Core Insights - Kemper reported revenue of $1.23 billion for the quarter ended June 2025, reflecting an 8.9% increase year-over-year, and EPS of $1.30, down from $1.42 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $1.22 billion by 0.34%, while the EPS fell short of the consensus estimate of $1.52 by 14.47% [1] Financial Performance Metrics - Total Incurred Loss and LAE Ratio for Specialty Property & Casualty Insurance - Commercial Automobile was 72.4%, better than the average estimate of 74% [4] - Total Incurred Loss and LAE Ratio for Specialty Property & Casualty Insurance - Personal Automobile was 80.4%, compared to the average estimate of 72.4% [4] - Net investment income was reported at $95.9 million, below the average estimate of $104.91 million, representing a year-over-year increase of 3.1% [4] - Earned Premiums for Specialty Property & Casualty Insurance totaled $1.01 billion, exceeding the average estimate of $991.78 million, with a year-over-year change of 17.2% [4] - Earned premiums for Life and Health Insurance were $100.5 million, slightly below the average estimate of $101.6 million, showing a year-over-year decrease of 0.3% [4] - Earned Premiums for Specialty Property & Casualty Insurance - Commercial Automobile reached $221.5 million, surpassing the average estimate of $215.67 million, marking a 29.5% increase year-over-year [4] - Earned Premiums for Specialty Property & Casualty Insurance - Personal Automobile were $789.3 million, exceeding the average estimate of $773.66 million, with a year-over-year change of 14.1% [4] - Other income was reported at $3.1 million, below the average estimate of $3.8 million, with a year-over-year change of 3000% [4] - Net investment income for Life and Health Insurance was $44.7 million, below the average estimate of $49.9 million, reflecting a year-over-year increase of 46.6% [4] Stock Performance - Kemper's shares have returned -3.4% over the past month, while the Zacks S&P 500 composite increased by 1% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Financial Data and Key Metrics Changes - CNO Financial Group reported operating earnings per diluted share of $0.87, benefiting from favorable insurance product margins and solid investment results [7][22] - Book value per diluted share, excluding AOCI, increased by 6% to $38.5 [8] - The company returned $117 million to shareholders in the quarter and $234 million year-to-date [8][22] - Operating return on equity was 11.8% to 12.1% on a trailing twelve-month basis, with a target of around 10.5% for the full year 2025 [23][29] Business Line Data and Key Metrics Changes - The Consumer division achieved record total new annualized premiums of $120 million, up 17%, with double-digit growth in both divisions [7][10] - Annuity collected premiums surpassed $500 million for the first time in a single quarter, driven by 19% growth [11] - Life and Health NAP posted double-digit growth of 17%, with total life insurance up 20% and direct-to-consumer life insurance sales up 29% [13][14] - Worksite life and health NAP increased by 16%, with life insurance sales up 54% [17][18] Market Data and Key Metrics Changes - Client assets in brokerage and advisory rose by 27% to $4.6 billion, with new accounts up 13% [12] - The market value of invested assets grew by 5% in the quarter, with 96% of the fixed maturity portfolio rated investment grade [28] Company Strategy and Development Direction - CNO aims to serve the growing needs of the middle-income market with diverse products and distribution channels [31] - The company is focused on improving return on equity and delivering consistent, repeatable results [31][32] - Investments in technology are enhancing customer experience and operational efficiency [17][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustained profitable growth and the ability to navigate the evolving economic environment [31][32] - The company anticipates continued strong sales momentum and improved profitability in the second half of the year [31] Other Important Information - CNO reaffirmed its 2025 guidance, lowering the upper bound of the expense ratio range to 19.2% from 19.4% [29] - The company is engaged in discussions with regulators regarding opportunities with its Bermuda operation [97][98] Q&A Session Summary Question: Can you provide more color on the momentum from the web digital piece of direct-to-consumer sales? - Management noted strong growth in direct-to-consumer sales, particularly from web and digital channels, which were up 39% year-over-year [36][37] Question: Can you discuss the expense experience in the quarter and the change in guidance? - Management indicated that expenses were generally in line with expectations, with a better expense ratio reflecting improved operating leverage [52] Question: What is the claims experience for long-term care? - Management reported a continuation of favorable claims experience, with expectations for LTC claims to trend closer to pre-COVID levels [54] Question: How diversified is the mix of carriers for Medicare Advantage? - Management confirmed a diversified mix of about 20 carriers, with no concentration risk, and expressed confidence in the demand for both Medicare Supplement and Medicare Advantage products [66][68] Question: What is the outlook for annuity sales and spreads? - Management indicated that while strong sales are expected to continue, comparable conditions may become tougher, and spreads have remained stable [70][73]

Core Insights - Kemper reported revenue of $1.19 billion for the quarter ended March 2025, reflecting a 5% increase year-over-year, while EPS rose to $1.65 from $1.07 in the previous year [1] - The revenue fell short of the Zacks Consensus Estimate of $1.23 billion, resulting in a surprise of -3.56%, whereas the EPS exceeded expectations by +11.49% against a consensus estimate of $1.48 [1] Financial Performance Metrics - Total Incurred Loss and LAE Ratio for Specialty Property & Casualty Insurance - Commercial Automobile was reported at 76.9%, higher than the estimated 74.9% [4] - Total Incurred Loss and LAE Ratio for Specialty Property & Casualty Insurance - Personal Automobile was reported at 69.9%, better than the estimated 72% [4] - Earned premiums for Life and Health Insurance were $99.70 million, surpassing the average estimate of $97.26 million, marking a year-over-year increase of +2.5% [4] - Earned Premiums for Specialty Property & Casualty Insurance were $962.20 million, below the average estimate of $980.22 million, but showing a year-over-year increase of +14.6% [4] - Net investment income for Specialty Property & Casualty Insurance was $101.20 million, lower than the estimated $106.71 million, with a year-over-year change of +0.8% [4] - Net investment income for Life and Health Insurance was $48.40 million, exceeding the estimate of $46.75 million, reflecting a +9.3% year-over-year change [4] - Earned Premiums for Personal Automobile within Specialty Property & Casualty Insurance were $753.70 million, below the estimate of $789.32 million, with a year-over-year increase of +11.6% [4] - Earned Premiums for Commercial Automobile within Specialty Property & Casualty Insurance were $208.50 million, slightly above the estimate of $202.42 million, showing a significant year-over-year increase of +26.6% [4] - Total revenues for Life and Health Insurance were $148.80 million, surpassing the estimate of $144.04 million, indicating a +4.9% year-over-year change [4] - Other Income for Specialty Property & Casualty Insurance was $1.30 million, exceeding the estimate of $1.15 million, with a year-over-year increase of +18.2% [4] - Net Investment Income for Specialty Property & Casualty Insurance was $50.50 million, slightly below the estimate of $51.32 million, reflecting a year-over-year increase of +22.9% [4] - Overall earned premiums were reported at $1.09 billion, below the two-analyst average estimate of $1.12 billion, with a year-over-year change of +5.4% [4] Stock Performance - Kemper's shares have returned +9.1% over the past month, compared to a +10.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]