Stockholders’ Equity

3 Months Ended

Mar. 31, 2024

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 common stock, in addition to the $133.3 million remaining under the August 6, 2014 authorization, bringing the remaining

Note 13 - Shareholders’ Equity (Continued)

share repurchase authorization to approximately $333.3 million. As of March 31, 2024, the remaining share repurchase authorization was $171.6 million under the repurchase program.

During the three months ended March 31, 2024 and 2023, Kemper did not repurchase any of its common stock.

Employee Stock Purchase Plan

During the three months ended March 31, 2024 and 2023, the Company issued 15,000 and 18,000 shares under the Kemper Employee Stock Purchase Plan (“ESPP”), respectively, at an average discounted price of $52.63 and $46.46 per share. Compensation costs charged against income were $0.1 million and $0.2 million for the three months ended March 31, 2024 and 2023, respectively.