Stockholders’ Equity

3 Months Ended

Mar. 31, 2025

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 share repurchase authorization to approximately $333.3 million. As of March 31, 2025, the remaining share repurchase authorization was $128.8 million under the repurchase program.

During the three months ended March 31, 2025, Kemper repurchased and retired approximately 64,000 shares of its common stock under its share repurchase authorization for an aggregate cost of $4.0 million and an average cost per share of $62.91. Kemper did not repurchase any shares during the three months ended March 31, 2024.

Employee Stock Purchase Plan

During the three months ended March 31, 2025 and 2024, the Company issued 12,000 and 15,000 shares under the Kemper Employee Stock Purchase Plan (“ESPP”), respectively, at an average discounted price of $56.82 and $52.63 per share. Compensation costs charged against income were $0.1 million for the three months ended March 31, 2025 and 2024.