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Stock impact report

Kemper Reports Fourth Quarter 2023 Operating Results* [Yahoo! Finance]

Kemper Corporation (KMPR) 
Last kemper corporation earnings: 2/10 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
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 Income was $50.5 million, or $0.78 per diluted share, for the fourth quarter of 2023, compared to Adjusted Consolidated Net Operating Loss 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 earnings Parent liquidity increased to $1.1 billion, up $325 million from prior quarter; insurance companies remain well capitalized Achieved multi-year target of $150 million in expense savings in first year of program Bermuda optimization generated approximately $330 million of dividends to parent "I'm pleased we closed 2023 with a return to profitability and we are clearly on the path to return to target margins in 2024," said Joseph P. Lacher, Jr., Preside Show less Read more
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