Kemper Insurance

Company Profile: KEMPER® origins are tied directly to the general business climate of the early 20th century. In 1912, a 25-year-old insurance salesman named James S. Kemper proposed to a group of Chicago lumber-industry leaders that they organize their own mutual insurance firm.  

KEMPER® family of companies today are one of the nation’s leading insurers. With $13 billion in assets, Kemper is improving the world of insurance by offering personalized solutions for individuals, families, and businesses.  Kemper currently services approximately 6.4 million policies, are represented by more than 30,000 agents and brokers, employ 9,100 associates dedicated to providing exceptional service and is licensed to sell insurance in 50 states and the District of Columbia.
​milestones:
  • 1912 – Lumbermens Mutual Insurance Company incorporated.
  • 1913 – National Underwriters founded to provide supplementary fire insurance for lumbermen. 
  • 1923 – Acquires two subsidiaries, begins operating in Canada and adopts the name Kemper Insurance.
  • 1926 – American Motorists Insurance Company (AMICO) is formed.
  • 1930 – American Manufacturers Insurance Company joins Kemper. 
  • 1948 – Company moves to a larger building on Chicago’s Wacker drive. 
  • 1954 – Fidelity Life Association is organized.
  • 1957 – Installed computers to process vast amounts of data Kemper Insurance collected.
  • 1968 – Kemperco holding company established for P&C and Life operations.
  • 1971 - Organization had outgrown the three buildings it then occupied in Chicago and moved to a 1,000-acre campus in Long Grove, Illinois.
  • 1972 – Acquires Kemper Investors Life Insurance Company, National Automobile and Casualty Insurance Company, and Sequoia Insurance.
  • 1981 – Kemper founder James D. Kemper dies.
  • 1990 – Today’s Kemper Corporation was founded as Unitrin, Inc. and Lumbermens Mutual Casualty Company, American Motorists Insurance Company, and American Manufacturers Mutual Insurance Company become Kemper National Insurance Companies.
  • 1992 - Economy Fire & Casualty Co. was sold to the St. Paul Companies, while Federal Kemper Insurance Co. was sold to Anthem P&C Holdings, part of the Associated Group (in the process Kemper exited from property-casualty insurance, the business upon which it was founded).
  • 1996 - Zurich took sole control of the asset management unit Kemper Financial Services, which was renamed Zurich Kemper Investments Inc. 
  • 2002 – Unitrin acquires the renewal rights to the original Kemper Company.
  • 2010 – Unitrin purchased all rights to the Kemper name, and began operations as Kemper Corporation in August of 2011.
  • 2015 - Acquires Alliance United Insurance Company, one of the fastest growing auto insurance providers in the State of California.
  • 2018 - Acquires Infinity Property and Casualty Corporation (NASDAQ: IPCC), an auto insurance provider focused on serving the specialty, nonstandard segment, the transaction was valued at approximately $1.4 billion. 
Financial Stability:
  • KEMPER® Preferred and Specialty are A- (Excellent) by AM Best. Infinity Insurance is rated A (Excellent) by AM Best. Alliance United Insurance Company is not rated.
  • These ratings reflect strong capital position, excellent risk management and capabilities, product and distribution breath, diversified business with market leadership position and an excellent ability to meet on going insurance obligations.
  • 2019 Direct Written Premiums more than $4.5 billion.
Employee and Community Oriented:
  • KEMPER® is building a culture where every employee thinks and “acts like an owner”, understands the important role they play in fulfilling the promises made to customers and strives to be world-class operators, where decisions and actions are guided by intellectual curiosity, and leverage analytic superiority as a key to build sustainable competitive advantages and advance growth. 
  • Employees demonstrate behaviors, not only with a strong spirit of individual responsibility and successful teamwork, but also a powerful sense of commitment to ensure they meet the needs of policyholders and the results achieved have only been  made possible by these commitments  and  talents of the entire team. 
  • Ties in the community - both through customers and investment strategy optimize core competencies to address opportunities and goals in aspects related to environmental, social and governance principles have long been - and will continue to be - imperative to business strategy. 
  • Business model works by staying true to the promises made to customers, while in tandem ensuring to provide a rewarding experience for employees and creating meaningful value for customers and shareholders.
Company Highlights:
  • KEMPER® endorses Environmental, Social and Governance (ESG Factors). When integrated into  the business strategy, analysis, and portfolio construction, ESG Factors, offer potential long-term performance advantages.
​Environmental 
  • Sustainability - Team sets the overall sustainability strategy by reviewing short-and long-term objectives and opportunities related to operational efficiency, enterprise risk, and sustainability initiatives.
  • Energy Use, Environmental Action and Targets -  Operations include initiatives across all offices and operations to reduce waste, energy, water use, and greenhouse gas emissions whenever possible. 
Social 
  • Products and Services - Focused on meeting the needs of a diverse customer base by providing products and  services that are affordable and easy-to-use. 
  • Responsible Investing - Primary purpose of investment portfolio is to fund future claim payments. Risk-adjusted approach to investing that ensures capital is adequate to support varying economic climates. 
  • Society  and  Corporate   Responsibility - Philanthropic initiatives are focused on supporting causes, organizations and initiatives that make a meaningful difference in the lives of  customers, employees, and the communities where  they  and work. 
  • Talent Management,  Inclusion  and  Diversity – Appropriate policies and  procedures to recruit and retain talented people and ensure achievement so employees can thrive in a  positive work environment, free from explicit or implicit biases and harassment, where employment  decisions are based on merit. 
Governance 
  • Board of Directors has been comprised of a majority of independent directors since 2003 and has a wide and valuable range of business, industry, and functional experience and capabilities. Consistent with our “act like an owner” culture, officers and directors are subject to significant stock ownership requirements.
  • Audit Committee oversees the Company’s independent auditors, financial statement integrity, compliance with legal and regulatory requirements, internal control adequacy, internal audit function, and corporate responsibility hotline. 
  • Enterprise Risk Committee (“ERC”) is comprised of senior management and provides oversight of enterprise and business unit risk management activities and establishes risk appetites and tolerances. The ERC also reviews enterprise principles, guidelines, and limits for significant risks, monitors emerging risks, and oversees the strategies and actions management takes to control these risks.
Industry Rankings:
  • KEMPER® is the 30th largest Property and Casualty Insurer and in the United States based on 2018 revenues.
www.kemper.com​
(425) 681-0996
8195 166th Ave Ne, #201
Redmond, WA 98052
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