KMPR → $47.50 by Oct 4, 2028.

Kemper’s California nonstandard auto book is about $1.8B of premium (it was about $2.1B last year). That book has been running around a 107% combined ratio, so they’re losing roughly 7 cents on every dollar of premium. California Department of Insurance just approved about a 7% price increase on the main program there (Infinity SPEC). If that 7% earns through and claims don’t jump, the simple math is: >0.07 × $1.8B / \~59M shares ≈ $2.14/share pretax (\~$1.70 after tax) …