S&P ups Kemper

S&P said it upgraded Kemper Corp.’s issuer credit rating to BBB from BBB-. The agency also upgraded the issuer credit ratings of Kemper’s property and casualty core subsidiaries to A from A-.

“The upgrade recognizes Kemper's momentum in improving underwriting performance and reducing the volatility associated with catastrophe losses. These efforts have been further enhanced by the acquisition and integration of Infinity, which had been a strong underwriter with a large nonstandard auto book of business,” S&P said in a press release.

The long-term issuer credit ratings on United Insurance Co. of America, Reliable Life Insurance Co., and Union National Life Insurance Co. (collectively, Kemper Home Services Cos. or KHSC) are unaffected by this action.

The outlook is stable.

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