- Sector
- Financial Services
- Industry
- Asset Management
- Address
-
- IPO Date
- Jan 29, 2015
- Business
- Kemper Corporation (NYSE: KMPR; SUB NT 54: KMPA) operates as a diversified holding company providing specialty property and casualty insurance, life insurance, and related financial services to individuals, families, and businesses in the United States. The company offers a broad portfolio of products and services through its principal segments, including Kemper Auto, which provides preferred, standard, and nonstandard personal automobile insurance; Kemper Personal Insurance, which delivers home and renter's insurance as well as other property insurance products; Infinity, focused on nonstandard auto insurance primarily in California; life insurance encompassing whole life, term life, universal life, and accident and health coverage; and other specialized lines such as business owners' policies, commercial auto liability, motorcycle, RV, boat, and umbrella policies. Kemper markets its offerings via independent agents, brokers, and direct channels, targeting underserved markets including nonstandard auto risks and Hispanic communities, with operations spanning multiple states such as Arizona, California, Florida, Illinois, Indiana, Nevada, and Texas.
Founded in 1990 and headquartered in Chicago, Illinois, Kemper Corporation maintains approximately $12 billion to $15 billion in assets, services over 4.6 million policies, and employs around 7,500 associates supported by a network of 24,200 agents and brokers. Subsidiaries include Kemper Property & Casualty Group (rated A- Excellent by AM Best) and Kemper Life Group (also A- Excellent), which underpin its property-casualty and life operations.
In recent developments, Kemper reported third quarter 2025 results reflecting a net loss of $21 million amid competitive pressures and elevated claims severity in its specialty auto business, prompting the launch of a restructuring initiative expected to yield $30 million in annualized cost savings to enhance profitability and support growth. The company continues aggressive share repurchases, completing a $150 million accelerated program in October 2025 and acquiring an additional 5.1 million shares from July to October at an average price of $52.65, while focusing expansion in priority markets like Florida and Texas. Earlier acquisitions, including Infinity Property and Casualty Corporation in 2018 for $1.4 billion and American Access Casualty Company in 2021 for $370 million, have bolstered its nonstandard auto capabilities, with no major new partnerships or funding rounds announced in 2024 or 2025. KMPA represents Kemper's 7.375% Subordinated Debentures due February 27, 2054, issued as part of its capital structure to fund operations.