$KMPR (Kemper Corporation)

$KMPR {{ '2016-05-06T12:00:22+0000' | timeago}} • Announcement

$KMPR's Property & Casualty Insurance segment 1Q16 net operating loss was $13.1MM vs. 1Q15, hurt by $17.7MM higher catastrophe losses & Alliance United's results, including $4.2MM adverse development. The Life & Health Insurance segment net operating income was $20.3MM, helped by $7.6MM pre-tax adjustment to deferred premium reserves in 1Q15.

$KMPR {{ '2017-07-17T12:28:39+0000' | timeago}} • Announcement

$KMPR expects its 2Q17 results to include pre-tax catastrophe losses of $32-38MM and does not expect to recover any of these losses under its catastrophe reinsurance program. The losses were related to more than 15 storms throughout the country and adversely impacted losses for both homeowners and auto lines.

$KMPR {{ '2017-06-13T10:11:25+0000' | timeago}} • Announcement

$KMPR has priced a registered offering of $200MM of its 4.350% senior notes due 2025 at an issue price of 101.193% of the principal amount. Kemper intends to use the net proceeds from this offering, which is expected to close around June 19, 2017, for general corporate purposes.

$KMPR {{ '2017-05-15T22:27:34+0000' | timeago}} • Announcement

$KMPR named Michael Plazony as President of the Kemper Home Service Companies business, which provides life & other insurance products to policyholders in their homes. Plazony will report directly to Mark Green, $KMPR’s Life & Health division President and will be based in St. Louis. Related to this change Thomas Myers will be leaving the company.

$KMPR {{ '2017-05-08T21:07:46+0000' | timeago}} • Announcement

$KMPR appointed Charles Steele as President of the Reserve National business, which provides life, health and accident expense insurance products. Steele will report directly to Mark Green, $KMPR's Life & Health division President, and will be based in Oklahoma City. $KMPR also said Andrew Schallhorn will be leaving the company.

$KMPR {{ '2017-05-05T13:52:43+0000' | timeago}} • Announcement

Insurer $KMPR's 1Q17 net loss narrowed to $0.3MM, or $0.01 per share, compared to net loss of $2.1MM, or $0.04 per share during 1Q16. Total revenues during the quarter rose 7% YoY to $651.4MM, mainly due to higher nonstandard personal auto earned premiums and higher net investment income.

$KMPR {{ '2017-02-10T13:20:13+0000' | timeago}} • Announcement

Insurer $KMPR 4Q16 net income increased to $31.2MM, or $0.60 per share, compared to $4.6MM, or $0.09 per share during 4Q15. Total revenue during the quarter increased 4% YoY to $642.7MM, mainly due to $20.8MM higher earned premiums from Alliance United.

$KMPR {{ '2016-09-21T06:22:48+0000' | timeago}} • Announcement

Insurer $KMPR said James McKinney, most recently CFO for $BANC, will join the company in Nov. as SVP and CFO, reporting directly to CEO Joseph Lacher, Jr. McKinney replaces Frank Sodaro who will be a senior adviser to the company through end 2016. During the transition period, VP and Chief Accounting Officer, Richard Roeske, will be Interim CFO.

$KMPR {{ '2016-09-19T19:04:08+0000' | timeago}} • Announcement

$KMPR named Chris Theros Mullins as its SVP and Chief HR Officer. Mullins will join the company in October and she replaces Lisa King. For the past two years, Mullins was a partner at CEO.works.

$KMPR {{ '2016-08-05T18:34:46+0000' | timeago}} • Webcast

$KMPR said that its Property & Casualty segment's results were severely impacted by catastrophe losses in 2Q16. Alliance United's results were far below expectations in 2Q16. Results were better in Life & Health segment compared to the prior year, helped by lower legal expenses at the home service companies, the company said.

