Kemper exits preferred home & auto insurance; $500M premium, $45.5M impairment

KEMPER Corp

All preferred home/auto policies will be non-renewed or canceled per state regulations.
Preferred P&C business includes eight underwriting companies, ~$500M written premium.
After-tax goodwill impairment of $45.5M previously recorded from strategic review.
Exit releases capital to support core specialty auto (Kemper Auto) and life (Kemper Life).
CEO Lacher cites thoughtful evaluation; no impact on specialty or life segments.

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