Kemper auto loss trend assumptions in 5% to 6% range: CFO McKinney
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Kemper auto loss trend assumptions in 5% to 6% range: CFO McKinney

Kyoung-son Song
February 02, 2023
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Kemper CFO James McKinney said that the company’s loss cost assumptions for auto are in the 5% to 6% range, as the carrier continues to see challenges including “severity trend inflation, seasonality and modest adverse development”.

In response, McKinney said that the company will focus on taking rate across geographies and lowering expenses.

Speaking on a call with analysts, CEO Joe Lacher projected that the company will be profitable in the first half of the year...

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Kyoung-son Song
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