Kemper posts $157mn underwriting loss on worsening underlying LR, $25mn reserve charge
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Kemper posts $157mn underwriting loss on worsening underlying LR, $25mn reserve charge

Giovanna Bellotti Azevedo
October 28, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
kemper-corporation-logo-chicago-il.jpg

Chicago-based specialty insurer Kemper swung to a net operating loss of $59.3mn for the third quarter, as it booked another hefty reserve charge amid a surge in personal injury protection litigation in Florida.

The results reversed an operating profit of $119.2mn in same period last year. The downturn came as the company shifted to a $157mn underwriting loss from a $165mn gain last year.

Kemper

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

News Kemper Specialty lines Earnings
Giovanna azevedo headshot new.jpg
Giovanna Bellotti Azevedo
Editor
Gift this article