Overview

* Kemper Q2 net income declines to $72.6 mln from $75.4 mln yr/yr

* Adjusted consolidated net operating income falls to $84.1 mln from $91.7 mln yr/yr

* Co repurchased $80 mln of stock, maintaining strong liquidity position

Outlook

* Kemper highlights strong balance sheet and liquidity for financial flexibility

* Company confident in competitive advantages driving profitable growth

Result Drivers

* SPECIALTY P&C - Segment's adjusted net operating income fell due to higher underlying combined ratio and adverse prior year development

* LIFE INSURANCE - Segment's adjusted net operating income improved, driven by increased net investment income

* RATE INCREASES - Specialty P&C earned premiums rose due to rate increases and higher business volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $1.12

Q2 Net $72.60

Income mln

Q2 $84.10

Adjusted mln

Consolid

ated Net

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for Kemper Corp ( KMPR ) is $82.00, about 25.7% above its August 4 closing price of $60.91

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)