Kemper sells Reserve National to Medical Mutual of Ohio for $90M

KEMPER Corp

Deal value $90M; Reserve National wrote >$170M in premiums in 2021.
Close expected late 2022 or early 2023, subject to regulatory approval.
Kemper expects to record a gain and will use proceeds to invest in P&C and life businesses.
Medical Mutual expands product offerings and geographic footprint with this acquisition.

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