Kemper Corporation began in 1990 as a spin-off from the large industrial conglomerate, Teledyne, founded by Henry Singleton in 1960. The spin-off was not a subsidiary but instead formed its own company with assets from Teledyne, a publicly traded company on the New York Stock Exchange.
Kemper’s original name was Unitrin. Unitrin began trading on the Nasdaq immediately at $31.25 per share. The company had three categories of service: health insurance, property and casualty insurance, and finance.
Unitrin purchased the rights to the Kemper name in 2010 and began operating as Kemper in 2011. It moved to the New York Stock Exchange, trading under the symbol KMPR. Kemper has nearly $15 billion in assets, with headquarters in Chicago, Illinois.
Today, Kemper services more than 6.2 million policies. It has a nationwide team of 34,500 agents and brokers, with more than 10,400 associates available to assist customers with their servicing needs. Kemper’s AM Best rating is an A- (Excellent), which means it is financially stable and able to handle customer claims. Expect an easy claims process.