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Kemper (KMPR)

The Kemper family of companies is one of the nation's leading specialized insurers. With $14.3 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.2 million policies, is represented by more than 30,000 agents and brokers, and has 9,500 associates dedicated to meeting the ever-changing needs of its customers.

Company profile

Ticker
KMPR, KMPB
Exchange
Website
CEO
Joseph Lacher
Employees
Incorporated
Location
Fiscal year end
Former names
UNITRIN INC
SEC CIK
Subsidiaries
Accelerate Insurance Network, LLC • Access Insurance Agency of Arizona, LLC • Access Insurance Agency of Indiana, LLC • Access Insurance Agency of Nevada, LLC • Access Insurance Agency of South Carolina, LLC • Agencia de Seguros de Acceso, LLC • Alliance United Insurance Company • Alliance United Insurance Services, LLC • Alpha Property & Casualty Insurance Company • American Access Casualty Company ...
IRS number
954255452

KMPR stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
4 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
Vanguard Intl Equity
$112.05M 1.11M NEW
$75.63M 1.14M 1.21M -6.4
$7.89M 216.5K 216.5K 0
$418K 10K 467.36K -97.9
Vanguard Intl Equity Index F (TT WRLD ST ETF)
2.11M EXIT
131.31K EXIT
58.18K EXIT
112.36K EXIT
25.1K EXIT
22.63K EXIT
86.74K EXIT
20.53K EXIT
154.61K EXIT
113.46K EXIT
14.49K EXIT
11.9K EXIT
Vanguard Star FDS
35.25K EXIT
1.13K EXIT
3.32K EXIT
4.43K EXIT
1.71K EXIT
427 EXIT
118 EXIT
Holdings list only includes long positions. Only includes long positions.

Calendar

2 May 22
26 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 297.3M 297.3M 297.3M 297.3M 297.3M 297.3M
Cash burn (monthly) (no burn) 20.84M 27.5M 44.02M 6.07M (no burn)
Cash used (since last report) n/a 59.91M 79.05M 126.53M 17.44M n/a
Cash remaining n/a 237.39M 218.25M 170.77M 279.86M n/a
Runway (months of cash) n/a 11.4 7.9 3.9 46.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
4 May 22 Cochran George N Common Stock Grant Acquire A No No 0 2,525 0 22,606.05
4 May 22 Joyce Robert Joseph Common Stock Grant Acquire A No No 0 2,525 0 19,898
4 May 22 Stuart B. Parker Common Stock Grant Acquire A No No 0 2,525 0 30,219
4 May 22 Whiting Susan D Common Stock Grant Acquire A No No 0 2,525 0 10,098
4 May 22 Canida Teresa Alvarez Common Stock Grant Acquire A No No 0 2,525 0 18,588
0.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1 1
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 1 1
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Huntington National Bank 1 $0 0.0%
Largest transactions Shares Bought/sold Change
Huntington National Bank 1 0 0.0%

Financial report summary

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Risks
  • Estimating losses and LAE for determining property and casualty insurance reserves is inherently uncertain, and the Company’s results of operations may be materially impacted if the Company’s insurance reserves are insufficient.
  • If the Company is unable to charge competitive yet profitable rates to its customers, the Company’s business, results of operations and financial condition could be materially and adversely affected.
  • Catastrophe losses could materially and adversely affect the Company’s results of operations, liquidity and/or financial condition.
  • Changes in the availability and cost of catastrophe reinsurance and in the ability of reinsurers to meet their obligations could result in Kemper’s insurance subsidiaries retaining more risk and could adversely and materially affect the Company’s results of operations, financial condition and/or liquidity.
  • The extent to which Kemper’s insurance subsidiaries can manage their catastrophe exposure through underwriting strategies may be limited by law or regulatory action and could adversely and materially affect the Company’s results of operations, financial condition and/or liquidity.
  • A downgrade in the ratings of Kemper or its insurance subsidiaries below A- could materially and adversely affect the Company.
  • The insurance industry is highly competitive, making it difficult to grow profitability and within expectations of investors.
  • Kemper’s insurance subsidiaries are subject to significant regulation, and the evolving legal and regulatory landscape in which they operate could result in increased operating costs, reduced profitability and limited growth.
  • Kemper has a significant concentration of personal automobile insurance business in California and Florida, and negative developments in the regulatory, legal or economic conditions in these states may adversely affect the Company’s profitability.
  • Legal and regulatory proceedings are unpredictable and could produce one or more unexpected outcomes that could materially and adversely affect the Company’s financial results for any given period.
  • Changes in the availability of insurance coverage or in the ability of insurers to meet their obligations could result in the Company being exposed to significant losses.
  • Failure to protect against system security breaches that compromise personal data held by the Company or its business partners could result in business interruption, legal and consulting fees, regulatory penalties, litigation, lost business, reputational harm, and other liabilities and expenses.
  • If Kemper is unable to send or accept electronic payments, our business and financial results could be adversely affected.
  • Failure to maintain the availability of critical systems could result in business interruption, lost business, reputational harm, penalties and other costs.
  • Technology initiatives could present significant economic and competitive challenges to the Company. Failure to complete and implement such initiatives in a timely manner could result in the loss of business and incurrence of internal use software development costs that may not be recoverable.
  • The determination of the fair values of the Company’s investments and whether a decline in the fair value of an investment is other-than-temporary are based on management’s judgment and may prove to be materially different than the actual economic outcome.
  • The ability of Kemper to service its debt, pay dividends to its shareholders and/or fund targeted transactions may be materially impacted by lack of timely and/or sufficient dividends received from its subsidiaries.
  • The expected benefits and synergies from mergers, acquisitions and/or divestitures may not be realized to the extent anticipated or within the anticipated time frames.
  • The impact of the COVID-19 pandemic and related economic conditions have had and could continue to have a material effect on Kemper’s results of operations, financial position and/or liquidity.
Management Discussion
  • The Specialty Property & Casualty Insurance segment reported a Segment Net Operating Loss of $44.7 million for the three months ended March 31, 2022, compared to Segment Net Operating Income of $80.1 million for the same period in 2021. Segment Net Operating Income decreased by $124.8 million due primarily to an increase in underlying losses and LAE as a percentage of earned premiums related to higher claim frequency and severity trends. Underlying losses and LAE exclude the impact of catastrophes and loss and LAE reserve development.
  • Earned Premiums in the Specialty Property & Casualty Insurance segment increased by $144.0 million for the three months ended March 31, 2022, compared to the same period in 2021, driven by the acquisition of AAC and higher average earned premium per exposure resulting from rate increases associated with higher loss trends. Policies-in-force were lower in Private Passenger Auto, excluding AAC, as a result of ongoing profit improvement actions.
  • Net Investment Income in the Specialty Property & Casualty Insurance segment decreased by $0.1 million for the three months ended March 31, 2022, compared to the same period in 2021, due primarily to lower return from Alternative Investments, partially offset by higher levels of investments and rate on Company-Owned Life Insurance, and higher levels of investments in fixed income securities.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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