Financial Data and Key Metrics Changes - The company reported a net loss of $2.28 per diluted share for the quarter, with an adjusted consolidated net operating loss of $0.44. This included a non-cash charge of $56 million related to pension obligations and adverse development in specialty auto of $78 million [6][9][10] - Net investment income for the quarter was $107 million, with a pretax equivalent annualized book yield of 4.6% [10] Business Line Data and Key Metrics Changes - The Specialty P&C business saw an underlying combined ratio improvement of 1.5 points sequentially and 6.3 points year-over-year, attributed to earned rate increases and underwriting actions [12][16] - The Life business generated net operating income of $15 million for the third quarter, showing improved profitability compared to the prior year [17] Market Data and Key Metrics Changes - The company noted that the California personal auto rate increase of 30 points, effective in August, had a marginal earned impact in the third quarter but is expected to significantly increase in the following quarters [16][18] - The company is observing hard market conditions, particularly in California, which is contributing to favorable premium retention [12] Company Strategy and Development Direction - The company is focused on returning to profitability and maximizing long-term shareholder value, reaffirming its 2024 financial guidance of achieving a return on equity (ROE) of 10% or greater [5][18] - Strategic initiatives are on track to be completed on time, with expected financial and operational benefits, including the Bermuda project which is anticipated to provide $250 million in life dividends to the parent in the fourth quarter [8][9][80] Management's Comments on Operating Environment and Future Outlook - Management described the current environment as the most dynamic and volatile in the personal auto insurance industry, with expectations that this will persist for at least another year or two [5][18] - The company remains optimistic about future prospects, with confidence in achieving target profitability in 2024 [18][81] Other Important Information - The company is in the process of winding down its preferred P&C business, which is expected to release approximately $175 million of capital by the end of 2024 [80] - The reciprocal exchange has received necessary approvals and began writing business during the quarter, with plans to reinsure select new business from Kemper legal entities [78][80] Q&A Session Summary Question: Decline in policy count in specialty book - Management indicated that the decline is largely driven by a reduction in new business policies, while retention rates remain stable or slightly improved [20][21] Question: Concerns about parent company liquidity - Management acknowledged a decrease in parent company liquidity from $1.3 billion to $821 million, but expects to bolster liquidity by at least $250 million in the fourth quarter from Bermuda Optimization [31][33] Question: Adverse reserve development in personal auto business - Management expressed confidence in current reserves, noting that adverse development was primarily related to claims from the second half of 2022 and that they are closely monitoring trends [35][44] Question: Impact of capital situation on reciprocal - Management clarified that reinsuring business into the reciprocal would provide capital relief for the parent company, allowing for flexibility in capital management [47][52] Question: Target profitability and ROE expectations - Management reiterated the target of achieving a 10% ROE in 2024, emphasizing that combined ratios are expected to improve as new business is selectively written [54][70]

Catastrophe Aggregate Program: Non-GAAP Financial Measures Earnings Call Presentation – 3Q 2023 The Company believes that Adjusted Consolidated Net Operating Loss provides investors with a valuable measure of its ongoing performance because it reveals underlying operational performance trends that otherwise might be less apparent if the items were not excluded. Income (Loss) from Change in Fair Value of Equity and Convertible Securities, Net Realized Investment (Losses) Gains and Impairment (Losses) Gains r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________ FORM 10-Q ______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended 9/30/2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission file number 001-18298 ____________________________ ...

Kemper Corporation (NYSE:KMPR) Q2 2023 Earnings Conference Call August 7, 2023 5:00 PM ET Company Participants Karen Guerra - Vice President of Investor Relations Joe Lacher - President and Chief Executive Officer and Chairman Jim McKinney - Executive Vice President and Chief Financial Officer Matt Hunton - Executive Vice President and President of Kemper Auto Conference Call Participants Greg Peters - Raymond James Paul Newsome - Piper Sandler Operator Good afternoon, ladies and gentlemen, and welcome to K ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________ FORM 10-Q ______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended 6/30/2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission file number 001-18298 ____________________________ ...

Kemper Corporation (NYSE:KMPR) Q1 2023 Earnings Conference Call May 8, 2023 5:00 PM ET Company Participants Karen Guerra - Vice President, Investor Relations Joe Lacher - President and Chief Executive Officer and Chairman Jim McKinney - Executive Vice President and Chief Financial Officer Matt Hunton - Executive Vice President and President, Kemper Auto Duane Sanders - Executive Vice President and President, P&C John Boschelli - Executive Vice President and Chief Investment Officer Conference Call Participa ...

May 8, 2023 Cautionary Statements Regarding Forward-Looking Information Non-GAAP Financial Measures 2 Life insurance for low/modestincome customers Have Limited or Unfocused Competition Distribution First Quarter Preliminary Matters Kemper assumes no obligation to publicly correct or update any forward-looking statements as a result of events or developments subsequent to the date of this presentation. 2 Delivering appropriate and affordable insurance and financial solutions Specialty auto insurancefor unde ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________ FORM 10-Q ______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended 3/31/2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission file number 001-18298 ____________________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-18298 Kemper Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of DE 95-4255452 (I.R.S. Employer Identification No.) 200 E. Randolp ...

Kemper Corp (NYSE:KMPR) Q4 2022 Earnings Conference Call February 2, 2023 5:00 PM ET Company Participants Karen Guerra - VP, IR Joseph Lacher - CEO James McKinney - EVP & CFO Matthew Hunton - EVP & President, Kemper Auto Duane Sanders - EVP & President, P&C Claims & Personal Insurance Timmy Stonehocker - EVP & President, Kemper Life Conference Call Participants Charles Peters - Raymond James & Associates Brian Meredith - UBS Jon Newsome - Piper Sandler & Co. Andrew Kligerman - Crédit Suisse Operator Good af ...