Kemper (KMPR)
Market Price (8/9/2026): $28.5 | Market Cap: $1.7 BilSector: Financials | Industry: Multi-line Insurance
Kemper (KMPR)
Market Price (8/9/2026): $28.5Market Cap: $1.7 BilSector: FinancialsIndustry: Multi-line Insurance
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldDividend Yield is 4.5%, FCF Yield is 24% Low stock price volatilityVol 12M is 40% Megatrend and thematic driversMegatrends include Future of Insurance. Themes include Digital Claims Management, Data-Driven Underwriting, and Personalized Risk Management. | Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -111% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -11% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29% Key risksKMPR key risks include [1] its significant concentration in the California and Florida personal automobile insurance markets and [2] persistent profitability challenges, Show more. |
| Attractive yieldDividend Yield is 4.5%, FCF Yield is 24% |
| Low stock price volatilityVol 12M is 40% |
| Megatrend and thematic driversMegatrends include Future of Insurance. Themes include Digital Claims Management, Data-Driven Underwriting, and Personalized Risk Management. |
| Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -111% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.6%, Rev Chg QQuarterly Revenue Change % is -11% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -29% |
| Key risksKMPR key risks include [1] its significant concentration in the California and Florida personal automobile insurance markets and [2] persistent profitability challenges, Show more. |
Qualitative Assessment
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Kemper (KMPR) stock has lost about 15% since 4/30/2026 because of the following key factors:
1. Kemper reported a significant net loss in fiscal Q2 2026, primarily due to a substantial non-cash goodwill impairment. The company announced a net loss of $464.8 million, or $(7.90) per diluted share, for the quarter ending June 30, 2026, a sharp decline from net income of $72.6 million, or $1.12 per diluted share, in fiscal Q2 2025. This loss was largely driven by a $460 million non-cash goodwill impairment charge. Additionally, adjusted consolidated net operating income plummeted approximately 69% to $26.3 million, and adjusted diluted operating EPS fell by 65.4% to $0.45, indicating weakened profitability in its core operations, particularly within the Specialty Property & Casualty (P&C) segment. Revenue also decreased by 10.8% to $1.093 billion in fiscal Q2 2026, mainly due to lower Specialty Personal Automobile volume and higher impairment losses.
2. Disappointing fiscal Q1 2026 earnings set a negative precedent for the subsequent period. Prior to the recent decline, Kemper reported a net loss of $1.7 million, or $(0.03) per share, for fiscal Q1 2026 (ending March 31, 2026), compared to net income of $99.7 million, or $1.54 per diluted share, in fiscal Q1 2025. The adjusted consolidated net operating income for fiscal Q1 2026 was $12.5 million, or $0.21 per share, significantly missing analysts' consensus estimates of $0.81 per share by $0.60. Revenue of $1.11 billion also fell short of analyst estimates of $1.17 billion and was down 7.2% year-over-year. These results, announced on May 6, 2026, likely contributed to negative investor sentiment at the outset of the specified period.
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Kemper (KMPR) stock has lost about 15% since 4/30/2026 because of the following key factors:
1. Kemper reported a significant net loss in fiscal Q2 2026, primarily due to a substantial non-cash goodwill impairment. The company announced a net loss of $464.8 million, or $(7.90) per diluted share, for the quarter ending June 30, 2026, a sharp decline from net income of $72.6 million, or $1.12 per diluted share, in fiscal Q2 2025. This loss was largely driven by a $460 million non-cash goodwill impairment charge. Additionally, adjusted consolidated net operating income plummeted approximately 69% to $26.3 million, and adjusted diluted operating EPS fell by 65.4% to $0.45, indicating weakened profitability in its core operations, particularly within the Specialty Property & Casualty (P&C) segment. Revenue also decreased by 10.8% to $1.093 billion in fiscal Q2 2026, mainly due to lower Specialty Personal Automobile volume and higher impairment losses.
