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News

Unitrin Board Expands Stock Repurchase Program

CHICAGO--(BUSINESS WIRE)--Nov. 1, 2006--Unitrin, Inc. (NYSE:UTR) today announced that its Board of Directors has increased the Company's authority to repurchase shares of the Company's common stock by 6.0 million shares. This increase is in addition ...

Newest Entrant to Georgias Auto Insurance Market Delivers Savings as Sweet as the States Peaches

ATLANTA, Oct. 27 /PRNewswire-FirstCall/ -- The Georgia Department of Insurance approved a filing for Unitrin Direct to do business in its state, and the increased competition could save Georgia residents money on their auto insurance costs. The Unitr ...

Auto Insurance Claims Processing: Where the Rubber Meets the Road

VISTA, Calif., Sept. 1 /PRNewswire/ -- How quickly and effectively your automobile insurance company handles your claim is the moment of truth when it comes to the quality of your insurer. When service and efficiency come together, it's indeed where ...

Unitrins CEO Succession Plan Takes Effect

CHICAGO--(BUSINESS WIRE)--Aug. 2, 2006--Unitrin, Inc. (NYSE:UTR) reported that, in accordance with its previously announced plan, the Company's board of directors today elected Donald G. Southwell as its new Chief Executive Officer, effective immedia ...

Unitrin Direct Gives Rocky Mountain Drivers a Break on Auto Insurance

DENVER, July 27 /PRNewswire/ -- Unitrin Direct announces a 6% rate decrease in the state of Colorado. The reduction is largely due to recent legislative insurance reform, House Bill 1188, that shifted Colorado from no- fault insurance to a tort syste ...

Unitrin Announces CEO Succession Plan

CHICAGO--(BUSINESS WIRE)--June 28, 2006--Unitrin, Inc. (NYSE:UTR) today announced that its President and Chief Operating Officer, Donald G. Southwell, will become the company's Chief Executive Officer effective August 2, 2006, coinciding with the nex ...

Unitrin Announces 3.5% Increase in Quarterly Dividend

CHICAGO--(BUSINESS WIRE)--Feb. 1, 2006--Unitrin, Inc. (NYSE:UTR) announced today that its Board of Directors has declared a quarterly dividend of $0.44 per share payable on February 24, 2006 to its shareholders of record as of February 13, 2006. This ...

Richard Vie, Chairman & CEO of Unitrin Talks to The Wall Street Transcript in 2005

NEW YORK, Sep 27, 2005 (BUSINESS WIRE) -- The Wall Street Transcript has published an in-depth interview with Richard Vie, Chairman and CEO of Unitrin, Inc. (NYSE:UTR) in which he talks at length about the Company. The entire 2,500 word inter ...

Unitrin, Inc. Files $300 Million Shelf Registration Statement

CHICAGO, Aug 04, 2005 (BUSINESS WIRE) -- Unitrin, Inc.(NYSE:UTR) announced today that it has filed a universal shelf registration statement with the Securities and Exchange Commission for the future sale of up to an aggregate of $300 million of debt ...

Unitrin Adds Donald V. Fites To Board

CHICAGO, Nov 16, 2004 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that it has appointed Donald V. Fites as a director and member of its Audit, Compensation and Nominating & Corporate Governance Committees, effective November 16, 2004, ...

Richard Vie, Chairman and CEO of Unitrin, Inc. Talks to The Wall Street Transcript

NEW YORK--(BUSINESS WIRE)--Oct. 28, 2004--The Wall Street Transcript has published an in-depth interview with Richard Vie, Chairman and CEO of Unitrin, Inc. (NYSE:UTR) in which he talks at length about the Company. The entire 2,500 word interv ...

Unitrin Announces Estimated Combined Losses for Four Recent Hurricanes

CHICAGO--(BUSINESS WIRE)--Oct. 14, 2004--Unitrin, Inc. (NYSE:UTR) today announced that it expects its net losses resulting from Hurricanes Charley, Frances, Ivan and Jeanne combined will be less than $15 million after-tax. Unitrin had previously disc ...

Unitrin Announces Estimated Losses for Hurricanes Charley, Frances and Ivan

CHICAGO--(BUSINESS WIRE)--Oct. 1, 2004--Unitrin, Inc. (NYSE:UTR) today announced that it expects that its net losses resulting from Hurricanes Charley, Frances and Ivan combined will be less than $15 million after-tax. Unitrin had previously disclose ...

Unitrin Announces Estimated Hurricane Charley and Frances Losses

CHICAGO--(BUSINESS WIRE)--Sept. 16, 2004--Unitrin, Inc. (NYSE:UTR) today announced that it expects that its net losses resulting from both Hurricanes Charley and Frances combined will be less than $10 million after-tax. Unitrin had previously disclos ...

