Kemper Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 01, 2024 at 04:05 pm EST
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Kemper Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 1,187.2 million compared to USD 1,374.6 million a year ago. Net income was USD 51.4 million compared to net loss of USD 53.3 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to basic loss per share from continuing operations of USD 0.84 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to diluted loss per share from continuing operations of USD 0.84 a year ago.
For the full year, the company reported revenue was USD 4,944.2 million compared to USD 5,523.9 million a year ago. Net loss was USD 272.1 million compared to USD 286.6 million a year ago. Basic loss per share from continuing operations was USD 4.25 compared to USD 4.5 a year ago. Diluted loss per share from continuing operations was USD 4.25 compared to USD 4.5 a year ago.
Kemper Corporation is a diversified insurance holding company. The Company is engaged, through its subsidiaries, in the property and casualty insurance and life insurance businesses. It is engaged in providing personalized solutions to individuals, families, and businesses through its Kemper Auto and Kemper Life brands. The Company conducts its operations through two operating segments: Specialty Property & Casualty Insurance, and Life Insurance. The Specialty Property & Casualty Insurance segment include specialty automobile and commercial automobile insurance to consumers. These products are distributed primarily through independent agents and brokers. The Specialty Property & Casualty Insurance segment, based in Chicago, Illinois, conducts business in 31 states under the Kemper Auto brand. The Life Insurance segment offers individual life, accident, supplemental health and property insurance. The Company conducts its operations solely in the United States.