Kemper Corporation
| Company type | Public |
|---|---|
| Industry | Insurance |
| Predecessor | Unitrin, Inc. |
| Founded | April 1990 |
| Founder | Henry Singleton (as part of Teledyne conglomerate separation) |
| Headquarters | Chicago , United States |
Area served | United States |
Key people | Joseph P. Lacher, Jr. (President and CEO) |
| Products | Life insurance, health insurance, property and casualty insurance, consumer finance |
| Website | www |
Kemper Corporation is a U.S.-based insurance company with its main office located in Chicago, Illinois. Managing assets close to $13 billion, Kemper delivers a range of insurance solutions tailored for individuals, families, and commercial clients.
History
Originally established as Unitrin, Inc. in April 1990 after separating from Henry Singleton's conglomerate Teledyne, Unitrin sought to emulate the achievements of Argo Group, a workers’ compensation insurer founded in 1986. Singleton continued serving as Chairman post-separation, with Unitrin shares initially trading on NASDAQ at $31.25 each. The company’s operations centered on life and health insurance, property and casualty coverage, along with consumer finance offerings such as automotive and industrial lending.
In 2002, Unitrin acquired renewal rights for homeowners and auto insurance policies from Kemper Insurance, a well-established insurer based in Chicago.
By 2010, Unitrin had obtained full rights to utilize the Kemper brand and subsequently rebranded itself as Kemper Corporation on August 25, 2011, commencing trading on the New York Stock Exchange under the symbol KMPR.
Joseph P. Lacher, Jr. assumed the roles of President and CEO in November 2015.
In October 2018, the company undertook a brand refresh to consolidate and strengthen its market identity.
Fortune Magazine honored Kemper in 2020 by listing it among the 100 fastest-growing companies.
On November 23, 2020, Kemper declared its intent to acquire American Access Casualty Company (AAC) and its captive agency Newins Insurance Agency Holdings for $370 million in cash. AAC specialized in private passenger auto insurance across Arizona, Illinois, Indiana, Nevada, and Texas. This acquisition was finalized on April 1, 2021.
From 1968 until 2002, the PGA Tour golf event known as the Kemper Open was sponsored by the company.
Acquisitions
In April 2015, Kemper expanded by acquiring Alliance United Insurance Company, an emerging auto insurer operating in California.
In July 2018, Kemper completed the purchase of Infinity Property and Casualty Corporation (NASDAQ: IPCC), a specialty nonstandard auto insurance provider, through a combined cash and stock transaction valued at approximately $1.4 billion.
In April 2021, Kemper finalized the acquisition of American Access Casualty Company headquartered in Downers Grove, Illinois; AAC focuses primarily on automobile insurance catering to the Hispanic demographic.
Kemper Property & Casualty
The Property & Casualty division of Kemper encompasses:
- Kemper Auto, a nationwide provider specializing in non-standard auto insurance
- Infinity, dedicated exclusively to non-standard auto insurance clients within California
- Kemper Personal Insurance, delivering home and auto coverage for preferred and standard customers
Property & Casualty Insurance Companies
- Alpha Property & Casualty Insurance Company
- Alliance United Insurance Company
- Charter Indemnity Company
- Financial Indemnity Company
- Infinity Insurance Company
- Infinity Auto Insurance Company
- Infinity Assurance Insurance Company
- Infinity Casualty Insurance Company
- Infinity County Mutual Insurance Company
- Infinity Indemnity Insurance Company
- Infinity Preferred Insurance Company
- Infinity Safeguard Insurance Company
- Infinity Select Insurance Company
- Infinity Standard Insurance Company
- Infinity Security Insurance Company
- Kemper Financial Indemnity Company
- Kemper Independence Insurance
- Merastar Insurance Company
- Mutual Savings Fire Insurance Company
- Response Insurance Company
- Response Worldwide Direct Auto Insurance Company
- Response Worldwide Insurance Company
- Trinity Universal Insurance Company
- Unitrin Advantage Insurance Company
- Unitrin Auto and Home Insurance Company
- Unitrin Direct Insurance Company
- Unitrin Direct Property & Casualty Company
- Unitrin Preferred Insurance Company
- Unitrin Safeguard Insurance Company
- Valley Property & Casualty Insurance Company
- Warner Insurance Company
Kemper Life & Kemper Health
The Life & Health insurance division of Kemper encompasses:
- Kemper Life
Life & Health Insurance Entities
- Mutual Savings Fire Insurance Company
- Mutual Savings Life Insurance Company
- Reserve National Insurance Company
- The Reliable Life Insurance Company
- Union National Life Insurance Company research division
- United Insurance Company of America
- United Casualty Insurance Company of America
- Union National Fire Insurance Company
Additional Affiliated Insurance Firms
- Capitol County Mutual Fire Insurance Company
- Old Reliable Casualty Company
- Unitrin County Mutual Insurance Company