AM Best downgrades Kemper P&C to A- citing prolonged earnings deterioration
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AM Best downgrades Kemper P&C to A- citing prolonged earnings deterioration

Jairo Ibarra
August 11, 2022
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AM Best has downgraded the financial strength rating (FSR) of Kemper’s property and casualty subsidiaries to A- from A citing “prolonged earnings deterioration” and a challenging economic and regulatory environment.

The ratings agency noted that Kemper’s P&C units have reported unfavorable underwriting performance over the last 18 months, as the personal lines carrier grapples with elevated inflation and supply chain issues in the auto sector.

While

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Jairo Ibarra
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