2. Disappointing fiscal Q1 2026 earnings set a negative precedent for the subsequent period. Prior to the recent decline, Kemper reported a net loss of $1.7 million, or $(0.03) per share, for fiscal Q1 2026 (ending March 31, 2026), compared to net income of $99.7 million, or $1.54 per diluted share, in fiscal Q1 2025. The adjusted consolidated net operating income for fiscal Q1 2026 was $12.5 million, or $0.21 per share, significantly missing analysts' consensus estimates of $0.81 per share by $0.60. Revenue of $1.11 billion also fell short of analyst estimates of $1.17 billion and was down 7.2% year-over-year. These results, announced on May 6, 2026, likely contributed to negative investor sentiment at the outset of the specified period.
3. Analyst downgrades and reduced price targets reflected a negative outlook for Kemper's stock. During the period, several investment firms revised their ratings and price objectives for KMPR. On May 7, 2026, Piper Sandler lowered its price target from $35.00 to $28.00 and issued an "underweight" rating. Following this, on May 11, 2026, UBS Group cut its price objective from $48.00 to $44.00. Most notably, on May 13, 2026, Zacks Research downgraded Kemper from a "hold" to a "strong sell" rating. By July 23, 2026, the consensus analyst rating for Kemper was "Reduce," with four sell ratings, three hold ratings, and two buy ratings among the nine brokerages covering the stock.
4. Challenging global commercial insurance market conditions, particularly softening rates, impacted the industry. The broader insurance market faced headwinds, with global commercial insurance rates declining by an average of 6% in fiscal Q2 2026, marking the eighth consecutive quarter of decreases. This trend was largely attributed to abundant market capacity and intense competition among insurers. Property rates, specifically, fell by 12% globally. While casualty rates saw a modest increase of 2% in the US due to ongoing challenges, the overall environment for insurers remained competitive with a focus on underwriting discipline amidst economic uncertainty and evolving risk complexities.
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Stock Movement Drivers
Fundamental Drivers
The -14.5% change in KMPR stock from 4/30/2026 to 8/8/2026 was primarily driven by a -10.0% change in the company's P/S Multiple.| (LTM values as of) | 4302026 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.33 | 28.51 | -14.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,783 | 4,553 | -4.8% |
| P/S Multiple | 0.4 | 0.4 | -10.0% |
| Shares Outstanding (Mil) | 59 | 59 | -0.2% |
| Cumulative Contribution | -14.5% |
Market Drivers
4/30/2026 to 8/8/2026| Return | Correlation | |
|---|---|---|
| KMPR | -14.5% | |
| Market (SPY) | 7.6% | -11.9% |
| Sector (XLF) | 10.5% | 46.0% |
Fundamental Drivers
The -26.1% change in KMPR stock from 1/31/2026 to 8/8/2026 was primarily driven by a -24.9% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.60 | 28.51 | -26.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,837 | 4,553 | -5.9% |
| P/S Multiple | 0.5 | 0.4 | -24.9% |
| Shares Outstanding (Mil) | 61 | 59 | 4.4% |
| Cumulative Contribution | -26.1% |
Market Drivers
1/31/2026 to 8/8/2026| Return | Correlation | |
|---|---|---|
| KMPR | -26.1% | |
| Market (SPY) | 12.1% | 8.1% |
| Sector (XLF) | 8.3% | 48.6% |
Fundamental Drivers
The -52.0% change in KMPR stock from 7/31/2025 to 8/8/2026 was primarily driven by a -54.6% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 59.45 | 28.51 | -52.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,681 | 4,553 | -2.7% |
| P/S Multiple | 0.8 | 0.4 | -54.6% |
| Shares Outstanding (Mil) | 64 | 59 | 8.5% |
| Cumulative Contribution | -52.0% |
Market Drivers
7/31/2025 to 8/8/2026| Return | Correlation | |
|---|---|---|
| KMPR | -52.0% | |
| Market (SPY) | 23.4% | 5.5% |
| Sector (XLF) | 11.3% | 32.3% |
Fundamental Drivers
The -39.5% change in KMPR stock from 7/31/2023 to 8/8/2026 was primarily driven by a -34.0% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8082026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.10 | 28.51 | -39.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,392 | 4,553 | -15.6% |
| P/S Multiple | 0.6 | 0.4 | -34.0% |
| Shares Outstanding (Mil) | 64 | 59 | 8.6% |
| Cumulative Contribution | -39.5% |
Market Drivers
7/31/2023 to 8/8/2026| Return | Correlation | |
|---|---|---|
| KMPR | -39.5% | |
| Market (SPY) | 74.9% | 27.6% |
| Sector (XLF) | 70.4% | 46.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| KMPR Return | -22% | -14% | 2% | 39% | -37% | -25% | -56% |
