Kemper swings to Q2 FY26 net loss of USD 464.8 million; revenue falls 10.84% to USD 1.09 billion
Reuters2026/08/05 20:46- Kemper posted a GAAP net loss of $464.8 million, or $(7.90) per share, versus net income of $72.6 million, or $1.12, a year earlier.
- Results included a $460 million non-cash goodwill impairment; management said it has no impact on liquidity, statutory capital, or debt covenant compliance.
- Non-GAAP adjusted consolidated net operating income fell to $26.3 million, or $0.45 per share, from $84.1 million, or $1.30, a year earlier.
- Revenue slid 10.84% to $1.09 billion, on lower Specialty Personal Automobile volumes and higher impairment losses, partly offset by higher Commercial Auto volumes.
- CEO Stephen J. McAnena cited sequential improvement in underlying performance, pointing to better Personal Auto profitability and stable Life operating earnings.
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