Every material Form 8-K Kemper has filed with the SEC since February 05, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Kemper Corporation said on October 28, 2026 that it expects third quarter 2026 net income of about $52 million, or $0.88 per diluted share, compared with a net loss of $465 million, or $7.90 per share, in the second quarter, which included a $460 million goodwill impairment. The preliminary figures show higher operating earnings and an improved Specialty Auto combined ratio, and the company said it still has more work to do. Complete third quarter results are scheduled for November 9, 2026.
Net income expected at about $52 million, or $0.88 per diluted share, versus a net loss of $465 million, or $7.90 per share, in Q2 2026.
Adjusted Consolidated Net Operating Income expected at about $60 million, or $1.01 per diluted share, versus $26 million, or $0.45 per share, in Q2 2026.
Specialty Auto combined ratio expected at about 99.2%, down from 104.0% in Q2 2026, including about $23 million of favorable prior-year reserve development.
Complete Q3 results due Monday, November 9, 2026; conference call Tuesday, November 10, 2026, at 7:00 a.m. Central.
Kemper Corporation reported a second quarter 2026 net loss of $464.8 million, or $7.90 per share, compared with net income of $72.6 million, or $1.12 per diluted share, a year earlier. The loss reflects a non-cash goodwill impairment of $460 million, which the company says does not affect its cash generation, statutory capital, holding company liquidity or debt covenant compliance. Adjusted net operating income fell to $26.3 million, or $0.45 per share, from $84.1 million, or $1.30 per share.
Q2 2026 net loss of $464.8 million, or $7.90 per share, versus net income of $72.6 million, or $1.12 per diluted share, in Q2 2025
Goodwill impairment of $460 million, described as non-cash
Adjusted net operating income of $26.3 million, or $0.45 per share, versus $84.1 million, or $1.30 per share, a year earlier
Total revenues fell $132.9 million to $1,092.7 million, mainly due to lower Specialty Personal Automobile volumes and higher impairment losses
Kemper Corporation disclosed that Matthew A. Hunton, Executive Vice President and President of Kemper Auto, will leave his role effective August 3, 2026. The company describes the departure as a termination without cause, making Mr. Hunton eligible for benefits under its existing Executive Severance Plan.
Matthew A. Hunton, EVP and President, Kemper Auto, departs effective August 3, 2026
Company determined the departure on July 20, 2026; termination is without cause
Hunton eligible for benefits under the Kemper Corporation Executive Severance Plan, described in the May 27, 2026 8-K
Filing also includes Item 9.01 listing only an Inline XBRL cover page exhibit
Kemper Corporation appointed Stephen J. McAnena as President and Chief Executive Officer and a board member, effective June 1, 2026, replacing Interim CEO C. Thomas Evans, Jr., who returns to his role as Executive Vice President, Secretary, and General Counsel. The board also added Anthony J. DeSantis as a non-employee director, and the filing describes a new Executive Severance Plan covering key management.
McAnena, 54, was previously Executive Vice President and Chief Operating Officer at Horace Mann Educators Corporation from May 2023 to March 1, 2026.
McAnena's offer letter sets an annual base salary of $1,000,000 and a target bonus of 150% of base salary, plus equity awards with an aggregate target grant date value of $3,500,000.
DeSantis joins the board effective June 1, 2026, and was appointed to the Audit and Risk Committees.
The Executive Severance Plan was adopted May 21, 2026, and covers the new CEO, executive vice presidents, and named executive officers.
Kemper reported a first-quarter 2026 net loss of $1.7 million, or $(0.03) per share, compared with net income of $99.7 million, or $1.54 per diluted share, a year earlier. Adjusted consolidated net operating income fell to $12.5 million, or $0.21 per share, from $106.4 million, mainly due to higher claim severity and frequency in California personal auto. For shareholders, the quarter shows a sharp drop in earnings, with the company citing restructuring actions it expects to improve profitability.
Net loss of $1.7 million, or $(0.03) per diluted share, versus net income of $99.7 million, or $1.54 per diluted share, in Q1 2025.
Adjusted consolidated net operating income of $12.5 million, or $0.21 per share, versus $106.4 million, or $1.65 per share, a year earlier.
Total revenues of $1,107.2 million, down from $1,193.0 million; Specialty Personal Automobile underlying loss and LAE ratio rose to 87.7% from 70.1%.
Restructuring program has identified $60 million in run-rate savings, with $50 million already actioned.
