If Curtis Boyd lives by one professional mantra, it's this: Unless a woman has full autonomy over her body, she lacks full citizenship and lives instead as a second-class citizen.

The controversial and celebrated abortion provider explains this thoughtfully on a hot, dry Fourth of July day in his Albuquerque o€ce. A wiry man of 80 years, Boyd wears a gray surgical gown and says he's working the holiday because the type of procedure that his clinic, Southwestern Women's Options, is known for requires multiple days.

The clinic sits near I-25 on Lomas Boulevard, a crowded east-west thoroughfare on the edge of downtown Albuquerque. Across the street looms a pink billboard paid for by the group Prolife Across America. "Save the babies, heartbeat 18 days," pleads the text. An infant's chubby face peers out at passersby, a reminder of the ire against Southwestern Women's Options even on days when no protesters show up.

Boyd speaks softly with a twinge of an accent that betrays the small east Texas town where he grew up. He sits on a leather chair in a corner room, away from where he and four other doctors perform surgical procedures.

A bookshelf includes dry medical encyclopedias and clinical contraception manuals, political titles and books that indicate his profession.

Boyd is a Christian; he says his spiritual background informs his work. Early in life, he was ordained as a Baptist minister. After medical school and residency, he became a Unitarian Universalist. In his medical practice, he chose to support women.

"Our role is to help her make a decision in the grace of God that she can live with," Boyd tells SFR and NM Political Report in a rare, in-depth interview.

His work performing abortions stretches to the pre-Roe v. Wade days of the late 1960s, when he practiced illegally in the unwelcoming confines of smalltown and big-city Texas. Pressure, real and perceived, from the law drove him away and into liberal Santa Fe, where a more tolerant citizenry welcomed his work in 1972, just a year before the Supreme Court granted abortion as a fundamental right.

Boyd soon repoened a clinic in Dallas and in 1985, opened an additional clinic in Albuquerque. The Santa Fe location closed in 1993.

Boyd isn't a typical abortion provider. Since 2010, his Albuquerque clinic has o™ered abortions for women during the third trimester of pregnancy, a procedure performed at only a handful of other clinics nationwide.

His practice draws an intense, emotional response from the anti-abortion community, making Southwestern Women's Options one of the most scrutinized abortion clinics in the country and New Mexico ground zero in the abortion wars.

Despite a failed Albuquerque citywide ballot initiative in 2013 that would have banned abortions after 20 weeks of gestation, two of the architects of that e™ort say they're focusing anew on shutting down Boyd's clinic. A yearslong legislative e™ort to limit abortion access shows no signs of abating, despite repeated failures to pass a bill for the governor's signature.

Last year, a controversial congressional subcommittee scrutinized Southwestern Women's Options amid a deeper dive into fetal tissue donation and research practices throughout the country. The investigation led to a lawsuit against the clinic over fetal tissue donation to the University of New Mexico and a request for a criminal investigation by state Attorney General Hector Balderas. The third-year AG, a Democrat, took up the case, and his oÂ∂ce says an investigation is still ongoing.

All this comes as the national Democratic Party flirts with softening its support for abortion rights and Supreme Court Justice Anthony Kennedy, who many view as the key swing vote generally in favor of abortion rights, is rumored to consider retirement.

Boyd, who is nearing the end of his career, knows this. "We have a long struggle ahead of us," he says.

Boyd began performing abortions in 1968, five years before the landmark Roe v. Wade decision legalized abortion throughout the nation.

At the time, he was providing the service in his hometown of Athens, Texas. With each procedure, he risked jail time and his medical license.

His patients came primarily through referrals from a network of clergy that had assembled an underground railroad of sorts to clinics willing to perform abortions before it was legal-the Clergy Consultation Service on Abortion.

Among its members was Carl Boaz, at the time an assistant minister at First Presbyterian Church in Richardson, Texas. In an interview, he says he always supported "a woman's right to decide what she should do with her body."

Boaz also heard "horror stories" about women who su‚ered after abortions at unsafe places in the 1960s.

"They had no one to talk to who really gave a damn about who they were as a child of God," Boaz says. "So it was important for me to provide a context that was non-judgmental, that was open to dealing with whatever emotions were prevalent."

Boyd signed on as one of the group's doctors. The ministers needed the help; they often weren't familiar with basic medical information about abortions.

