Kemper Corporation (NYSE: KMPR) announced today that it is reviewing strategic options for Kemper Direct, and that the segment will cease direct marketing activities.
The company also announced it estimates second quarter earnings will include approximately $55 million in pre-tax catastrophe losses.
Additionally, the company announced that it has scheduled a conference call for Tuesday, August 7, 2012 at 11:00 a.m. Eastern (10:00 a.m. Central) to discuss its second quarter 2012 financial results and the strategic changes underway. Kemper will issue its earnings release and financial supplement containing second quarter results on Monday, August 6, after the market closes.
“This strategic decision for the Kemper Direct business demonstrates our continued commitment to optimize our overall portfolio to best serve our targeted markets while we maximize shareholder returns,” said Donald G. Southwell, Kemper’s Chairman, President and Chief Executive Officer. “Although we will no longer seek sales to consumers via direct marketing, we are continuing fulfillment via the web, affinity groups and worksite arrangements while we evaluate the best options internally and externally for these channels.”The company will file its quarterly report on Form 10-Q with the Securities and Exchange Commission on August 6. Kemper’s Form 10-Q, earnings release and financial supplement will be available on the investors section of kemper.com. Kemper’s conference call will be accessible via the internet and by telephone. The phone number for Kemper’s August 7 conference call is 866.393.1565. To listen via webcast, register on-line at the investors section of kemper.com at least 15 minutes prior to the webcast to download and install any necessary software. A replay of the call will be available through August 22, 2012 at 855.859.2056 using conference identification number 10901631. About Kemper Kemper is a diversified insurance holding company with subsidiaries that provide an array of products to the individual and small business markets: