Fitch affirms Unitrin

Fitch Ratings said it affirmed Unitrin, Inc.'s holding company ratings, including the senior debt rating on its $610 million of senior notes at BBB- as well as the insurer financial strength ratings of its operating subsidiaries at A-.

The outlook is stable.

The affirmation of Unitrin's ratings reflects its adequate capitalization, modest financial leverage and operating results that remain within rating expectations, albeit below peer company results, the agency said.

Unitrin has taken several underwriting initiatives to improve its profitability; however, its results continue to be pressured by a persistently competitive property and casualty insurance marketplace and lower favorable reserve development, the agency added.

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