10-K · February 11, 2026
Kemper’s 2025 10-K shows growth in underwriting scale but rising reserve and geographic concentration risks. Total property & casualty net written premiums rose to $4,013.2 million in 2025 (from $3,837.0M in 2024)…
Earnings analysis · 10-Q
KMPR earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Kemper Corporation's Q1 2026 results showed significant declines, with total revenue of $1.11 billion, down from $1.19 billion in Q1 2025. The company reported a diluted EPS of -$0.03 for the quarter, missing consensus…
Read full summary
Kemper Corporation's Q1 2026 results showed significant declines, with total revenue of $1.11 billion, down from $1.19 billion in Q1 2025. The company reported a diluted EPS of -$0.03 for the quarter, missing consensus estimates of $0.80, primarily due to adverse performance in the Specialty Personal Automobile segment amidst rising claims costs and a Florida Statutory Profit Limit Refund.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.03
- Segment
- Specialty Property & Casualty Insurance
- Segment
- Life Insurance
- Segment
- Specialty Personal Automobile Insurance
- Segment
- Commercial Automobile Insurance
- Segment
- Non-Core Operations
What stood out
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Revenue Decline
Total revenue decreased by $85.8 million to $1.11 billion for Q1 2026 from $1.19 billion in Q1 2025.
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EPS Miss
Diluted EPS was -$0.03 for Q1 2026, significantly below the expected EPS of $0.80.
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Segment Growth in Commercial Auto
Specialty Commercial Automobile segment grew by 10%, contributing positively amid revenue declines.
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Increased Net Investment Income
Net investment income rose by $5.9 million to $107.1 million compared to Q1 2025.
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Operational Efficiency Gains
Corporate and Other Adjusted Net Operating Loss improved by $3.1 million year-over-year.
-
Dividends Maintained
Kemper paid a quarterly dividend of $0.32 per common share, consistent with Q1 2025.
What to watch
-
California Claim Severity
Higher claim severity and frequency in California significantly impacted the Specialty Personal Automobile segment, resulting in increased losses.
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Loss from Specialty Personal Auto
Specialty Personal Automobile insurance segment adjusted operating income dropped to $0.1 million from $97.9 million in Q1 2025.
-
Florida Statutory Refund
$28 million reduction in earned premiums due to the Florida Statutory Profit Limit Refund negatively affected overall revenues.
Management's outlook
Management maintained prior revenue and EPS guidance without explicit numeric changes.
Earlier filings 4
10-Q · November 5, 2025
Kemper reported Q3 total revenues of $1,239.7 million (up from $1,178.9 million a year ago) but swung to a quarterly net loss: net (loss) income of $(24.2) million and diluted loss per share of $(0.34) vs. diluted EPS…
10-Q · August 5, 2025
Kemper reported Q2 total revenues of $1,225.6 million, up from $1,129.9 million a year ago, driven by earned premium growth; diluted EPS was $1.12 (down from $1.16). Operating cash generation strengthened materially…
10-Q · May 7, 2025
Kemper reported quarterly revenues of $1,193.0 million, up from $1,143.0 million a year ago, with operating leverage driving income before tax to $119.8 million (vs. $86.6 million). Net income attributable to Kemper…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.