NYSE$KMPR

Kemper Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Kemper reported strong operating and financial results for the fourth quarter of 2024, with significant increases in net income and adjusted consolidated net operating income compared to the prior year.

Kemper Corporation delivered strong fourth-quarter results in 2024, with net income rising to $97.4 million from $51.4 million in the prior year. Adjusted consolidated net operating income also saw a substantial increase to $115.1 million from $50.5 million. The Specialty P&C segment showed robust performance with PIF growth and an improved underlying combined ratio, while the Life business continued to generate strong returns.

  • Net income for Q4 2024 increased to $97.4 million, up from $51.4 million in Q4 2023.
  • Adjusted Consolidated Net Operating Income for Q4 2024 was $115.1 million, compared to $50.5 million in Q4 2023.
  • Specialty P&C achieved 5.1% YoY PIF growth and an annual underlying combined ratio of 91.5%.
  • The company maintained strong parent liquidity at $1.3 billion, repurchased approximately $14 million of stock, and increased its quarterly dividend.

Headline financials

Total Revenue

$1.19B

Previous: $1.19B-0.1%
EPS (adj)

$1.78

Previous: $0.78+128.2%
Total Kemper Corporation Shareholders' Equity

$2.79B

Previous: $2.51B+11.3%
Return on Shareholders' Equity

14.0%

No prior period
Return on Adjusted Shareholders' Equity

21.4%

No prior period
Book Value Per Share

$43.68

Previous: $39.08+11.8%
Adjusted Book Value Per Share

$29.04

Previous: $25.39+14.4%
Underlying Combined Ratio

91.7%

Previous: 98.2%-6.6%
Net Premiums Written

$949M

Previous: $720M+31.8%
Earned Premiums

$955M

Previous: $1.06B-10.2%
Capital Expenditures

-$9.7M

No prior period
Net Income

$97.4M

Previous: $51.4M+89.5%
Operating Income

$115M

Previous: $63.5M+81.3%

Revenue & EPS history

Kemper · Revenue · Quarterly

$1.19B

Q4 2024-0.1%vs Q4 2023
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Kemper · $1.22B total across 3 segments · Q3 2023

  • Specialty Property & Casualty Insurance
    $935M-9.7%
  • Life Insurance
    $152M-28.1%
  • Non-Core Operations
    $138M

Forward guidance

The report does not contain explicit forward-looking guidance in terms of specific financial targets or outlook. However, it highlights the company's strong financial position and competitive advantages for future growth.

Tailwinds

  • Strong balance sheet provides ongoing financial flexibility.
  • Competitive advantages position the company well to meet the needs of underserved markets.
  • Ability to continue growing the business.
  • Expectation to deliver strong financial results.
  • Continued focus on core businesses performing well.

Headwinds

  • Changes in the frequency and severity of insurance claims.
  • Impacts of inflation on operations.
  • Changes in the interest rate environment.
  • Potential supply chain disruptions.
  • Effects of governmental and regulatory actions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+2.3%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+16.3%

Q3 2015

Best reaction

-20.1%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.8%-6.2%-24.7%
Q4 2025-13.1%-15.6%-17.5%
Q3 2025-0.8%-3.4%-10.1%
Q1 2025+1.6%+5.4%+3.7%
Q4 2024+1.4%-2.1%-2.9%
Q3 2024-2.0%-1.4%+12.5%
Q2 2024-9.1%-5.3%-2.1%
Q1 2024+0.1%+3.7%+2.6%
Q4 2023-4.5%+12.0%+2.8%
Q3 2023-3.4%+1.9%+4.8%
Q2 2023-6.6%-6.3%-7.4%
Q1 2023+1.8%-2.9%+2.3%
Q4 2022+5.9%+4.2%+10.3%
Q3 2022+4.5%+17.7%+20.1%
Q2 2022-8.8%-6.6%-1.7%
Q1 2022+12.1%+5.5%+12.0%
Q4 2021-10.7%-10.7%-12.2%
Q3 2021-7.9%-7.2%-15.4%
Q2 2021-2.5%-7.3%+3.8%
Q1 2021-4.7%-3.2%-8.6%
Q4 2020-0.9%+1.9%+10.2%
Q3 2020+5.4%+5.1%+24.0%
Q2 2020+3.8%+8.1%-0.9%
Q1 2020+3.3%-5.2%+15.9%
Q4 2019+0.8%-0.1%-14.0%
Q3 2019+1.4%+2.1%+1.9%
Q2 2019-10.2%-7.9%-17.8%
Q1 2019+3.9%+4.9%-2.0%
Q4 2018+4.1%+7.3%+6.2%
Q3 2018+2.2%+1.4%-3.2%
Q2 2018+6.5%+6.5%+8.7%
Q1 2018+12.9%+16.7%+29.6%
Q4 2017-7.3%+1.9%-1.9%
Q3 2017+5.5%+5.8%+14.9%
Q2 2017+13.4%+21.3%+22.0%
Q1 2017-1.6%-2.4%+4.2%
Q4 2016+5.5%+4.5%-2.8%
Q3 2016-1.5%+0.8%+13.0%
Q2 2016+12.2%+15.1%+10.4%
Q1 2016+1.5%
Q4 2015-20.1%
Q3 2015+16.3%
Q2 2015-1.9%
Q1 2015-1.7%
Q4 2014+3.3%
Q3 2014+0.1%
Q2 2014+0.1%
Q1 2014-7.3%
Q4 2013+1.7%
Q3 2013+3.1%
Q2 2013+1.5%
Q1 2013+2.6%
Q4 2012-3.7%
Q3 2012+0.9%
Q2 2012-2.0%
Q1 2012-0.5%
Q4 2011+0.3%
Q3 2011+8.3%
Q2 2011-7.5%
Q1 2010-3.0%
Q1 2011+1.5%
Q4 2010+7.3%
Q4 2008+7.3%
Q3 2009-0.4%
Q3 2010-0.4%
Q4 2009-8.9%
Q2 2009-8.9%
Q2 2010-8.9%

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