Kemper
KMPR on NYSE. Kemper sells car and life insurance to people and businesses. Market value $1.5bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: -1 cents. Above 10 is good.
What you pay for each dollar of net assets: $0.70.
Profit per $100 you pay: $-32.26.
Quality score: 13 of 100. Price score: 50 of 100. Our list needs 70 on quality and 60 on price.
$26.07 a share, 15% above its 1-year low
Over the past year the price has ranged from $22.69 to $50.52.
Dividend: 5.0% a year
Paid every year for at least 5 years
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $5.7bn | $5.5bn | $4.9bn | $4.6bn | $4.8bn |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.06bn | 0.06bn | 0.06bn | 0.06bn | 0.06bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsShrinking, 1.7% a year
- Buying back its own sharesYes, 8% fewer since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $1.1 billion last quarter, down 11% on a year ago.
- A loss of $465 million, after a profit of $73 million a year ago.
- Spare cash over the past 12 months: $397 million, down from $551 million.
- 9% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in 1 of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $1.2bn |
| December 2024 | $1.2bn |
| March 2025 | $1.2bn |
| June 2025 | $1.2bn |
| September 2025 | $1.2bn |
| December 2025 | $1.1bn |
| March 2026 | $1.1bn |
| June 2026 | $1.1bn |
| Quarter to | Amount |
|---|---|
| September 2024 | $74m |
| December 2024 | $97m |
| March 2025 | $100m |
| June 2025 | $73m |
| September 2025 | -$21m |
| December 2025 | -$8m |
| March 2026 | -$2m |
| June 2026 | -$465m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 11 February 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
2 long-term investors we follow own it, down from 3 last quarter. 291 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Hotchkis & WileyHotchkis & Wiley team | $13m | <0.1% | Added |
| Gotham Asset ManagementJoel Greenblatt | $331,258 | <0.1% | Cut |
Sold out this quarter
Largest holders overall
- BlackRock$227mAdded
- Fuller & Thaler Asset Management$102mAdded
- Vanguard Portfolio Management$98mAdded
- AQR Capital Management$89mAdded
- State Street$76mAdded
- Vanguard Capital Management$71m
- D. E. Shaw$66mCut
- Dimensional Fund Advisors LP$57mCut
- Geode Capital Management$41mAdded
- Goldman Sachs Group$31mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- BlackRock, Inc.Passive investor13.8%+2.4 ptsSince 30 June 2026
- Vanguard Portfolio ManagementPassive investor5.7%Since 31 March 2026
- AQR Capital Management, LLCPassive investorat least 5.6%(filed with 1 related holder)Since 30 June 2026
- Vanguard Capital ManagementPassive investor5.2%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 13.8%+2.4 pts | 30 June 2026 | |
Vanguard Portfolio Management Passive investor | 5.7% | 31 March 2026 | |
AQR Capital Management, LLC Passive investor | at least 5.6% (filed with 1 related holder) | 30 June 2026 | |
Vanguard Capital Management Passive investor | 5.2% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 6 insiders bought $1m of shares on the open market. 1 sold $17,469.
- McAnena Stephen JPresident and CEOBought
- Date
- 13 August 2026
- Shares
- 3,000
- Price
- $26.50
- Value
- $79,500
- Camden Bradley TEVP and CFOBought
- Date
- 11 August 2026
- Shares
- 1,000
- Price
- $26.34
- Value
- $26,340
- Evans Carl Thomas Jr.EVP, Sec. & General CounselBought
- Date
- 11 August 2026
- Shares
- 1,000
- Price
- $26.53
- Value
- $26,530
- LADERMAN GERALDDirectorBought
- Date
- 11 August 2026
- Shares
- 4,000
- Price
- $26.49
- Value
- $105,960
- Gorevic Jason NDirectorBought
- Date
- 10 August 2026
- Shares
- 5,000
- Price
- $25.91
- Value
- $129,550
- MCKINNEY SUZET MDirectorSold
- Date
- 6 February 2026
- Shares
- 504
- Price
- $34.66
- Value
- $17,469
- Parker Stuart B.DirectorBought
- Date
- 10 November 2025
- Shares
- 25,000
- Price
- $36.82
- Value
- $920,500
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 August 2026 | McAnena Stephen J President and CEO | Bought | 3,000 | $26.50 | $79,500 |
| 11 August 2026 | Camden Bradley T EVP and CFO | Bought | 1,000 | $26.34 | $26,340 |
| 11 August 2026 | Evans Carl Thomas Jr. EVP, Sec. & General Counsel | Bought | 1,000 | $26.53 | $26,530 |
| 11 August 2026 | LADERMAN GERALD Director | Bought | 4,000 | $26.49 | $105,960 |
| 10 August 2026 | Gorevic Jason N Director | Bought | 5,000 | $25.91 | $129,550 |
| 6 February 2026 | MCKINNEY SUZET M Director | Sold | 504 | $34.66 | $17,469 |
| 10 November 2025 | Parker Stuart B. Director | Bought | 25,000 | $36.82 | $920,500 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 11 Feb 2026, plus the 10-Q filed 5 Aug 2026 and 6 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- Sales have shrunk: 1.7% a year.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.