Kemper discloses $8mn adverse reserve development for Q4
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Kemper discloses $8mn adverse reserve development for Q4

Giovanna Bellotti Azevedo
January 26, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
kemper chicago.jpg

Auto insurer Kemper has disclosed $8mn of unfavorable prior year reserve development for Q4, primarily driven by an increase in third party loss settlement costs, reduced salvage values, and an increase in Florida PIP defense cost.

In a preliminary earnings release ahead of publishing its full results on February 2, Kemper disclosed estimated figures that reflect adverse pressure on reserves due in large part to accumulative legal costs throughout last year.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsResultsKemperEarnings
Giovanna azevedo headshot new.jpg
Giovanna Bellotti Azevedo
Editor
Gift this article