Income from Continuing Operations Per Unrestricted Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Income from Continuing Operations Per Unrestricted Share

Note 6 - Income from Continuing Operations Per Unrestricted Share

The Company’s awards of restricted stock contain rights to receive non-forfeitable dividends and participate in the undistributed earnings with common shareholders. The Company’s awards of RSUs and DSUs contain rights to receive non-forfeitable dividend equivalents 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 nine and three months endedSeptember 30, 2014 and 2013 is as follows:

	Nine Months Ended				Three Months Ended
	Sep 30, 2014		Sep 30, 2013		Sep 30, 2014		Sep 30, 2013
(Dollars in Millions)
Income from Continuing Operations	$	49.3	$	159.7	$	4.8	$	68.6
Less Income from Continuing Operations Attributed to Participating Awards	0.2		0.8		—		0.3
Income from Continuing Operations Attributed to Unrestricted Shares	49.1		158.9		4.8		68.3
Dilutive Effect on Income of Equity-based Compensation Equivalent Shares	—		—		—		—
Diluted Income from Continuing Operations Attributed to Unrestricted Shares	$	49.1	$	158.9	$	4.8	$	68.3
(Number of Shares in Thousands)
Weighted-average Unrestricted Shares Outstanding	54,245.7		57,374.4		52,605.3		56,365.8
Equity-based Compensation Equivalent Shares	110.5		118.8		94.6		135.7
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	54,356.2		57,493.2		52,699.9		56,501.5
(Per Unrestricted Share in Whole Dollars)
Basic Income from Continuing Operations Per Unrestricted Share	$	0.90	$	2.77	$	0.09	$	1.21
Diluted Income from Continuing Operations Per Unrestricted Share	$	0.90	$	2.76	$	0.09	$	1.21

The number of shares of Kemper common stock that were excluded from the calculations of Equity-based Compensation Equivalent Shares and Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution for the nine and three months endedSeptember 30, 2014 and 2013 because the exercise prices for the options exceeded the average market price is presented below.

	Nine Months Ended		Three Months Ended
(Number of Shares in Thousands)	Sep 30, 2014	Sep 30, 2013	Sep 30, 2014	Sep 30, 2013
Equity-based Compensation Equivalent Shares	1,540.6	2,194.0	1,830.5	2,125.8
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	1,540.6	2,194.0	1,830.5	2,125.8