KMPB

MKT CAP:$1B

Kemper Corporation 5.875% Fixed

Market Cap

$1B

Financial Services·Insurance - Property & Casualty·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$23.78+$0.33 (+1.41%)

Apr 17, 2026

Company Details

Kemper Corp. is a holding company, which engages in the property and casualty insurance, and life and health insurance businesses. It operates through the following segments: Specialty Property and Casualty Insurance, Preferred Property and...

CEO

Joseph P. Lacher

IPO Date

Mar 16, 2022

Website

www.kemper.com

Key Metrics TTM

Revenue

$4.6B

-9.7% YoY

Net Income

$190M

EPS (Diluted)

$2.92

Free Cash Flow

$154M

Revenue / Share

$78.16

Gross Margin

9.6%

Operating Margin

5.0%

Net Margin

4.1%

FCF Margin

3.3%

P/S

0.3x

P/E

7.4x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 11, 2026

$4.8BEPS $2.29

Q4 2025

Feb 11, 2026

$1.1BEPS -$0.14

Q2 2024

Aug 5, 2024

$1.1B-9.2%EPS $1.16

Q1 2024

May 1, 2024

$1.1B-11.6%EPS $1.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$1.3B	$288M	$152M
Q4 20	$1.4B	$334M	$121M
Q1 21	$1.3B	$263M	$122M
Q2 21	$1.5B	$73M	-$90M
Q3 21	$1.4B	$36M	-$130M
Q4 21	$1.5B	-$13M	-$147M
Q1 22	$1.3B	$36M	-$116M
Q2 22	$1.4B	$42M	-$95M
Q3 22	$1.4B	$85M	-$88M
Q1 23	$1.3B	$88M	-$104M
Q2 23	$1.3B	$99M	-$116M
Q3 23	$1.2B	$60M	-$191M
Q4 23	$1.2B	$221M	$64M
Q1 24	$1.1B	-$22M	$87M
Q2 24	$1.1B	-$37M	$92M
Q4 25	$1.1B	$281M	-$14M

Valuation

Quarter	P/S	P/E
Q3 20	0.9x	10.2x
Q4 20	1.0x	12.3x
Q1 21	1.0x	11.2x
Q2 21	0.9x	16.9x
Q3 21	0.8x	52.4x
Q4 21	0.7x	—
Q1 22	0.6x	—
Q2 22	0.5x	—
Q3 22	0.5x	—
Q1 23	0.7x	—
Q2 23	0.6x	—
Q3 23	0.5x	—
Q4 23	0.6x	—
Q1 24	0.8x	—
Q2 24	0.8x	73.5x
Q4 25	0.5x	13.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	-$13M	-$19M
Q4 20	$197M	$190M
Q1 21	$141M	$131M
Q2 21	$97M	$81M
Q3 21	$70M	$52M
Q4 21	$43M	$29M
Q1 22	-$18M	-$34M
Q2 22	-$72M	-$80M
Q3 22	-$80M	-$84M
Q1 23	$5M	-$5M
Q2 23	-$71M	-$87M
Q3 23	-$39M	-$52M
Q4 23	-$31M	-$46M
Q1 24	$43M	$28M
Q2 24	$23M	$5M
Q4 25	$175M	$166M

