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Last $38.51 USD
Change Today -0.24 / -0.62%
Volume 17.5K
KMPR On Other Exchanges
Symbol
Exchange
Berlin
As of 11:05 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

kemper corp (KMPR) Snapshot

Open
$38.52
Previous Close
$38.75
Day High
$38.87
Day Low
$38.31
52 Week High
07/15/15 - $40.28
52 Week Low
08/8/14 - $31.82
Market Cap
2.0B
Average Volume 10 Days
128.0K
EPS TTM
$1.66
Shares Outstanding
51.8M
EX-Date
05/14/15
P/E TM
23.2x
Dividend
$0.96
Dividend Yield
2.49%
Current Stock Chart for KEMPER CORP (KMPR)

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kemper corp (KMPR) Details

Kemper Corporation, a diversified insurance holding company, provides automobile, homeowners, life, health, and other insurance products to individuals and businesses in the United States. It operates through two segments, Property and Casualty Insurance, and Life and Health Insurance. The Property and Casualty insurance segment provides automobile, homeowners, renters, fire, umbrella, and other property and casualty insurance to individuals; and commercial automobile insurance to businesses. This segment distributes its products through independent agents and brokers, employer-sponsored voluntary benefit programs, and other affinity relationships. The Life and Health insurance segment provides life insurance, including permanent and term insurance, supplemental accident, and health insurance products; Medicare supplement insurance; and limited health insurance coverages, such as fixed indemnity and accident-only plans to individuals in rural areas. The company was formerly known as Unitrin, Inc. and changed its name to Kemper Corporation in August 2011. Kemper Corporation was founded in 1990 and is based in Chicago, Illinois.

5,350 Employees
Last Reported Date: 02/12/15
Founded in 1990

kemper corp (KMPR) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $1.0M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $406.3K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: $367.5K
Property & Casualty Group Executive
Total Annual Compensation: $461.3K
Compensation as of Fiscal Year 2014.

kemper corp (KMPR) Key Developments

Kemper Corporation Executes an Amendment and Restated Credit Agreement

On June 2, 2015, Kemper Corporation executed an Amendment and Restated Credit Agreement, by and among Kemper, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent, and Wells Fargo Bank, National Association and Fifth Third Bank, as co-syndication agents. J.P. Morgan Securities LLC and Wells Fargo Securities, LLC served as joint book runners and joint lead arrangers. The Amended and Restated Credit Agreement, a $225 million, five-year revolving credit facility, is an amendment and restatement of Kemper's existing $225 million four-year credit facility that was effective March 7, 2012, as subsequently amended, and set to expire on March 7, 2016. The Amended and Restated Credit Agreement includes an accordion provision under which Kemper may request increases to expand the facility up to a maximum facility limit of $300 million during the term, which will expire on June 2, 2020. Proceeds under the Amended and Restated Credit Agreement can be used for general corporate purposes, including the repayment of existing indebtedness. On the effective date, June 2, 2015, no borrowings were outstanding under the Original Agreement or the Amended and Restated Credit Agreement. The Amended and Restated Credit Agreement contains covenants generally consistent with those in the Original Agreement, with revisions to several covenants and various other provisions, including the following changes (capitalized terms used below are defined in the Amended and Restated Credit Agreement): Cross default threshold for defaults in other material indebtedness was increased to $100 million from $75 million and the default threshold for judgments was increased to $100 million from $75 million; Permitted indebtedness owed pursuant to Federal Home Loan Bank borrowings was increased to $500 million from $250 million; The definition of Required Lenders was decreased to Lenders holding more than 50% of all loans and revolving commitments from Lenders holding more than 66 % of all loans and revolving commitments; Combined facility fee and borrowing rates were lowered by 12.5 basis points based on the Company's current Level III status under the Pricing Schedule; Provisions were added to enable loans to be denominated in Euro, Pound Sterling or Canadian Dollars or in US Dollars, and to determine Interest Rates with reference to either the Eurocurrency Rate or Alternate Base Rate, plus the Applicable Rate; The aggregate letter of credit facility exposure limitation was reduced to $15 million from $25 million; and The section on Swingline Loans was deleted, effectively removing the $20 million limitation on same day borrowing for loans denominated in US Dollars and accruing interest based on the Alternative Base Rate.

James E. Annable Resigns as Member of Kemper Corporation's Board of Directors

Kemper Corporation notified by James E. Annable, a member of its Board of Directors, that he was resigning for personal reasons, effective May 11, 2015.

Kemper Corporation Seeks Acquisitions

Kemper Corporation (NYSE:KMPR) is looking for acquisition opportunities. Don Southwell, Chairman, President and Chief Executive Officer of Kemper said, "we are very pleased to Alliance United join the Kemper team. Based on their track record and plans we view this acquisition as a better use of capital than share repurchases. This deal was the result of our monitoring and evaluating opportunities for strategic acquisitions and we continue this discipline going forward."

 

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Industry Analysis

KMPR

Industry Average

Valuation KMPR Industry Range
Price/Earnings 22.5x
Price/Sales 0.9x
Price/Book 0.9x
Price/Cash Flow 21.4x
TEV/Sales 0.4x
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