Kemper reports Q2 adjusted EPS (26c), consensus (39c)

Reports Q2 revenue $1.262B, consensus $1.33B. “The benefits of the profit actions taken to date are starting to take hold and are generating notable improvements in our underlying performance,” said Joseph P. Lacher, Jr., President, CEO and Chairman. “We are increasingly confident these actions are driving the intended outcomes. Further, we are making significant progress on our key strategic initiatives including our reciprocal program, Bermuda optimization, expense initiatives and completion of our Kemper Personal Insurance review. In the second half of 2023, we anticipate continued improvement in underwriting performance. For 2024, we plan to generate a return on equity equal to or greater than 10%. I am deeply proud of the Kemper team and the efforts they have extended and continue to extend to enable these results.”