Kemper: Q3 results include adj. net operating loss of ($35M)-($25M)

Kemper said on Monday that results for the third quarter of 2023 include an estimated net loss between ($150M)-($140M) and an estimated adjusted consolidated net operating loss between ($35M)-($25M). Net loss for the third quarter includes an estimated $56M after-tax non-cash charge related to the termination of Kemper’s remaining pension plan obligations, which was previously included within accumulated other comprehensive income. The net loss also includes approximately $25M of after-tax net realized losses on investments.