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Kemper Corporation Completes Acquisition of Alliance United Group | Business Wire

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CHICAGO–(BUSINESS WIRE)–Kemper Corporation (NYSE: KMPR)

announced today that it acquired Alliance United Group in a cash

transaction valued at approximately $70 million. The parties closed the

transaction at the end of the day on Thursday, April 30, 2015.

Based in southern California, Alliance United will expand Kemper’s

private passenger nonstandard auto insurance presence in the state.

Alliance United expects its full year 2015 direct written premiums to

total more than $300 million.

“We are pleased that Alliance United is joining the Kemper family of

companies,” said Donald G. Southwell, Kemper’s Chairman, President and

Chief Executive Officer. “Alliance United fits nicely within our

framework, giving us geographic depth in the fast-growing California

nonstandard auto market, a market that we already know and serve well.

The Alliance United leadership team brings a proven track record of

profitable growth in the largest state we serve.”

Alliance United distributes its products through producers, and its

extensive presence in Southern California complements Kemper Specialty

California’s more Northern California base. Additionally, Alliance

United brings valuable expertise in serving the important and growing

Hispanic market.

“We welcome the Alliance United team, led by David Mandel, into our

Kemper Property & Casualty segment,” said Denise Lynch, Kemper’s

Property & Casualty Group Executive. “We value the expertise that the

Alliance United team brings and look forward to continuing to build our

presence as we serve the California market together.”

About Kemper

The Kemper family of companies is one of the nation’s leading insurers.

With $8 billion in assets, Kemper is improving the world of insurance by

offering personalized solutions for individuals, families and

businesses. Kemper’s businesses collectively:

  • Offer insurance for home, auto, life, health and valuables

  • Service six million policies

  • Are represented by more than 20,000 independent agents and brokers

  • Employ 6,000 associates dedicated to providing exceptional service

  • Are licensed to sell insurance in 50 states and the District of

    Columbia

Learn more about Kemper.

About Alliance United Group

Founded in 2004, Alliance United Group distributes automotive insurance

exclusively through a network of more than 900 producers across nearly

2,000 locations. The company has longstanding relationships with these

producers, a bond that positions Alliance United for continued growth in

the California auto insurance market.

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