M&A Deal Summary

Kemper Acquires General Security Property & Casualty Co.

On December 31, 2002, Kemper acquired insurance company General Security Property & Casualty Co.

Acquisition Highlights
  • This is Kemper’s 5th transaction in the Insurance sector.
  • This is Kemper’s 5th transaction in the United States.

M&A Deal Summary

Date 2002-12-31
Target General Security Property & Casualty Co.
Sector Insurance
Buyer(s) Kemper
Deal Type Add-on Acquisition
Advisor(s) Dewey & LeBoeuf LLP (Legal)

Target

General Security Property & Casualty Co.

United States
General Security Property & Casualty Co.engages in the Union Fire, Accident & General Insurance services.

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Buyer(S) 1

Buyer

Kemper

Chicago, Illinois, United States

Category Company
Founded 1990
Sector Insurance
Employees7,400
Revenue 4.6B USD (2024)
DESCRIPTION

Kemper is a diversified insurance holding company with subsidiaries that provide an array of products to the individual and small business market. Kemper was founded in 1990 and is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 12
Sector: Insurance M&A 5 of 9
Type: Add-on Acquisition M&A Deals 5 of 9
Country: United States M&A 5 of 12
Year: 2002 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-12-31 General Security Insurance Co.

United States

General Security Insurance Company engages in the insurance services business.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-10 Unitrin Business Insurance unit

United States

Unitrin Business Insurance unit (UBI) writes commercial package coverages primarily for small businesses. Consummation of the transaction is subject to regulatory approval.

Sell -