KMPR earnings analysis
What we found in KMPR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Total revenue decreased by $85.8 million to $1.11 billion for Q1 2026 from $1.19 billion in Q1 2025.
- EPS Miss
- Diluted EPS was -$0.03 for Q1 2026, significantly below the expected EPS of $0.80.
- Segment Growth in Commercial Auto
- Specialty Commercial Automobile segment grew by 10%, contributing positively amid revenue declines.
- Increased Net Investment Income
- Net investment income rose by $5.9 million to $107.1 million compared to Q1 2025.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- California Claim Severity
- Higher claim severity and frequency in California significantly impacted the Specialty Personal Automobile segment, resulting in increased losses.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- 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 they said about what is next.
Management maintained prior revenue and EPS guidance without explicit numeric changes.
The filing reads worse than the one before it.
What came before.
- 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)…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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