Kemper Corporation Announces Superstorm Sandy Loss Estimate
Kemper Corporation 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.
“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.”
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.”
Kemper made charitable donations totaling $25,000 to The Salvation Army and American Red Cross to assist those affected by Superstorm Sandy. Kemper will also match employee donations to these organizations.
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