| Peers Return | 27% | 19% | 10% | 34% | 16% | 14% | 192% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| KMPR Win Rate | 33% | 42% | 50% | 50% | 33% | 50% | |
| Peers Win Rate | 53% | 60% | 62% | 67% | 60% | 57% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| KMPR Max Drawdown | -36% | -34% | -41% | -15% | -47% | -42% | |
| Peers Max Drawdown | -15% | -19% | -22% | -12% | -16% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PGR, ALL, TRV, HIG, AIG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/7/2026 (YTD)
How Low Can It Go
| Event | KMPR | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.8% | -18.8% |
| % Gain to Breakeven | 18.8% | 23.1% |
| Time to Breakeven | 21 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -18.6% | -9.5% |
| % Gain to Breakeven | 22.8% | 10.5% |
| Time to Breakeven | 32 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -32.6% | -6.7% |
| % Gain to Breakeven | 48.3% | 7.1% |
| Time to Breakeven | 296 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.7% | -24.5% |
| % Gain to Breakeven | 42.2% | 32.4% |
| Time to Breakeven | 123 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -28.9% | -33.7% |
| % Gain to Breakeven | 40.6% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.7% | -19.2% |
| % Gain to Breakeven | 26.1% | 23.8% |
| Time to Breakeven | 51 days | 105 days |
In The Past
Kemper's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
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Asset Allocation
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| Event | KMPR | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -32.6% | -6.7% |
| % Gain to Breakeven | 48.3% | 7.1% |
| Time to Breakeven | 296 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.7% | -24.5% |
| % Gain to Breakeven | 42.2% | 32.4% |
| Time to Breakeven | 123 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -28.9% | -33.7% |
| % Gain to Breakeven | 40.6% | 50.9% |
| Time to Breakeven | 114 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.7% | -19.2% |
| % Gain to Breakeven | 26.1% | 23.8% |
| Time to Breakeven | 51 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -36.7% | -12.2% |
| % Gain to Breakeven | 58.1% | 13.9% |
| Time to Breakeven | 176 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -31.7% | -6.8% |
| % Gain to Breakeven | 46.5% | 7.3% |
| Time to Breakeven | 165 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.8% | -17.9% |
| % Gain to Breakeven | 27.8% | 21.8% |
| Time to Breakeven | 78 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -81.5% | -53.4% |
| % Gain to Breakeven | 440.0% | 114.4% |
| Time to Breakeven | 1684 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -20.1% | -8.6% |
| % Gain to Breakeven | 25.2% | 9.5% |
| Time to Breakeven | 48 days | 47 days |
In The Past
Kemper's stock fell -15.8% during the 2025 US Tariff Shock. Such a loss loss requires a 18.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Kemper (KMPR)
Kemper Corporation (KMPR) is a diversified insurance holding company primarily focused on providing property and casualty (P&C) insurance across the United States. Through its Specialty and Preferred Property & Casualty Insurance segments, Kemper offers a broad range of policies for individuals, including automobile, homeowners, renters, fire, umbrella, and general liability insurance. The company also extends its P&C offerings to businesses, providing commercial automobile insurance.
Beyond property and casualty, Kemper operates a significant Life & Health Insurance segment. This division provides various life insurance products, such as permanent and term policies, along with supplemental accident and health insurance. Specific health offerings include Medicare supplement insurance, fixed hospital indemnity, home health care, specified disease, and accident-only plans. Kemper serves a wide customer base comprising individuals and businesses in rural, suburban, and urban areas, distributing its comprehensive suite of insurance products through independent agents and brokers.
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Here are 1-3 brief analogies for Kemper (KMPR):
- Imagine an insurance company that combines the auto and home coverage of Progressive with the supplemental health and life offerings of Aflac.
- It's like a diversified insurance provider in the vein of State Farm or Allstate, but also offering specialized life and supplemental health insurance products.
- Think of it as a comprehensive insurance company for individuals and businesses, much like a Liberty Mutual that covers property & casualty, life, and health insurance.
