EarningsQ2 2026 Earnings Report
DE:UI2 Q2 2026 EPS Results
Actual EPS€0.40
Consensus EPS€0.30
Beat/MissBeat by +€0.10
One Year Ago EPS€1.15
DE:UI2 Q2 2026 Revenue Results
Actual Revenue€991.53M
Expected Revenue€1.03B
Beat/MissMissed by -€42.82M
YoY Revenue Growth-9.18%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:UI2 Upcoming Earnings
Kemper's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:UI2 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The quarter shows a mixed outcome: underlying operating trends improved across P&C (sequential combined-ratio improvements), commercial auto had strong underlying performance, life remained stable and cash-generative, and cost savings are accelerating. Offsetting these positives were significant GAAP charges — a $460 million goodwill impairment and a surplus-note allowance — plus ongoing personal auto profitability challenges (particularly in California) and prior-year reserve strengthening in commercial auto. Management has prioritized restoring profitability, tightened organizational accountability, and signaled further rate and underwriting discipline.Company Guidance
Sequential Improvement in Underlying P&C Results
Normalized underlying combined ratio for specialty auto improved 0.8 points from 102.8% to 102.0%; personal auto normalized combined ratio improved 1.3 points from 106.5% to 105.2%, indicating sequential underwriting and expense progress.
Commercial Auto Strong Underlying Performance
Commercial auto delivered an underlying combined ratio of 93.7% with policies-in-force (PIF) growth of 9.2% year-over-year, demonstrating attractive underlying profitability and top-line growth.
Life Business Stability and Growth
Life generated $18 million of net operating income, earned premiums of $103 million, and average premium per policy increased 5.4% year-over-year — providing stable earnings, consistent cash flow, and diversification.
Solid Investment and Cash Generation
Net investment income totaled $105 million for the quarter and trailing 12-month cash flow was $434 million, underscoring a stable, predictable source of earnings and cash.
Holding Company Liquidity and Capital Position
Insurance subsidiaries remained well capitalized and holding company liquidity was $766 million; management emphasized that the major GAAP charges did not impact statutory capital or covenant compliance.
Cost Savings and Expense Discipline
Restructuring program identified more than $80 million of cumulative annualized run-rate savings (an increase of $20 million since last quarter), contributing to lower expense and LAE ratios and supporting profitability restoration efforts.
DE:UI2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed