Income From Continuing Operations Per Unrestricted Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Income from Continuing Operations Per Unrestricted Share

NOTE 11. INCOME FROM CONTINUING OPERATIONS PER UNRESTRICTED SHARE

The Company’s awards of DSUs contain rights to receive non-forfeitable dividend equivalents and participate in the undistributed earnings with common shareholders, as did the Company’s awards of RSUs and PSUs prior to 2018. Accordingly, the Company applies 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, 2018, 2017 and 2016 is presented below.

	2018		2017		2016
DOLLARS IN MILLIONS
Income from Continuing Operations	$	188.4	$	119.9	$	12.7
Less Income (Loss) from Continuing Operations Attributed to Participating Awards	1.0		0.8		(0.2		)
Income from Continuing Operations Attributed to Unrestricted Shares	187.4		119.1		12.9
Dilutive Effect on Income of Equity-based Compensation Equivalent Shares	—		—		—
Diluted Income from Continuing Operations Attributed to Unrestricted Shares	$	187.4	$	119.1	$	12.9
SHARES IN THOUSANDS
Weighted-average Unrestricted Shares Outstanding	58,149.4		51,345.6		51,156.1
Equity-based Compensation Equivalent Shares	602.5		232.3		58.6
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	58,751.9		51,577.9		51,214.7
PER UNRESTRICTED SHARE IN WHOLE DOLLARS
Basic Income from Continuing Operations Per Unrestricted Share	$	3.22	$	2.32	$	0.25
Diluted Income from Continuing Operations Per Unrestricted Share	$	3.19	$	2.31	$	0.25

NOTE 11. INCOME FROM CONTINUING OPERATIONS PER UNRESTRICTED SHARE (Continued)

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, 2018, 2017 and 2016 because the exercise prices for the options exceeded the average market price is presented below.

SHARES IN THOUSANDS	2018	2017	2016
Equity-based Compensation Equivalent Shares	231.3	346.6	959.9
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	231.3	346.6	959.9