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CHICAGO, October 20, 2021--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced today that after the markets close on Thursday, October 28, Kemper will issue its third quarter 2021 earnings release, financial supplement, and Form 10-Q. Following their publication, these documents will be available on the investor section of kemper.com.
Kemper will host its conference call to discuss third quarter 2021 results on Thursday, October 28, at 5:00 p.m. Eastern (4:00 p.m. Central). The conference call will be accessible via the internet and by telephone at 844.200.6205, access code 208544. To listen via webcast, register online at the investor section of kemper.com at least 15 minutes prior to the webcast to install any necessary software. A replay of the webcast will be available online at the investor section of kemper.com.
Kemper also announced today that it anticipates its results will include pre-tax catastrophe losses ranging from $30 million to $35 million (approximately $24 million to $28 million after tax) for the quarter ending September 30, 2021, primarily related to Hurricane Ida and several wind/hail events. The company does not expect to recover any of these losses under its reinsurance programs.
Additionally, due to court rulings in the second quarter of 2021 related to Florida personal injury protection ("PIP"), Kemper has experienced a further increase in litigated PIP claims. Therefore, the company expects actual loss reserve development to exceed its historical expectations across most accident years. To account for this, Kemper intends to further strengthen its reserves for unpaid loss and loss adjustment expenses on prior accident years by an additional $22 million to $27 million pre-tax (approximately $17 million to $21 million after tax) for the quarter ending September 30, 2021.
The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $15 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.6 million policies, is represented by approximately 34,000 agents and brokers, and has approximately 10,000 associates dedicated to meeting the ever-changing needs of its customers.
Learn more about Kemper.
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