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Kemper

#2973

Rank

$4.21B

Marketcap

US United States

Country

Kemper
Leadership team

Mr. Joseph Patrick Lacher Jr. (Non-Exec. Chairman, CEO & Pres)

Mr. James J. McKinney (Exec. VP & CFO)

Mr. John Michael Boschelli (Exec. VP & Chief Investment Officer)

Products/ Services
Consumer, Financial Services, Insurance
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
1990
Company Registration
SEC CIK number: 0000860748
Revenue
Above - 1B
Traded as
KMPR
Social Media
Overview
Location
Summary
Kemper Corporation, a diversified insurance holding company, provides property and casualty, and life and health insurance in the United States. The company operates through three segments: Specialty Property & Casualty Insurance, Preferred Property & Casualty Insurance, and Life & Health Insurance. It provides automobile, homeowners, renters, fire, umbrella, general liability, and various other property and casualty insurance to individuals, as well as commercial automobile insurance to businesses. The company also offers life insurance, including permanent and term insurance, as well as supplemental accident and health insurance products; and Medicare supplement insurance, fixed hospital indemnity, home health care, specified disease, and accident-only plans to individuals in rural, suburban, and urban areas. It distributes its products through independent agents and brokers. The company was formerly known as Unitrin, Inc. and changed its name to Kemper Corporation in August 2011. Kemper Corporation was incorporated in 1990 and is headquartered in Chicago, Illinois.
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.In May 2020, Joseph P. Lacher, Jr. was elected Chairman of the Board, in addition to his role as President and Chief Executive Officer.

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 , 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.

Mission
Kemper at a glance The Kemper family of companies is one of the nation’s leading insurers. With $11 billion in assets, Kemper is improving the world of insurance by offering personalized solutions for individuals, families and businesses.
Vision
Our vision is to be a leader in the insurance industry, recognized for delivering outstanding customer service, a strong financial performance and innovative products.
Key Team

Mr. Duane Allen Sanders (Exec. VP and Pres of P&C Claims & Personal Insurance)

Ms. Ismat Aziz (Exec. VP, Chief HR Officer & Chief Admin. Officer)

Mr. Charles Tipton Brooks (Exec. VP of Operations & Systems)

Karen Guerra (VP of Investor Relations)

Mr. James Alexander (Sr. VP, Chief Accounting Officer & Principal Accounting Officer)

Mr. Carl Thomas Evans Jr. (Exec. VP, Gen. Counsel & Sec.)

Ms. Barbara Ciesemier (Assistant VP of Corp. Communications)

Recognition and Awards
Kemper has been recognized for its commitment to customer service and financial stability by a number of industry awards, including being named the number one home insurance provider in the nation by Consumer Reports, and the recipient of the J.D. Power Award for customer satisfaction.
References
Kemper
Leadership team

Mr. Joseph Patrick Lacher Jr. (Non-Exec. Chairman, CEO & Pres)

Mr. James J. McKinney (Exec. VP & CFO)

Mr. John Michael Boschelli (Exec. VP & Chief Investment Officer)

Products/ Services
Consumer, Financial Services, Insurance
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
1990
Company Registration
SEC CIK number: 0000860748
Revenue
Above - 1B
Traded as
KMPR
Social Media