Kemper reports Q2 adjusted EPS $1.42, consensus $1.23

Reports Q2 revenue $1.13B, consensus $977.85M. Kemper ended the quarter with a book value per share of $41.46, an increase of 6% from $39.08 at the end of 2023. Adjusted book value per share was $27.14 at the end of the quarter, compared to $25.39 at the end of 2023. The company said, “Notably, we delivered a third straight quarter of operating profitability, a combined ratio well below our long-term target in our Specialty Auto business, and generated 4.6% sequential quarter policies-in-force growth for that business. Our distinctive competitive advantages for our businesses and laser focus on long-term profitable growth will enable us to continue to maximize shareholder value.”