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- Property & Casualty Insurance: Provides automobile, homeowners, renters, fire, umbrella, general liability, and commercial automobile insurance for individuals and businesses.
- Life Insurance: Offers permanent and term life insurance policies.
- Supplemental Accident and Health Insurance: Includes Medicare supplement, fixed hospital indemnity, home health care, specified disease, and accident-only plans.
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Major Customers of Kemper Corporation (KMPR)
Kemper Corporation primarily sells insurance products directly to individuals and, to a lesser extent, to businesses. As an insurance provider, it does not have a few major corporate customers in the traditional sense, but rather serves a broad base of policyholders. Based on the products it offers, its customers can be categorized as:
- Individuals seeking personal property & casualty insurance: This category includes individuals purchasing automobile, homeowners, renters, fire, umbrella, and general liability insurance.
- Individuals seeking life & health insurance: This category encompasses individuals acquiring permanent and term life insurance, supplemental accident and health insurance, Medicare supplement insurance, fixed hospital indemnity plans, home health care plans, specified disease plans, and accident-only plans, often in rural, suburban, and urban areas.
- Businesses seeking commercial automobile insurance: This category includes businesses that require commercial automobile insurance for their operations.
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C. Thomas Evans, Jr. Interim President and Chief Executive Officer
C. Thomas Evans, Jr. was appointed Interim Chief Executive Officer of Kemper Corporation on October 14, 2025. He joined Kemper in 1992 and has served as an Executive Vice President, Secretary, and General Counsel since May 2015. Prior to joining Kemper, he was in private practice with the law firm of Winston & Strawn, where he focused on corporate and commercial litigation.
Bradley T. Camden Executive Vice President and Chief Financial Officer
Bradley T. Camden joined Kemper Corporation in 2020 and was named Executive Vice President and Chief Financial Officer in February 2024. Before this role, he served as the company's Senior Vice President, Treasurer, and Interim Chief Financial Officer. Prior to his time at Kemper, Mr. Camden spent 20 years with Northern Trust Asset Management, where he most recently led its Long Duration Fixed Income Team, managing approximately $180 billion in fixed income assets.
John M. Boschelli Executive Vice President and Chief Investment Officer
John M. Boschelli joined Kemper Corporation in 1997. He assumed his current position as Executive Vice President and Chief Investment Officer in May 2015, after serving as Vice President and Chief Investment Officer from May 2009 to May 2015. He also held the role of the Company's Treasurer from February 2002 to May 2009 and has held various other positions within Kemper since 1997.
Christopher W. Flint Executive Vice President and President, Kemper Life
Christopher W. Flint joined Kemper Corporation in 2023, bringing with him over 25 years of experience in the financial services and insurance industries. He previously held senior leadership roles at several companies, including Securities America, Lincoln Financial, Protective Life, Farmers New World Life, and USAA (Protection Solutions Life Company).
Matt A. Hunton Executive Vice President and President, Kemper Auto
Matthew A. Hunton joined Kemper Corporation in 2019 and assumed his current position as Executive Vice President and President, Kemper Auto, in November 2022. Prior to joining Kemper, he spent more than 10 years at Travelers, where he led the Select/Small Commercial business, as well as Product.
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The key risks to Kemper Corporation (KMPR) primarily revolve around its core insurance operations and the broader economic and regulatory environment:
- Regulatory and Competitive Pressures Impacting Underwriting Profitability: Kemper faces significant challenges from state-level insurance regulations, particularly in core markets like California. Delays in approving necessary rate increases can pressure profitability, as rising claim severity (driven by factors such as distracted driving and social inflation) outpaces earned premiums. The company's recent financial performance, including a net loss in Q4 2025, has been impacted by elevated claim severity and competitive pressures, leading to strategic shifts away from less profitable markets to reduce earnings volatility.
- Exposure to Catastrophe Losses and Reinsurance Costs: As a property and casualty insurer, Kemper is susceptible to substantial losses from catastrophic events, including severe weather like hurricanes, hail, and floods. These events can materially and adversely affect the company's results of operations, liquidity, and financial condition. The availability and cost of catastrophe reinsurance, which Kemper uses to mitigate these risks, can fluctuate, potentially leading to the company retaining more risk if reinsurance becomes more expensive or less accessible.
