CHICAGO--(BUSINESS WIRE)--
Kemper Corporation (NYSE: KMPR)
announced today that before the markets open on Monday, November 5,
2018, Kemper will issue its third quarter 2018 earnings release and
financial supplement and will also file its quarterly report on Form
10-Q with the Securities and Exchange Commission (the “SEC”). Following
their publication, these documents will be available on the investor
section of kemper.com.
Kemper will host its conference call to discuss third quarter 2018
results on Monday, November 5, 2018, at 4:15 p.m. Eastern (3:15 p.m.
Central). The conference call will be accessible via the internet and by
telephone at 844.826.3041.To listen via webcast, register
online at the investor section of kemper.com
at least 15 minutes prior to the webcast to install any necessary
software.
A replay of the webcast will be available online at the investor section
of kemper.com.
Kemper also announced today that it anticipates its third quarter 2018
results will include the following items, several of which are one-time
in nature:
-
A tax benefit of $20 million to $30 million as a result of an updated
analysis of certain provisional amounts recorded for the effect of the
Tax Cuts and Jobs Act on Kemper’s deferred income tax assets and
liabilities;
-
Pre-tax catastrophe losses of $20 million to $25 million, mainly
related to one wildfire and Hurricane Florence. The company does not
expect to recover any of the losses under its reinsurance programs;
-
Transaction and integration expenses of $15 million to $20 million
pre-tax in connection with the acquisition of Infinity Property and
Casualty Corporation on July 2, 2018. Kemper’s results for the third
quarter will include Infinity’s results from the date of acquisition
and forward; and
-
Pre-tax charge of approximately $9 million for lease termination and
other costs associated with the September 2018 relocation of Kemper’s
corporate headquarters to the Aon Center in Chicago.
Previously, Kemper announced third quarter 2018 results will also
include a pre-tax gain of $35.7 million related to the partial
satisfaction of a judgment in its favor and against Computer Sciences
Corporation and its parent, DXC Technology Company.
About Kemper
The Kemper family of companies is one of the nation’s leading insurers.
With $11 billion in assets, Kemper is improving the world of insurance
by offering personalized solutions for individuals, families and
businesses. Through our businesses, Kemper:
-
Offers insurance for auto, home, life, health and valuables
-
Services approximately seven million policies
-
Is represented by more than 30,000 agents and brokers
-
Employs over 7,800 associates dedicated to providing exceptional
service
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Is licensed to sell insurance in 50 states and the District of Columbia
Learn more about Kemper.
Caution Regarding Forward-Looking Statements
This press release may contain or incorporate by reference information
that includes or is based on forward-looking statements within the
meaning of the safe-harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements give
expectations or forecasts of future events, and can be identified by the
fact that they relate to future actions, performance or results rather
than strictly to historical or current facts.
Any or all forward-looking statements may turn out to be wrong, and,
accordingly, readers are cautioned not to place undue reliance on such
statements, which speak only as of the date of this press release.
Forward-looking statements involve a number of risks and uncertainties
that are difficult to predict, and are not guarantees of future
performance. Among the general factors that could cause actual results
and financial condition to differ materially from estimated results and
financial condition are those listed in periodic reports filed by Kemper
with the SEC. No assurances can be given that the results and financial
condition contemplated in any forward-looking statements will be
achieved or will be achieved in any particular timetable. Kemper assumes
no obligation to publicly correct or update any forward-looking
statements as a result of events or developments subsequent to the date
of this press release. The reader is advised, however, to consult any
further disclosures Kemper makes on related subjects in its filings with
the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181022005112/en/
Kemper Corporation
Investors:
Michael Marinaccio
312.661.4930
investors@kemper.com
or
News
Media:
Barbara Ciesemier
312.661.4521
bciesemier@kemper.com
Source: Kemper Corporation