Word spread quickly about Boyd's Athens practice. Boaz believes Boyd and others weren't discreet enough-though caution may have not been enough to prevent the coming crackdown. As Boyd tells it, clients drove to his clinic in Volkswagen cars-symbols of the hippie counterculture. That was more than enough to draw attention from authorities, especially in a small Texas town of fewer than 10,000 people.

Soon, Boyd noticed police cars sitting outside his clinic.

"I think they believed I was dealing in drugs," he says.

On the advice of one of his nurses, Boyd moved his practice to Dallas, where the big-city atmosphere might be more accommodating to his profession.

He didn't find it to be much different. After all, the Dallas district attorney, Henry Wade, became the defendant in the lawsuit that would eventually lead to the 1973 Supreme Court decision that shaped modern abortion access in the United States. Sometimes, Boyd grew paranoid when he saw a police car.

He set his sights on New Mexico, where the state allowed women to seek abortions for psychiatric reasons. While more lenient than Texas, Boyd still saw the law as demeaning: Women were essentially forced to tell a psychiatrist they were depressed and suicidal to have any chance of getting a legal abortion.

"They shouldn't have to do that; it's sort of humiliating," Boyd says. "But at least it was legal."

He opened a clinic near Atalaya Mountain on Santa Fe's east side. The city, he says, had "new-age draw" where "all the hip people were." To him, it was "the mecca."

"No one harassed me," he says. "We did our work."

At the time, the Roe v. Wade case headed to the Supreme Court. President Nixon had just appointed four conservatives to the high court, tilting its balance to the right. Boyd thought the case was doomed.

But the court ruled in favor of abortion rights, 7-2. One of Nixon's new appointees, Justice Harry Blackmun, even wrote the majority opinion, ruling, among other things, that states could not ban abortions up until the point that a fetus has a good chance of surviving outside the womb.

Today, that point di‚ers according to a hospital's resources, but it generally occurs around 24 weeks or more of pregnancy.

Federal law allows states to ban abortion procedures that take place beyond then. Forty-three states currently ban abortions at some point in the pregnancy, except in cases when the woman's life or health is in danger, according to the Guttmacher Institute. New Mexico is among the seven states, plus Washington, DC, that have no restrictions.

Boyd says he was "astounded" by the court's decision on Roe v. Wade.

"My nurse and my assistant, we just shouted, we were embracing each other, and I said, 'Oh, thank God almighty, it's over,'" he says.

But the buoyancy of the court victory didn't last. In the decades since, Boyd has dealt with protesters picketing his office, chaining themselves to his surgical tables in protest, and hurling constant death threats at him and his colleagues.

"For me, the worst has been since abortion was legalized," he says.

Boyd insists that federal law enforcement agencies such as the FBI and the US Marshals Service have been more willing to help clinics against threats of violence under Democratic administrations. "We had names to call, telephone numbers to call [of federal authorities] if we had any problem," he says.

As soon as Donald Trump became president, Boyd says that stopped again. "As always, it's politics," he says.

The faith community is as heavily divided on the abortion issue as the political community. Bud and Tara Shaver, a Christian couple who describe their strong-willed advocacy against abortion as a calling from God, represent the face of Boyd's opposition, an ever-present foil.

The couple met at a Bible college, got married and moved to Arizona. Ten years ago, they made it their lives' work to end abortion. The pledge came in a prayer on the drive back home from a Christian music festival. Tara had just visited a booth for Survivors of the Abortion Holocaust, an anti-abortion group known for using public displays of large signs of bloody fetuses as a protest tactic to bear witness to what it calls the "sin of abortion."

Before reading a pamphlet from Survivors, Tara says the abortion issue never really registered with her or her husband.

Of Survivors, she says, "their whole focus is kind of recruiting people who were born after 1973 and really casting the vision that if you were born after that time, you survived abortion."

The Shavers are among those born after Roe v. Wade was decided, and for them, the mission was clear. They moved to Wichita, Kansas, to organize against George Tiller, a doctor who performed abortions through the third trimester of gestation. They joined Operation Rescue, another controversial group that uses protest tactics similar to Survivors.

In 2009, a man named Scott Roeder shot Tiller to death as Tiller attended a Wichita church service. Operation Rescue denounced the murder and denied Roeder was a member of the group. Investigators found the phone number of Operation Rescue's then-senior policy advisor, Cheryl Sullenger, on a piece of paper in Roeder's car.

