Profile: Kemper Corp (KMPR.N)
19 Jul 2019
Kemper Corporation (Kemper), incorporated on February 14, 1990, is a diversified insurance holding company. The Company, through its subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company operates through two segments: Property & Casualty Insurance, and Life & Health Insurance.
Property & Casualty Insurance
The Property & Casualty Insurance segment's products include personal automobile insurance, both preferred and nonstandard, homeowners insurance, other personal insurance and commercial automobile insurance. These products are distributed primarily through independent agents and brokers. The Property & Casualty Insurance segment provides automobile, homeowners, renters, fire, umbrella and other types of property and casualty insurance to individuals and commercial automobile insurance to businesses. Property insurance indemnifies an insured with an interest in physical property for loss of, or damage to, such property. Casualty insurance primarily covers liability for damage to property of, or injury to, a person or entity other than the insured. The casualty insurance also obligates the insurance company to provide a defense for the insured in litigation arising out of events covered by the policy. As of December 31, 2016, the Property & Casualty Insurance segment conducted its business in over 40 states and the District of Columbia. As of December 31, 2016, the segment's insurance products were offered by approximately 18,000 independent insurance agents and brokers.
Life & Health Insurance
The Life & Health Insurance segment's products are individual life, accident, health and property insurance. The Life & Health Insurance segment consists of the Company's subsidiaries, United Insurance Company of America (United Insurance), The Reliable Life Insurance Company (Reliable), Union National Life Insurance Company (Union National Life), Mutual Savings Life Insurance Company (Mutual Savings Life), United Casualty Insurance Company of America (United Casualty), Union National Fire Insurance Company (Union National Fire), Mutual Savings Fire Insurance Company (Mutual Savings Fire) and Reserve National Insurance Company (Reserve National). The Kemper Home Service Companies, which include United Insurance, Reliable, Union National Life, Mutual Savings Life, United Casualty, Union National Fire and Mutual Savings Fire, distribute their products through a network of employee, or career agents. Reserve National distributes its products through a network of independent agents and brokers. These career agents, independent agents and brokers are paid commissions for their services. In addition, the Life & Health Insurance segment's career agents also sell contents coverage for personal property to its customers.
200 E Randolph St Ste 3300
CHICAGO IL 60601-6509