This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Kemper Corporation Reports Strong Second Quarter 2013 Earnings

Kemper Corporation (NYSE: KMPR) reported today net income of $34.0 million, or $0.59 per share, for the second quarter of 2013, compared to $2.3 million, or $0.04 per share, for the second quarter of 2012. Consolidated net operating income 1 was $31.7 million, or $0.55 per share, for the second quarter of 2013, compared to a consolidated net operating loss of $0.8 million, or $0.01 per share, for the second quarter of 2012.

  Three Months Ended   Six Months Ended
(Dollars in millions, except per share amounts) (Unaudited) Jun 30,2013   Jun 30,2012 Jun 30,2013   Jun 30,2012
Consolidated Net Operating Income (Loss) 1 $ 31.7 $ (0.8 ) $ 74.0 $ 32.6
Income from Continuing Operations 32.5 1.6 91.1 37.9
Net Income 34.0 2.3 92.4 45.9
Impact of Catastrophe Losses and Related Loss Adjustment Expense (LAE) on Net Income $ (17.6 ) $ (36.3 ) $ (24.8 ) $ (43.7 )
Basic Net Income (Loss) Per Share From:
Consolidated Net Operating Income (Loss) 1 $ 0.55 $ (0.01 ) $ 1.27 $ 0.54
Continuing Operations 0.56 0.03 1.57 0.63
Net Income 0.59 0.04 1.59 0.77
Impact of Catastrophe Losses and Related LAE on Net Income Per Share $ (0.30 ) $ (0.61 ) $ (0.43 ) $ (0.73 )

1 Consolidated net operating income (loss) is an after-tax, non-GAAP financial measure. See “Use of Non-GAAP Financial Measures” for additional information.

“We are pleased with Kemper's strong performance in the second quarter, as net operating income per share increased $0.56 year-over-year,” said Donald G. Southwell, Kemper's Chairman, President and Chief Executive Officer. “The overall property and casualty group's combined ratio improved nearly 15 percentage points from lower catastrophe losses, improved underlying results and higher favorable reserve development. The underlying combined ratio improved more than 5 percentage points resulting from our strategic actions to implement rate increases and tighten underwriting.”

1 of 9

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs