Kemper Appoints Tim Stonehocker as President of Kemper Life

Rhea-AI Summary

Kemper Corporation (NYSE: KMPR) has appointed Tim Stonehocker as President of Kemper Life, effective immediately. Reporting to Erich Sternberg, he brings over 30 years of insurance experience, including key roles at Aegon Americas and Ameritas Life Insurance Corp. Sternberg emphasized that Stonehocker's expertise in distribution networks and profitable growth will be vital for Kemper Life's strategic goals. Kemper, with $14.1 billion in assets, aims to provide tailored insurance solutions across various segments, serving over 6.3 million policies through its extensive agent network.

Positive

• Tim Stonehocker's extensive experience in the insurance industry is expected to enhance leadership at Kemper Life.
• His proven track record in growing distribution networks and driving profitable growth is likely to accelerate Kemper's strategic initiatives.

Negative

• Concerns may arise regarding the continuity and culture transition with the new leadership.

Kemper Corporation (NYSE: KMPR) announced that Tim Stonehocker has joined the company as President of Kemper Life, effective today. Stonehocker will report to Erich Sternberg, President of Kemper’s Life & Health Division, and will be based at Kemper’s headquarters office in Chicago.

“Tim’s strong life insurance industry experience and proven track record in the areas of growing distribution networks, driving profitable growth, and creating productive and efficient organizations will be a strong asset to our leadership team,” said Sternberg. “Kemper Life plays an important role in our strategy and Tim’s solid leadership and expertise will help to accelerate our progress.”

Stonehocker is a 30-year veteran of the insurance industry, with 20+ years at Aegon Americas in various roles including President and CEO of AEGON Americas Life Protection Group, President and CEO of AEGON Financial Partners, and President and CEO of World Financial Group. More recently, he was Executive Vice President of Ameritas Life Insurance Corp. Stonehocker earned a bachelor of science in Business Administration from Drake University, previously served as a board member and chairman of LL, Global (parent of LIMRA and LOMA), and a member of ACLI’s Life Committee.

About Kemper

The Kemper (NYSE: KMPR) family of companies is one of the nation’s leading specialized insurers. With $14.1 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper services over 6.3 million policies, is represented by more than 30,000 agents and brokers, and has over 9,400 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201215005996/en/

FAQ

Who is Tim Stonehocker?

Tim Stonehocker is the new President of Kemper Life, effective immediately, with over 30 years of experience in the insurance industry.

What is the background of Tim Stonehocker?

Stonehocker has held prominent positions at Aegon Americas and Ameritas Life Insurance Corp, emphasizing his robust experience in the insurance sector.

What impact will Tim Stonehocker have on Kemper Life?

His leadership is expected to drive profitable growth and improve distribution networks, aligning with Kemper's strategic goals.

What is Kemper Corporation's current asset valuation?

Kemper Corporation has assets valued at approximately $14.1 billion.