Latest news with #KemperCorporation
Associated Press
3 days ago
- Business
- Associated Press
AM Best Affirms Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)--Aug 15, 2025-- AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of 'a-' (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper) [NYSE: KMPR] , collectively referred to as Kemper Property & Casualty Group (Kemper P&C or the group). AM Best also has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of 'a-' (Excellent) of Kemper's life subsidiaries, collectively referred to as Kemper Life Group (Kemper Life) (Chicago, IL). Concurrently, AM Best has affirmed the Long-Term ICR of 'bbb-' (Good) and the Long-Term Issue Credit Ratings (Long-Term IRs) and indicative Long-Term IRs of Kemper, the ultimate parent, headquartered in Chicago, IL. The outlook of these Credit Ratings (ratings) is stable. (See below for further discussion and a detailed listing of all companies and ratings.) Lastly, AM Best has withdrawn the FSR of A- (Excellent) and the Long-Term ICR of 'a-' (Excellent) of Infinity Preferred Insurance Company (Cincinnati, OH), each with a stable outlook. Infinity Preferred Insurance Company was previously a subsidiary of Kemper and was sold as a clean shell with no remaining policyholder liabilities on Aug. 1, 2025. The ratings of Kemper P&C reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM). Kemper P&C's very strong balance sheet strength assessment reflects its strongest level of risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), supported by excellent financial flexibility and generally favorable reserve development trends. While the group and overall consolidated Kemper Corporation experienced volatility in results between 2021 and 2023, leading to material surplus swings and heightened underwriting and financial leverage, results and key balance sheet metrics have improved markedly in 2024 and through 2025 thus far. The group has returned to generating underwriting gains, which has strengthened surplus levels and stabilized risk-adjusted capitalization. Furthermore, Kemper's financial leverage has improved substantially through the first half of 2025 owing to the company paying down all of its $450.0 million aggregate principal of 4.35% senior unsecured notes due Feb. 15, 2025 with available cash. The group also continues to benefit from the implicit and explicit support from its parent company, as well as strategic initiatives such as the exit from preferred home and auto lines and the Kemper Bermuda initiative. These initiatives have provided meaningful capital relief at the enterprise level. However, AM Best notes that Kemper's capital management policy is aimed at maintaining capital fungibility across the organization. As such, the P&C operating entities are expected to remain a significant source of dividends going forward as profitability continues to improve. Kemper P&C's operating performance is currently assessed as marginal, primarily due to significant underwriting losses sustained over the past five years. However, recent results indicate meaningful improvement and stabilization, as the group's profitability initiatives led to operating income gains in 2024 and through the first half of 2025. Key contributors to this turnaround include rate increases – primarily in the group's primary market of California – and the implementation of tighter underwriting guidelines. With profitability now restored, Kemper P&C has eased some of its underwriting restrictions in an effort to resume growth in its book of business. AM Best will continue to monitor this growth strategy, along with ongoing regulatory developments, to assess the sustainability of the group's improved operating performance. The ratings of Kemper Life reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile, appropriate ERM, and consideration of the group's affiliation with lead rating unit, Kemper P&C. In 2022, Kemper Life announced that it was entering into an agreement with Kemper Bermuda to cede 80% of its life business to its offshore affiliate. This initiative, along with a reserve review reduction completed in late 2023, has resulted in the release of over $600 million in dividends to the parent company, Kemper. While management has completed its initiatives related to the Kemper Life business, the balance sheet has stabilized through 2024. Furthermore, the Kemper Life business continues to provide steady underlying earnings, reflective of its adequate operating performance. The FSR of A- (Excellent) and the Long-Term ICRs of 'a-' (Excellent) have been affirmed with stable outlooks for the members of Kemper Property & Casualty Group: The FSR of A- (Excellent) and the Long-Term ICRs of 'a-' (Excellent) have been affirmed with stable outlooks for the members of Kemper Life Group: The following Long-Term IRs have been affirmed with stable outlooks: Kemper Corporation— -- 'bbb-' (Good) on $400 million 2.4% senior unsecured notes, due 2030 -- 'bbb-' (Good) on $400 million 3.8% senior unsecured notes, due 2032 -- 'bb' (Fair) on $150 million junior subordinated debentures, due 2062 The following indicative Long-Term IRs under the shelf registration have been affirmed with stable outlooks for the shelf registration: Kemper Corporation— -- 'bbb-' (Good) on senior unsecured debt -- 'bb+' (Fair) on subordinated debt -- 'bb' (Fair) on preferred stock This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best'sRecent Rating Activityweb page. For additional information regarding the use and limitations of Credit Rating opinions, please viewGuide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please viewGuide to Proper Use of Best's Ratings & © 2025 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED. View source version on CONTACT: Cristian Sieira Senior Financial Analyst +1 908 882 2315 [email protected] Alan Murray Director +1 908 882 2195 [email protected] Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 [email protected] Al Slavin Senior Public Relations Specialist +1 908 882 2318 [email protected] KEYWORD: NEW JERSEY EUROPE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE SOURCE: AM Best Copyright Business Wire 2025. PUB: 08/15/2025 03:00 PM/DISC: 08/15/2025 02:59 PM