Capital Expenditures

Quarter	CapEx
Q3 20	$7M
Q4 20	$7M
Q1 21	$9M
Q2 21	$16M
Q3 21	$18M
Q4 21	$14M
Q1 22	$16M
Q2 22	$8M
Q3 22	$3M
Q1 23	$10M
Q2 23	$15M
Q3 23	$14M
Q4 23	$15M
Q1 24	$15M
Q2 24	$18M
Q4 25	$9M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+8.6%	+10.7%
Q4 20	+7.2%	+11.4%
Q1 21	+8.3%	+5.0%
Q2 21	+18.8%	+44.6%
Q3 21	+6.7%	+31.3%
Q4 21	+6.2%	+28.2%
Q1 22	+1.8%	+21.7%
Q2 22	-6.2%	-5.6%
Q3 22	-5.6%	-7.8%
Q1 23	-11.2%	-12.9%
Q2 23	-7.1%	-6.5%
Q3 23	-14.0%	-6.6%
Q4 23	-12.8%	-22.5%
Q1 24	-11.6%	-24.4%
Q2 24	-9.2%	-23.6%
Q4 25	-4.5%	-16.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q4 20	$24M	1.8%
Q1 21	$200.0K	0.0%
Q2 21	$200.0K	0.0%
Q3 21	$200.0K	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q3 22	$0	0.0%
Q1 23	$200.0K	0.0%
Q2 23	$0	0.0%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q3 20	$75M
Q4 20	$147M
Q1 21	$85M
Q2 21	$82M
Q3 21	$85M
Q4 21	$88M
Q1 22	$87M
Q2 22	$91M
Q3 22	$94M
Q1 23	$94M
Q2 23	$75M
Q3 23	$156M
Q4 23	$88M
Q1 24	$85M
Q2 24	$82M

Revenue Segments

Quarter	Life and Health Insurance	Preferred Property & Casualty Insurance	Specialty Property & Casualty Insurance
Q3 20	$211M	$185M	$902M
Q4 20	$215M	$183M	$921M
Q1 21	$208M	$174M	$906M
Q2 21	$215M	$181M	$1.1B
Q3 21	$207M	$173M	$1.1B
Q4 21	$210M	$176M	$1.1B
Q3 22	$211M	$161M	$1.0B
Q1 23	$149M	$148M	$984M
Q2 23	$150M	$146M	$978M
Q3 23	$152M	$138M	$935M
Q1 24	$142M	$106M	$883M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$297M	$244M	$541M
Q2 22	$349M	$230M	$579M
Q3 22	$249M	$357M	$606M
Q4 22	$212M	$7.2B	$7.4B
Q1 23	$61M	$423M	$483M
Q2 23	$74M	$7.4B	$7.4B
Q3 23	$112M	$419M	$531M
Q4 23	$64M	$523M	$587M
Q1 24	$127M	$525M	$651M
Q2 24	$107M	$544M	$651M
Q3 24	$57M	$721M	$778M
Q4 24	$65M	$1.1B	$1.1B
Q1 25	$115M	$577M	$692M
Q2 25	$177M	$423M	$600M
Q3 25	$107M	$389M	$496M
Q4 25	$126M	$328M	$454M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	67M	+0.9%	-0.9%
Q4 20	67M	+0.2%	-0.9%
Q1 21	64M	-3.5%	-3.7%
Q2 21	64M	-0.1%	-2.5%
Q3 21	64M	-1.2%	-4.5%
Q4 21	64M	+0.0%	-4.7%
Q1 22	64M	+0.1%	-1.1%
Q2 22	64M	+0.1%	-0.9%
Q3 22	64M	+0.1%	+0.4%
Q1 23	64M	+0.1%	+0.5%
Q2 23	64M	+0.1%	+0.4%
Q3 23	64M	+0.1%	+0.4%
Q4 23	65M	+0.8%	+1.1%
Q1 24	65M	+0.3%	+1.3%
Q2 24	65M	+0.2%	+1.4%
Q4 25	59M	-9.4%	-8.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$150.9K	9K
Q4 20	$144.2K	10K
Q1 21	$139.5K	10K
Q2 21	$155.4K	10K
Q3 21	$150.9K	10K
Q4 21	$141.2K	10K
Q1 22	$131.0K	10K
Q2 22	$134.4K	10K
Q3 22	$131.4K	10K
Q1 23	$135.9K	10K
Q2 23	$132.0K	10K
Q3 23	$125.2K	10K
Q4 23	$145.7K	8K
Q1 24	$141.0K	8K
Q2 24	$140.6K	8K
Q4 25	$153.5K	7K

Revenue / Employee