AM Best Revises Outlooks to Positive; Affirms Credit Ratings of Kemper Corporation, Its Affiliates and Subsidiaries
The Kemper P&C ratings reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). Kemper P&C’s rating affirmations are attributable to its strongest level of risk-adjusted capitalization, favorable operating results and established position in the nonstandard auto market.
The Kemper L&H ratings reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate ERM. Kemper L&H’s ratings reflect its risk-adjusted capitalization, which is at the strongest level, favorable capital-to-liability ratio, and a steady, meaningful and diverse source of earnings to
The positive outlooks reflect AM Best’s expectation that the integration of Infinity will continue to enhance the financial strength of the organization and strengthen its position in the marketplace as one of the leading nonstandard auto writers in
The outlooks have been revised to positive from stable and the FSR of A- (Excellent) and the Long-Term ICRs of “a-”affirmed for the members of the
-
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 Preferred Insurance Company -
Infinity Safeguard Insurance Company -
Infinity Security 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 -
Mutual Savings Fire Insurance Company -
Kemper Financial Indemnity 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 outlooks have been revised to positive from stable and the FSR of A- (Excellent) and the Long-Term ICRs of “a-” affirmed for the members of
-
United Insurance Company of America -
Mutual Savings Life Insurance Company - The
Reliable Life Insurance Company -
Union National Life Insurance Company -
Reserve National Insurance Company
The outlook has been revised to positive from stable and the following Long-Term IR has been affirmed:
Kemper Corporation—
-- “bbb-” on
The outlooks have been revised to positive from stable and the following indicative Long-Term IRs have been affirmed for the shelf registration:
Kemper Corporation—
-- “bbb-” on senior unsecured debt
-- “bb+” on subordinated debt
-- “bb” on preferred stock
The outlook has been revised to positive from stable and the following Long-Term IR has been affirmed:
Infinity Property and Casualty Corporation—
-- “bbb-” on
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 media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in
Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Financial Analyst— P/C
+1 908 439 2200, ext. 5689
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Senior Financial Analyst— L/H
+1 908 439 2200, ext. 5144
[email protected]
+1 908 439 2200, ext. 5159
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Director, Public Relations
+1 908 439 2200, ext. 5644
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Source: AM Best
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