Kemper announces catastrophe loss estimate of $40M-$50M for April and May

theflyonthewall.com

Kemper Corporation announced its preliminary estimate for catastrophe losses from severe storms in April and May. Kemper estimates its Q2 earnings will include pre-tax catastrophe losses in the range of $40M-$50M for the months of April and May. The company does not expect to recover any of these losses under its catastrophe reinsurance program.

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