Moody’s Upgrades Kemper’s Outlook to Positive, Affirms Ratings

Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) announced a positive outlook revision from Moody’s Investors Service, citing improved profitability and a strong market position in non-standard personal auto insurance. Moody’s affirmed Kemper's Baa3 senior debt rating and A3 insurance financial strength ratings for its subsidiaries. The average return on capital was noted at 8.5% over the past three years, highlighting diversified revenues from its insurance segments. CEO Joseph P. Lacher Jr. emphasized the company's strategic intent to serve niche markets effectively.

Positive

• Moody's revised outlook to positive reflects improving profitability.
• Affirmed Baa3 senior debt rating and A3 insurance financial strength ratings.
• Average return on capital of 8.5% over the past three years.
• Diversified revenues from non-standard personal auto and life insurance businesses.

Negative

• None.

Kemper Corporation (NYSE: KMPR) announced today that Moody’s Investors Service has revised the rating outlook for Kemper to positive from stable based on the group’s improving profitability and solid market position as a leading non-standard personal auto insurer. In addition, Moody’s has affirmed the Baa3 senior debt rating of Kemper as well as the A3 insurance financial strength ratings of its leading property/casualty and life insurance subsidiaries.

Moody’s said its positive outlook reflects Kemper’s improved profitability with an average return on capital of about 8.5% in the past three years. Its rating affirmation reflects Kemper’s diversified revenues and earnings from its non-standard personal auto insurance and life businesses, its profitable home service insurance business, solid risk adjusted subsidiary capitalization, and a high-quality fixed income portfolio.

“We are pleased that Moody’s recognizes the strength of our businesses,” said Joseph P. Lacher, Jr., President, CEO and Chairman of the Board. “The revised rating outlook is 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

The Kemper family of companies is one of the nation’s leading specialized insurers. With $14.2 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 6.3 million policies, is represented by more than 30,000 agents and brokers, and has nearly 10,000 associates dedicated to meeting the ever-changing needs of its customers.

Learn more about Kemper.

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FAQ

What did Moody's Investors Service announce about Kemper Corporation on [insert date]?

Moody's revised the rating outlook for Kemper Corporation (KMPR) from stable to positive.

What is Kemper Corporation's average return on capital according to the recent Moody's report?

Kemper Corporation's average return on capital is about 8.5% over the past three years.

What ratings did Moody's affirm for Kemper Corporation's subsidiaries?

Moody's affirmed the A3 insurance financial strength ratings for Kemper's leading property/casualty and life insurance subsidiaries.

What factors contributed to Kemper's positive outlook from Moody's?

Factors include improved profitability, diversified revenues, solid risk-adjusted subsidiary capitalization, and a high-quality fixed income portfolio.

How many policies does Kemper Corporation serve?

Kemper Corporation serves over 6.3 million policies.