AM Best goes negative on Kemper’s ‘A’ FSR after earnings deterioration
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AM Best goes negative on Kemper’s ‘A’ FSR after earnings deterioration

James Thaler
February 02, 2022
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Ratings agency AM Best has revised its outlook for Kemper Corp’s financial strength rating to ‘negative’ from ‘stable’, citing “significant earnings deterioration” as a motivating factor, and expressing concern that continued earnings weakness could lead to further capital erosion.

The ratings agency said it currently categorizes Kemper’s balance sheet strength as “ very strong”, while viewing Kemper’s operating performance as “adequate”, business profile “neutral” and enterprise risk management practices “appropriate”.

However,

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