While the company name will change, the commitment to customer service will remain strong. The company’s subsidiaries work through about 10,000 independent agents and 2,600 career agents who know the company’s products and understand how to find the right fit for a wide array of customers. Customers who choose to purchase their insurance directly on-line can do so via Unitrin Direct or iMingle®, an industry first that uses social networking to enable customers to link their policies with friends.“We view our rebranding as an investment in the company,” said Dennis Vigneau, Senior Vice President and Chief Financial Officer. “Over time we expect to see benefits in terms of overall growth and increased shareholder returns.” Some facts on the company:
- Today, Unitrin has more than $2.5 billion in annual revenue, with more than 6 million policies in force across the country.
- Total earned premiums for 2010 were over $2.2 billion, with property and casualty insurance comprising more than 70 percent of that total.
- The company has a track record of strong, steady returns for its shareholders, including a dividend currently at $0.96 per share on an annualized basis in 2011, representing a yield of over 3 percent at recent market prices.
- Since Unitrin's inception in 1990, the company has repurchased about $1.9 billion worth of its stock and has paid dividends totaling about $1.9 billion, for a grand total of about $3.8 billion returned to shareholders.
Caution Regarding Forward-Looking StatementsThis press release may contain or incorporate by reference information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events, and can be identified by the fact that they relate to future actions, performance or results rather than strictly to historical or current facts. Any or all forward-looking statements may turn out to be wrong, and, accordingly, readers are cautioned not to place undue reliance on such statements, which speak only as of the date of this press release. Forward-looking statements involve a number of risks and uncertainties that are difficult to predict, and are not guarantees of future performance. Among the general factors that could cause actual results to differ materially from estimated results are those listed in periodic reports filed by Unitrin with the Securities and Exchange Commission (the "SEC"). No assurances can be given that the results contemplated in any forward-looking statements will be achieved or will be achieved in any particular timetable. The company does not assume any obligation to publicly correct or update any forward-looking statements as a result of events or developments subsequent to the date of this press release. The reader is advised, however, to consult any further disclosures the company makes on related subjects in its filings with the SEC.