KEMPER CORP
Q1 2022 Form 13-F

Kemper has a significant footprint in the insurance industry, managing over 4.9 million policies and working with more than 23,700 agents and brokers. The company employs over 2,300 career agents to offer a variety of life insurance products.

To manage risks from catastrophes and natural disasters, Kemper employs geographic diversification, reinsurance, and catastrophe reinsurance programs. Their current reinsurance program covers losses exceeding $50 million, with a deductible of $200 million.

Kemper's pricing strategy is influenced by several factors, including claims frequency and severity, state regulations, competition, and overall economic conditions. The company operates in a highly competitive environment and aims to maintain profitability through underwriting discipline, efficient claims settlement, and expense management.

The company is subject to various state and federal regulations, which include approval requirements for policy rates and forms, restrictions on policy withdrawal and cancellation, and financial reporting obligations. Kemper's insurance subsidiaries also participate in state guaranty funds to cover policyholder losses from insolvent insurance companies.

Kemper emphasizes a culture of integrity and ethical behavior, aiming to empower employees through comprehensive benefits and compensation packages that include health insurance, life and disability insurance, a 401(k) retirement savings program, and an employee stock purchase program. The company invests in employee development through leadership programs and initiatives that promote career growth.

The company's Future of Work initiative focuses on creating a flexible work environment that supports teamwork and collaboration, adapts to changes, and ensures continued service to customers.

Overall, Kemper is a well-established insurance provider with a diverse range of products and a strong presence in both the property and casualty and life insurance markets.