Kemper (KMPR) Q1 FY2024 earnings: revenue $1.1 billion, down 11.7% on the year

Kemper Corp. (KMPR) reported revenue of $1.1 billion for Q1 FY2024, the quarter ended 31 March 2024, down 11.7% on the same quarter a year earlier. Net income was $71 million, and diluted earnings per share $1.10. The figures are the company's own, from the 10-Q it filed with the SEC on 1 May 2024.

Revenue$1.1 billiondown 11.7%

Net income$71 million

Diluted EPS$1.10

QuarterQ1 FY2024ended 31 March 2024

The quarter, against the one before and a year earlier

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Revenue	1,143	1,187	n/a	n/a
Operating income	86.3	63.0	n/a	n/a
Operating margin	7.6%	5.3%	n/a
Interest expense	14.0	13.9	n/a	n/a
Income tax	16.4	12.2	n/a	n/a
Net income	71.3	51.4	n/a	n/a
Net margin	6.2%	4.3%	n/a
Diluted EPS	$1.10	$0.80	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Operating cash flow	43.0	-29.7	n/a	n/a
Capital expenditure	15.3	14.7	n/a	n/a
Free cash flow	27.7	-44.4	n/a	n/a
Free cash flow margin	2.4%	-3.7%	n/a
Cash from investing	39.3	2.7	n/a	n/a
Cash from financing	-19.7	-21.3	n/a	n/a
Depreciation and amortisation	11.4	5.3	n/a	n/a
Buybacks	0.0	n/a	n/a	n/a
Dividends paid	19.5	20.3	n/a	n/a
Dividend per share	$0.31	n/a	n/a	n/a
Diluted shares, weighted	65m	65m	n/a	n/a
Shares outstanding at period end	64m	64m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2024	Q4 FY2023	A year earlier	Change on the year
Shareholders' equity	2,590	2,505	n/a	n/a
Non-controlling interest	-1.1	-0.2	n/a	n/a
Debt	1,390	1,389	n/a	n/a
Other liabilities	8,647	8,848	n/a	n/a
Total liabilities and equity	12,626	12,743	n/a	n/a
Goodwill	n/a	1,251	n/a	n/a
Intangible assets	n/a	269	n/a	n/a
Investments	521	521	n/a	n/a
Cash and equivalents	127	64.1	n/a	n/a
Other assets	11,978	10,638	n/a	n/a
Total assets	12,626	12,743	n/a	n/a

Questions

What was Kemper's revenue in Q1 FY2024?

Kemper (KMPR) reported revenue of $1.1 billion for Q1 FY2024, the quarter ended 31 March 2024, down 11.7% on the same quarter a year earlier.

How much did Kemper earn in Q1 FY2024?

Net income for Q1 FY2024 was $71 million, and diluted earnings per share $1.10.

When did Kemper report Q1 FY2024 results?

Kemper filed its 10-Q for the quarter ended 31 March 2024 with the SEC on 1 May 2024.

Quarterly results, the last 12 quarters

	Q3 FY2023 †	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	1,199	1,187	1,143	1,130	1,179	1,187	1,193	1,226	1,240	1,131	1,107	1,093
Operating income	-38.9	63.0	86.3	114	132	n/a	120	87.5	-33.1	n/a	-7.9	-467
Operating margin	-3%	5%	8%	10%	11%	n/a	10%	7%	-3%	n/a	-1%	-43%
Interest expense	14.1	13.9	14.0	13.9	14.4	14.6	11.4	9.0	9.1	9.0	n/a	n/a
Net income	-146	51.4	71.3	75.4	73.7	97.4	99.7	72.6	-21.0	-8.0	-1.7	-465
Net margin	-12%	4%	6%	7%	6%	8%	8%	6%	-2%	-1%	-0%	-43%
Diluted EPS	-$2.28	$0.80	$1.10	$1.16	$1.14	$1.51	$1.54	$1.12	-$0.34	-$0.13	-$0.03	-$7.90
Operating cash flow	-38.6	-29.7	43.0	22.9	142	175	180	89.6	140	175	88.8	30.5
Capital expenditure	13.7	14.7	15.3	17.7	10.5	9.7	7.7	7.6	6.5	8.8	10.9	11.4
Free cash flow	-52.3	-44.4	27.7	5.2	131	165	172	82.0	133	166	77.9	19.1
Buybacks	n/a	n/a	0.0	0.0	25.0	13.9	4.0	28.5	219	50.6	0.0	0.0
Dividends paid	20.2	20.3	19.5	20.3	20.3	20.0	20.2	20.8	19.7	18.9	18.3	19.3
Shares outstanding	64m	64m	64m	64m	64m	64m	64m	64m	60m	59m	59m	59m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2024, filed 1 May 2024, accession 0000860748-24-000132: the filing on EDGAR. All of Kemper Corp.'s filings: EDGAR company page.

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