Kemper Corp. (KMPR) Unit Completes non-Active Loan Portfolio Sale

Kemper Corporation (NYSE: KMPR) announced today that its subsidiary, Fireside Bank, completed the sale of $283 million of previously charged-off loans in its non-active loan portfolio in a private transaction on March 9, 2012. Including the net proceeds of this transaction, remaining wind-down costs and existing capital, Fireside Bank now expects to return at least $20 million, an increase of $5 million, to Kemper upon completion of its wind-down process, which should be substantially completed by the end of the second quarter of 2012.

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