AM Best Revises Outlooks to Positive for Kemper Corp., Affiliates and Subsidiaries - Insurance Journal

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AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of the property/casualty subsidiaries and affiliated insurance companies of Chicago-based Kemper Corp., collectively referred to as Kemper Property & Casualty Group (Kemper P&C).

AM Best also has revised the outlooks to positive from stable and affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of Kemper Corp.’s life/health subsidiaries, collectively referred to as Kemper Life & Health Group (Kemper L&H).

Concurrently, AM Best has 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 Corp., the ultimate parent.

AM Best also has revised the outlooks to positive from stable and affirmed the Long-Term ICR and the Long-Term IR of “bbb-” of Infinity Property and Casualty Corporation (Infinity) (headquartered in Birmingham, Alabama).

The Kemper P&C ratings reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

Kemper P&C’s rating affirmations are attributable to its strongest level of risk-adjusted capitalization, favorable operating results and established position in the nonstandard auto market.

The positive outlooks reflect AM Best’s expectation that the integration of Infinity will continue to enhance the financial strength of the organization and strengthen its position in the marketplace as one of the leading nonstandard auto writers in the United States. AM Best further expects consolidated risk-adjusted capitalization to remain supportive for all ratings.

Source: AM Best

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AM Best Revises Outlooks to Positive for Kemper Corp., Affiliates and Subsidiaries - Insurance Journal
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