Income From Continuing Operations Per Unrestricted Share

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Income from Continuing Operations Per Unrestricted Share

NOTE 12. INCOME FROM CONTINUING OPERATIONS PER UNRESTRICTED SHARE

The Company’s awards of restricted common stock contain a right to receive non-forfeitable dividends and participate in the undistributed earnings with common shareholders. Accordingly, the Company is required to apply the two-class method of computing basic and diluted earnings per share.

A reconciliation of the numerator and denominator used in the calculation of Basic Income from Continuing Operations Per Unrestricted Share and Diluted Income from Continuing Operations Per Unrestricted Share for the years endedDecember 31, 2012, 2011 and 2010 is as follows:

	2012		2011		2010
DOLLARS IN MILLIONS
Income from Continuing Operations	$	91.8	$	61.7	$	162.4
Less Income from Continuing Operations Attributed to Restricted Shares	0.5		0.3		0.8
Income from Continuing Operations Attributed to Unrestricted Shares	91.3		61.4		161.6
Dilutive Effect on Income of Kemper Equity-based Compensation Equivalent Shares	—		—		—
Diluted Income from Continuing Operations Attributed to Unrestricted Shares	$	91.3	$	61.4	$	161.6
SHARES IN THOUSANDS
Weighted-Average Unrestricted Shares Outstanding	58,857.3		60,262.6		61,681.2
Kemper Equity-based Compensation Equivalent Shares	141.7		103.9		85.7
Weighted-Average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	58,999.0		60,366.5		61,766.9
PER UNRESTRICTED SHARE IN WHOLE DOLLARS
Basic Income from Continuing Operations Per Unrestricted Share	$	1.55	$	1.02	$	2.62
Diluted Income from Continuing Operations Per Unrestricted Share	$	1.54	$	1.02	$	2.62

The dilutive effect of Investee Equivalent Shares on Income from Continuing Operations was not significant for the year endedDecember 31, 2010.

Options outstanding to purchase 2.8 million, 3.3 million and 4.1 million shares of Kemper common stock were excluded from the computation of Kemper Equity-based Compensation Equivalent Shares and Weighted-Average Common Shares and Equivalent Shares Outstanding Assuming Dilution for the years endedDecember 31, 2012, 2011 and 2010, respectively, because the exercise price exceeded the average market price.