- Investment Portfolio Risks: Kemper maintains a diversified investment portfolio that is exposed to significant financial and capital market risks. These include interest rate risk, equity price risk, and liquidity risk. Fluctuations in interest rates, volatility in equity markets, or changes in general economic conditions can negatively impact the company's net investment income and the fair value of its investment assets, thereby affecting overall financial results.
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The clear emerging threat for Kemper is the rise of digitally native insurtech companies and the broader industry shift towards direct-to-consumer digital insurance platforms. These new entrants and evolving consumer preferences challenge Kemper's traditional agent-based distribution model and the operational structures of legacy insurers. Insurtechs leverage advanced technologies like artificial intelligence, big data analytics, and mobile-first interfaces to offer streamlined, personalized, and often more competitive insurance products, directly appealing to modern consumers who increasingly prefer digital interactions over traditional agent engagements.
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The addressable markets for Kemper Corporation's main products and services in the U.S. are as follows:
- Automobile Insurance: The United States motor insurance market size is projected to be USD 532.45 billion in 2026. In 2024, the total automobile sector's direct written premiums increased to USD 431.69 billion.
- Homeowners Insurance: The United States homeowners insurance market size is estimated at USD 184.59 billion in 2026 and is projected to reach USD 236.90 billion by 2031. The market size was USD 175.1 billion in 2025.
- Commercial Automobile Insurance: The United States commercial auto insurance marketplace recorded approximately USD 61.6 billion in direct written premiums in 2024.
- Life Insurance: The U.S. life insurance market was valued at USD 765.38 billion in 2023 and is projected to reach USD 1,476.31 billion by 2032.
- Medicare Supplement Health Insurance: The U.S. Medicare supplement health insurance market size was exhibited at USD 30.55 billion in 2025 and is projected to reach around USD 50.33 billion by 2035. In 2022, this market was valued at USD 26.97 billion.
- Supplemental Accident and Health Insurance: The U.S. supplemental health market size is expected to increase from USD 40.58 billion in 2025 to USD 69.92 billion by 2035. The individual supplemental health insurance market earned USD 9.05 billion in premium at year-end 2023.
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Here are 3-5 expected drivers of future revenue growth for Kemper Corporation (KMPR) over the next 2-3 years:
- Strategic Rate Actions and Underwriting Discipline in Auto Insurance: Kemper is focused on implementing significant rate increases, particularly in states like California, to address rising claims severity and restore profitability in its auto insurance segment. These deliberate actions are expected to improve revenue per policy and overall segment performance.
- Geographic Diversification and Expansion in Favorable Markets: To reduce earnings volatility and leverage more constructive market environments, Kemper plans to shift its growth emphasis toward states such as Florida and Texas. This includes the rollout and performance of new personal auto products in these markets, aiming to drive new customer and policy acquisition.
- Profitable Growth within the Specialty Property & Casualty Segment: The Specialty Property & Casualty segment, especially its commercial auto business, has demonstrated strong premium and policy-in-force (PIF) growth. Kemper is prioritizing profitable expansion within this segment, which is a key driver for overall revenue growth.
- Consistent Contribution and Targeted Growth from the Life & Health Insurance Segment: The Life & Health insurance segment has shown stable earnings and consistent policy growth, providing reliable cash flow and helping to offset volatility from other parts of the business. This stable performance contributes consistently to the company's overall revenue.
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Share Repurchases
- On August 5, 2025, Kemper's Board of Directors approved a new share repurchase authorization of up to $500 million of its common stock.
- As of August 6, 2025, Kemper had repurchased $80 million of common stock since April 1, and the Board approved an additional $500 million authorization, bringing the total available to $550 million.
- From October 1, 2025, to December 31, 2025, Kemper repurchased 1,655,662 shares for $135.6 million. Across the full buyback program announced on August 5, 2025, the company repurchased a total of 3,297,473 shares for $220.8 million.
Share Issuance
- On August 5, 2025, Kemper shareholders approved an amendment to the company's stock incentive plan, increasing the total number of authorized shares by 625,000 for equity-based compensation for eligible employees, officers, and directors.
- As of December 31, 2024, Kemper had 63,840,442 shares issued and outstanding, which decreased to 60,201,675 shares issued and outstanding at September 30, 2025.
Outbound Investments
- Kemper completed the acquisition of American Access Casualty Company for $370 million on April 1, 2021.
Capital Expenditures
- Capital expenditures for long-lived assets by operating segment were reported as immaterial in Kemper's financial filings for the year ended December 31, 2025.
- Kemper invested $8.8 million in capital expenditures during the fourth quarter of 2025.
- The company made capital contributions to consolidated insurance subsidiaries of $91.4 million in 2025, $18.0 million in 2024, and $489.1 million in 2023.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Why Kemper Stock Moved: KMPR Stock Has Lost 37% Since 2024 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S) | 08/08/2025 | |
| Kemper (KMPR) Valuation Ratios Comparison | 08/08/2025 | |
| KMPR Dip Buy Analysis | 07/10/2025 | |
| Kemper Total Shareholder Return (TSR): 42.3% in 2024 and 9.3% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| null | 02/28/2025 | |
| Kemper (KMPR) Operating Cash Flow Comparison | 02/17/2025 | |
| Kemper (KMPR) Net Income Comparison | 02/15/2025 | |
| Kemper vs. S&P500 Correlation | 10/03/2024 | |
| Kemper Price Volatility | 09/24/2024 | |
| Fundamental Metrics: ... | 06/19/2024 | |
| ARTICLES | ||
| Stocks Trading At 52-Week Low | 06/03/2026 |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 179.31 |
| Mkt Cap | 55.0 |
| Rev LTM | 38,802 |
| Op Inc LTM | - |
| FCF LTM | 8,392 |
| FCF 3Y Avg | 7,337 |
| CFO LTM | 8,453 |
| CFO 3Y Avg | 7,526 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.0% |
| Rev Chg 3Y Avg | 8.5% |
| Rev Chg Q | 3.5% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 18.0% |
| CFO/Rev 3Y Avg | 18.0% |
| FCF/Rev LTM | 17.6% |
| FCF/Rev 3Y Avg | 17.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Specialty Property & Casualty Insurance | 4,146 | 3,772 | 3,807 | 4,183 | 4,076 |
| Life Insurance | 583 | 566 | 582 | 782 | 765 |
| Non-Core Operations | 85 | 282 | 558 | 640 | 704 |
| Change in Fair Value of Equity and Convertible Securities | -4 | -3 | 5 | -80 | 115 |
| Net Realized Investment Gains (Losses), Impairment Losses, and Other | -20 | 21 | -7 | ||
| Impairment Losses | -26 | -11 | |||
| Net Realized Investment Gains | 4 | 65 | |||
| Other | 20 | 5 | |||
| Total | 4,790 | 4,639 | 4,944 | 5,524 | 5,718 |
| $ Mil | 2015 | 2014 | 2013 | 2006 | 2005 |
|---|---|---|---|---|---|
| Property & Casualty Insurance | 110 | 27 | |||
| Net Realized Investment Gains | 52 | 99 | |||
| Life Insurance | 24 | 142 | |||
| Impairment Losses | -27 | -14 | |||
| Other | -58 | -33 | -47 | ||
| Kemper Direct | 40 | ||||
| Kemper Preferred | 88 | ||||
| Kemper Specialty | 12 | ||||
| Life and Health Insurance | 137 | 152 | 92 | ||
| Consumer Finance | 45 | 53 | |||
| Kemper Auto and Home | 132 | 79 | |||
| Specialty Lines Insurance | 39 | 43 | |||
| Unitrin Business Insurance | 16 | ||||
| Unitrin Direct | -10 | 2 | |||
| Total | 100 | 136 | 314 | 373 | 268 |
| $ Mil | 2015 | 2014 |
|---|---|---|
| Property & Casualty Insurance | 214 | 73 |
| Life Insurance | 73 | 219 |
| Total | 288 | 291 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Specialty Property & Casualty Insurance | 6,933 | 6,353 | 6,146 | 6,535 | 5,936 |