Sullenger, now the group's senior vice president, has her own past controversies. She served two years in prison in the late '80s and early '90s after pleading guilty to conspiracy for her involvement in the botched 1987 bombing of a California abortion clinic.

Tara defends Operation Rescue for "always denouncing violence" and protesting Tiller's practice for 10 years in a way that focused on "peaceful, legal action." "It's just kind of the scapegoat," she tells SFR and NM Political Report. "People want to look at some organization or someone to blame."

Boyd describes Tiller as a dear friend with whom he had worked for years. At the time of Tiller's death, the National Abortion Federation encouraged clinics already practicing second-trimester abortions to expand into third-trimester abortions. Boyd helped establish the federation, a trade association of sorts for abortion providers. His wife, Glenna Halvorson- Boyd, once served as its president.

"Glenna and I got together one evening," Boyd says. "We had just been looking at each other, thinking about the same thing. We said, 'We need to do this. We need to carry on this work that George was doing.'"

They soon hired two doctors who had worked with Tiller and specialized in the practice to come and work in their Albuquerque clinic.

As this happened, the Shavers came to New Mexico with the goal of shutting down Boyd's newly expanded practice. The couple allied with Fr. Stephen Imbarrato, a priest and then-director of Project Defending Life, and have since pushed a variety of anti-abortion e‚orts and causes. In 2013, they worked on a ballot initiative in Albuquerque that would have banned abortions after 20 weeks of gestation. Voters rejected it by a 10-point margin.

The Shavers now work with Abortion Free New Mexico, which focuses on using tactics outlined in a 2014 Operation Rescue manual that include undercover work to "bring accountability" to abortion.

The Shavers see no di‚erence between abortions performed earlier and later in a pregnancy; they say both are equally wrong. Their decision to focus on the latter is a political one.

"Late-term abortion is something we can use to kind of get people to think more clearly and scientifically and logically about what actually happens in an abortion procedure," Tara says.

Public support for these types of abortions varies. A Marist poll from 2014, for example, showed that six in 10 respondents favored banning abortions after 20 weeks. But a STAT News and Harvard University poll last year found the same number of respondents favored access to abortion after 24 weeks in cases of fetal anomalies like microcephaly, a birth defect.

Boyd says he sees patients "who are dying if they do not get the abortion, women who have severe congenital defects."

"Women don't have late-term abortions for frivolous reasons," he says. "They don't just get up one morning and say, 'I'm tired of this pregnancy. I'll call Dr. Boyd and get an abortion.' They go through an ethical decision-making process. They're trying to figure out, 'What is best for me, for my family, the children I have, the children I hope to have, for society?'"

These types of abortions are indeed rare. The most recent statistics from the federal Centers for Disease Control and Prevention show procedures that happen after 20 weeks of gestation account for just 1.3 percent of all abortions in the United States. (The CDC reported roughly 700,000 abortions total for 2012, the year studied). More than 91 percent of abortions happen in the first 13 weeks of gestation, while more than 65 percent happen in the first eight weeks.

Pregnancies last around 38 to 40 weeks on average. The second trimester ends around week 28 of the pregnancy. The third trimester lasts until birth.

Southwestern Women's Options advertises that it provides abortions for women through the 28th week of pregnancy. Any woman past 28 weeks of gestation seeking an abortion is admitted for procedures on a "case-by-case" basis, according to the clinic's website.

Boyd calls performing such procedures a privilege and "a powerful experience." Sometimes, his patients ask him to bless them and the fetus, which he does readily.

Because so few clinics opt to practice third-trimester abortions, Boyd's clinic draws patients from outside New Mexico. Boyd attributes this to the lack of services available elsewhere. "I know our reputation," he says.

So when he's asked about what he thinks when he hears Albuquerque described as "the late-term abortion capital of the nation"-a term the Shavers take credit for coining-Boyd responds wryly.

"A great sense of pride," he says.

The comment is tongue-in-cheek, but Boyd again gets serious defending what he describes as the dire importance of his work. New Mexico should be proud that it has a more open stance on women's reproductive rights than most states, he argues.

"I value the pregnancy," Boyd says. "The pregnant woman values the pregnancy. That's not the point. She has to make that decision that, 'My life and health might be at risk.' Or, she may have to think, 'I have a severely damaged baby and I need to take action to end this pregnancy. I'm not going to subject my family to this.'"