Kemper Corporation reported a net loss attributable to shareholders of $8.0 million, or $(0.13) per diluted share, for the fourth quarter of 2025, compared with net income of $97.4 million, or $1.51 per diluted share, a year earlier. Adjusted net operating income fell to $14.6 million, or $0.25 per share, from $115.1 million, or $1.78 per share, with Specialty Property & Casualty results under pressure from bodily injury severity and a $35.0 million Florida Statutory Profit Limit Refund.
Q4 2025 total revenues fell $55.4 million to $1,131.4 million from the prior-year quarter.
Specialty Personal Automobile Underlying Combined Ratio was 110.0 percent, compared with 91.4 percent in Q4 2024.
Specialty Property & Casualty segment adjusted net operating income was $2.6 million, versus $101.2 million a year earlier.
Full-year 2025 net income was $143.3 million, or $2.29 per diluted share, down from $317.8 million, or $4.91, in 2024; C. Thomas Evans, Jr. is Interim CEO.
Kemper's former Chief Claims Officer for P&C, Duane A. Sanders, left his role effective October 22, 2025 and is serving as an executive advisor through December 31, 2025. The company terminated him without cause and entered a separation agreement with him on December 16, 2025, providing a cash severance of $2,025,000 among other benefits.
Sanders resigned as EVP and Chief Claims Officer, P&C effective October 22, 2025; advisory role runs through December 31, 2025.
Cash severance of $2,025,000 (1.5 times base salary plus target bonus), paid in a lump sum after the release becomes effective.
Benefits include 2025 short-term incentive eligibility, 18 months of employer-paid healthcare premiums, and 12 months of financial planning services, conditioned on a release and restrictive covenants.
Kemper's Human Resources and Compensation Committee approved retention awards on November 4, 2025 for three named executive officers, including the CFO, Chief Investment Officer and head of Kemper Auto. The awards are restricted stock units vesting in two equal halves over one and two years, and they follow recently announced leadership changes at the company. Shareholders should note the awards are meant to keep key executives in place during this transition.
Retention awards approved November 4, 2025 for Bradley T. Camden ($775,000), John M. Boschelli ($675,000) and Matthew A. Hunton ($775,000)
Camden is Executive Vice President and Chief Financial Officer; Boschelli is Executive Vice President and Chief Investment Officer; Hunton is Executive Vice President and President, Kemper Auto
Awards are restricted stock units; 50% vest on the first anniversary and 50% on the second anniversary of the grant date, subject to continued service
Grant date expected to be the first trading day in December 2025; the Interim CEO's separate award was disclosed in a November 7, 2025 Form 8-K/A
Kemper reported a third-quarter 2025 net loss of $21.0 million, or $(0.34) per share, compared with net income of $73.7 million, or $1.14 per diluted share, a year earlier. Revenue rose to $1,239.7 million, but Specialty Property & Casualty results weakened, and the company called the quarter disappointing and below its expectations.
Q3 2025 net loss of $21.0 million, or $(0.34) per share, versus net income of $73.7 million, or $1.14 per diluted share, in Q3 2024
Adjusted Consolidated Net Operating Income was $20.4 million, or $0.33 per diluted share, versus $105.0 million, or $1.62 per diluted share, a year earlier
Specialty P&C Underlying Combined Ratio rose to 99.6 percent from 91.3 percent; total revenues increased $60.8 million to $1,239.7 million
Repurchased about 5.1 million shares for about $266 million from July 1 through October 31, 2025
Kemper Corporation said Duane A. Sanders, its Executive Vice President and Chief Claims Officer, P&C, departs effective October 22, 2025, in a termination without cause. He will stay on as Executive Vice President, Executive Advisor until December 31, 2025, to help with the transition of his responsibilities. The company expects to sign a separation agreement with him, and its terms will be disclosed in a later Form 8-K.
Duane A. Sanders's departure as EVP and Chief Claims Officer, P&C, is effective October 22, 2025.
The company determined on October 20, 2025, that Sanders would leave; his termination without cause is dated October 22, 2025.
Sanders will serve as EVP, Executive Advisor until December 31, 2025; separation compensation has not yet been set and will be disclosed in a subsequent Form 8-K.
Kemper Corporation said CEO Joseph P. Lacher, Jr. left his role and resigned from the Board effective October 14, 2025, after the company terminated him without cause. The Board appointed director and General Counsel C. Thomas Evans, Jr. as interim CEO and started a search for a permanent CEO, which matters to shareholders because leadership is in transition and a permanent successor has not yet been named.