| Life Insurance | 4,840 | 4,732 | 4,898 | 5,008 | 6,063 |
| Non-Core Operations | 368 | 771 | 1,075 | 1,225 | |
| Corporate and Other | 332 | 775 | 624 | 545 | 1,687 |
| Preferred Property & Casualty Insurance | 1,230 | ||||
| Total | 12,473 | 12,630 | 12,743 | 13,314 | 14,916 |
Price Behavior
| Market Price | $28.51 | |
| Market Cap ($ Bil) | 1.7 | |
| First Trading Date | 09/18/1991 | |
| Distance from 52W High | -46.0% | |
| 50 Days | 200 Days | |
| DMA Price | $27.20 | $33.16 |
| DMA Trend | down | down |
| Distance from DMA | 4.8% | -14.0% |
| 3M | 1YR | |
| Volatility | 46.4% | 39.7% |
| Downside Capture | -70.33 | 68.55 |
| Upside Capture | -76.67 | -8.31 |
| Correlation (SPY) | -14.5% | 8.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.48 | -0.74 | -0.54 | 0.23 | 0.17 | 0.65 |
| Up Beta | -4.50 | -0.50 | -0.32 | -0.03 | 0.23 | 0.62 |
| Down Beta | 1.04 | -0.72 | -1.31 | -0.29 | 0.24 | 0.88 |
| Up Capture | -97% | -33% | -55% | 10% | -19% | 13% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 11 | 23 | 32 | 67 | 127 | 401 |
| Down Capture | -202% | -145% | 6% | 91% | 69% | 88% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 11 | 20 | 31 | 59 | 123 | 347 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KMPR | |
|---|---|---|---|---|
| KMPR | -39.1% | 39.8% | -1.14 | - |
| Sector ETF (XLF) | 12.3% | 14.6% | 0.57 | 37.8% |
| Equity (SPY) | 23.3% | 12.8% | 1.36 | 8.1% |
| Gold (GLD) | 28.5% | 28.4% | 0.87 | -5.4% |
| Commodities (DBC) | 32.9% | 19.8% | 1.32 | -7.8% |
| Real Estate (VNQ) | 14.2% | 13.8% | 0.72 | 28.3% |
| Bitcoin (BTCUSD) | -43.7% | 43.0% | -1.21 | 19.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KMPR | |
|---|---|---|---|---|
| KMPR | -13.3% | 36.9% | -0.30 | - |
| Sector ETF (XLF) | 11.4% | 18.4% | 0.48 | 47.3% |
| Equity (SPY) | 13.5% | 17.2% | 0.61 | 33.2% |
| Gold (GLD) | 18.6% | 18.6% | 0.81 | 0.7% |
| Commodities (DBC) | 8.2% | 19.6% | 0.31 | 7.8% |
| Real Estate (VNQ) | 2.3% | 18.9% | 0.02 | 37.5% |
| Bitcoin (BTCUSD) | 9.0% | 53.0% | 0.36 | 14.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with KMPR | |
|---|---|---|---|---|
| KMPR | 0.1% | 35.1% | 0.10 | - |
| Sector ETF (XLF) | 13.6% | 22.1% | 0.56 | 55.9% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 45.6% |
| Gold (GLD) | 12.1% | 16.2% | 0.61 | -1.1% |
| Commodities (DBC) | 7.4% | 18.0% | 0.33 | 16.2% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.20 | 44.4% |
| Bitcoin (BTCUSD) | 58.4% | 66.2% | 0.98 | 8.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 7/21/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -10.3% | -9.1% | -23.7% |
| 2/4/2026 | -13.1% | -15.7% | -16.6% |
| 11/5/2025 | -14.3% | -13.6% | -7.9% |
| 8/5/2025 | -21.3% | -15.0% | -11.4% |
| 5/7/2025 | 1.4% | 3.8% | 4.2% |
| 2/5/2025 | 1.4% | -3.7% | -2.4% |
| 10/30/2024 | -2.9% | 3.2% | 11.9% |
| 8/5/2024 | -6.2% | -2.4% | 1.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 8 | 13 |
| # Negative | 17 | 16 | 11 |
| Median Positive | 1.5% | 3.7% | 4.2% |
| Median Negative | -6.4% | -5.6% | -9.9% |
| Max Positive | 9.9% | 15.9% | 24.3% |
| Max Negative | -21.3% | -15.7% | -23.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -10.3% | -9.1% | -23.7% |
