B
Kemper Independence Ins Co
ChicagoIL
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.3) including excessive premium growth and fair risk adjusted capital in prior years. Good overall profitability index (6.6) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 5.0% over the past five years.
Other Rating Factors: Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (51.9%), homeowners (42.1%), fire (2.3%), other (3.7%)
Licensed in: AZ, CA, CO, CT, GA, IL, IN, KS, MD, ME, MI, MO, NC, NV, NY, OH, OR, PA, SD, TX, VA, VT, WI
Principal Investments: Investment grade bonds (100.0%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Kemper Corporation
Investment Rating
Company Address
200 East Randolph Street
Chicago, IL 60601
Phone Number
(312) 661-4600
NAIC Number
10914
Largest Affiliates
B
Chicago, IL - P&C
C
CHICAGO, IL - L&A
C
Chicago, IL - P&C
B