Overview

* Kemper Q3 revenue rose and beat analyst expectations, driven by higher earned premiums

* Company flipped to net loss of $21 mln from net income last year amid elevated expenses related to policyholders' benefits

* Adjusted net operating income for Q3 fell significantly from the previous year

Outlook

* Company is taking actions to improve profitability and growth in Specialty P&C segment

* Company remains confident in its strategy despite challenging quarter

Result Drivers

* SPECIALTY P&C PRESSURE - Specialty Property & Casualty segment faced higher claim severity and adverse prior year development, reducing operating income

* LIFE INSURANCE GAINS - Life Insurance segment saw increased net operating income due to favorable mortality and expense management

* EARNED PREMIUMS INCREASE - Revenue rise driven by higher earned premiums in Specialty P&C, offset by reductions in non-core operations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.24 $1.12

Revenue bln bln (4

Analysts

)

Q3 EPS -$0.34

Q3 Net -$21 mln

Income

Q3 $20.40

Adjusted mln

Consolid

ated Net

Operatin

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and 1 "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 $72.00, about 39.2% above its November 4 closing price of $43.75

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(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.)