Kemper Announces Exit From Preferred Home And Auto Business
Portfolio Pulse from Benzinga Newsdesk
Kemper Corporation (NYSE:KMPR) is exiting the preferred home and auto insurance market, which is sold through its Kemper Personal Insurance brand. The decision was made after a strategic review and will allow the company to release capital and increase resources for its core specialty auto and life businesses. This move does not impact Kemper's specialty auto business, Kemper Auto, and its life business, Kemper Life.
August 07, 2023 | 8:09 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Kemper's decision to exit the preferred home and auto insurance market could potentially free up capital and resources for its core businesses. However, it also means the company is losing a source of revenue.
Kemper's decision to exit the preferred home and auto insurance market is a significant strategic move. While it could free up capital and resources for its core businesses, it also means the company is losing a source of revenue, which could impact its financial performance in the short term. However, the long-term impact will depend on how effectively the company can grow its core businesses with the freed-up resources.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100