HIGHBuilt-inProduct / Revenue mix
89%
Specialty P&C Insurance
“10-K Item 1: 'The segment's insurance products accounted for 89%, 85% and 80% of the Company's consolidated insurance premiums in 2025, 2024 and 2023'”
KMPR · Concentration risk · 10-K extracted
Kemper (KMPR) concentration risks
Updated
The most significant concentration Kemper discloses is Specialty P&C Insurance at 89%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Kemper’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inGeographic
82%
California and Florida
“10-K Item 1A: 'California and Florida represented 82% of the Company's total personal automobile insurance gross written premiums in 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two large-share structural exposures that reinforce each other: a near-total focus on one insurance segment and a heavy geographic tilt within that segment toward two states. The Specialty P&C Insurance segment's products accounted for 89% of the company's consolidated insurance premiums in 2025, a large share by disclosed size and structural in character — the company has refocused its book almost entirely on this segment following its exit from nonstandard auto and life businesses, making the Specialty P&C segment the company itself in economic terms. Layered on the segment concentration is a sharp geographic tilt within that segment: California and Florida represented 82% of total personal automobile insurance gross written premiums in 2025, also a large disclosed share and structural in character. Both California and Florida are regulatory and catastrophe-sensitive markets for personal lines insurance; California carries significant legislative and regulatory pricing constraints while Florida has experienced elevated litigation and weather-related claims activity. A large share of the personal auto book concentrated in exactly these two states means that adverse regulatory actions, elevated claims from weather events, or litigation trends in either market would have a disproportionate impact on the consolidated business. Together the two concentrations describe a company where essentially all revenue flows from one insurance segment and a large majority of that segment's personal auto premiums originate in two challenging regulatory environments. Regulatory reform, weather severity, and loss cost trends in California and Florida are the dominant watch variables.
For the engine’s reasoning on KMPR’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Insurance - Property & Casualty
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CNA | CNA Financial Corporation | 2 | 0 | 0 | 2 |
| KMPR● | Kemper Corporation | 2 | 0 | 0 | 2 |
| AIZ | Assurant, Inc. | 1 | 2 | 0 | 3 |
| ALL | Allstate Corporation (The) | 1 | 0 | 0 | 1 |
| CB | Chubb Limited | 0 | 1 | 0 | 1 |
| AFG | American Financial Group, Inc. | 0 | 0 | 2 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.