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

Giovanna Bellotti Azevedo
October 28, 2021
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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

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Giovanna Bellotti Azevedo
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