Kemper Corp Sees Sandy Catastrophe Loss About $45M Pretax
Kemper Corporation (NYSE: KMPR) today announced its estimate of catastrophe losses from Superstorm Sandy. The company expects fourth quarter 2012 earnings will include approximately $45 million in pre-tax catastrophe losses related to the storm. The company does not anticipate any recoveries under its catastrophe reinsurance program.
Don Southwell, Kemper's Chairman, President and Chief Executive Officer commented: “Our thoughts are with those individuals who have been affected by Superstorm Sandy. Our service teams remain hard at work assisting customers as they rebuild and recover from the impacts of the storm.”
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