nyse kmpr industry insurance founded 1990 headquarters one east wacker drive chicago illinois usa key people robert j. joyce chairman joseph p. lacher president & ceo total assets over 8 billion 2016 1 number of employees 6 000 2016 slogan insurance with you in mind . website www.kemper.com kemper corporation formerly known as unitrin inc. is one of america s major insurance providers . the group of companies specializes in home auto life and health insurance products for individuals families and small businesses . 2 contents 1 history 2 alliance united insurance company 3 kemper subsidiaries 3.1 property and casualty insurance 3.2 life and health insurance 3.3 affiliated insurance companies 4 references 5 external links history edit unitrin inc. was founded in april 1990 when it was spun off from henry singleton s conglomerate teledyne . singleton hoped that the spin off of unitrin would duplicate the successful results of the argo group originally a worker s compensation insurance provider spun off 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 . during the second part of 1994 unitrin was targeted for a hostile takeover . american general corp. an insurance carrier headquartered in houston sent a 2.6 billion takeover bid . on june 26 unitrin rejected the 50.38 per share offer and adopted a poison pill defense by initiating a stock buyback plan of ten million shares or 19 % of its stock . american general then took unitrin to court . a delaware chancery court judge agreed and issued a restraining order against unitrin s proposed stock buyback until september 27 1994 . unitrin continued to resist the merger offer and on december 13 1994 the delaware supreme court overturned the lower court s injunction allowing unitrin to continue buying back its stock . for details see unitrin inc. v. american general corp. as 1994 ended unitrin s total revenues rose slightly to 1.37 billion just over the previous year s 1.36 billion . however unitrin s net income rose from 95 million in 1993 to a shocking 148 million for 1994 fiscal year . as unitrin entered its fifth year as an independent company it continued buying back its stock to keep american general and possibly other suitors at bay . by the end of 1995 unitrin had bought back 13.5 million shares at a cost of 661 million . unitrin s poison pill defense worked american general s takeover bid expired on february 7 1995 and was not renewed . 3 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 that had financial difficulties . 4 5 6 in 2010 unitrin purchased all rights to the kemper name and on august 25 2011 unitrin officially began operations as kemper corporation with trading on the new york stock exchange under the kmpr ticker symbol . 7 a historical logo alliance united insurance company edit in april 2015 kemper acquired alliance united insurance company one of the fastest growing auto insurance providers in the state of california . source 8 kemper subsidiaries edit source 9 property and casualty insurance edit alpha property & casualty insurance company charter county mutual charter indemnity company financial indemnity company kemper financial indemnity company kemper independence insurance merastar insurance company mutual savings fire insurance company response insurance company response worldwide direct auto response worldwide insurance company trinity universal insurance company union national fire insurance company united casualty insurance company of america unitrin advantage insurance company unitrin auto and home insurance company unitrin casualty insurance company of america unitrin advantage insurance company unitrin auto & home insurance company kemper direct insurance company unitrin direct property & casualty company unitrin preferred insurance company unitrin safeguard insurance company warner insurance company life and health insurance edit mutual savings life insurance company reserve national insurance company the reliable life insurance company union national life insurance company united insurance company of america affiliated insurance companies edit capitol county mutual fire insurance company old reliable casualty company unitrin county mutual insurance company references edit kemper corporation . retrieved 2011 08 31 . kemper corporation . retrieved 2011 08 31 . funding universe unitrin inc company history . 1997 . retrieved 2007 12 09 . funding universe obtained this article from international directory of company histories . 16 . st. james press . 1997 . unitrin buys rights to kemper insurance name . 2010 . retrieved 2016 01 10 . kemper runoff saga nearing conclusion . 2010 . retrieved 2016 01 10 . kemper . retrieved 2016 01 10 . unitrin changes name to kemper . 2011 . retrieved 2011 08 31 . kemper to buy alliance united in california car insurance push . retrieved 2014 12 11 . kemper corporation affiliated companies . retrieved 2011 08 31 . external links edit kemper corporation property casualty life health insurance rights agent for wachovia bank national association v t e illinois based corporations fortune 500 corporations by size 2013 walgreens boots alliance archer daniels midland boeing caterpillar inc. state farm insurance abbott laboratories sears holdings united continental holdings deere & company mondel z international allstate mcdonald s exelon kraft heinz illinois tool works baxter international navistar international rr donnelley cdw hillshire brands discover financial w. w. grainger motorola solutions dover corporation tenneco officemax ingredion anixter cf industries holdings telephone and data systems united stationers old republic international other major public companies alphabetically abbvie acco brands accretive health allscripts amcol international corporation arthur j. gallagher & co. beam inc. brookdale senior living brunswick corporation calamos career education corporation catamaran corporation cboe holdings cme group cna financial continental materials corporation equity residential fortune brands home & security general growth properties hospira hyatt hotels corp. integrys energy group jones lang lasalle kemper corporation nalco holding company nicor rli corp. rubicon technology stericycle titan international tribune media tronc tootsie roll industries ulta beauty usg corporation westell zebra technologies other major private companies alphabetically ace hardware baker & mckenzie blue cross blue shield association claire s country financial danfoss power solutions dot foods eby brown electro motive diesel flex n gate follett corporation gardner denver grant thornton llp health care service corporation heico cos. hendrickson international hub international jenner & block kirkland & ellis marmon group mayer brown medline industries molex nestl frozen pizza osi group pactiv reyes holdings ryerson inc. sidley austin skidmore owings & merrill solo cup company tellabs transunion true value us foods wirtz corporation related topics breweries in illinois companies in the chicago metropolitan area food manufacturers of chicago newspapers in illinois retailers on the magnificent mile wineries in illinois retrieved from https en.wikipedia.org w index.php title kemper corporation & oldid 743336757 categories companies based in chicagocompanies established in 1990companies formerly listed on nasdaqcompanies listed on the new york stock exchangefinancial services companies of the united statesinsurance companies based in illinois navigation menu 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