Moody’s affirms Kemper on acquisition

Moody's Investors Service said it affirmed the Baa3 senior debt rating of Kemper Corp. as well as the A3 insurance financial strength rating of its lead property and casualty insurance subsidiary, Trinity Universal Insurance Co., following the announcement that it entered into an agreement to acquire Infinity Property and Casualty Corp. (IPCC) for about $1.3 billion in stock and cash.

The outlook remains stable.

This action does not affect the A3 insurance financial strength rating of Kemper's lead life insurance subsidiary, United Insurance Co. of America.

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