KMPR · Kemper Corporation 5.875% Fixed

Summary

Kemper Corporation reported a $1.1B revenue (-7.2% YoY) and a net loss of $1.7M for Q1 2026, reversing prior-year net income of $99.7M; the decline reflects lower personal automobile volumes in Specialty P&C, partially offset by higher earned premiums per exposure from rate increases.

Key takeaways

• Revenue was $1.1B (-7.2% YoY), driven by lower personal automobile volumes in Specialty Property & Casualty, partially offset by higher average earned premiums per exposure resulting from rate increases.
• Net income was -$1.7M (-101.7% YoY), compared to $99.7M in Q1 2025, reflecting the shift from profit to loss in the current period.
• Diluted EPS was $-0.03 (-101.9% YoY), compared to $1.54 in Q1 2025, consistent with the net income trend.
• Business unit operating costs decreased compared to Q1 2025, primarily due to lower expenses within Non-Core Operations as the business continues to run off.
• Management believes its property and casualty insurance subsidiaries maintain adequate liquidity to withstand several future catastrophic events over a relatively short period.