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Kemper Reports Fourth Quarter 2023 Operating Results*

Kemper Corporation (KMPR) 
Last kemper corporation earnings: 2/10 04:05 pm Check Earnings Report
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) reported net income of $51.4 million, or $0.80 per diluted share, for the fourth quarter of 2023, compared to a net loss of $53.3 million, or $(0.84) per share, for the fourth quarter of 2022.Adjusted Consolidated Net Operating Income1 was $50.5 million, or $0.78 per diluted share, for the fourth quarter of 2023, compared to Adjusted Consolidated Net Operating Loss1,2 of $23.5 million, or $(0.36) per share, for the fourth quarter of 2022.Key themes of the quarter include:Specialty P&C underlying combined ratio improved 2.3% sequentially to 98.2%Life business continues to produce stable earningsParent liquidity increased to $1.1 billion, up $325 million from prior quarter; insurance companies remain well capitalizedAchieved multi-year target of $150 million in expense savings in first year of programBermuda optimization generated approximately $330 million of dividends to parent“I’m pleased we closed 2023 with a return to pr Show less Read more
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