Kemper (KMPR) Tops Q4 EPS by 19c, Revenues Beat
Kemper (NYSE: KMPR) reported Q4 EPS of $0.91, $0.19 better than the analyst estimate of $0.72. Revenue for the quarter came in at $1.09 billion versus the consensus estimate of $1.01 billion.
- Consolidated earned premiums increased by 76 percent, or $457.7 million in the quarter, as reported, 12 percent, or $111.9 million, as adjusted 1
- Specialty Property & Casualty Insurance segment’s earned premiums increased by 165 percent, or $447.1 million in the quarter, as reported, or 16 percent, or $101.3 million, as adjusted 1
- Investment portfolio generated a pre-tax equivalent annualized book yield of 4.6 percent in the quarter
“Kemper had a great 2018 with strong earnings and solid operating performance in our core businesses, and the achievement of several notable milestones,” said Joseph P. Lacher, Jr., President and CEO. “Investments in our franchise resulted in record-setting sales and premium growth in our specialty personal auto business, with consistently strong results in our health and life businesses and improving results in our preferred auto and homeowners lines. The close of our acquisition of Infinity and our refreshed brand represent meaningful steps forward in the progress on our strategic plan to focus on long-term, profitable growth.”
For earnings history and earnings-related data on Kemper (KMPR) click here.