Business Wire
5 days ago
- Business
- Business Wire
Kemper Announces $150 Million Accelerated Share Repurchase
CHICAGO--(BUSINESS WIRE)-- Kemper Corporation (NYSE: KMPR) announced today that it has entered into an accelerated share repurchase transaction ('ASR') under an agreement with Goldman Sachs & Co. LLC to repurchase $150 million of its outstanding common stock. The ASR will be completed under Kemper's previously announced $550 million share repurchase authorizations. "This accelerated share repurchase reflects our strong confidence in the business and our disciplined approach to creating shareholder value,' said Joseph P. Lacher, Jr., President and CEO. 'We believe our shares are undervalued, and this transaction represents a compelling use of capital. We remain focused on executing our balanced capital deployment strategy, utilizing resources to support long-term value creation." Under the ASR agreement, on August 14, 2025, Kemper will pay $150 million to Goldman Sachs and expects to receive an initial delivery of 2,279,203 shares of Kemper common stock, representing a significant majority of the shares of Kemper common stock it expects to repurchase under the ASR agreement. The total number of shares to be repurchased pursuant to the ASR agreement will be based on the volume-weighted average price of Kemper common stock on specified dates during the term of the ASR agreement, less a discount, and subject to customary adjustments pursuant to the terms and conditions of the ASR agreement. The transactions under the ASR agreement are expected to be completed within approximately three months. About Kemper The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.7 million policies, is represented by approximately 24,000 agents and brokers, and has approximately 7,500 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.
Yahoo
10-05-2025
- Business
- Yahoo
Earnings Update: Kemper Corporation (NYSE:KMPR) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
It's been a good week for Kemper Corporation (NYSE:KMPR) shareholders, because the company has just released its latest quarterly results, and the shares gained 4.6% to US$64.28. The result was positive overall - although revenues of US$1.2b were in line with what the analysts predicted, Kemper surprised by delivering a statutory profit of US$1.54 per share, modestly greater than expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. We check all companies for important risks. See what we found for Kemper in our free report. Taking into account the latest results, the consensus forecast from Kemper's five analysts is for revenues of US$5.10b in 2025. This reflects a solid 8.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to climb 13% to US$6.14. Before this earnings report, the analysts had been forecasting revenues of US$5.07b and earnings per share (EPS) of US$6.16 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. See our latest analysis for Kemper The analysts reconfirmed their price target of US$82.20, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on Kemper, with the most bullish analyst valuing it at US$90.00 and the most bearish at US$75.00 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth. Of course, another way to look at these forecasts is to place them into context against the industry itself. One thing stands out from these estimates, which is that Kemper is forecast to grow faster in the future than it has in the past, with revenues expected to display 12% annualised growth until the end of 2025. If achieved, this would be a much better result than the 2.2% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 5.2% per year. So it looks like Kemper is expected to grow faster than its competitors, at least for a while. The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Kemper going out to 2027, and you can see them free on our platform here.. It might also be worth considering whether Kemper's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Associated Press
05-02-2025
- Business
- Associated Press
Kemper Announces Dividend Increase
Kemper Corporation (NYSE: KMPR) announced today that its Board of Directors has declared an increase in the company's quarterly dividend to $0.32 per share, an increase of 3.1% or one cent over the previous quarterly dividend. The new annual dividend amount is $1.28 per share, as compared to the current dividend amount of $1.24 per share. 'This dividend increase underscores our confidence in achieving consistent, long-term growth for our shareholders,' said Kemper President and CEO Joseph P. Lacher, Jr. The dividend is payable on March 4, 2025, to shareholders of record as of February 18, 2025. About Kemper The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.8 million policies, is represented by 22,200 agents and brokers, and has 7,500 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper. Copyright Business Wire 2025. PUB: 02/05/2025 03:45 PM/DISC: 02/05/2025 03:45 PM
