Fitch Ratings has affirmed Kemper Corp.'s BBB issuer default rating.

The rating agency also affirmed the A- insurer financial strength ratings of Kemper operating subsidiaries Trinity Universal Insurance Co., United Insurance Co. of America, Union National Life Insurance Co. and Reliable Life Insurance Co.

The ratings outlook is stable.

Fitch said Kemper's ratings reflect deterioration in 2016 underwriting results, volatile earnings profile caused by natural catastrophe exposures and weakened debt servicing capability. The ratings also take into account the company's strong capitalization and business profile.

The ratings of Kemper's subsidiaries reflect continued stable underlying earnings, strong capitalization and effective niche in the home service market.