Kemper Corp. said that it estimates that its second quarter 2016 results will include pre-tax catastrophe losses of approximately $52 million. The company said it does not expect to recover any of these losses under its catastrophe reinsurance program.
While the losses were related to a number of storms, the company noted that one hail storm in north Texas in mid-April heavily impacted its policyholders in that area.
Kemper said it will issue its second quarter 2016 earnings release on Aug. 4 after markets close.
Topics Catastrophe Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Redfin Reports Home Sales Dropping Fast in Five Florida Metro Areas 
Florida Citizens’ Brass Tired of ‘Clickbait’ News on its Hurricane Claims Denials 
Allianz Offers 5 Loss Trends to Watch on the Liability Front 
Zurich 热点黑料 Group Sets New Targets After Meeting Existing Ones a Year Early 
