Kemper is an American

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

provider with corporate headquarters located in

Chicago, Illinois (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

. With nearly $15 billion in assets, the Kemper family of companies provide

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 Singleton may refer to: Sciences, technology Mathematics * Singleton (mathematics), a set with exactly one element * Singleton field, used in conformal field theory Computing * Singleton pattern, a design pattern that allows only one instance ...

expected the new venture to duplicate the successful spin off of the Argo Group, originally a

workers’ compensation Workers' compensation or workers' comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her emp ...

provider, created in 1986. Argonaut's original $20 per share stock appreciated 240 percent by 1990.

remained

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group ...

of Unitrin after it was spun off to shareholders at $31.25 per share, trading on

NASDAQ The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second ...

. Unitrin divided its business into three major categories: life and health

, property and casualty

, 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

lines of Kemper Insurance, a long-time

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = List of sovereign states, Count ...

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 The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its liste ...

under the KMPR ticker symbol. In November 2015, Joseph P. Lacher, Jr. was appointed

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

and

Chief Executive Officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

. The company unified and refreshed its brand in October 2018.

Fortune Magazine ''Fortune'' is an American multinational business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The ...

included Kemper on its 2020 list of the 100 Fastest-Growing Companies. In May 2020, Joseph P. Lacher, Jr. was elected

Chairman of the Board The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group ...

, in addition to his role as

and

. On November 23, 2020, the company announced it had entered into a definitive agreement to acquire American Access Casualty Company and its related captive

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

Arizona Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a state in the Southwestern United States. It is the 6th largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is part of the Fou ...

Illinois Illinois ( ) is a state in the Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolitan areas include, Peoria and Rock ...

Indiana Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th ...

Nevada Nevada ( ; ) is a U.S. state, state in the Western United States, Western region of the United States. It is bordered by Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. N ...

and

Texas Texas (, ; Spanish: ''Texas'', ''Tejas'') is a state in the South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2020, it is the second-largest U.S. state by ...

. The

Kemper Open The Kemper Open was a golf tournament on the PGA Tour from 1968 to 2006. Perhaps more so than any other "regular" PGA Tour stop, the event wandered about, not just from course to course within a given metropolitan area, but along the East Coast. ...

was a professional

golf Golf is a club-and-ball sport in which players use various clubs to hit balls into a series of holes on a course in as few strokes as possible. Golf, unlike most ball games, cannot and does not use a standardized playing area, and coping wi ...

tournament on the

PGA Tour The PGA Tour (stylized in all capital letters as PGA TOUR by its officials) is the organizer of professional golf tours in the United States and North America. It organizes most of the events on the flagship annual series of tournaments also ...

for 35 years, from

1968 The year was highlighted by protests and other unrests that occurred worldwide. Events January–February * January 5 – " Prague Spring": Alexander Dubček is chosen as leader of the Communist Party of Czechoslovakia. * J ...

through

2002 File:2002 Events Collage.png, From left, clockwise: The 2002 Winter Olympics are held in Salt Lake City; Queen Elizabeth The Queen Mother and her daughter Princess Margaret, Countess of Snowdon die; East Timor gains East Timor independence, indepe ...

Acquisitions

In April 2015, Kemper acquired Alliance United Insurance Company, one of the fastest growing auto insurance providers in the

State of California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the ...

. 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 is a national provider of auto insurance with a concentration on non-standard auto insurance * Infinity, a Kemper Company is a provider of non-standard auto insurance for drivers in the State of California only * Kemper Personal Insurance 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 * Kemper Health * Kemper’s Reserve National business offers hospital, surgical, accident, supplemental, specified disease, and life insurance plans.

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 Companresearch 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

References

{{Authority control Companies based in Chicago Financial services companies established in 1990 Companies formerly listed on the Nasdaq Companies listed on the New York Stock Exchange Insurance companies of the United States Insurance companies based in Illinois