Diverse earnings from property/casualty (P/C) and life/retirement segments Increasingly favorable market share in the nonstandard auto segment due to the Infinity Property&Casualty Corp. acquisition Steady earnings from the life segment and investment income Susceptibility to P/C earnings volatility Underperforming nonstandard auto business vis-à-vis peers Integration risks from the Infinity transaction S&P Global Ratings' ratings on Kemper Corp. and its core operating subsidiaries (collectively, Kemper) reflects the group's strong business and financial risk profiles that lead to an anchor of either 'a' or 'a-'. We assigned the lower, given the company's historical operating performance that lags peers. We view the announced purchase of Infinity for roughly $1.6 billion in cash and stock, as favorable to its business risk profiles
