AM Best Revises Outlooks to Positive for Kemper Group

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 Chicago-based Kemper Property & Casualty Group.

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 Life & Health Group.

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 Corp., the Birmingham, Alabama nonstandard auto insurer Kemper acquired in 2018 for $1.4 billion.

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.

AM Best said it expects 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 said it further expects consolidated risk-adjusted capitalization to remain supportive for all ratings.

Source: AM Best

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