Kemper Corporation is an insurance provider. With $12 billion in assets, the Kemper family of companies provides insurance for individuals, families and businesses.
History
Today's Kemper Corporation was originally founded as Unitrin, Inc. in April 1990, when it was spun off from Henry Singleton's conglomerate Teledyne. Singleton expected the new venture to duplicate the successful spin off of the Argo Group, originally a worker's compensation insurance provider, created in 1986. Argonaut's original $20 per share stock appreciated 240 percent by 1990. Singleton remained Chairman of Unitrin after it was spun off to shareholders at $31.25 per share, trading on NASDAQ. Unitrin divided its business into three major categories: life and health insurance, property and casualty insurance, and consumer finance, which covered a variety of services including automobile and industrial loans. In 2002, Unitrin purchased the renewal rights for the homeowners and automobile insurance lines of Kemper Insurance, a long-time Chicago insurance and financial services firm. In 2010, Unitrin purchased all rights to the Kemper name, and began operations as Kemper Corporation on August 25, 2011, with trading on the New York Stock Exchange under the KMPR ticker symbol. In November 2015, Joseph P. Lacher, Jr. was appointed President and Chief Executive Officer. Under Lacher's leadership, Kemper's annual revenue has increased 60% and the stock price more than doubled. The company unified and refreshed its brand in October 2018.
Acquisitions
In April 2015, Kemper acquired Alliance United Insurance Company, one of the fastest growing auto insurance providers in the State of California. Source: In July 2018, Kemper acquired Infinity Property and Casualty Corporation, an auto insurance provider focused on serving the specialty, nonstandard segment, in a cash and stock transaction valued at approximately $1.4 billion.
Services
Through their businesses, Kemper:
Offers insurance for auto, home, life, health and valuables
Services approximately 6.3 million policies
Is represented by more than 30,000 agents and brokers
Employs over 8,100 associates dedicated to providing exceptional service
