Compared to Estimates, Kemper (KMPR) Q3 Earnings: A Look at Key Metrics

Core Insights - Kemper reported $1.18 billion in revenue for Q3 2024, a year-over-year decline of 3.7%, but exceeded the Zacks Consensus Estimate of $1.12 billion by 5% [1] - The company achieved an EPS of $1.62, a significant improvement from -$0.44 a year ago, resulting in an EPS surprise of 24.62% against the consensus estimate of $1.30 [1] Revenue and Earnings Performance - Specialty Property & Casualty Insurance - Commercial Automobile Insurance incurred loss and LAE ratio was 74.9%, slightly above the average estimate of 74.2% [3] - Specialty Property & Casualty Insurance - Personal Automobile Insurance incurred loss and LAE ratio was 69.4%, better than the average estimate of 71.5% [3] - Life and Health Insurance earned premiums were $100.60 million, exceeding the average estimate of $98.29 million, representing a year-over-year decline of 1.5% [3] - Specialty Property & Casualty Insurance earned premiums totaled $919 million, surpassing the average estimate of $858.84 million, reflecting a year-over-year increase of 3.2% [3] - Net investment income was reported at $111.10 million, exceeding the average estimate of $99.24 million, with a year-over-year increase of 36.2% [3] - Specialty Property & Casualty Insurance other income was $1.40 million, slightly above the estimated $1.10 million, but down 12.5% year-over-year [3] - Personal Automobile earned premiums were $731.30 million, exceeding the estimate of $687.91 million, with a year-over-year increase of 1% [3] - Commercial Automobile earned premiums were $187.70 million, surpassing the estimate of $178.96 million, reflecting a year-over-year increase of 12.8% [3] - Specialty Property & Casualty Insurance total revenue was $972.60 million, exceeding the average estimate of $915.42 million, with a year-over-year increase of 4% [3] - Overall earned premiums were $1.07 billion, above the average estimate of $1.02 billion, but down 4.4% year-over-year [3] - Life and Health Insurance net investment income was $50.30 million, exceeding the estimate of $38 million, with a year-over-year increase of 1.8% [3] Stock Performance - Kemper shares returned 4.6% over the past month, outperforming the Zacks S&P 500 composite's 1.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]