Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2021, 2022 and 2023. Return on equity has been low, averaging 0.6% over the past five years. Fair liquidity (3.2) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (93.2%), homeowners (4.8%), fire (0.9%), other (1.1%)
Licensed in:
AL, AR, AZ, CA, CO, GA, IA, ID, IL, IN, KS, KY, LA, MI, MO, MS, MT, NE, NM, OH, OK, OR, TN, TX, UT, WA, WI, WY
Principal Investments:
Investment grade bonds (72.4%), common stock (5.7%), non investment grade bonds (4.9%), preferred stock (0.2%), other (16.8%)
Corporate Info
Group Affiliation
Kemper Corporation
Investment Rating
Company Address
200 East Randolph Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 661-4600
NAIC Number
19887
Website
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