Unitrin Announces Settlement with the Kemper Insurance Companies, Estimated Hurricane Charley Losses and Gains on Sales of Investments

CHICAGO--(BUSINESS WIRE)--Aug. 23, 2004--Unitrin, Inc. (NYSE:UTR) today announced that it has agreed to settle in full its obligation to pay future variable purchase price components and performance bonuses related to its purchase of the personal lin ...

Reliable Plans to Move Headquarters Later This Year

WEBSTER GROVES, Mo.--(BUSINESS WIRE)--Jan. 29, 2004--Reliable Life Insurance Company today announced plans to move its home office from Webster Groves to the Citadel building located at 12115 Lackland Avenue in Maryland Heights, near the St. Louis ai ...

Unitrin Estimates Isabel-Related Losses

CHICAGO--(BUSINESS WIRE)--Sept. 30, 2003--Unitrin, Inc. (NYSE:UTR) announced today that it estimates its catastrophe losses related to Hurricane Isabel to be approximately $6 million after-tax, or $0.09 per share. Unitrin plans to release its full re ...

Unitrin, Inc. Sells $200 Million of Senior Notes

CHICAGO--(BUSINESS WIRE)--Oct. 27, 2003--Unitrin, Inc. (NYSE:UTR) announced that it has agreed to sell $200 million of seven-year senior notes. The notes carry a coupon of 4.875% and are priced at 99.73 to yield 4.92%. Proceeds from the financing wil ...

Unitrin, Inc. to Expense Stock Options Beginning in 2003

CHICAGO, Apr 10, 2003 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that beginning with the first quarter of 2003, it will expense stock options granted to employees and directors using the "prospective" method under Statement of Financ ...

Unitrin Adds Wayne Kauth to Board

CHICAGO, Mar 10, 2003 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that it has appointed Wayne Kauth, 69, as a director, thereby expanding its board from ten to eleven directors. Mr. Kauth is currently a consultant to the finan ...

Unitrin To Take Third Quarter Charges

CHICAGO, Oct 17, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that it will be increasing its property and casualty insurance reserves in the third quarter of 2002 to reflect adverse development of prior accident year losses. Manag ...

Unitrin, Inc. Names Konar To Head Investor Relations

CHICAGO, Oct 14, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE: UTR) announced today that it has named Edward J. Konar, 45, to the position of Vice President, Investor Relations. Ed joined Unitrin in 1990 and was elected a Vice President in January, 20 ...

Unitrin, Inc. Announces Compliance With SEC Order for CEO/CFO Certifications

CHICAGO, Aug 1, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that its principal executive officer and principal financial officer each had filed statements fully complying with the SEC order requiring CEO/CFO certifications of the ...

Eligible Arizona Car Owners Could Save Up to 20% On Auto Insurance

CHICAGO, Jul 3, 2002 (BUSINESS WIRE) -- Where can a consumer turn for affordable auto insurance? At least one insurance provider offers an answer: Unitrin Direct Auto Insurance. Through its increased operating efficiencies, Unitrin Direct is able to ...

Unitrin Closes Acquisition of Kempers Personal Lines Insurance Businesses

CHICAGO, Jun 28, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE: UTR) announced today that its subsidiary, Trinity Universal Insurance Company, has closed its previously-announced acquisition of the personal lines property and casualty insurance busines ...

Unitrin, Inc. Sells $300 Million of Senior Notes

CHICAGO, Jun 27, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE: UTR) announced that it has agreed to sell $300 million of five-year senior notes in its inaugural debt offering. The notes carry a coupon of 5.75 % and are priced at 99.786 to yield 5.80%. ...

Unitrin, Inc. Files $500 Million Shelf Registration Statement

CHICAGO, May 8, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that it has filed a universal shelf registration statement with the Securities and Exchange Commission for the future sale of up to an aggregate of $500 million of debt ...

Unitrin Reaches Agreements to Settle Race-Based Underwriting Issue

CHICAGO, May 2, 2002 (BUSINESS WIRE) -- Unitrin, Inc., is pleased to announce an agreement to resolve issues relating to the use of race decades ago as a factor in the underwriting and pricing of life insurance by certain Unitrin subsidiaries. The ag ...

Unitrin Signs Definitive Agreement to Acquire Kempers Personal Lines Insurance Businesses

CHICAGO--(BUSINESS WIRE)--April 22, 2002--Unitrin, Inc. (NYSE:UTR) announced today that its subsidiary, Trinity Universal Insurance Company, has executed a definitive agreement for its previously-announced acquisition of the personal lines property a ...

Unitrin Direct Auto Insurance is Now Available in New York

CHICAGO, Apr 16, 2002 (BUSINESS WIRE) -- New York drivers pay some of the highest auto insurance rates in the country. With the entrance of Unitrin Direct Auto Insurance into the state, responsible drivers have a new option for insurance. " We have b ...

