Stockholders’ Equity

3 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Shareholders’ Equity

Common Stock Repurchases

On May 6, 2020, Kemper’s Board of Directors authorized the repurchase of up to an additional $200.0 million of Kemper’s common stock, in addition to $133.3 million remaining under the August 6, 2014 authorization, bringing the remaining share repurchase authorization to approximately $333.3 million. As of March 31, 2023, the remaining share repurchase authorization was $171.6 million under the repurchase program.

During the three months ended March 31, 2023 and 2022, Kemper did not repurchase any shares of its common stock.

Employee Stock Purchase Plan

During the three months ended March 31, 2023 and 2022, respectively, the Company issued approximately 18,000 and 22,000 shares under the Kemper Employee Stock Purchase Plan (“ESPP”) at an average discounted price of $46.46 and $48.06 per share. Compensation costs charged against income was $0.2 million for the three months ended March 31, 2023 and 2022, respectively.