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KMPR NYSE· Kemper Corporation
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KMPR NYSE· Kemper Corporation
Earnings report Q4 2023

Kemper Corporation Reports Decrease in Revenue for Latest Quarter

Segments of revenue

In the latest quarter, Kemper Corporation reported total revenues of $4.94 billion. This includes earned premiums of $4.53 billion, net investment income of $419.7 million, change in value of alternative energy partnership investments of $2.9 million, other income of $7.2 million, income from change in fair value of equity and convertible securities of $4.7 million, net realized investment losses of $18.6 million, and impairment losses of $1.1 million.

Strengths

Despite the decrease in revenue compared to the previous year, Kemper Corporation's earned premiums remained relatively stable at $4.53 billion. This indicates a consistent demand for the company's insurance products. Additionally, the company's net investment income of $419.7 million demonstrates a successful investment strategy.

Challenges

Kemper Corporation faced challenges in the form of a decrease in total revenue from $5.52 billion in the previous year to $4.94 billion in the latest quarter. This decline can be attributed to factors such as changes in the value of alternative energy partnership investments and net realized investment losses.

Noteworthy

During the second quarter of 2023, Kemper Corporation identified impairment indicators impacting the fair value of the Preferred Property & Casualty Insurance business. This was a result of the ongoing evaluation of strategic alternatives for the Preferred Insurance business. The fair value of the business was determined using a combination of available market information, market comparisons, and discounted cash flow valuation method.

Summary

Kemper Corporation reported a decrease in revenue for the latest quarter, with total revenues amounting to $4.94 billion. Despite this decline, the company's earned premiums remained stable, indicating a consistent demand for its insurance products. Kemper Corporation faced challenges due to changes in the value of alternative energy partnership investments and net realized investment losses. The impairment indicators impacting the fair value of the Preferred Property & Casualty Insurance business highlight the company's ongoing evaluation of strategic alternatives.

Source documents

Form 10-K  filed on Feb 07, 2024
111 pages scanned

Reference data

Company financials Q4 revenue 1.19B
Analyst estimates Q4 EPS missed by -256.00%
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