Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €21.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 10x in the Insurance industry in Germany. Total loss to shareholders of 42% over the past three years. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. Independent Director Suzet McKinney was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 08
Kemper Corporation announces Quarterly dividend, payable on June 02, 2026 Kemper Corporation announced Quarterly dividend of USD 0.3200 per share payable on June 02, 2026, ex-date on May 18, 2026 and record date on May 18, 2026. Announcement • Apr 23
Confie Holding II Co. acquired Newins Insurance Agency Holdings, LLC and Property and Casualty Distribution Operation of Kemper Corporation (NYSE:KMPR). Confie Holding II Co. acquired Newins Insurance Agency Holdings, LLC and Property and Casualty Distribution Operation of Kemper Corporation (NYSE:KMPR) on April 21, 2026. The acquisition includes 72 retail property and casualty locations across Illinois, Texas, Nevada, Arizona, and Indiana. As part of the transaction, employees associated with the business have transitioned to Confie.
Confie Holding II Co. completed the acquisition of Newins Insurance Agency Holdings, LLC and Property and Casualty Distribution Operation of Kemper Corporation (NYSE:KMPR) on April 21, 2026. Announcement • Mar 26
Kemper Corporation, Annual General Meeting, May 06, 2026 Kemper Corporation, Annual General Meeting, May 06, 2026. Location: 200 east randolph street, illinois 60601, auditorium, lower level 1, chicago United States Announcement • Feb 05
Kemper Corporation Announces Quarterly Dividend, Payable on March 3, 2026 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.32 per share. The dividend is payable on March 3, 2026, to Kemper’s shareholders of record as of February 17, 2026. Announcement • Jan 27
Kemper Corporation to Report Q4, 2025 Results on Feb 04, 2026 Kemper Corporation announced that they will report Q4, 2025 results After-Market on Feb 04, 2026 Announcement • Nov 05
Kemper Corporation Announces Quarterly Dividend, Payable on December 3, 2025 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.32 per share. The dividend is payable on December 3, 2025, to Kemper’s shareholders of record as of November 17, 2025. Announcement • Oct 28
Kemper Corporation to Report Q3, 2025 Results on Nov 05, 2025 Kemper Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Oct 25
Kemper Corporation Announces Departure of Duane A. Sanders as Executive Vice President and Chief Claims Officer, P&C, Effective October 22, 2025 On October 20, 2025, Kemper Corporation determined that Duane A. Sanders will depart from his role as Executive Vice President and Chief Claims Officer, P&C of the Company, effective October 22, 2025, and continue to serve as Executive Vice President, Executive Advisor until December 31, 2025 to help ensure a smooth transition of responsibilities. In connection with Mr. Sanders’ termination by the Company without cause on October 22, 2025, the Company expects to enter into a Separation and Release Agreement pursuant to which he will receive certain compensation and benefits to be determined by the Company in exchange for Mr. Sanders’ execution of a release of claims and agreement to certain restrictive covenants in favor of the Company. Announcement • Jul 23
Kemper Corporation to Report Q2, 2025 Results on Aug 05, 2025 Kemper Corporation announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Announcement • May 08
Kemper Corporation Declares Quarterly Dividend, Payable on June 3, 2025 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.32 per share. The dividend is payable on June 3, 2025, to Kemper’s shareholders of record as of May 19, 2025. Announcement • Apr 30
Kemper Corporation to Report Q1, 2025 Results on May 07, 2025 Kemper Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Mar 27
Kemper Corporation, Annual General Meeting, May 07, 2025 Kemper Corporation, Annual General Meeting, May 07, 2025. Location: 200 east randolph street, illinois 60601 auditorium, lower level 1, chicago United States Announcement • Feb 07
Kemper Corporation Declares Quarterly Dividend, Payable on March 4, 2025 Kemper Corporation announced that its Board of Directors has declared an increase in the company’s quarterly dividend to $0.32 per share, an increase of 3.1% or one cent over the previous quarterly dividend. The dividend is payable on March 4, 2025, to shareholders of record as of February 18, 2025. Announcement • Jan 23
