Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been fair, averaging 6.6% over the past five years. Fair long-term capitalization index (4.4) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good overall results on stability tests (5.1) despite excessive premium growth, weak risk adjusted capital in prior years and negative cash flow from operations for 2023. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
All states except KS, LA, NH, NJ, VT, WY
Principal Investments:
Investment grade bonds (39.6%), common stock (27.1%), real estate (15.6%), non investment grade bonds (0.9%), other (16.7%)
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
22268
Website
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