| 2/4/2026 | -13.1% | -15.7% | -16.6% |
| 11/5/2025 | -14.3% | -13.6% | -7.9% |
| 8/5/2025 | -21.3% | -15.0% | -11.4% |
| 5/7/2025 | 1.4% | 3.8% | 4.2% |
| 2/5/2025 | 1.4% | -3.7% | -2.4% |
| 10/30/2024 | -2.9% | 3.2% | 11.9% |
| 8/5/2024 | -6.2% | -2.4% | 1.5% |
| 5/1/2024 | -0.2% | 3.3% | 2.8% |
| 2/1/2024 | -5.3% | -4.1% | -3.3% |
| 10/30/2023 | -5.4% | -1.2% | 3.4% |
| 8/7/2023 | -7.4% | -6.4% | -7.7% |
| 5/8/2023 | -0.7% | -3.7% | 0.3% |
| 2/2/2023 | 7.8% | 12.8% | 9.0% |
| 11/2/2022 | 7.6% | 15.9% | 24.3% |
| 8/1/2022 | -8.0% | -4.0% | 0.4% |
| 5/2/2022 | 9.9% | 1.8% | 10.5% |
| 1/31/2022 | -12.1% | -12.5% | -13.1% |
| 10/28/2021 | -10.0% | -11.6% | -19.1% |
| 7/29/2021 | -3.6% | -7.9% | 3.0% |
| 4/29/2021 | -6.4% | -4.7% | -9.9% |
| 2/1/2021 | -3.9% | -0.6% | 7.4% |
| 11/2/2020 | 1.1% | 3.5% | 19.5% |
| 8/3/2020 | 1.5% | 4.5% | -2.8% |
| SUMMARY STATS | |||
| # Positive | 7 | 8 | 13 |
| # Negative | 17 | 16 | 11 |
| Median Positive | 1.5% | 3.7% | 4.2% |
| Median Negative | -6.4% | -5.6% | -9.9% |
| Max Positive | 9.9% | 15.9% | 24.3% |
| Max Negative | -21.3% | -15.7% | -23.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/07/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/07/2024 | 10-K |
| 09/30/2023 | 10/30/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/01/2022 | 10-Q |
| 03/31/2022 | 05/02/2022 | 10-Q |
| 12/31/2021 | 02/10/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/10/2021 | 10-K |
| 09/30/2020 | 11/02/2020 | 10-Q |
| 06/30/2020 | 08/03/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/14/2020 | 10-K |
| 09/30/2019 | 11/04/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Restructuring Run-rate Savings | 60.00 Mil | ||||||
Insider Activity
Updated 8/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McKinney, Suzet M | Direct | Sell | 2092026 | 34.66 | 504 | 17,469 | 175,380 | Form | |
| 2 | Parker, Stuart B | Direct | Buy | 11122025 | 36.82 | 25,000 | 920,500 | 1,772,957 | Form | |
| 3 | Laderman, Gerald | Direct | Buy | 8072025 | 49.37 | 3,000 | 148,110 | 1,216,230 | Form | |
| 4 | Canida, Teresa Alvarez | Direct | Buy | 8072025 | 48.96 | 2,000 | 97,920 | 1,396,388 | Form | |
| 5 | Flint, Christopher Wade | EVP, President, Kemper Life | Direct | Buy | 8072025 | 50.12 | 1,000 | 50,115 | 511,023 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McKinney, Suzet M | Direct | Sell | 2092026 | 34.66 | 504 | 17,469 | 175,380 | Form | |
| 2 | Parker, Stuart B | Direct | Buy | 11122025 | 36.82 | 25,000 | 920,500 | 1,772,957 | Form | |
| 3 | Laderman, Gerald | Direct | Buy | 8072025 | 49.37 | 3,000 | 148,110 | 1,216,230 | Form | |
| 4 | Canida, Teresa Alvarez | Direct | Buy | 8072025 | 48.96 | 2,000 | 97,920 | 1,396,388 | Form | |
| 5 | Flint, Christopher Wade | EVP, President, Kemper Life | Direct | Buy | 8072025 | 50.12 | 1,000 | 50,115 | 511,023 | Form |
| 6 | Gorevic, Jason N | Direct | Buy | 8072025 | 49.14 | 2,000 | 98,280 | 1,084,618 | Form |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Multi-line Insurance Resources |
| Insurance Business America |
| A.M. Best |
| National Underwriter |
| Insurance News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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