KEMPER Corp
For the period ended Dec 31, 2023. Filed Feb 7, 2024.
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FY2023 · Filed Feb 7, 2024
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Item 5. Market Information
Kemper’s common stock is traded on the NYSE under the symbol of “KMPR.”
Holders
As of January 31, 2024, the number of record holders of Kemper’s common stock was 2,575.
Quarterly information pertaining to payment of dividends on Kemper’s common stock is presented below.
| DOLLARS PER SHARE · Three Months Ended · Year Ended | ||||||||
|---|---|---|---|---|---|---|---|---|
| Mar 31, 2023 · Jun 30, 2023 · Sep 30, 2023 · Dec 31, 2023 · Dec 31, 2023 | ||||||||
| Cash Dividends Paid to Shareholders (per share) | $0.31 | $0.31 | $0.31 | $0.31 | $1.24 | |||
| Three Months Ended · Year Ended | ||||||||
| DOLLARS PER SHARE | Mar 31, 2022 | Jun 30, 2022 | Sep 30, 2022 | Dec 31, 2022 | Dec 31, 2022 | |||
| Cash Dividends Paid to Shareholders (per share) | $0.31 | $0.31 | $0.31 | $0.31 | $1.24 | |||
Kemper’s insurance subsidiaries are subject to various state insurance laws that may restrict the ability of these insurance subsidiaries to pay dividends without prior regulatory approval. See MD&A, “Liquidity and Capital Resources” and Note 17, “Shareholders’ Equity,” to the Consolidated Financial Statements for information on Kemper’s ability and intent to pay dividends.
Issuer Purchases of Equity Securities
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 December 31, 2023, the remaining share repurchase authorization was $171.6 million under the repurchase program.
During the years ended 2023 and 2022, Kemper did not repurchase any of its common stock. During 2021, Kemper repurchased and retired approximately 2,085,000 shares of its common stock under its share repurchase authorization for an aggregate cost of $161.7 million and an average cost per share of $77.58.
These purchases were made in the open market in accordance with applicable federal securities laws, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.
Kemper Common Stock Performance Graph
The following graph assumes $100 invested on December 31, 2018 in (i) Kemper common stock, (ii) the S&P MidCap 400 Index and (iii) the S&P Supercomposite Insurance Index, in each case with dividends reinvested. Kemper is a constituent of each of these two indices.
The comparisons in the graph below are based on historical data and are not intended to forecast the possible future performance of Kemper common stock.
| Company / Index | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Kemper Corporation | $100.00 | $118.29 | $119.29 | $92.92 | $79.73 | $80.96 |
| S&P MidCap 400 Index | 100.00 | 126.20 | 143.44 | 178.95 | 155.58 | 181.15 |
| S&P Supercomposite Insurance Index | 100.00 | 128.53 | 126.87 | 164.76 | 180.12 | 198.03 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.