S&P: Kemper outlook negative

Standard & Poor's said it revised its outlook on Kemper Investors Life Insurance Co. to negative from stable and affirmed its A- counterparty credit and financial strength ratings.

The agency said the negative outlook reflects its opinion that the company will face ongoing execution risks to build its business profile and achieve its ambitious profit and growth targets in the current difficult market environment.

The ratings reflect the demonstrated support of Kemper's management by parent Zurich Financial Services Group and sister company Farmers New World Life Insurance Co., Kemper's very strong capitalization and its strong liquidity, the agency said.

Offsetting these strengths are the company's very modest business profile and limited track record in achieving its growth and performance targets in its chosen market niches, S&P said.

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