Kemper
#2922
Rank
$4.56B
Marketcap
United States
Country
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)
Summary
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
Vision
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
References
https://en.wikipedia.org/wiki/Kemper_Corporation
https://in.investing.com/equities/kemper-corp
https://finance.yahoo.com/quote/KMPR/profile?p=KMPR
https://www.comparably.com/companies/kemper/mission
https://www.crunchbase.com/organization/kemper-corporation
https://sec.report/CIK/0000860748
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)