Kemper Corporation — Third Quarter 2026 Earnings Summary

Financial Performance:

• Net income is expected to be approximately $52 million ($0.88 per diluted share), a significant improvement from the net loss of $465 million ($7.90 per share) reported in the second quarter of 2026.
• Adjusted Consolidated Net Operating Income is expected to be approximately $60 million ($1.01 per diluted share), up from $26 million ($0.45 per share) in the second quarter of 2026.
• Consolidated Net Investment Income is expected to be approximately $107 million, compared to $105 million in the second quarter of 2026.
• The reconciliation table indicates Net Income attributable to Kemper Corporation was $52.4 million for the three months ended September 30, 2026, compared to a loss of $464.8 million for the three months ended June 30, 2026.
• Adjusted Consolidated Net Operating Income was $59.9 million for the three months ended September 30, 2026, compared to $26.3 million for the three months ended June 30, 2026.

Business Segments and Product Lines:

• 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.
• Specialty Auto Underlying Combined Ratio is expected to be approximately 101.7%, compared to 102.3% in the second quarter of 2026.
• Third quarter Specialty Auto results include approximately $23 million of favorable prior-year reserve development.
• Life Insurance Operating Earnings are expected to be approximately $20 million, compared to $18 million in the second quarter of 2026.
• The company is continuing to evaluate efficiency opportunities through 2027, following a restructuring program launched in the third quarter of 2025.
• The Preferred Insurance business is classified as Non-Core Operations, which the company expects to fully exit.

Other Key Points:

• Kemper expects to release complete third quarter 2026 financial results on Monday, November 9, 2026.
• An earnings conference call is scheduled for Tuesday, November 10, 2026, at 7:00 a.m. Central Time (8:00 a.m. Eastern Time).
• In the second quarter of 2026, the company completed the sale of Newins and recorded a gain in connection with the transaction.
• The company serves over 4.4 million policies, is represented by 24,100 agents and brokers, and has 7,000 associates.
• Kemper holds approximately $12 billion in assets.
• The press release includes detailed reconciliations of Non-GAAP measures, including Adjusted Consolidated Net Operating Income and Underlying Combined Ratio, excluding items such as goodwill impairment, acquisition costs, and non-core operations.