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Kemper Corp (KMPR)
NYSE:KMPR
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.34Last Year’s EPS
$0.78Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 1.85%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Positive
The earnings call for Kemper's Q3 2024 showed strong financial performance, particularly in Specialty Auto and Commercial Auto segments. The company reported significant growth in net income, return on equity, and share repurchases. Despite some challenges from catastrophe losses and potential market shifts, the overall outlook remains positive with plans to retire substantial debt and continue profitable growth.Company Guidance
During Kemper's third quarter 2024 earnings call, the company provided a robust set of metrics reflecting strong financial performance. They reported a net income of $74 million, achieving a return on equity (ROE) of approximately 11% and an adjusted ROE of about 17%. The Specialty Property & Casualty (P&C) segment delivered a healthy underlying combined ratio of 91.3%, with a sequential quarter policy-in-force (PIF) growth in the mid-single digits. Notably, the company repurchased $25 million in shares and plans to fully retire $450 million of debt by February 2025. Additionally, total catastrophe losses for the quarter were approximately $16 million, of which $11 million was from the preferred P&C business. These results underscore Kemper’s strategic focus on maintaining solid underwriting margins, capitalizing on a hard market, and ensuring a strong capital and liquidity position.Strong Financial Performance
Kemper reported $74 million of net income, an ROE of approximately 11%, and an adjusted ROE of about 17% for Q3 2024.
Specialty Auto Business Growth
Specialty Auto business generated sequential quarter PIF growth and an underlying combined ratio of 91.3%, with a sequential quarter PIF growth of 4.5%.
Capital and Liquidity Position
Kemper repurchased $25 million in shares this quarter and plans to retire $450 million of debt by February 2025.
Strong Net Investment Income
Net investment income for the quarter was $111 million, with a pretax equivalent annualized book yield of 4.8%.
Commercial Auto Business Performance
Commercial auto business produced an underlying combined ratio of 91.8% with sequential quarter PIF growth of 5.5%.
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KMPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KMPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $63.88 | $62.00 | -2.94% |
| Aug 05, 2024 | $61.14 | $57.32 | -6.25% |
| May 01, 2024 | $57.65 | $57.55 | -0.17% |
| Feb 01, 2024 | $59.37 | $56.21 | -5.32% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kemper Corp (KMPR) report earnings?
Kemper Corp (KMPR) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Kemper Corp (KMPR) earnings time?
Kemper Corp (KMPR) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KMPR EPS forecast?
KMPR EPS forecast for the fiscal quarter 2024 (Q4) is $1.34.
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