Income From Continuing Operations Per Unrestricted Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Income from Continuing Operations Per Unrestricted Share

NOTE 10. 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 years endedDecember 31, 2014, 2013 and 2012 is as follows:

	2014		2013		2012
DOLLARS IN MILLIONS
Income from Continuing Operations	$	112.6	$	214.5	$	91.8
Less Income from Continuing Operations Attributed to Participating Awards	0.5		1.1		0.5
Income from Continuing Operations Attributed to Unrestricted Shares	112.1		213.4		91.3
Dilutive Effect on Income of Equity-based Compensation Equivalent Shares	—		—		—
Diluted Income from Continuing Operations Attributed to Unrestricted Shares	$	112.1	$	213.4	$	91.3
SHARES IN THOUSANDS
Weighted-average Unrestricted Shares Outstanding	53,762.5		56,856.9		58,857.3
Equity-based Compensation Equivalent Shares	105.4		126.7		141.7
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	53,867.9		56,983.6		58,999.0
PER UNRESTRICTED SHARE IN WHOLE DOLLARS
Basic Income from Continuing Operations Per Unrestricted Share	$	2.08	$	3.75	$	1.55
Diluted Income from Continuing Operations Per Unrestricted Share	$	2.08	$	3.74	$	1.54

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 years endedDecember 31, 2014, 2013 and 2012 because the exercise prices for the options exceeded the average market price is presented below.

SHARES IN THOUSANDS	2014	2013	2012
Equity-based Compensation Equivalent Shares	1,605.1	2,080.9	2,756.1
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	1,605.1	2,080.9	2,756.1