Kemper Corporation (NYSE:KMPR) Q4 2018 Earnings Conference Call Transcript
Feb 11, 2019 • 04:15 pm ET
Good afternoon, ladies and gentlemen, and welcome to Kemper's Fourth Quarter 2018 Earnings Conference Call. My name is Andrea, and I will be your coordinator today. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. As a reminder, the conference call is being recorded for replay purposes.
I would now like to introduce your host for today's conference call, Michael Marinaccio, Kemper's Vice President of Corporate Development and Investor Relations. Mr. Marinaccio, you may begin.
Michael A. Marinaccio
Thank you, Andrea. Good afternoon, everyone, and welcome to Kemper's discussion of our fourth quarter and year-end 2018 results. This afternoon you'll hear from Joe Lacher, Kemper's President and Chief Executive Officer; Jim McKinney, Kemper's Senior Vice President and Chief Financial Officer; and Duane Sanders, Kemper's Senior Vice President and the Property & Casualty Division President.
We'll make a few opening remarks, provide context around our fourth quarter and year-end results, and then we'll open up the call for a question-and-answer session. During the interactive portion of the call, our presenters will be joined by John Boschelli, Kemper's Senior Vice President and Chief Investment Officer; and Mark Green, Kemper's Senior Vice President and Life & Health Division President.
Before the markets opened this morning, we issued our earnings release and published our fourth quarter earnings presentation and financial supplement. We intend to file our Form 10-K with the SEC on or about February 14th. You can find these documents on the Investors section of our website kemper.com.
Our discussion today may contain forward-looking statements. Our actual results may differ materially from these statements. For information on potential risks associated with relying on forward-looking statements, please refer to our 2017 Form 10-K as well as our 2018 Form 10-K once filed and our fourth quarter 2018 earnings release.
This afternoon's discussion also includes non-GAAP financial measures that we believe are meaningful to investors. One such measure that I want to point out is, as adjusted for acquisition. It is clearly important to understand our reported results, including the impact of Infinity acquisition at the Kemper overall. However, investors have also expressed an interest in understanding the underlying organic performance of the combined businesses.
Since our reported financials, we do not include Infinity's historical information prior to the closing of the acquisition and our current results include the impact of purchase accounting, the underlying trends are not easily visible. And in effort to provide insight into the underlying performance, we also display our financials as adjusted for acquisition. This will remove the impact of purchase accounting and includes historical Infinity information to more easily provide a meaningful year-over-year comparison.
In our financial supplement, presentation and earnings release, we have defined and reconciled all the non-GAAP financial measures to GAAP, where required in accordance with SEC rules. You can find each of these documents on the Investors section of our website at kemper.com. Finally, all comparative references will be to the corresponding 2017 period unless