Unitrin to Acquire Kempers Personal Lines Insurance Businesses

CHICAGO, Apr 11, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that its subsidiary, Trinity Universal Insurance Company, has reached an agreement in principle to acquire the personal lines property and casualty insurance business o ...

CertifiedFirst Network Shops Given Automatic Access to Unitrin Directs Accelerated Appraisal Program

STRONGSVILLE, Ohio, Mar 1, 2002 (AutomotiveWire) -- The CertifiedFirst(TM) Network, a national group of quality-rated auto body repair shops, and Unitrin Direct Auto Insurance, a business of Unitrin, Inc. (NYSE:UTR), have entered into an agreement th ...

Unitrin Announces Board and Officer Changes

CHICAGO, Feb 6, 2002 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that it has expanded its board of directors to ten members and has appointed two Unitrin executives, Donald G. Southwell and Eric J. Draut, to fill the vacancies on the ...

Unitrin Direct Auto Insurance is Now Available in California

CHICAGO, Dec 6, 2001 (BUSINESS WIRE) -- California drivers now have a new choice in the highly competitive auto insurance market, with the entrance of Unitrin Direct Auto Insurance into the state. Recently, an insurance trade group estimated that aut ...

Unitrin Completes Tax-Free Spin-Off of its Investment in Curtiss-Wright

CHICAGO, Nov 29, 2001 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE: UTR) today successfully completed its previously-announced, tax-free distribution to its shareholders of all Class B common stock of Curtiss-Wright Corporation owned by Unitrin. Unitrin es ...

Unitrin Adds Ann Ziegler to Board

CHICAGO, Nov 7, 2001 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE:UTR) announced today that it has appointed Ann E. Ziegler as a director, thereby expanding Unitrin's board from seven to eight directors. Ms. Ziegler currently is Senior Vice President, ...

Unitrin, Inc. Declares Tax-Free Spin-Off of Its Investment in Curtiss-Wright

CHICAGO, Nov 1, 2001 (BUSINESS WIRE) -- Unitrin, Inc. (NYSE: UTR) today declared a tax-free distribution to its shareholders of all Class B common stock of Curtiss-Wright Corporation to be issued to Unitrin pursuant to a recapitalization of Curtiss-W ...

Vista, Calif.-Based Unitrin Direct Auto Insurance Expands Availability to Michigan

CHICAGO--(BUSINESS WIRE)--Sept. 19, 2001--Unitrin Direct Auto Insurance has expanded sales into Michigan, its third state. "The addition of Michigan introduces Unitrin Direct into three of the ten most populated states," said Larry Sundram, President ...

Consumers Can Get Auto Insurance Quotes in Three Minutes or Less From Unitrin Direct

VISTA, Calif., Jun 7, 2001 (BUSINESS WIRE) -- Getting an auto insurance quote is a lengthy, complicated process. Consumers who have just started shopping for auto insurance will spend 15-20 minutes completing a quote online, only to find that the quo ...

Unitrin to List on New York Stock Exchange

CHICAGO--(BUSINESS WIRE)--May 11, 2001--Unitrin, Inc. (Nasdaq: UNIT) announced today that it has filed an application to list its common shares on the New York Stock Exchange. The Company's shares will continue to trade on the Nasdaq National Market ...

Unitrin Direct Auto Insurance Expands Business Into Florida

VISTA, Calif.--(BUSINESS WIRE)--April 30, 2001--Unitrin Direct Auto Insurance, headquartered in Vista, in suburban San Diego County, has expanded its sales to the state of Florida. Unitrin Direct has started a series of TV and direct mail advertiseme ...

Unitrin To Record Second Quarter Gain From Northrop Acquisition of Litton

CHICAGO--(BUSINESS WIRE)--April 10, 2001--Unitrin, Inc. (NASDAQ: UNIT) announced today that it will recognize an after-tax accounting gain of approximately $362.4 million, or $5.37 per common share for its second quarter ending June 30, 2001 based on ...

Unitrin Direct Insurance Company Earns TRUSTe Privacy Seal; TRUSTe Privacy Seal Granted to Unitrin Direct for Helping Consumers Protect Privacy and Security Online

VISTA, Calif.--(BUSINESS WIRE)--Feb. 23, 2001--Unitrin Direct Insurance Company today announced that it has joined the TRUSTe privacy seal program. Today's announcement demonstrates that Unitrin Direct meets TRUSTe's strict requirements in the areas ...

Unitrin Announces Dividend Increase

CHICAGO--(BUSINESS WIRE)--Feb 7, 2001--Unitrin, Inc. (Nasdaq: UNIT) announced today that its Board of Directors has declared a quarterly dividend of $0.40 per share payable on March 2, 2001 to its shareholders of record as of February 19, 2001. This ...

