NYSE:KMPRInsurance
Kemper (KMPR) Reports A Q2 Loss And Goodwill Impairment, Is The Discount Warranted?
Kemper earnings shock and goodwill impairment set the tone
Kemper (KMPR) just posted a second quarter net loss of $464.8 million, driven largely by a $460 million non cash goodwill impairment in its specialty auto segment, along with a shift toward tighter, profitability-focused underwriting.
See our latest analysis for Kemper.
The latest earnings and goodwill impairment news has coincided with a weaker share price backdrop for Kemper, with the stock at US$28.51 and the year to date share...