Kemper Corporation to Report Q4, 2024 Results on Feb 05, 2025 Kemper Corporation announced that they will report Q4, 2024 results After-Market on Feb 05, 2025 Declared Dividend • Nov 11
Third quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 18th November 2024 Payment date: 4th December 2024 Dividend yield will be 1.8%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (29% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 2.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 08
Kemper Corporation Declares A Quarterly Dividend, Payable on December 4, 2024 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.31 per share. The dividend is payable on December 4, 2024, to Kemper’s shareholders of record as of November 18, 2024. New Risk • Nov 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.3% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (€1.7m sold). Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.15 (vs US$2.28 loss in 3Q 2023) Third quarter 2024 results: EPS: US$1.15 (up from US$2.28 loss in 3Q 2023). Revenue: US$1.18b (down 1.6% from 3Q 2023). Net income: US$73.7m (up US$220.0m from 3Q 2023). Profit margin: 6.2% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Oct 22
Kemper Corporation to Report Q3, 2024 Results on Oct 30, 2024 Kemper Corporation announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Recent Insider Transactions • Aug 25
Independent Director recently sold €1.7m worth of stock On the 21st of August, Stuart Parker sold around 30k shares on-market at roughly €55.47 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €726k more than they bought in the last 12 months. Declared Dividend • Aug 12
Second quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 19th August 2024 Payment date: 3rd September 2024 Dividend yield will be 2.1%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is not covered by earnings (154% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 71% to bring the payout ratio under control. EPS is expected to grow by 244% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Aug 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 154% Paying a dividend despite having no free cash flows. Minor Risk Large one-off items impacting financial results. Announcement • Aug 07
Kemper Corporation Declares Quarterly Dividend, Payable on September 3, 2024 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.31 per share. The dividend is payable on September 3, 2024 to its shareholders of record as of August 19, 2024. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$1.17 (vs US$1.52 loss in 2Q 2023) Second quarter 2024 results: EPS: US$1.17 (up from US$1.52 loss in 2Q 2023). Revenue: US$1.13b (down 11% from 2Q 2023). Net income: US$75.4m (up US$172.5m from 2Q 2023). Profit margin: 6.7% (up from net loss in 2Q 2023). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Jul 25
Kemper Corporation to Report Q2, 2024 Results on Aug 05, 2024 Kemper Corporation announced that they will report Q2, 2024 results at 4:00 PM, US Eastern Standard Time on Aug 05, 2024 New Risk • Jun 23
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Recent Insider Transactions • May 13
Independent Chairman recently bought €283k worth of stock On the 10th of May, Gerald Laderman bought around 5k shares on-market at roughly €56.65 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Gerald's only on-market trade for the last 12 months. Declared Dividend • May 06
First quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 10th May 2024 Payment date: 28th May 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.11 (vs US$1.25 loss in 1Q 2023) First quarter 2024 results: EPS: US$1.11 (up from US$1.25 loss in 1Q 2023). Revenue: US$1.14b (down 12% from 1Q 2023). Net income: US$71.3m (up US$151.4m from 1Q 2023). Profit margin: 6.2% (up from net loss in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.6% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Mar 06
Kemper Corporation Announces Passing of Kathleen M. Cronin, Member of Its Board of Directors Kemper Corporation announced that Kathleen M. Cronin, a member of its Board of Directors, passed away on March 3, following an extended illness. Cronin joined Kemper’s Board in February 2015 and served on numerous board committees during her tenure as a director. She had a distinguished career with decades of experience in corporate law and corporate governance including serving as Senior Managing Director, General Counsel, and Corporate Secretary at CME Group Inc. and counsel at Skadden, Arps, Slate, Meagher & Flom. Declared Dividend • Feb 12
Fourth quarter dividend of US$0.31 announced Shareholders will receive a dividend of US$0.31. Ex-date: 16th February 2024 Payment date: 5th March 2024 Dividend yield will be 2.2%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • Feb 02
Full year 2023 earnings released: US$4.25 loss per share (vs US$4.72 loss in FY 2022) Full year 2023 results: US$4.25 loss per share (improved from US$4.72 loss in FY 2022). Revenue: US$4.95b (down 11% from FY 2022). Net loss: US$272.1m (loss narrowed 9.7% from FY 2022). Revenue is expected to decline by 3.0% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 8.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Buying Opportunity • Dec 22
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be €53.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Nov 23
Lead Independent Director recently bought €378k worth of stock On the 20th of November, Stuart Parker bought around 10k shares on-market at roughly €37.83 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €136k more in shares than they have sold in the last 12 months. Announcement • Nov 01
Kemper Corporation Announces Quarterly Dividend,Payable on November 30, 2023 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.31 per share. The dividend is payable on November 30, 2023, to shareholders of record as of November 14, 2023. Reported Earnings • Oct 31
Third quarter 2023 earnings released: US$2.28 loss per share (vs US$1.19 loss in 3Q 2022) Third quarter 2023 results: US$2.28 loss per share (further deteriorated from US$1.19 loss in 3Q 2022). Revenue: US$1.20b (down 13% from 3Q 2022). Net loss: US$146.3m (loss widened 92% from 3Q 2022). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Insurance industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Oct 24
Kemper Corporation to Report Q3, 2023 Results on Oct 30, 2023 Kemper Corporation announced that they will report Q3, 2023 results After-Market on Oct 30, 2023 Announcement • Sep 20
Kemper Corporation Appoints Bradley T. Camden as Principal Financial Officer, Effective September 13, 2023 On September 15, 2023, Kemper Corporation announced the appointment of Bradley T. Camden, Senior Vice President and Treasurer, as Interim Chief Financial Officer and the Company’s principal financial officer, effective September 13, 2023. Mr. Camden replaces James J. McKinney, who will serve as a senior advisor to the Company to support a smooth transition. Mr. Camden, age 44, joined the Company in 2020 as Treasurer. Prior to joining the Company, Mr. Camden spent 15 years at Northern Trust Asset Management, where he served in a number of finance leadership roles. Announcement • Sep 17
Kemper Announces Appointment of Bradley T. Camden as Interim Chief Financial Officer Kemper Corporation announced the appointment of Bradley T. Camden, its Senior Vice President and Treasurer, as Interim Chief Financial Officer, effective immediately. Camden will report to Joseph P. Lacher, Jr., Kemper’s President, CEO and Chairman, and replaces James J. McKinney, who will serve as a senior advisor to the company to support a smooth transition. Kemper is initiating a formal search process as part of the selection of a permanent Chief Financial Officer. Camden joined Kemper in 2020 as Treasurer and has since led many of the company’s critical strategic initiatives, including formation of Kemper Bermuda Ltd. and the Kemper Reciprocal exchange, as well as the company’s capital market management, and ALM and risk management initiatives. He is also a key lead on the company’s corporate development activities. Prior to Kemper, Camden spent 15 years at Northern Trust Asset Management, where he served in a number of finance leadership roles including Head of Long Duration Fixed Income, Head of Active and Quantitative Strategies, Director of Fixed Income Strategy, among others. He has a B.A. in economics from DePauw University and is a Chartered Financial Analyst (CFA). Announcement • Aug 09
Kemper Appoints Christopher Flint as President of Kemper Life Kemper Corporation announced that Christopher Flint has joined the company as President of Kemper Life, effective today. Flint will report to Joseph P. Lacher, Jr., Kemper’s President, CEO and Chairman, and will be based at Kemper’s headquarters office in Chicago. Flint has over 25 years of experience in the financial services and insurance industries, with senior leadership roles at Securities America, Lincoln Financial, Protective Life, Farmers New World Life, and most recently at USAA, where he held the role of General Manager and Senior Vice President of Protection Solutions Life Company. He received a BS from the University of Alabama at Birmingham and an MBA and MS from Creighton University. He previously served on the FINRA Board of Governors and the LIMRA Life Insurance Advisory Board. He holds various securities licenses and is a Chartered Retirement Planning Counselor. Reported Earnings • Aug 08
Second quarter 2023 earnings released: US$1.52 loss per share (vs US$1.17 loss in 2Q 2022) Second quarter 2023 results: US$1.52 loss per share (further deteriorated from US$1.17 loss in 2Q 2022). Revenue: US$1.26b (down 12% from 2Q 2022). Net loss: US$97.1m (loss widened 30% from 2Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Aug 03
Kemper Corporation Declares Quarterly Dividend, Payable on August 28, 2023 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.31 per share. The dividend is payable on August 28, 2023, to its shareholders of record as of August 14, 2023. Announcement • Jul 29
Kemper Corporation to Report Q2, 2023 Results on Aug 07, 2023 Kemper Corporation announced that they will report Q2, 2023 results After-Market on Aug 07, 2023 Recent Insider Transactions • May 12
Insider recently sold €146k worth of stock On the 11th of May, Matthew Hunton sold around 4k shares on-market at roughly €41.62 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €157k more than they sold in the last 12 months. Reported Earnings • May 09
First quarter 2023 earnings released: US$1.25 loss per share (vs US$1.49 loss in 1Q 2022) First quarter 2023 results: US$1.25 loss per share (improved from US$1.49 loss in 1Q 2022). Revenue: US$1.29b (down 6.9% from 1Q 2022). Net loss: US$80.1m (loss narrowed 16% from 1Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • May 05
Kemper Corporation Announces Quarterly Dividend, Payable on May 30, 2023 Kemper Corporation announced that its Board of Directors has declared a quarterly dividend of $0.31 per share. The dividend is payable on May 30, 2023, to its shareholders of record as of May 15, 2023. Buying Opportunity • Mar 14
Now 21% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be €68.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Meanwhile, the company became loss making. Recent Insider Transactions • Feb 10
Independent Director recently sold €62k worth of stock On the 7th of February, Susan Whiting sold around 1k shares on-market at roughly €62.21 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €317k more than they sold in the last 12 months. Reported Earnings • Feb 05
Full year 2022 earnings released: US$4.72 loss per share (vs US$1.88 loss in FY 2021) Full year 2022 results: US$4.72 loss per share (further deteriorated from US$1.88 loss in FY 2021). Revenue: US$5.58b (down 3.7% from FY 2021). Net loss: US$301.2m (loss widened 150% from FY 2021). Combined ratio: 108.2% (down from 110.6% in FY 2021). Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Insurance industry in Germany are expected to grow by 4.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Jan 28
Kemper Corporation Provides Earnings Guidance for the Fourth Quarter of 2022 Kemper Corporation provided earnings guidance for the fourth quarter of 2022. Preliminary results for the fourth quarter of 2022 include an estimated net loss between $50 million and $65 million. Announcement • Jan 27
Kemper Corporation to Report Q4, 2022 Results on Feb 02, 2023 Kemper Corporation announced that they will report Q4, 2022 results After-Market on Feb 02, 2023 Upcoming Dividend • Nov 07
Upcoming dividend of US$0.31 per share Eligible shareholders must have bought the stock before 14 November 2022. Payment date: 01 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.8%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: US$1.19 loss per share (vs US$1.18 loss in 3Q 2021) Third quarter 2022 results: US$1.19 loss per share (further deteriorated from US$1.18 loss in 3Q 2021). Revenue: US$1.39b (down 4.8% from 3Q 2021). Net loss: US$76.2m (loss widened 1.2% from 3Q 2021). Revenue is forecast to stay flat during the next 3 years compared to a 4.1% growth forecast for the Insurance industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Aug 04
Independent Director recently bought €127k worth of stock On the 3rd of August, Jason Gorevic bought around 3k shares on-market at roughly €42.42 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €313k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 02
Second quarter 2022 earnings released: US$1.17 loss per share (vs US$0.97 loss in 2Q 2021) Second quarter 2022 results: US$1.17 loss per share (down from US$0.97 loss in 2Q 2021). Revenue: US$1.44b (down 4.6% from 2Q 2021). Net loss: US$74.7m (loss widened 19% from 2Q 2021). Over the next year, revenue is forecast to grow 3.8%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • May 04
First quarter 2022 earnings released: US$1.49 loss per share (vs US$1.88 profit in 1Q 2021) First quarter 2022 results: US$1.49 loss per share (down from US$1.88 profit in 1Q 2021). Revenue: US$1.40b (up 3.5% from 1Q 2021). Net loss: US$94.8m (down 177% from profit in 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Buying Opportunity • Feb 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be US$57.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. The company became loss making over the last year. Reported Earnings • Feb 01
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$1.88 loss per share (down from US$6.24 profit in FY 2020). Revenue: US$5.80b (up 14% from FY 2020). Net loss: US$120.5m (down 129% from profit in FY 2020). Revenue missed analyst estimates by 10%. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the insurance industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 29
Third quarter 2021 earnings released: US$1.18 loss per share (vs US$1.87 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$1.46b (up 7.5% from 3Q 2020). Net loss: US$75.3m (down 162% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Recent Insider Transactions • Sep 12
Independent Director recently bought €84k worth of stock On the 9th of September, George Cochran bought around 2k shares on-market at roughly €56.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth €1.3m. Insiders have collectively bought €296k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Aug 07
Independent Director recently bought €1.3m worth of stock On the 4th of August, Stuart Parker bought around 25k shares on-market at roughly €52.07 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €332k more in shares than they bought in the last 12 months. Reported Earnings • Jul 31
Second quarter 2021 earnings released: US$0.97 loss per share (vs US$1.93 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$1.51b (up 22% from 2Q 2020). Net loss: US$62.6m (down 150% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 11
Executive VP & Chief Investment Officer recently sold €435k worth of stock On the 7th of May, John Boschelli sold around 7k shares on-market at roughly €65.06 per share. In the last 3 months, there was an even bigger sale from another insider worth €831k. Insiders have been net sellers, collectively disposing of €2.9m more than they bought in the last 12 months. Reported Earnings • May 01
First quarter 2021 earnings released: EPS US$1.88 (vs US$0.96 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.36b (up 18% from 1Q 2020). Net income: US$123.2m (up 93% from 1Q 2020). Profit margin: 9.1% (up from 5.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 09
New 90-day high: €67.50 The company is up 5.0% from its price of €64.50 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €131 per share. Recent Insider Transactions • Mar 06
Insider recently sold €831k worth of stock On the 2nd of March, Mark Green sold around 13k shares on-market at roughly €63.89 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Recent Insider Transactions • Feb 11
Independent Director recently bought €117k worth of stock On the 4th of February, David Storch bought around 2k shares on-market at roughly €58.55 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €1.6m more in shares than they bought in the last 12 months. Reported Earnings • Feb 03
Full year 2020 earnings released: EPS US$6.25 (vs US$8.04 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$5.23b (up 4.1% from FY 2019). Net income: US$409.9m (down 23% from FY 2019). Profit margin: 7.8% (down from 11% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to grow 2.4%, compared to a 16% growth forecast for the Insurance industry in Germany. Is New 90 Day High Low • Jan 08
New 90-day high: €65.50 The company is up 16% from its price of €56.50 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Insurance industry, which is also up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €124 per share. Announcement • Jan 06
Kemper Corporation Appoints Ismat Aziz as Chief Human Resources Officer Kemper Corporation announced that Ismat Aziz has joined the company as Chief Human Resources Officer (CHRO) and Chief Administrative Officer. Aziz will report to Joseph P. Lacher, Jr., Kemper President and CEO, and will be based at Kemper’s headquarters office in Chicago. Aziz will be responsible for Kemper’s compensation and benefits, talent acquisition, talent management, employee relations, and learning and development. She will also have oversight for diversity, equity and inclusion, communications, branding and corporate philanthropy. Aziz most recently serving at U.S. Bank as Chief Advocacy Officer and prior to that, CHRO, where she was responsible for the human capital strategy including talent acquisition and development, performance management, compensation and benefits, and employee relations. Aziz will take on the CHRO role from Christine Mullins, who previously announced her retirement. After their transition, Mullins will remain at Kemper working on special projects. Announcement • Dec 17
Kemper Corporation Names Tim Stonehocker as President of Kemper Life Kemper Corporation announced that Tim Stonehocker has joined the company as President of Kemper Life, effective December 15, 2020. Stonehocker will report to Erich Sternberg, President of Kemper’s Life & Health Division, and will be based at Kemper’s headquarters office in Chicago. Stonehocker is a 30-year veteran of the insurance industry, with 20+ years at Aegon Americas in various roles including President and CEO of AEGON Americas Life Protection Group, President and CEO of AEGON Financial Partners, and President and CEO of World Financial Group. More recently, he was Executive Vice President of Ameritas Life Insurance Corp. Is New 90 Day High Low • Dec 12
New 90-day high: €65.00 The company is up 7.0% from its price of €60.50 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Insurance industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €128 per share. Announcement • Nov 24
Kemper Corporation (NYSE:KMPR) has entered into a definitive agreement to acquire American Access Casualty Company and Newins Insurance Agency Holdings, LLC from American Access Group, LLC for $370 million. Kemper Corporation (NYSE:KMPR) has entered into a definitive agreement to acquire American Access Casualty Company and Newins Insurance Agency Holdings, LLC from American Access Group, LLC for $370 million on November 22, 2020. American Access Casualty Company and Newins Insurance Agency Holdings, LLC to join the Kemper team. The transaction is subject to regulatory approval and other customary closing conditions. The transaction is expected to close in the first quarter of 2021. The transaction is expected to be accretive to Kemper’s earnings per share and return on tangible common equity in the first year, excluding value of business acquired and one-time items, and result in high single-digit EPS accretion in the second year, excluding restructuring and one-time items. Sidley Austin LLP served as legal counsel for Kemper. Piper Sandler & Co acted as financial advisor to American Access Casualty Company and Newins Insurance Agency Holdings, LLC and Winston & Strawn LLP served as legal counsel for American Access Casualty Company and Newins Insurance Agency Holdings, LLC. Reported Earnings • Nov 04
Third quarter 2020 earnings released: EPS US$1.87 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$1.35b (up 8.9% from 3Q 2019). Net income: US$122.3m (down 4.9% from 3Q 2019). Profit margin: 9.0% (down from 10% in 3Q 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 2.4%, compared to a 16% growth forecast for the Insurance industry in Germany. Announcement • Nov 03
Kemper Corporation Names Stuart Parker to Board of Directors Kemper Corporation announced that its board of directors has elected former USAA CEO Stuart Parker as a director. Parker served as Chief Executive Officer for USAA from 2015 until his retirement in February 2020. He spent more than 21 years with USAA in roles including Chief Operating Officer, Chief Financial Officer, President of the Property & Casualty Insurance Group, and President of Financial Planning Services. Parker will be a member of the board’s Audit Committee, and his appointment expands the board to 11 directors, nine of whom are independent. Is New 90 Day High Low • Oct 21
New 90-day low: €54.00 The company is down 19% from its price of €67.00 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €115 per share. Announcement • Oct 16
Kemper Corporation to Report Q3, 2020 Results on Nov 02, 2020 Kemper Corporation announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 02, 2020