Estados financieros detallados de Kemper Corporation (KMPR): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Kemper Corporation registró ingresos de $4.80B en el último ejercicio fiscal, con un CAGR de 5 años del -1.5%. El beneficio neto alcanzó $143.3M, con un CAGR a 5 años del -19.0%.
Márgenes de los últimos 12 meses: margen bruto 36.2%, margen operativo -11.4%, margen neto -10.8%. El flujo de caja libre creció a un CAGR del 7.0% en 5 años.
Al precio actual de $27.40, KMPR presenta beneficios negativos (P/E no significativo) y un ROE del -19.33%. La capitalización bursátil es de $1.6B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $2.52B | $2.67B | $3.69B | $5.02B | $5.18B | $5.61B | $5.45B | $4.95B | $4.63B | $4.80B |
| Coste de Ventas | $2.16B | $2.23B | $2.92B | $3.83B | $4.02B | $5.26B | $5.66B | $3.82B | $4.04B | $3.38B |
| Beneficio Bruto | $357.5M | $439.2M | $766.9M | $1.19B | $1.16B | $354.8M | -$211.3M | $1.13B | $589.4M | $1.43B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $209.0M | $196.2M | $231.9M | $278.0M | $371.5M | $339.5M | $358.4M | 0 | -$2.6M | $1.16B |
| Gastos Operativos | $354.0M | $278.1M | $567.8M | $528.4M | $650.8M | $604.2M | $159.7M | $1.47B | $200.9M | $1.26B |
| Beneficio Operativo | $3.5M | $161.1M | $199.1M | $661.6M | $510.1M | -$249.4M | -$371.0M | -$347.1M | $388.5M | $160.7M |
| EBITDA | $67.4M | $214.2M | $414.4M | $766.6M | $601.1M | -$105.9M | -$245.4M | -$232.4M | $499.1M | $273.5M |
| Gastos por Intereses | $44.4M | $34.9M | $43.4M | $42.5M | $36.0M | $43.6M | $54.7M | $56.1M | $56.9M | $38.5M |
| Beneficio Antes de Impuestos | $3.5M | $161.1M | $199.1M | $661.6M | $510.1M | -$249.3M | -$371.0M | -$347.1M | $388.5M | $160.7M |
| Impuestos | -$9.2M | $41.2M | $10.7M | $130.5M | $100.2M | -$125.6M | -$84.4M | -$74.8M | $76.0M | $28.1M |
| Beneficio Neto | $16.8M | $120.9M | $190.1M | $531.1M | $409.9M | -$123.7M | -$286.6M | -$272.1M | $317.8M | $143.3M |
| BPA | $0.33 | $2.34 | $3.27 | $8.04 | $6.24 | $-1.88 | $-4.49 | $-4.25 | $4.95 | $2.31 |
| BPA Diluido | $0.33 | $2.33 | $3.24 | $7.96 | $6.14 | $-1.88 | $-4.49 | $-4.25 | $4.91 | $2.29 |
| Acciones en Circulación (Diluidas) | $51.2M | $51.6M | $58.8M | $66.5M | $66.7M | $64.3M | $63.8M | $64.0M | $64.8M | $62.6M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $1.24B | $1.14B | $1.11B | $1.09B |
| Beneficio Bruto | -$500000 | $281.3M | $280.1M | $1.09B |
| Beneficio Operativo | -$33.1M | -$13.5M | -$7.9M | -$467.0M |
| EBITDA | $11.7M | -$29.9M | $13.0M | -$434.9M |
| Beneficio Neto | -$21.0M | -$8.0M | -$1.7M | -$464.8M |
| BPA | $-0.34 | $-0.14 | $-0.03 | $-7.90 |
| BPA Diluido | $-0.34 | $-0.14 | $-0.03 | $-7.90 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $115.7M | $45.7M | $75.1M | $136.8M | $206.1M | $148.2M | $212.4M | $64.1M | $65.4M | $126.0M |
| Inversiones a Corto | $5.40B | $5.62B | $6.71B | $470.9M | $875.4M | $284.1M | $7.17B | $522.9M | $1.07B | $327.9M |
| Cuentas por Cobrar | 0 | 0 | 0 | $1.38B | $1.43B | $1.80B | $1.72B | $1.23B | $1.24B | $965.2M |
| Inventario | -$1.04B | -$1.00B | -$1.78B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $6.06B | $6.23B | $8.08B | 0 | 0 | $2.23B | $692.0M | $1.81B | 0 | $1.09B |
