Kemper expects Q3 reserve charge of $78mn due to PIP claims in Florida
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Kemper expects Q3 reserve charge of $78mn due to PIP claims in Florida

Farhin Lilywala
October 23, 2023
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Auto insurer Kemper has estimated unfavorable prior-year reserve development of $78mn in Q3 2023, largely associated with personal injury protection (PIP) in Florida.

The company expects a net loss for the quarter of between $140mn-$150mn and a net operating loss in the range of $25mn-$35mn, according to a preliminary earnings release.

Kemper

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Farhin Lilywala
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