KEMPER Corp (KMPR) Form 10-Q — Aug 5, 2026

$KMPRForm 10-QFiled Aug 5, 2026, 4:13 PM ET0000860748-26-000084Original filing

Kemper reported a Q2 2026 net loss of $464.8 million, or $(7.90) per share, versus net income of $72.6 million ($1.13 per share) a year earlier, driven primarily by a $460.0 million goodwill impairment in its core Specialty Property & Casualty Insurance segment. Underlying performance deteriorated sharply: Specialty segment adjusted net operating income fell to $15.8 million from $79.0 million as the underlying combined ratio rose to 102.3% from 93.6%, on higher California bodily injury claim severity and frequency plus lower personal auto volumes that pushed total revenues down 10.8%.

Key figures

Eps: -$7.90 (Q2 2026 basic and diluted)
Revenue: $1,092.7 million (Q2 2026 total revenues)
Net Income: -$464.8 million (Q2 2026 net loss attributable to Kemper)
Total Debt: $944.5 million long-term debt
Revenue Yoy: -10.8% (down $132.9 million vs Q2 2025)
Total Assets: $11,926.3 million
Cash Position: $80.3 million cash (plus $271.4 million short-term investments)
Shares Outstanding: 58923154
Combined ratio: 104.0% (Q2 2026) vs 95.4% (Q2 2025)
Earned premiums q2: $1,011.6 million vs $1,130.8 million (Q2 2025)
Goodwill impairment: $460.0 million (Specialty P&C segment, Q2 2026; goodwill reduced from $1,250.7M to $783.5M)
Shareholders equity: $2,177.3 million vs $2,669.4 million at Dec 31, 2025
Net investment income q2: $105.4 million vs $95.9 million
Underlying combined ratio: 102.3% (Q2 2026) vs 93.6% (Q2 2025)
Quarterly dividend per share: $0.32
Florida statutory profit refund: $30.0 million reduction to earned premiums (H1 2026)
Reciprocal exchange credit loss: $21.0 million allowance on surplus notes
Remaining buyback authorization: $304.2 million of $500.0 million program
Adjusted consolidated net operating income: $26.3 million (Q2 2026) vs $84.1 million (Q2 2025)
Life segment adjusted net operating income: $18.3 million (Q2 2026) vs $12.6 million (Q2 2025)
Specialty segment adjusted net operating income: $15.8 million (Q2 2026) vs $79.0 million (Q2 2025)

Price after filing

1 day: +0.4%7 days: -9.5%30 days: -2.0%

Close on the filing date to close N calendar days later (from $29.28). Historical, not a forecast.

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