| Inmovilizado Material | $6.35B | $6.43B | $9.36B | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fondo de Comercio | $323.0M | $323.0M | $1.11B | $1.11B | $1.11B | $1.31B | $1.30B | $1.25B | $1.25B | $1.25B |
| Activos Intangibles | $332.0M | $181.0M | $308.8M | $328.4M | $320.1M | $971.4M | $316.4M | $910.0M | $315.5M | $656.7M |
| Activos Totales | $8.21B | $8.38B | $11.54B | $12.99B | $14.34B | $14.92B | $13.36B | $12.74B | $12.63B | $12.47B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | -$449.3M | 0 | 0 | 0 |
| Deuda a Corto | $359.8M | 0 | 0 | $448.6M | $448.8M | $449.0M | $449.3M | 0 | $449.6M | $17.1M |
| Pasivos Corrientes | $359.8M | $5.00B | $448.4M | 0 | 0 | $6.70B | $167.6M | $4.69B | 0 | 0 |
| Deuda a Largo | $751.6M | $592.3M | $909.0M | $329.8M | $724.0M | $672.9M | $1.39B | $1.39B | $941.7M | $943.5M |
| Pasivos Totales | $6.24B | $607.1M | $8.49B | $9.02B | $9.78B | $10.91B | $10.92B | $10.24B | $9.85B | $9.80B |
| Reservas | $1.17B | $1.24B | $1.36B | $1.81B | $2.07B | $1.76B | $1.38B | $1.01B | $1.23B | $1.16B |
| Patrimonio Neto | $1.98B | $2.12B | $3.05B | $3.97B | $4.56B | $4.01B | $2.44B | $2.51B | $2.79B | $2.68B |
| Deuda Total | $751.6M | $592.3M | $909.0M | $778.4M | $1.17B | $1.12B | $1.39B | $1.39B | $1.42B | $1.00B |
| Deuda Neta | -$4.76B | -$5.07B | -$5.88B | $170.7M | $91.3M | $689.6M | -$6.00B | $802.2M | $294.2M | $551.0M |
| Capital Circulante | $5.71B | $1.23B | $7.63B | 0 | 0 | -$4.46B | $524.4M | -$2.88B | 0 | $1.09B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $107.4M | $126.0M | $92.6M | $80 |
| Activos Totales | $12.44B | $12.47B | $12.41B | $11.93B |
| Pasivos Totales | $9.72B | $9.80B | $9.78B | $9.75B |
| Patrimonio Neto | $2.73B | $2.68B | $2.65B | $2.19B |
| Deuda Total | $943.1M | $943.5M | $944.0M | $944.5M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $16.8M | $120.9M | $190.1M | $531.1M | $409.9M | -$120.5M | -$301.2M | -$272.1M | $312.5M | $143.3M |
| Amortizaciones | $19.5M | $18.2M | $171.9M | $62.5M | $55.0M | $99.8M | $70.9M | 0 | $53.7M | $74.3M |
| Compensación en Acciones | $4.7M | $9.4M | $18.6M | 0 | 0 | $28.0M | $17.7M | 0 | 0 | 0 |
| Cambio en Capital Circulante | $177.6M | $135.6M | $115.6M | $146.3M | $13.7M | $512.1M | -$95.5M | -$51.3M | -$17.9M | $361.0M |
| Flujo de Caja Operativo | $240.5M | $240.6M | $540.0M | $534.3M | $448.0M | $350.7M | -$210.3M | -$135.3M | $382.9M | $584.5M |
| Inversiones (CapEx) | -$17.6M | -$35.5M | -$65.3M | -$84.0M | -$53.4M | -$57.8M | -$30.8M | -$53.8M | -$53.2M | -$30.6M |
| Adquisiciones | $6.4M | $20.2M | -$589.6M | 0 | 0 | -$316.6M | $14.8M | 0 | 0 | 0 |
| Recompra de Acciones | -$3.8M | 0 | 0 | 0 | -$110.4M | -$161.7M | 0 | 0 | -$38.9M | -$301.9M |
| Dividendos Pagados | -$49.2M | -$49.5M | -$56.4M | -$67.8M | -$78.9M | -$80.6M | -$79.7M | -$80.1M | -$80.1M | -$79.6M |
| Flujo de Caja Libre | $222.9M | $205.1M | $474.7M | $450.3M | $394.6M | $292.9M | -$241.1M | -$189.1M | $329.7M | $553.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $139.9M | $175.0M | $88.8M | $119.3M |
| Inversiones (CapEx) | -$6.5M | -$8.8M | -$10.9M | -$22.3M |
| Flujo de Caja Libre | $133.4M | $166.2M | $77.9M | $97.0M |
