In its preliminary results for the fourth quarter of 2023, Kemper has announced an estimated net income and adjusted consolidated net operating income between $45 million and $55 million.
According to the firm, net income includes approximately $15 million of after-tax net realized gains on investments offset by approximately $14 million of after-tax costs primarily related to the company’s ongoing cost structure optimization efforts.
As per Kemper, pre-tax catastrophe losses for the fourth quarter of 2023 were approximately $3 million.
In Kemper Life, after-tax income was approximately $15 million.
In addition, the preliminary Q4 recorded combined ratio for Kemper Auto (Specialty P&C) is estimated at 98.5%.
Kemper said that after the markets close on Thursday, February 1, it will issue its Q4 2023 earnings release and financial supplement.
Looking back at their Q3 2023 results, Kemper posted a net loss of $146.3 million, compared to a net loss of $74.8 million for the third quarter of 2022.
