Kemper Announces First Quarter Preliminary Results and Schedule for Earnings Release

Kemper Corporation (NYSE: KMPR) today announced that after the markets close on Wednesday, May 1, Kemper will issue its first quarter 2024 earnings release, financial supplement, and Form 10-Q. Following their publication, these documents will be available in the investor section of kemper.com.

PRELIMINARY RESULTS

Preliminary results for the first quarter of 2024 include estimated net income and adjusted consolidated net operating income¹ of between $65 million and $75 million.

Kemper Auto (Specialty P&C)

Preliminary combined ratios are:

	Combined Ratio	Underlying Combined Ratio1
Kemper Auto	94.8%	93.6%
Kemper Auto: Private Passenger Auto (PPA)	95.1%	93.5%
Kemper Auto: Commercial Vehicle	93.6%	93.8%

New Business Production and Policies In Force (“PIF") Change

• Re-acceleration began in early February 2024; strong demand across all markets.
• Compared to the fourth quarter of 2023:
  • New written premium increased over 200%.
  • New policies issued increased over 150%.
  • Rate of sequential quarterly PIF decline slowed to 5.5% compared to 8.9% in the fourth quarter of 2023.

Kemper Life

• After-tax income was approximately $12 million.

Capital and Liquidity

• Parent company liquidity was approximately $1.1 billion.
• Insurance subsidiaries are well-capitalized.

CONFERENCE CALL DETAILS

Kemper will host its conference call to discuss first quarter 2024 results on Wednesday, May 1, at 5:00 pm Eastern (4:00 pm Central). The conference call will be accessible via the internet and telephone at 888.259.6580, access code 70282475. To listen via webcast, register online at the investor section of kemper.com at least 15 minutes before the webcast to install any necessary software. A replay of the webcast will be available online at the investor section of kemper.com.

¹ Non-GAAP financial measure. All non-GAAP financial measures are denoted with footnote 1 throughout this release. See below for further explanation on the use of non-GAAP financial measures.