Chicago, January 26, 2023–(BUSINESS WIRE)–Kemper Corporation (NYSE: KMPR) today announced that Kemper will announce its fourth quarter 2022 financial results and financial supplement after the market close on Thursday, February 2, 2023. announced to publish. The company plans to file its annual report on Form 10-K with the Securities and Exchange Commission in approximately one week. After publication, these documents will be available in the Investor Relations section of kemper.com.
preliminary results
Preliminary results for the fourth quarter of 2022 include an estimated net loss of $50 million to $65 million and an adjusted consolidated net operating loss of $25 million to $35 million.
Estimated combined ratios recorded for the fourth quarter and full year are as follows:
|
spare |
Three months ended December 31, 2022 |
Twelve months ended December 31, 2022 |
|
Kemper Auto |
109% |
108% |
|
Kemper Personal Insurance |
111% |
114% |
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The combined ratio in the fourth quarter of 2022 was negatively impacted by higher claims reserves in the first three quarters of 2022 and additional claims reserves in the prior year.
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Preliminary unfavorable prior-year reserve development of $8 million in the fourth quarter primarily driven by higher third-party liability costs, lower salvage values and higher Florida PIP defense costs .
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Kemper Auto’s fourth-quarter provisional combined ratio of 109% includes unfavorable losses and legal charges of $7 million in the first three quarters of 2022.
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Kemper Personal Insurance’s fourth quarter provisional combined ratio of 111% includes $3 million of unfavorable losses and legal charges incurred in the first three quarters of 2022.
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For the year, Kemper recorded a favorable prior year reserve deployment of $17 million.
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Catastrophe losses for the fourth quarter of 2022 were $9 million.
Conference call details
Kemper will host a conference call to discuss fourth quarter 2023 results on Thursday, February 2, 2023 at 5:00 PM ET (4:00 PM CT). Conference calls can be accessed over the Internet or by telephone. 844.200.6205, access code 906245. To listen to the webcast, please register online at the investor section of kemper.com at least 15 minutes prior to the webcast and install the required software. Webcast replays are available online in the investor section of kenper.com.
About Kemper
The Kemper family of companies is one of the country’s leading specialty insurance companies. With nearly $13 billion in assets, Kemper is improving the world of insurance by providing affordable, easy-to-use and personalized solutions for individuals, families and businesses through its auto, personal and life insurance brands. doing. Kemper has over 6 million policies fulfilled, 33,500 agents and brokers, and his 10,100 associates dedicated to meeting the ever-changing needs of its clients.Click here for details Kemper.
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contact address
Investor: Karen Guerra, 312.668.9720, Investors@kemper.com
News Media: Barbara Ciesemier, 312.661.4521, bcieemier@kemper.com
