Kemper Corp. expects net income of $70 million to $80 million for the second quarter of 2024 and consolidated adjusted net operating income of $85 million to $95 million, compared with a net loss of $97.1 million a year earlier.

The loss was due in part to a $45.5 million after-tax and catastrophe loss during what Kemper CEO and Chairman Joe Lacker Jr. called a very productive quarter.

The company is exiting its preferred home and auto lines as part of a strategic review. Kemper’s underwriting units currently have a financial strength rating of A- (Excellent) from AM Best, and its shares were trading at $63.93, up 2.95% from their previous close.

Kemper is an American insurance company headquartered in Chicago, Illinois. It has assets of approximately $13 billion, serves more than 4.8 million policies, is represented by approximately 22,000 agents and brokers, and approximately 7,000 associates.

The company was recently in the news when SG Americas Securities LLC bought 1,391 of its shares. This sent SG Americas’ shares of Kemper up 56.8% during the first quarter, according to its latest filing with the Securities and Exchange Commission. Following the purchase, SG Americas now owns 3,841 shares of the insurer’s stock.

Kemper will host its conference call on August 5. The conference call can be accessed via the Internet and by phone at 888.259.6580, conference number 19792463. Anyone interested in listening via the webcast must register online in the Investors section of kemper.com at least 15 minutes prior to the webcast to install the necessary software. A replay of the webcast can also be viewed in the Investors section of the company’s website.