Kemper swings to Q1 net loss of $1.7 million as California auto losses weigh
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.