AM Best affirms Kemper rating following rate increases, line exits
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AM Best affirms Kemper rating following rate increases, line exits

Shelby Rosenberg
August 24, 2023
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AM Best has affirmed Kemper P&C’s financial strength rating of A- and long-term issuer credit rating of a- following rate hike approvals in California and the carrier’s exit from the preferred home and auto market.

The ratings agency had downgraded the FSR of Kemper’s property and casualty subsidiaries to A- from A in August 2022, citing “prolonged earnings deterioration” and a challenging economic and regulatory environment.

The

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