AM Best Upgrades Ratings of Kemper Corporation, Its Subsidiaries and Affiliates
29 January 2021 - 3:00AM
Business Wire
Kemper Corporation (NYSE: KMPR) announced today that AM Best has
upgraded the Financial Strength Rating (FSR) for its
property/casualty subsidiaries and affiliated insurance companies
to A (Excellent) from A- (Excellent) and the Long-Term Issuer
Credit Ratings (Long-Term ICR) to “a” from “a-.”
AM Best also upgraded the FSR of Kemper’s life/health
subsidiaries to A (Excellent) from A- (Excellent) and the Long-Term
ICRs to “a” from “a-.”
In addition, AM Best has upgraded the Long-Term ICR and the
Long-Term Issue Credit Ratings (Long-Term IR) of Kemper Corporation
and Infinity Property and Casualty Corporation (Infinity) to “bbb”
from “bbb-.”
The outlooks of these Credit Ratings have been revised to stable
from positive.
AM Best cited Kemper’s balance sheet strength, which it
categorized as strongest, 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 ongoing progress we’ve made,” said Joseph P.
Lacher, Jr., president and CEO. “This is further recognition of our
strong operating performance and the work we’ve done to advance our
strategic intent to serve growing niche and underserved markets
with appropriate and affordable insurance and financial
solutions.”
About Kemper
Kemper Corporation (NYSE: KMPR) is one of the nation’s leading
specialized insurers. With nearly $14.1 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 6.2 million policies, is represented by
more than 30,000 agents and brokers, and has over 9,500 associates
dedicated to meeting the ever-changing needs of its customers.
Learn more about Kemper.
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version on businesswire.com: https://www.businesswire.com/news/home/20210128005773/en/
Investors: Christine Patrick, 312.661.4803,
cpatrick@kemper.com News Media: Barbara Ciesemier,
312.661.4521, bciesemier@kemper.com
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