A.M. Best Comments on the Ratings of Kemper Corporation and Subsidiaries Following Acquisition Announcement

OLDWICK, N.J.--()--A.M. Best has commented that the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the property/casualty subsidiaries (collectively referred to as Kemper Property and Casualty Group) of Kemper Corporation (Kemper Corp.) [NYSE:KMPR] are unchanged following the announcement that Kemper Corp. has agreed to acquire Alliance United Group (Alliance United) (Camarillo, CA) and its wholly-owned subsidiaries.

The closing is expected to take place in the first half of 2015, and is subject to regulatory approvals and other customary closing conditions.

With this acquisition, Alliance United will expand Kemper’s presence in California’s non-standard private passenger auto market.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Key insurance criteria reports utilized:

  • Risk Management and the Rating Process for Insurance Companies
  • Understanding BCAR for Property/Casualty Insurers
  • Rating Members of Insurance Groups
  • Catastrophe Analysis in A.M. Best Ratings

This press release relates to rating(s) that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Contacts

A.M. Best Company
Michael T Venezia, 908-439-2200, ext. 5034
Senior Financial Analyst
michael.venezia@ambest.com
or
Gary Davis, 908-439-2200, ext. 5665
Assistant Vice President
gary.davis@ambest.com
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

Contacts

A.M. Best Company
Michael T Venezia, 908-439-2200, ext. 5034
Senior Financial Analyst
michael.venezia@ambest.com
or
Gary Davis, 908-439-2200, ext. 5665
Assistant Vice President
gary.davis@ambest.com
or
Christopher Sharkey, 908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com