Reinsurance News

Kemper’s Q3 results to include cat losses of up to $68mn

20th October 2020 - Author: Katie Baker

Kemper Corporation has announced that it anticipates its third quarter 2020 results will include pre-tax catastrophe losses ranging from $62 million to $68 million, primarily related to wildfire and hurricane events.

Kemper-Auto-LogoThe company notes that it does not expect to recover any of these losses under its reinsurance programs. Adding that with these events, it has met its catastrophe aggregate retention level.

Kemper released its Q2 results back in August, where it reported a net income of $126.1 million for period, a slight increase from $122.1 million in the prior year quarter.

The company intends to release its Q3 results after the markets close on Monday, November 2, 2020. It will also be filing its quarterly report on Form 10-Q with the Securities and Exchange Commission.

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