KMPR News & Events

Reports Q1 revenue $1.11B, consensus $1.18B. "Our results this quarter reflect continued pressure in parts of the business, particularly California personal auto, while other areas of the portfolio are performing well and contributing positively," said C. Thomas Evans, Jr., Interim CEO. "This includes strong results in our commercial auto business and continued personal auto diversification into key markets like Florida and Texas. We are taking decisive actions across underwriting, claims, and expense to return the business to profitability and drive more consistent performance over time."

Kemper Corporation announced it has completed the sale of a property and casualty distribution operation consisting of captive agents and storefront locations to Confie, a company that specializes in operating storefront distribution models. The transaction includes the sale of Newins Insurance Agency Holdings, LLC, which operates under the Illinois Vehicle, A-Abana, and Access Auto Insurance brands in a limited number of states. The operation was acquired by Kemper as part of the American Access Insurance Company transaction in 2021. "This transaction is consistent with our focus on improving performance in our core operations," said C. Thomas Evans, Jr., Interim CEO. Employees associated with the business have transitioned to Confie as part of the transaction.