Kemper reported first-quarter revenues of $1.11 billion, down 6.9% year on year and 5.5% below analyst expectations, making it the weakest performer in a group of four multi-line insurance stocks tracked this quarter. The company also missed estimates on net premiums earned and earnings per share, with interim CEO C. Thomas Evans, Jr. citing continued pressure in California personal auto. In contrast, Chubb led the group with revenues of $15.3 billion, up 11.9% year on year and beating estimates by 4.7%, while Hartford and AIG also reported revenue growth but mixed results against other metrics. Overall, the group beat revenue consensus by 9.8% but saw average share prices decline 1.9% since reporting, with Kemper's stock down 13.8% to $28.26.
Kemper CorporationKemper missed revenue and earnings estimates, revenues down 6.9%.
American International Group Inc
Hartford Financial Services Group
Chubb LtdChubb led the group with strong revenue growth and beat estimates.