I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Import Tourism specializing in quicker moving active shares with a short term view on investment opportunities and trends.
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CHICAGO, June 27, 2019 – Shares of Kemper Corporation (NYSE: KMPR) declined -3.37% to $84.84. The stock traded total volume of 390.565K shares higher than the average volume of 301.58K shares.
Kemper Corporation (KMPR) reported net income of $155.30M, or $2.35 per diluted share, for the first quarter of 2019, contrast to $53.80M, or $1.02 per diluted share, for the first quarter of 2018. In the first quarter of 2019, net income included a $50.90M after-tax gain, or $0.77 per diluted share, attributable to the change in fair value of equity and convertible securities. As adjusted for the acquisition of Infinity Property and Casualty Corporation1, net income was $153.20M, or $2.32 per diluted share, for the first quarter of 2019, contrast to $73.90M, or $1.13 per diluted share, for the first quarter of 2018.
Adjusted consolidated net operating income was $98.90M, or $1.50 per diluted share, for the first quarter of 2019, contrast to $57.50M, or $1.10 per diluted share, for the first quarter of 2018. These results increased mainly from the continued profitable growth in Specialty Property & Casualty Insurance segment.
Total Shareholders’ Equity at the end of the quarter was $3,320.10M, a boost of $270.00M, or 9 percent, since year-end 2018 driven by net income and unrealized gain on fixed maturity portfolio, partially offset by dividends paid to shareholders. Kemper ended the quarter with cash and investments at the holding company of $118.60M, and the $300.0M revolving credit agreement was undrawn.
During the first quarter of 2019, Kemper paid dividends of $16.20M.
Total revenues for the first quarter of 2019 increased $543.30M, or 78 percent, to $1,236.30M, contrast to the first quarter of 2018, driven by $450.90M of higher Specialty P&C earned premiums and by $63.70M of higher revenues from the increase in the fair values of equity and convertible securities. Net investment income increased $3.50M to $82.70M in the first quarter of 2019, mainly from a $14.00M increase in interest on fixed income securities mainly from the addition of Infinity’s investment portfolio, partially offset by a $12.00M reduction in net investment income on the alternative investments portfolio. Net realized investment gains were $16.10M in the first quarter of 2019, contrast to $2.60M last year. Other income increased $0.70M to $1.90M in the first quarter of 2019.
On an as adjusted basis, Specialty P&C earned premiums for the first quarter of 2019 increased $96.90M, or 15 percent, to $729.3, contrast to the first quarter of 2018, mainly from higher policies in-force.
KMPR has the market capitalization of $5.74B and its EPS growth ratio for the past five years was -0.60%. The return on assets ratio of the Company was 2.60% while its return on investment ratio stands at 11.10%. Price to sales ratio was 1.34 while 67.90% of the stock was owned by institutional investors.