Kemper Completes Divestiture of Reserve National
Retrieved on:
Thursday, December 1, 2022
Kemper Corporation (NYSE: KMPR) announced today that it has completed the sale of Reserve National Insurance Company and its subsidiaries to Medical Mutual of Ohio.
Key Points:
- Kemper Corporation (NYSE: KMPR) announced today that it has completed the sale of Reserve National Insurance Company and its subsidiaries to Medical Mutual of Ohio.
- Kemper previously announced on August 1, 2022 that it had agreed to sell Reserve National to Medical Mutual.
- The transaction closed after all required regulatory approvals were received and will result in Kemper receiving approximately $88 million of cash consideration for all of the Reserve National assets.
- Were very pleased the Reserve National team will be working with a strong partner to invest in and grow the business.