3 2026, while Adjusted Book Value per share increased slightly to $28.13 from $28.06 at the end of 2025.
  • Nine months ended September 30, 2026, showed a Net Loss of $414.1 million ($7.04 per share) primarily due to a $460.0 million goodwill impairment & other non-core charges.
  • Kemper ended the quarter with $90.8 million in cash & investments & $350.0 million in available borrowing capacity under its revolving credit agreement.
  • A conference call to discuss the Q3 2026 results is scheduled for November 10, 2026, at 8:00 a.m. Eastern time.