| Dividendos Pagados | -$19.7M | -$18.9M | -$18.3M | -$37.6M |
| Compensación en Acciones | 0 | 0 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +5.8% | +38.2% | +36.1% | +3.2% | +8.4% | -2.9% | -9.3% | -6.3% | +3.6% |
| Crecimiento Beneficio Neto (anual) | | +619.6% | +57.2% | +179.4% | -22.8% | -130.2% | -131.7% | +5.1% | +216.8% | -54.9% |
| Crecimiento BPA (anual) | | +609.1% | +39.7% | +145.9% | -22.4% | -130.1% | -138.8% | +5.3% | +216.5% | -53.3% |
| Cambio en Acciones (anual) | | +0.7% | +13.9% | +13.3% | +0.3% | -3.7% | -0.7% | +0.3% | +1.2% | -3.3% |
| Crecimiento FCF (anual) | | -8.0% | +131.4% | -5.1% | -12.4% | -25.8% | -182.3% | +21.6% | +274.4% | +68.0% |
| Margen Bruto | 14.2% | 16.5% | 20.8% | 23.7% | 22.4% | 6.3% | -3.9% | 22.8% | 12.7% | 29.7% |
| Margen Operativo | 0.1% | 6.0% | 5.4% | 13.2% | 9.8% | -4.4% | -6.8% | -7.0% | 8.4% | 3.3% |
| Margen EBITDA | 2.7% | 8.0% | 11.2% | 15.3% | 11.6% | -1.9% | -4.5% | -4.7% | 10.8% | 5.7% |
| Margen Neto | 0.7% | 4.5% | 5.2% | 10.6% | 7.9% | -2.2% | -5.3% | -5.5% | 6.9% | 3.0% |
| Margen FCF | 8.8% | 7.7% | 12.9% | 9.0% | 7.6% | 5.2% | -4.4% | -3.8% | 7.1% | 11.5% |
| Tasa Impositiva Efectiva | -262.9% | 25.6% | 5.4% | 19.7% | 19.6% | 50.4% | 22.7% | 21.5% | 19.6% | 17.5% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $4.35 | $3.98 | $8.08 | $6.77 | $5.91 | $4.56 | $-3.78 | $-2.95 | $5.09 | $8.85 |
| Dividendo por Acción | $0.96 | $0.96 | $0.96 | $1.02 | $1.18 | $1.25 | $1.25 | $1.25 | $1.24 | $1.27 |
| Acciones en Circulación (Básicas) | $51.2M | $51.3M | $58.1M | $65.9M | $65.6M | $64.3M | $63.8M | $64.0M | $64.2M | $62.0M |
Qué mirar en Seguros
Las aseguradoras ganan de 2 formas: suscribiendo bien (combined ratio) e invirtiendo el float. Buffett construyó Berkshire así.
- Op Margin 5y (proxy Combined Ratio) — Proxy del combined ratio cuando FMP no lo expone. ≥10% medio 5y = disciplina de suscripción (CR <100%)
- Crecimiento Book Value / Acción — Cómo Buffett mide Berkshire. El valor real que acumulan los accionistas
- Debt / Equity — Aseguradoras apalancadas quiebran rápido en catástrofes
- P/B (Price / Book) — Aseguradoras se valoran por múltiplo de libros. Aquí se cruza con el ROE (calidad × valoración)
- Dividend growth streak — Años consecutivos subiendo dividendo por acción — aseguradoras sólidas acumulan décadas
Rentabilidad
| Rentabilidad sobre capital | -19.33% |
| Rentabilidad sobre capital invertido | -4.23% |
| Rentabilidad sobre activos | -4.15% |
| Margen bruto | 36.16% |
| Margen operativo | -11.40% |
| Margen neto | -10.83% |
Salud financiera
| Deuda / Patrimonio | 0.43 |
| Ratio corriente | 0.00 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 134.24 | 29.44 | 20.30 | 9.64 | 12.31 | -31.27 | -10.96 | -11.45 | 13.42 | 17.55 |
| P/VC | 1.15 | 1.67 | 1.27 | 1.29 | 1.11 | 0.94 | 1.29 | 1.24 | 1.53 | 0.94 |
| P/V | 0.90 | 1.33 | 1.05 | 1.02 | 0.97 | 0.67 | 0.58 | 0.63 | 0.92 | 0.52 |
| Margen Bruto | 14.2% | 16.5% | 20.8% | 23.7% | 22.4% | 6.3% | -3.9% | 22.8% | 12.7% | 29.7% |
| Margen Operativo | 0.1% | 6.0% | 5.4% | 13.2% | 9.8% | -4.4% | -6.8% | -7.0% | 8.4% | 3.3% |
| Margen Neto | 0.7% | 4.5% | 5.2% | 10.6% | 7.9% | -2.2% | -5.3% | -5.5% | 6.9% | 3.0% |