Kemper Q1 operating profits fall 46% as cat claims cost the carrier $22mn
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Kemper Q1 operating profits fall 46% as cat claims cost the carrier $22mn

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Kemper Insurance reported a 46% year-on-year dip in operating profits for the first quarter of 2021, as natural catastrophe claims weighed on the company’s results.

Net operating profits declined to $87.2mn, or $1.31 per share, for the period, down from $162.9mn, or $2.43 per share, during the same period last year.

The

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