Earnings Releases·Nov 9, 2026, 4:08 PM ET

Kemper Corporation — Third Quarter 2026 Earnings Summary

Q3 2026 Net Income turned positive at $52.4 million ($0.88/share), a significant reversal from the $21.0 million loss in Q3 2025, while Adjusted Consolidated Net Operating Income rose to $59.9 million ($1.01/share) from $20.4 million ($0.33/share).
Total revenues declined 12% year-over-year to $1,090.6 million due to lower Specialty Personal Automobile volumes, though the Specialty Property & Casualty segment improved its Combined Ratio to 99.2% from 104.8% in the prior year period.
Management confirmed that profitability improvement actions are taking hold with a focus on efficiency through 2027 and the full exit of the Preferred Insurance business, though nine-month Net Income remains a loss of $414.1 million.
Shareholders' Equity decreased 20% to $2,133.3 million and book value per share fell 21% to $36.20, primarily driven by comprehensive losses and a prior-year goodwill impairment, while the company maintains $90.8 million in cash and $350.0 million in borrowing capacity.