Kemper
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Kemper’s current results and historical trends suggest continued difficulty and remains a TBD story. -
As the market hardens, Kemper plans to “open the filters and see what comes through” as another quarter of rate earns in, CEO Joseph Lacher told analysts on Monday.
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The Inside P&C news team runs you through the earnings results for the day.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The company expects a net loss of between $140mn-$150mn for the quarter and a net operating loss in the range of $25mn-$35mn.
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Allstate’s underperformance in results and value creation may be an opportunity for activist investor Trian, but history suggests it will have its work cut out.
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In his stead, the company has named Bradley Camden as interim CFO and initiated a formal search process as part of the selection of a permanent CFO.
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In tandem, the carrier initiated a formal search process as part of the selection of a permanent CFO.
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The affirmations reflect Kemper’s recent rate increases in California and its exit of the preferred home and auto insurance market to redeploy capital to the carrier’s core segments.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The segment will now be a non-core part of the business and will no longer be reflected in future reporting, Lacher told analysts on the carrier’s Q2 earnings call on Monday.
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The Inside P&C news team runs you through the earnings results for the day.
