UNITRIN INC

Kemper Corporation is an American insurance provider with corporate headquarters located in Chicago, Illinois. With nearly $13 billion in assets, the Kemper family of companies provides insurance to individuals, families, and businesses.

History

Kemper Corporation was originally founded as Unitrin, Inc. in April 1990, when it 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 workers’ 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.

The company unified and refreshed its brand in October 2018.

Fortune Magazine included Kemper on its 2020 list of the 100 fastest-growing companies.

On November 23, 2020, the company announced it had entered into a definitive agreement to acquire American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings, LLC, and its subsidiaries (collectively “AAC”), in a cash transaction valued at $370 million. On April 1, 2021, the company announced it had completed the acquisition of AAC. AAC provided specialty private passenger auto insurance in Arizona, Illinois, Indiana, Nevada and Texas.

The Kemper Open was a professional golf tournament on the PGA Tour for 35 years, from 1968 through 2002.

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 (NASDAQ: IPCC), an auto insurance provider focused on serving the specialty, nonstandard segment, in a cash and stock transaction valued at approximately $1.4 billion.

In April 2021, Kemper completed the acquisition of Downers Grove, Illinois based American Access Casualty Company. American Access Casualty Company specializes in automobile insurance directed towards the Hispanic community.

Subsidiaries

Kemper Property & Casualty

Kemper’s Property & Casualty Insurance segment includes the following businesses:

Kemper Auto, a national provider of auto insurance with a concentration on non-standard auto insurance

Infinity, a provider of non-standard auto insurance for drivers in the State of California only

Kemper Personal Insurance, which provides both home and auto insurance to the company’s preferred/standard book of business

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

Kemper’s Life & Health insurance segment is made up of the following businesses:

Kemper Life

Life & Health Insurance Companies

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 department

United Insurance Company of America

United Casualty Insurance Company of America

Union National Fire Insurance Company

Other Affiliated Insurance Companies

Capitol County Mutual Fire Insurance Company

Old Reliable Casualty Company

Unitrin County Mutual Insurance Company