Kemper Announces Schedule for Third Quarter 2021 Earnings Release
21 October 2021 - 7:05AM
Business Wire
Kemper Corporation (NYSE: KMPR) announced today that after the
markets close on Thursday, October 28, Kemper will issue its third
quarter 2021 earnings release, financial supplement, and Form 10-Q.
Following their publication, these documents will be available on
the investor section of kemper.com.
Kemper will host its conference call to discuss third quarter
2021 results on Thursday, October 28, at 5:00 p.m. Eastern (4:00
p.m. Central). The conference call will be accessible via the
internet and by telephone at 844.200.6205, access code
208544. To listen via webcast, register online at the investor
section of kemper.com at least 15 minutes prior to the webcast to
install any necessary software. A replay of the webcast will be
available online at the investor section of kemper.com.
Kemper also announced today that it anticipates its results will
include pre-tax catastrophe losses ranging from $30 million to $35
million (approximately $24 million to $28 million after tax) for
the quarter ending September 30, 2021, primarily related to
Hurricane Ida and several wind/hail events. The company does not
expect to recover any of these losses under its reinsurance
programs.
Additionally, due to court rulings in the second quarter of 2021
related to Florida personal injury protection (“PIP”), Kemper has
experienced a further increase in litigated PIP claims. Therefore,
the company expects actual loss reserve development to exceed its
historical expectations across most accident years. To account for
this, Kemper intends to further strengthen its reserves for unpaid
loss and loss adjustment expenses on prior accident years by an
additional $22 million to $27 million pre-tax (approximately $17
million to $21 million after tax) for the quarter ending September
30, 2021.
About Kemper
The Kemper family of companies is one of the nation’s leading
specialized insurers. With approximately $15 billion in assets,
Kemper is improving the world of insurance by providing affordable
and easy-to-use personalized solutions to individuals, families and
businesses through its Auto, Personal Insurance, Life and Health
brands. Kemper serves over 6.6 million policies, is represented by
approximately 34,000 agents and brokers, and has approximately
10,000 associates dedicated to meeting the ever-changing needs of
its customers.
Learn more about Kemper.
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version on businesswire.com: https://www.businesswire.com/news/home/20211020005961/en/
Investors: Michael Marinaccio, 312.661.4803,
investors@kemper.com News Media: Barbara Ciesemier, 312.661.4521,
bciesemier@kemper.com
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