William Blair analyst Adam Klauber says Kemper remains his top pick coming into 2019 and that his "conviction is even higher after a strong" Q4 report. The company's Q4 report highlights its "substantial upside potential going forward," Klauber tells investors in a post-earnings research note. Kemper is one of the few insurers that should produce a good level of consistent growth, mainly because of leveraging advantages in nonstandard auto, claims the analyst. His analysis shows that earnings have the potential to increase by 2 to 2.5 times over the next five years. Further, Klauber's valuation analyses suggest further share upside potential of 75%-plus over the next several years. He keeps an Outperform rating on Kemper.