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Kemper KMPR Surplus Notes and Guarantee Fund Certificates, Reciprocal Exchange

Surplus Notes and Guarantee Fund Certificates, Reciprocal Exchange at other companies

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Other financials

Income statement

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Revenue$1.1B-10.8%
Operating income$132.4M+440%
Net income-$464.8M-740%
EPS (diluted)-$7.90-805%

Balance sheet

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Cash & equivalents$81.2M-54.1%
Total debt$944.5M-5.7%
Total equity$2.2B+493%
Total assets$11.9B-4.4%

Cash flow

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Operating cash flow$30.5M-66.0%
CapEx$11.4M+50.0%
Free cash flow$19.1M-76.7%

Valuation

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Market cap$1.72B-43.3%
Enterprise value$2.59B-33.0%
P/S0.4×-0.3×

Profitability

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Net margin-10.7%-17.8pp
FCF margin8.7%-2.8pp

Returns & leverage

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Return on equity-38%-132pp
Debt / equity0.4×-2.3×

Where this comes from

Reported directly by Kemper in its filing.

Tagged under the XBRL concept kmpr:SurplusNotesAndGuaranteeFundCertificatesReciprocalExchange.

The source filing: Kemper’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000860748-26-000084

The assets of the Reciprocal Exchange can be used only to settle the obligations of the Reciprocal Exchange for which creditors and other beneficial owners have no recourse to the Company. The Company has no obligation related to any underwriting and/or investment losses experienced by the Exchange. As of June 30, 2026 and December 31, 2025, the Company had contributed $36.0 million in the form of surplus notes and guarantee fund certificates to the Reciprocal Exchange. Due to ongoing operating losses and reductions in the forecasted cash flows, the Company established an allowance for credit loss of $21.0 million related to the surplus notes during the second quarter of 2026, which is reflected in Impairment Losses in the Condensed Consolidated Statements of (Loss) Income and Other Assets in the Condensed Consolidated Balance Sheet.

Item 1. Financial Statements

FAQ

What is Kemper's surplus notes and guarantee fund certificates, reciprocal exchange?
Kemper (KMPR) reported surplus notes and guarantee fund certificates, reciprocal exchange of $36M in Q2 2026.
What does surplus notes and guarantee fund certificates, reciprocal exchange mean?
Surplus Notes and Guarantee Fund Certificates, Reciprocal Exchange as reported by Kemper Corporation.

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