Kemper Earnings: Everything You Must Know Now

Kemper Corporation (NYSE:KMPR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Kemper Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 78.57% to $1.00 in the quarter versus EPS of $0.56 in the year-earlier quarter.

Revenue: Rose 0.77% to $615.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kemper Corporation reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.53. It beat the average revenue estimate of $589.43 million.

Quoting Management: “We are pleased with Kemper’s results in the first quarter, as net operating income per share increased 29 percent year-over-year,” said Donald G. Southwell, Kemper’s Chairman, President and Chief Executive Officer. “The overall property and casualty group’s underlying combined ratio improved 3 percentage points based on our strategic actions to implement rate increases, tighten underwriting and reduce expenses. Higher than planned retention and favorable reserve development led Kemper Direct to positive results in the first quarter of 2013. We continue to expect positive earnings from the run-off as we implement rate increases and further optimize operations.”

Key Stats (on next page)…

Revenue increased 3.23% from $596.6 million in the previous quarter. EPS increased to $1.00 in the quarter versus EPS of $-0.06 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.36 to a profit $0.32. For the current year, the average estimate has moved down from a profit of $2.06 to a profit of $1.76 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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