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Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“I think Progressive had a call this morning and very aggressively reminded everybody of that, and we're competing in the same markets.”
Kemper's CEO cites Progressive's own commentary on market normalization as corroborating evidence that the broader auto insurance hard market is softening, implying moderating growth for competitors like Progressive as pricing discipline erodes across the industry.
“Was interested in your competitor, GEICO. Their expense ratio was pretty much the same low level that it was a year ago in the first quarter.”
An analyst benchmarks Kemper against GEICO's stable expense ratio while asking how competitive the broader nonstandard auto market has become.
“I think -- my sense is a lot of the big boys in that market are kind of on hold, waiting for whatever happens with State Farm and regulators to happen.”
An analyst raises California's home-insurance crisis involving State Farm; Kemper's CEO responds that multiline competitors distracted by homeowners troubles are pulling back, creating a more favorable competitive backdrop for Kemper's auto-only book.
“You don't have to look further than progressive to see this play out over numerous market cycles in the broader standard and preferred auto market.”
Kemper's CEO cites Progressive as the archetype for how carriers with pricing/underwriting advantages outperform through hard-market auto insurance cycles, positioning Kemper as following a similar playbook.
Kemper posted a Q4 2025 net loss of $8 million or $0.13 per share as California BI severity continued to weigh on results, and $35 million in Florida statutory refunds impacted earned premium with a 9.3% decline in written premium. PIF declined 7.3% year-over-year as the company retreated from unprofitable lines, and an additional $15.5 million in restructuring drove $33 million in annualized savings. The new personal auto product began piloting in Arizona and Oregon, while commercial auto maintained consistent double-digit growth with strong margins.
Margin | Competitive Dynamics | Pricing | Subscriber Growth | Regulation Policy | Geographic Expansion | Capital Allocation | Credit | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 2 | 1 | 3 | 2 | 1 | 1 |
| 2025Q1 | 2 | 3 | 3 | 2 | 2 | 2 | 1 | |
| 2025Q2 | 3 | 1 | 2 | 2 | 1 | 1 | 1 | |
| 2025Q3 | 4 | 2 | 1 | 1 | 1 | 1 | 1 | |
| 2025Q4 | 4 | 1 | 2 | 2 | 1 | 2 | 2 | 1 |
| 2026Q1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Margin | 3 | 2 | 3 | 4 | 4 | 1 |
| Competitive Dynamics | 3 | 3 | 1 | 2 | 1 | 2 |
| Pricing | 2 | 3 | 2 | 1 | 2 | 1 |
| Subscriber Growth | 1 | 2 | 2 | 1 | 2 | 1 |
| Regulation Policy | 3 | 2 | 1 | 1 | 1 | |
| Geographic Expansion | 2 | 2 | 1 | 2 | ||
| Capital Allocation | 1 | 1 | 1 | 1 | 2 | 1 |
| Credit | 1 | 1 | 1 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Andy Kligerman | TD Cowen | 15 (47%) |
| Brian Meredith | UBS | 14 (43%) |
| Greg Peters | Raymond James | 8 (13%) |
| Paul Newsome | Piper Sandler | 8 (13%) |
| Mitch Rubin | Raymond James | 7 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Raymond James | 2 | 15 (7%) |
| TD Cowen | 1 | 15 (47%) |
| UBS | 1 | 14 (43%) |
| Piper Sandler | 1 |
| 8 (13%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
KMPR Kemper Corporation | 2 | -6.8% | |
| ALL Allstate | 7 | +4.2% | |
| CB Chubb Limited | 7 | +9.5% | |
| CINF Cincinnati Financial | 7 | +11.6% | |
| ERIE Erie Indemnity | 6 | +2.3% | |
| L Loews Corporation | 5 | +2.6% | |
| LMND Lemonade, Inc. | 9 | +55.0% | |
| MCY Mercury General Corporation | 8 | +10.5% | |
| PGR Progressive Corporation | 7 | +8.7% | |
| ROOT Root, Inc. | 8 | +12.6% | |
| TRV The Travelers Companies, Inc. | 5 | +1.0% | |
| WRB W. R. Berkley Corporation | 6 | +4.0% |