Kemper Corporation (NYSE:KMPR) Q4 2023 Earnings Call Transcript

Joseph Lacher: I would tell you, and I’m going to answer it in two ways. We’re starting to see some modest impacts in what I’d see are some of the pieces of the loss costs. As we’ve said before, we’re not reflecting those in our loss picks yet because we want to let them fully age, fully bake, see if things reopen and we will continue to adopt that posture to have a higher degree of certainty that it’s actually materializing before we reflect it. I tend to then be generally cautiously optimistic about what we’re seeing in the environment and a little more prove it to me in terms of how we book it, if that helps.

Brian Meredith: Very helpful. Thank you.

Operator: Thank you. And ladies and gentlemen, our Q&A session has now ended. I would like to turn it back to Joe Lacher, Kemper’s President and CEO for closing remarks.

Joseph Lacher: Again, thank you to everybody for your time and your attention today, your thoughtful questions. We’re excited candidly about moving back more towards a rebalancing phase where we’re spending more time talking about growing PIF and leveraging a competitive advantage in the marketplace, and we look forward to future discussions in the next couple of quarters. Thanks, again.

Operator: Thank you and thank you presenters. Ladies and gentlemen, this concludes today’s conference call. Thank you for participating. You may now disconnect.