Regardless of the local anti-abortion groups, Boyd says he's found New Mexico to be supportive of women's reproductive rights-much more so than, say, Texas, where he says he experiences more protests and hostility at his Dallas clinic.

"New Mexico has strong women's coalitions," he says, including groups like Young Women United and local chapters of the Religious Coalition for Reproductive Choice, the National Organization for Women and the American Civil Liberties Union.

Joan Lamunyon Sanford, who heads the New Mexico Religious Coalition, traces her advocacy on the issue to being raised by independent-minded parents and brought up in the Methodist Church. Like Boaz, she says her advocacy for abortion rights boils down to economic, racial and social justice. Even if abortion becomes illegal, the privileged will have access to it if they want.

"It's a common thread across faith traditions that we're called to care for the people who live among the margins," Lamunyon Sanford says. "Our abortion funding is a call to access."

Yet resistance is strong where it exists. A handful of protesters flock to the Albuquerque clinic on a regular basis. Santa Fe lost its lone surgical abortion provider when she retired in 2011, although the city's Planned Parenthood clinic oÂ-ers misoprostol, sometimes known as the "abortion pill." A few protesters can occasionally be seen outside its St. Michael's Drive office.

Each year, the state Legislature hears a slew of bills to limit abortion access, among them a ban on all abortions after 20 weeks of pregnancy.

Those proposals, which feature impassioned testimony from both sides of the debate every year during the committee process, have never made it to the governor's desk. Some did, however, pass the state House of Representatives multiple times when Republicans controlled the chamber in 2015 and 2016.

Gov. Susana Martinez, now in her last year-and-a-half in o˜ce, signaled her support for the measures. And US Rep. Steve Pearce, the only Republican to so far announce a run for governor in 2018, has been vocal in his advocacy against abortion rights throughout his 13 years in Congress. Earlier this spring, Pearce joined Tennessee Rep. Marsha Blackburn, who chaired the Select Panel on Infant Rights, in a small rally against UNM's fetal tissue research practices.

Boyd would not comment directly on the lawsuit and attorney general's investigation into his clinic regarding fetal tissue donation. In the lawsuit, a former patient alleges the clinic donated her fetal tissue without her consent. In legal filings, Boyd's attorneys argue that the clinic's fetal tissue donation is done with proper consent.

Near the end of a lengthy interview in his Albuquerque o˜ce, another anecdote comes to Boyd's mind. It's from Justice Anthony Kennedy's 5-4 decision in the Supreme Court in 2007, upholding 2003's Partial-Birth Abortion Ban Act. Though he acknowledged no reliable data to back it up, Kennedy wrote that it seemed proper to assume that some women "come to regret their choice to abort the infant life they once created and sustained."

"The philosophical question you have to ask Justice Kennedy: Does she get to regret her decision, or does she get to regret your decision that you're forcing on her?" Boyd asks. "Where do you think the greater regret will lie, if she even has regret?"

He argues that the abortion debate comes down to a notion that has flowed through it like water for decades: choice.

"I don't really advocate for anyone to have an abortion," he says. "I advocate for the right for the woman to decide for herself whether she will continue that pregnancy or not."

This story was reported in collaboration with the NM Political Report, where Joey Peters is a staffwriter.

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation (Kemper) [NYSE: KMPR], collectively referred to as Kemper Property & Casualty Group (Kemper P&C or the group). AM Best also has revised the outlooks to negative from stable and affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) of Kemper’s life subsidiaries, collectively referred to as Kemper Life Group (Kemper Life) (Chicago, IL). Concurrently, AM Best has revised the outlook to negative from stable and affirmed the Long-Term ICR of “bbb-” (Good), the Long-Term Issue Credit Ratings (Long-Term IRs) and indicative Long-Term IRs of Kemper, the ultimate parent, headquartered in Chicago, IL. (See below for further discussion and a detailed listing of all companies and Credit Ratings [ratings].)

Lastly, AM Best has withdrawn the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Kemper Financial Indemnity Company (KFIC) (Chicago, IL), each with a stable outlook. KFIC was previously a subsidiary of Kemper and was sold on Sept. 1, 2026.

