AM Best Revises Kemper’s Outlook to Positive; Affirms Key Financial Strength Ratings
CHICAGO--(BUSINESS WIRE)--Jan 24, 2020--
Kemper Corporation (NYSE: KMPR) announced today that AM Best has revised the outlooks for Kemper to positive from stable, and affirmed its key financial strength ratings, including the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of its property/casualty subsidiaries and affiliated insurance companies.
AM Best also revised the outlooks to positive from stable and affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of Kemper’s life and health subsidiaries. Additionally, AM Best revised the outlooks to positive from stable and affirmed the Long-Term ICR of “bbb-” and the Long-Term Issue Credit Ratings (Long-Term IR) of Kemper’s parent company.
The ratings agency cited Kemper’s balance sheet strength, which it categorized as very strong, adequate operating performance, a neutral business profile, and appropriate risk management.
“We are pleased that AM Best recognizes the strength of our businesses and the progress we’ve made in growing the company,” said Joseph P. Lacher, Jr., president and CEO. “This is a solid achievement for Kemper, and further recognition of our strong operating performance and the continuing progress on our strategic intent to serve growing niche and underserved markets with appropriate and affordable insurance and financial solutions.”
Kemper Corporation (NYSE: KMPR) is one of the nation’s leading specialized insurers. With over $12 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.4 million policies, is represented by more than 30,000 agents and brokers, and has over 8,800 associates dedicated to meeting the ever-changing needs of its customers.
Learn more about Kemper.
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KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE FINANCE
SOURCE: Kemper Corporation
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PUB: 01/24/2020 10:39 AM/DISC: 01/24/2020 10:39 AM