Kemper Corp. said that it estimates that its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52 million. The company said it does not expect to recover any of these losses under its catastrophe reinsurance program.
While the losses were related to a number of storms, the company noted that one hail storm in north Texas in mid-April heavily impacted its policyholders in that area.
Kemper said it will issue its second quarter 2016 earnings release on Aug. 4 after markets close.
Topics Catastrophe Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Workers Sue Disney, Say They Were Wrongly Induced to Move to Florida 
Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023 
QBE to Non-Renew $500M of North American Mid-Market Biz 
Supreme Court Overturns Chevron Rule in Blow to Regulators 
