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.

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