- Kemper Corporation (KMPR, Financial) reported a significant increase in first quarter 2025 net income and adjusted net operating income compared to the same period in 2024.
- The company's Specialty Property & Casualty Insurance segment achieved 24% premium growth year-over-year with an improved 92% underlying combined ratio.
- Kemper's financial position strengthened with a 22.9% debt-to-capital ratio and $1 billion in parent liquidity.
Kemper Corporation (KMPR) reported robust financial results for the first quarter of 2025, with net income reaching $99.7 million, or $1.54 per diluted share, a substantial increase from the $71.3 million, or $1.10 per share, reported for the same period in 2024.
The adjusted consolidated net operating income for the quarter was $106.4 million, or $1.65 per diluted share, compared to $69.7 million, or $1.07 per share, from the first quarter of the previous year.
The Specialty Property & Casualty Insurance segment reported an adjusted net operating income of $97.9 million, up from $69.2 million last year, driven by a stronger underlying combined ratio of 92%, down from 93.6%. This improvement was largely due to premium growth influenced by rate increases and higher business volumes.
Kemper's life insurance business also performed well, with an adjusted net operating income of $17.2 million, up from $11.9 million, primarily driven by increased net investment income.
Total revenues for the first quarter increased by $50 million to $1.193 billion, mainly due to a rise in specialty property and casualty insurance premiums.
Kemper's financial stability was bolstered by trailing 12-month operating cash flow of $520 million and a reduction in its debt-to-capital ratio to 22.9%. This positions the company well in the face of ongoing market uncertainties and enhances its potential for long-term shareholder value.
As of March 31, 2025, Kemper's shareholders' equity rose by 5% since year-end 2024 to $2,917.6 million, and the company maintains a book value per share of $45.60, up from $43.68 at the end of 2024.
