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.
