Kemper Corporation (NYSE:KMPR) Q3 2023 Earnings Call Transcript

Paul Newsome: Which is fine. I just think about it from a modeling perspective, because if we’re modeling total revenue for the firm in a discontinued ops situation, it wouldn’t show up in total revenue. But if it was just considered non-core, like it sounds like it’ll show up in consolidated total revenue on your K or Q, I think that’s right.

Matt Hunton : We can definitely take it off the line, Paul, and help you with the modeling pieces of how it will come through.

Paul Newsome: So last question. I’m getting this a lot. The iteration of the 10% plus ROE, some of the pushback I’m getting is that that may be sort of, I don’t know, to sign a communicate this or not, essentially a reduction in the earnings expectations for next year because the capital is lower because of the losses we’ve incurred in this quarter, for example. Any thoughts on that? Do you think that’s fair? Or the question is coming up quite a bit, so I thought I’d ask them to call.

Matt Hunton : Yes, I think Paul, we’re trying to get a little simpler in terms of how we communicate stuff. We’ve said that we’re going to generate a 10% plus ROE. We did a preannouncement, so there’s a limited ability and a press release to try to describe every nuance. I understand there’s a lot of attention on all of the pieces running around our business and where things are, and we’re not trying to be cute. We’re trying to actually just sort of simplify what we’re doing. It’s a basic GAAP ROE calculation. We are sticking with a 10% plus. And I understand the math you’re describing in it. We weren’t trying to hide something in there. We weren’t trying to send a different signal. There’s maybe it’s because it’s Halloween, everybody’s looking for ghosts, but it was trying to be a simple statement.

Operator: There are no further questions at this time. Mr. Joe Lacher, please proceed with your closing remarks.

Joe Lacher: Thank you, operator. Thank you everybody for joining our call today and for the questions. And we look forward to speaking to you again in the fourth quarter or at the fourth quarter results. Thanks.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.