Kemper Corporation 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 protect ...

provider with corporate headquarters located in

Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. It borders on Lake Michigan to its northeast, the Mississippi River to its west, and the Wabash River, Wabash and Ohio River, Ohio rivers to its ...

. With nearly $13 billion in assets, the Kemper family of companies provides

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 Teledyne Technologies Incorporated is an American industrial conglomerate. It was founded in 1960, as Teledyne, Inc. by Henry Singleton and George Kozmetsky. From August 1996 to November 1999, Teledyne existed as part of the conglomerate Al ...

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 chair, also chairman, chairwoman, or chairperson, 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 gro ...

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) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

. 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

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, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

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: Arts and entertainment Film and television *'' Præsident ...

and

Chief Executive Officer A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

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

Fortune Magazine ''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. T ...

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

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 is a U.S. state, state in the Southwestern United States, Southwestern region of the United States, sharing the Four Corners region of the western United States with Colorado, New Mexico, and Utah. It also borders Nevada to the nort ...

Indiana Indiana ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Michigan to the northwest, Michigan to the north and northeast, Ohio to the east, the Ohio River and Kentucky to the s ...

Nevada Nevada ( ; ) is a landlocked state in the Western United States. It borders Oregon to the northwest, Idaho to the northeast, California to the west, Arizona to the southeast, and Utah to the east. Nevada is the seventh-most extensive, th ...

and

Texas Texas ( , ; or ) is the most populous U.S. state, state in the South Central United States, South Central region of the United States. It borders Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the we ...

. 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 Coas ...

was a professional

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

tournament on the

PGA Tour The PGA Tour (stylized as PGA TOUR by its officials) is the organizer of professional golf tours in North America. It organizes most of the events on the flagship annual series of tournaments also known as the PGA Tour, the PGA Tour Champion ...

for 35 years, from

1968 Events January–February * January 1968, January – The I'm Backing Britain, I'm Backing Britain campaign starts spontaneously. * January 5 – Prague Spring: Alexander Dubček is chosen as leader of the Communist Party of Cze ...

through

2002 The effects of the September 11 attacks of the previous year had a significant impact on the affairs of 2002. The war on terror was a major political focus. Without settled international law, several nations engaged in anti-terror operation ...

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 U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

. 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

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 Companies in the S&P 400