Net Income Per Unrestricted Share

6 Months Ended

Jun. 30, 2025

A reconciliation of the numerator and denominator used in the calculation of Basic Net Income Per Unrestricted Share and Diluted Net Income Per Unrestricted Share for the three and six months ended June 30, 2025 and 2024 is presented below.


	Three Months Ended				Six Months Ended
(Dollars in Millions, except per share amounts)	Jun 30, 2025		Jun 30, 2024		Jun 30, 2025		Jun 30, 2024
Net Income attributable to Kemper Corporation	$	72.6	$	75.4	$	172.3	$	146.7
Shares in Thousands
Weighted-average Unrestricted Shares Outstanding	63,938.9		64,395.0		63,912.9		64,324.7
Equity-based Compensation Equivalent Shares	661.2		496.6		713.6		507.4
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	64,600.1		64,891.6		64,626.5		64,832.1

Net Income attributable to Kemper Corporation per Unrestricted Share:
(Per Unrestricted Share in Whole Dollars)
Basic Net Income Per Unrestricted Share	$	1.13	$	1.17	$	2.69	$	2.28
Diluted Net Income Per Unrestricted Share	$	1.12	$	1.16	$	2.66	$	2.26

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 because the effect of inclusion would be anti-dilutive was 1.2 million and 1.6 million for the three months ended June 30, 2025 and 2024, respectively.

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 because the effect of inclusion would be anti-dilutive was 1.1 million and 1.7 million for the six months ended June 30, 2025 and 2024, respectively.