Lacher's departure and board resignation took effect October 14, 2025; he will serve as a non-executive advisor until December 31, 2025.
Evans, 66, joined Kemper in 1992 and became interim President and CEO effective October 14, 2025.
Lacher's separation agreement provides a cash severance equal to two times his base salary and target bonus, or $5.72 million.
Kemper plans to provide a financial update during its third quarter earnings call in early November.
Kemper entered into an accelerated share repurchase agreement with Goldman Sachs & Co. LLC and will pay $150 million on August 14, 2025, funded with cash on hand. The transaction is part of the company's previously announced $550 million share repurchase authorizations and is expected to be completed within about three months, with an initial delivery of 2,279,203 shares.
Kemper will pay $150 million to Goldman Sachs & Co. LLC on August 14, 2025, the same day it expects an initial delivery of 2,279,203 shares.
The final number of shares repurchased depends on the volume-weighted average price over the contract term, less a discount, and the company may receive additional shares or, in some cases, owe a cash payment at completion.
The program is expected to be completed in the fourth quarter of 2025, and the transaction is funded from cash on hand.
Goldman Sachs can terminate the transaction early after certain specified events, including major corporate transactions involving Kemper.
Kemper Corporation reported second quarter 2025 results on August 5, 2025. Total revenues rose $95.7 million year over year to $1,225.6 million, but net income attributable to Kemper shareholders fell to $72.6 million, or $1.12 per diluted share, from $75.4 million, or $1.16, a year earlier. Adjusted net operating income also declined, to $84.1 million, or $1.30 per diluted share, from $91.7 million, or $1.42.
Total revenues were $1,225.6 million, up $95.7 million from the second quarter of 2024, mainly from higher Specialty Property & Casualty earned premiums.
Net income attributable to Kemper was $72.6 million, or $1.12 per diluted share, versus $75.4 million, or $1.16, in the second quarter of 2024.
Specialty P&C underlying combined ratio was 93.6 percent, compared with 89.6 percent a year earlier, driven mainly by higher claim severity.
Parent liquidity was approximately $1.1 billion, and Kemper repurchased $80 million of stock between April 1 and July 31, 2025.
At its May 7, 2025 annual meeting, Kemper shareholders elected all ten director nominees, approved the Second Amended and Restated 2023 Omnibus Plan, and ratified Deloitte & Touche LLP as auditor for 2025. The plan increases the authorized common stock available for issuance by 625,000 shares, and shareholders also approved the executive pay package on an advisory basis.
All ten director nominees were elected at the May 7, 2025 annual meeting.
Advisory say-on-pay vote: 41,560,104 for, 9,178,483 against, 160,027 abstentions.
The Second A&R Plan increases authorized common stock for issuance by 625,000 shares.
Deloitte & Touche LLP ratified for 2025: 56,743,856 for, 1,240,522 against.
Kemper reported first-quarter 2025 net income of $99.7 million, or $1.54 per diluted share, up from $71.3 million, or $1.10, a year earlier. Adjusted net operating income rose to $106.4 million, or $1.65 per share, while total revenues increased $50.0 million to $1,193.0 million, driven by Specialty Property & Casualty earned premium growth. For shareholders, the filing shows higher earnings and a lower debt-to-capital ratio of 22.9%.
Net income $99.7 million ($1.54 diluted per share) vs. $71.3 million ($1.10) in Q1 2024
Adjusted net operating income $106.4 million ($1.65 per share) vs. $69.7 million ($1.07)
Specialty P&C underlying combined ratio improved to 92.2% from 93.6% a year earlier
Total revenues $1,193.0 million, up $50.0 million; book value per share $45.60 vs. $43.68 at year-end 2024
Kemper reported fourth-quarter 2024 net income of $97.4 million, or $1.51 per diluted share, up from $51.4 million, or $0.80 per share, a year earlier. Total revenues were flat at $1,186.8 million, down $0.4 million, as lower Non-Core Operations premiums offset higher Specialty Property & Casualty earned premiums. For shareholders, profit rose while revenue held steady.
Adjusted Consolidated Net Operating Income was $115.1 million, or $1.78 per diluted share, versus $50.5 million, or $0.78, in Q4 2023.
Specialty Property & Casualty Underlying Combined Ratio was 91.7% versus 98.2% a year earlier.
Parent liquidity was $1.3 billion; the company repurchased about $14 million of stock and is retiring $450 million of senior notes due February 2025.
Full-year 2024 net income was $317.8 million, or $4.91 per diluted share, compared with a net loss of $272.1 million in 2023.
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