Lumida
/KMPR
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Kemper Corp

Kemper Corp

KMPR
$28.02USD↓-0.64%-0.18 today

MARKET CAP

1.6B

P/E (TTM)

13.4x

FWD P/E

7.2x

DAY RANGE

$28 – $29

52W RANGE

$23
$62

AI Summary

Stalk
Buy NowMedium

Stage 1 consolidation with mean reversion eligibility underpins a bullish medium-term bias. The active Lockout Rally pattern highlights forced participation driving upside repricing beyond mechanical accumulation. Price is finding support on pullbacks into rising 9 EMA and 21 EMA, offering a timely entry zone. Despite tactical bullish conditions, the long-term downtrend remains intact, tempering broader conviction around a secular reversal.

  • ↑Adjusted net operating income of $34.6M ($0.59/sh) in Q1 shows operational strength
  • ↑Identified $60M in run-rate savings through restructuring to boost efficiency
  • ↓California personal auto combined ratio at 105% due to elevated claims costs
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The case for & against

Bull & Bear analysis

Bearish

Kemper Corporation (NYSE: KMPR) is a specialty insurer with a unique focus on providing affordable, personalized auto and life insurance solutions. The company operates primarily in underserved markets, positioning itself in the specialty insurance space. With a strategic emphasis on disciplined underwriting and risk management, Kemper is navigating a competitive and regulatory landscape characterized by rising claims costs and heightened market pressures, particularly in California and Florida.

Bull says

  • ↑Adjusted net operating income of $34.6M ($0.59/sh) in Q1 shows operational strength
  • ↑Identified $60M in run-rate savings through restructuring to boost efficiency
  • ↑Commercial auto written premiums exceeded $1B, up 10% YoY
  • ↑Implemented 6.9% rate increase on two-thirds of California personal auto book
  • ↑Florida segment achieved 4.9% sequential policy growth with a 93.7% combined ratio
  • ↑High earnings yield, book-to-price above 1, healthy liquidity and manageable leverage support undervaluation

Bear says

  • ↓California personal auto combined ratio at 105% due to elevated claims costs
  • ↓Negative growth indicators suggest challenges expanding revenue and restoring profits
  • ↓Reliance on regulatory approval for rate hikes exposes earnings to delay risk
  • ↓RBC ratio near 225% raises liquidity and capital allocation concerns
  • ↓Weak profitability and momentum factors highlight execution and performance headwinds
  • ↓Q1 revenue fell 2% YoY to $1.7B amid profit limit refunds and high loss costs

Investment themes with KMPR

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM
Buybacks↑ +0.48%

Companies repurchasing their own shares

C · JCI · WFC
L&H Insurance↑ +0.32%

PGR · TRV · ALL

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-12-2026neutral

Transcript signals

Bull points

  • we are beginning to see favorable offsets with modest reductions in liability severity.
  • we're seeing early signs that the California market is becoming more favorable, with carriers across the industry both filing for rate and taking non-rate actions to restore profitability.
  • The product tuning actions we took late last year are having the intended effect. We are seeing growth in policies in force, and importantly, that growth is coming through at attractive profitability levels.

Bear points

  • California personal auto was a distinct challenge in the quarter.
  • We continue to see elevated liability loss costs driven by broader legal system dynamics.
  • california personal auto
Read full transcript analysis ›