Unitrin Supports Amended Terms of Northrops Acquisition of Litton

CHICAGO--(BUSINESS WIRE)--Jan. 24, 2001--Unitrin, Inc. (NASDAQ: UNIT) announced today that it has agreed to support Northrop Grumman Corporation's (NYSE: NOC) acquisition of Litton Industries, Inc. (NYSE: LIT) pursuant to the terms of an amended Merg ...

Unitrin, Inc. To Distribute its Investment in Curtiss-Wright Corporation in a Tax-Free Distribution to Shareholders

CHICAGO--(BUSINESS WIRE)--Nov. 6, 2000--Unitrin, Inc. (NASDAQ: UNIT) announced today that it has entered into an agreement with Curtiss-Wright Corporation (NYSE: CW) providing for the spin-off of Unitrin's equity ownership of Curtiss-Wright. Unitrin ...

Unitrin Board Declares Quarterly Dividend, Also Expands Stock Repurchase Program

CHICAGO--(BUSINESS WIRE)--Nov. 1, 2000--Unitrin, Inc. (Nasdaq:UNIT) announced today that its Board of Directors has declared a quarterly dividend of $0.375 per share payable to its shareholders of record as of November 14, 2000. The dividend will be ...

Unitrin, Inc. Completes Sale of the Pyramid Life Insurance Company

CHICAGO--(BUSINESS WIRE)--July 26, 2000--Unitrin, Inc. (NASDAQ: UNIT) announced today that United Insurance Company of America, a subsidiary of Unitrin, completed the previously-announced sale of United's subsidiary, The Pyramid Life Insurance Compan ...

Unitrin, Inc. Completes Sale of Mountain Valley Indemnity Company

CHICAGO--(BUSINESS WIRE)--March 1, 2000--Unitrin, Inc. (NASDAQ: UNIT) announced today that it has completed the sale of its subsidiary, Mountain Valley Indemnity Company (formerly known as White Mountains Insurance Company), to Motor Club of America ...

Unitrin Adds Geoga to Board

CHICAGO--(BUSINESS WIRE)--Feb. 2, 2000--Unitrin, Inc. (Nasdaq: UNIT) announced today that it has appointed Douglas G. Geoga as a director. Mr. Geoga fills a vacancy in the Unitrin board created when Dr. Henry Singleton passed away in August 1999. ...

Unitrin, Inc. to Sell Mountain Valley Indemnity Company

CHICAGO--(BUSINESS WIRE)--Dec. 16, 1999--Unitrin, Inc. (NASDAQ: UNIT) announced today that its subsidiary, Valley Insurance Company, has entered into a definitive agreement to sell Valley's subsidiary, Mountain Valley Indemnity Company (formerly know ...

Unitrin Announces Agreement To Sell Subsidiary Pyramid Life

CHICAGO--(BUSINESS WIRE)--Oct. 7, 1999--Unitrin, Inc. (Nasdaq: UNIT) announced today that it has entered into an agreement with Ceres Group, Inc. for the sale of Unitrin's subsidiary, The Pyramid Life Insurance Company, to Ceres Group for $67.5 milli ...

Unitrin Mourns Passing of Henry Singleton

CHICAGO--(BUSINESS WIRE)--Sept. 1, 1999--Unitrin, Inc. expressed its deep regrets at the news that Dr. Henry E. Singleton, a Unitrin director and shareholder, has passed away. Dr. Singleton, 82, was the founder of Teledyne, Inc., from which Unitrin w ...

Unitrin Shares Held by Singleton Placed in Trust

CHICAGO--(BUSINESS WIRE)--Aug. 20, 1999--Unitrin, Inc. announced today that it has been informed that the wife of Dr. Henry E. Singleton, a Unitrin director and Unitrin's largest shareholder, has acquired voting and dispositive power over Dr. Singlet ...

Unitrin Stock to be Added to S&P MidCap 400 Index

CHICAGO--(BUSINESS WIRE)--June 23, 1999--Unitrin, Inc. (Nasdaq: UNIT) is pleased to announce that its common stock will be added to the S&P MidCap 400 Index after the close of trading on Friday, June 25, 1999. Unitrin will be included in the Index's ...

Unitrin Completes Acquisition of Valley Group, Inc.

CHICAGO--(BUSINESS WIRE)--June 17, 1999--Unitrin, Inc. (Nasdaq: UNIT) announced today that it has completed its acquisition of Valley Group, Inc. for a cash payment of approximately $139 million. Immediately prior to the closing, Valley Group paid a ...

Unitrin Board Declares Quarterly Dividend

CHICAGO--(BUSINESS WIRE)--May 5, 1999--Unitrin, Inc. (Nasdaq Stock Market Symbol: UNIT) announced today that its Board of Directors has declared a quarterly dividend of $0.35 per share payable to its shareholders of record as of May 18, 1999. The div ...