Kemper (KMPR) Tops Q1 EPS by 10c

Kemper (NYSE: KMPR) reported Q1 EPS of ($0.08), $0.10 better than the analyst estimate of ($0.18).

Kemper Corporation (NYSE: KMPR) reported today a net loss of $0.3 million, or $0.01 per diluted share, for the first quarter of 2017, compared to a net loss of $2.1 million, or $0.04 per share, for the first quarter of 2016. Consolidated net operating loss1 was $3.9 million, or $0.08 per diluted share, for the first quarter of 2017, compared to a net operating loss1 of $0.6 million, or $0.01 per share, for the first quarter of 2016. Net operating results decreased primarily from $17.3 million after-tax higher catastrophe losses and $5.5 million after-tax higher adverse prior year reserve development, primarily offset by $9.6 million after-tax higher net investment income and improved underlying performance in the Property & Casualty division.

For earnings history and earnings-related data on Kemper (KMPR) click here.

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