The ratings of Kemper P&C reflect the group’s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The negative outlooks reflect Kemper P&C’s earnings deterioration through late 2025 and early 2026, driven by the group’s concentrated business profile and exposure to the California auto insurance market. Furthermore, the negative outlooks account for California’s challenging regulatory environment, which may prolong the group’s ability to achieve rate adequacy and improve operating results. Results have been impacted by California’s increase in auto insurance liability limits in early 2025, which doubled bodily injury coverage minimums and tripled property damage limits. As the group’s business is primarily non-standard auto, a majority of its policyholders hold coverage at the minimum limits. As a result, Kemper P&C has experienced elevated claim severity due to the increase in limits and an increase in attorney attachment. AM Best notes there has been sequential improvement in underwriting results through the first half of 2026 but such results remain unprofitable. At the parent level, Kemper has experienced an increase in financial leverage, primarily as a result of a decline in shareholders equity. As of June 30, 2026, adjusted financial leverage (which considers equity credit for hybrid securities issued), stood at 28.6%, per AM Best’s calculation. In addition to underwriting losses, Kemper was impacted by a non-cash goodwill impairment and reciprocal surplus note credit loss allowance in the second quarter of 2026.

Management continues to implement strategic initiatives to correct performance. Kemper P&C has been pursuing rate adequacy actively through approved and pending California personal auto rate increases. The company had a 6.9% rate increase approved with an effective date in April 2026 and an additional 3.0% rate increase approved with an effective date in June 2026. As these rate increases continue to be filed and approved, AM Best expects a gradual improvement in performance.

The ratings of Kemper Life reflect the group’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile, appropriate ERM, as well as consideration of the group’s affiliation with lead rating unit, Kemper P&C. The negative outlooks for Kemper Life reflect the overall negative outlooks for Kemper and its insurance subsidiaries.

The FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) have been affirmed with the outlooks revised to negative from stable for the members of Kemper Property & Casualty Group:

• Trinity Universal Insurance Company
• Alpha Property & Casualty Insurance Company
• Capitol County Mutual Fire Insurance Company
• Charter Indemnity Company
• Financial Indemnity Company
• Infinity Insurance Company
• Infinity Assurance Insurance Company
• Infinity Auto Insurance Company
• Infinity Casualty Insurance Company
• Infinity Indemnity Insurance Company
• Infinity Safeguard Insurance Company
• Infinity Select Insurance Company
• Infinity Standard Insurance Company
• Infinity County Mutual Insurance Company
• Kemper Independence Insurance Company
• Merastar Insurance Company
• Mutual Savings Fire Insurance Company
• Old Reliable Casualty Company
• Response Insurance Company
• Response Worldwide Direct Auto Insurance Company
• Response Worldwide Insurance Company
• Union National Fire Insurance Company
• United Casualty Insurance Company of America
• Unitrin Advantage Insurance Company
• Unitrin Auto and Home Insurance Company
• Unitrin County Mutual Insurance Company
• Unitrin Direct Insurance Company
• Unitrin Direct Property & Casualty Company
• Unitrin Preferred Insurance Company
• Unitrin Safeguard Insurance Company
• Valley Property & Casualty Insurance Company
• Warner Insurance Company

The FSR of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) have been affirmed with the outlooks revised to negative from stable for the members of Kemper Life Group:

• United Insurance Company of America
• Mutual Savings Life Insurance Company
• The Reliable Life Insurance Company
• Union National Life Insurance Company

The following Long-Term IRs have been affirmed with the outlooks revised to negative from stable:

Kemper Corporation—

-- “bbb-” (Good) on $400 million 2.4% senior unsecured notes, due 2030
-- “bbb-” (Good) on $400 million 3.8% senior unsecured notes, due 2032
-- “bb” (Fair) on $150 million junior subordinated debentures, due 2062

The following indicative Long-Term IRs under the shelf registration have been affirmed with the outlooks revised to negative from stable for the shelf registration:

Kemper Corporation—

-- “bbb-” (Good) on senior unsecured debt
-- “bb+” (Fair) on subordinated debt
-- “bb” (Fair) on preferred stock

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260911885899/en/

Cristian Sieira, CFA, CPCU
Senior Financial Analyst
+1 908 882 2315
[email protected]

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Director
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Associate Director, Public Relations
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Senior Public Relations Specialist
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Source: A.M. Best Rating Services, Inc.