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Fitch ups Kemper
Fitch Ratings said it upgraded Kemper Corp.’s senior debt ratings to BBB from BBB- and upgraded Kemper’s long-term issuer default rating to BBB+ from BBB. The outlook for Kemper’s issuer default rating was revised to stable from positive.
Fitch cited improved results at Kemper’s Trinity Universal.
In addition, the reported nine-month 2019 GAAP combined ratio improved to 93%, down from 98.2% for full-year 2018 as reported results benefited from favorable pricing actions, loss experience and reduction in purchase accounting related expenses.
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