Unitrin Announces Increase in Quarterly Dividend; Also Authorizes $300 Million Repurchase Program

Unitrin, Inc. (NYSE:UTR) announced today that its Board of Directors has declared a quarterly dividend of $0.24 per share, an increase of $0.02 per share over the prior quarter. The dividend is payable on February 28, 2011 to its shareholders of record as of February 11, 2011.

In addition, Unitrin announced that its Board of Directors has authorized the Company to repurchase up to $300 million worth of its common stock.

Repurchases may be made from time to time at prevailing prices in the open market or in privately-negotiated transactions, subject to market conditions and other factors. Repurchases will be financed through Unitrin’s general corporate funds. Depending upon the amount of repurchases and other factors, Unitrin may also borrow funds under its existing revolving credit facility.

Unitrin is a diversified insurance holding company, with subsidiaries that principally provide life, auto, homeowners and other insurance products for individuals and small businesses.

Unitrin’s principal businesses are:

Kemper®1, which provides auto, homeowners and other insurance products to individuals through a network of independent agents,
Unitrin Direct, which markets auto and homeowners insurance to consumers via direct mail, the Internet, employer-sponsored employee benefit programs and other affinity relationships,
Unitrin Specialty, which provides auto insurance through a network of independent agents and brokers to individuals and small businesses which have had difficulty procuring insurance through traditional channels, usually due to adverse driving records or claim or credit histories, and
Life and Health Insurance, which specializes in the sale of life insurance products to persons of modest incomes through a network of employee agents.

Additional information about Unitrin is available by visiting its website http://www.unitrin.com/

1 “Kemper” is a registered service mark of Unitrin, Inc.

Unitrin (NYSE:UTR)
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