$KMPR {{ '2016-08-05T18:21:40+0000' | timeago}} • Webcast

$KMPR said that since its acquisition of Alliance United, it has added 134 claims personnel, an increase of 36%. The company believes that it will be adequately staffed by the end of 3Q16. $KMPR plans to hire beyond these needs to reduce pending claim count as quickly as possible.

$KMPR {{ '2016-08-05T18:13:22+0000' | timeago}} • Webcast

$KMPR said that it saw high volume of storm activity during 2Q16 with 14 catastrophic events. Although the catastrophic losses exceeded the company's historical annual average, it does not anticipate changing its pricing or underwriting actions in the impacted areas for Property & Casualty or Life & Health businesses.

$KMPR {{ '2016-08-05T12:16:18+0000' | timeago}} • Announcement

$KMPR's biggest segment, Property & Casualty Insurance, 2Q16 revenue grew 14.8% versus 2Q15, driven by higher earned premiums. Life & Health Insurance segment revenue dipped 1.3% in the quarter due to lower net investment income.

$KMPR {{ '2016-08-05T12:15:52+0000' | timeago}} • Announcement

In 2Q16, $KMPR paid dividends of $12.3MM. YTD, company has returned $28.3MM of capital to shareholders through $24.5MM of dividends and $3.8MM of share repurchases. Net Premiums Written rose 16.2% to $404.7MM and earned Premiums were almost flat at $151.1MM.

$KMPR {{ '2016-08-05T12:15:08+0000' | timeago}} • Announcement

Insurance firm $KMPR reported 2Q16 net income of $4MM or $0.08 per diluted share, down 86.5% versus $29.7MM or $0.57 per diluted share in 2Q15, hurt by lower expenses. Revenue grew 3% to $627.2MM, driven by higher earned premiums in the Property & Casualty Insurance segment. Net investment income fell 3.9% to $73.7MM in the quarter.

$KMPR {{ '2016-07-06T14:47:23+0000' | timeago}} • Announcement

Insurance company $KMPR said that effective July 18, 2016, George Dufala, Jr. will join the company as President, Property & Casualty Division. George Dufala will report directly to Joseph Lacher, Jr., $KMPR's President and CEO, and will be based in Chicago.

$KMPR {{ '2016-05-06T18:28:49+0000' | timeago}} • Webcast

$KMPR, which competes with $Y, $ALL and $AIG, said that for 1Q16, total return was strong at 2.6% driven by increased values of fixed maturities related to the drop in interest rates. The company's pre-tax equivalent annualized book yield was 4.6% for the quarter vs. 5% in 1Q15.

$KMPR {{ '2016-05-06T18:21:19+0000' | timeago}} • Webcast

During 1Q16, $KMPR's Life & Health segment's net operating income was $20MM. Excluding the $5MM after-tax deferred premium reserve adjustment, results were in the segment were stable. Outside of Life, higher A&H claims and cat losses were offset by higher net investment income.

$KMPR {{ '2016-05-06T18:15:30+0000' | timeago}} • Webcast

$KMPR said that Property & Casualty segment's earned premiums were $396MM in 1Q16, up $108MM from last year. Excluding the $120MM lift from Alliance United, earned premiums fell by $12MM as lower unit volume offset a modest increase in average earned premium.

$KMPR {{ '2016-05-06T18:07:13+0000' | timeago}} • Webcast

Insurance holding company $KMPR said that two key items were dragging Feb. results, elevated catastrophes and continued loss pressure in the Alliance United business. 1Q16 catastrophe losses totaled $39MM, including $2MM from the Life & Health business. Hail damage on March 23 caused $27MM in catastrophe losses.

$KMPR {{ '2016-05-06T12:03:08+0000' | timeago}} • Announcement

During 1Q16, $KMPR repurchased 140,000 shares of its common stock for $3.8MM or $27.13 per share, and paid dividends of $12.2MM. The company ended the quarter with a book value per share of $39.92, up 3% vs. 1Q15-end, helped by the impact of lower yields on the fixed maturities portfolio. This was partially offset by dividends paid.

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