KEMPER Corp
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds and Issuer Repurchases 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 three months ended September 30, 2024, Kemper repurchased and retired approximately 400,000 shares of its common stock in open market transactions under its share repurchase authorization for an aggregate cost of $25.0 million and average cost per share of $61.21. As of September 30, 2024, the remaining share repurchase authorization was $146.6 million under the repurchase program.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds and Issuer Repurchases of Equity Securities (Continued)
Shares purchased during the three months ended September 30, 2024 were as follows:
| Total · Maximum | ||||
|---|---|---|---|---|
| Number of Shares · Dollar Value of Shares | ||||
| Average · Purchased as Part · that May Yet Be | ||||
| Total | Price | of Publicly | Purchased Under | |
| Number of Shares | Paid per | Announced Plans | the Plans or Programs | |
| Period | Purchased | Share | or Programs | (Dollars in Millions) |
| July 2024 | — | $— | — | $171.6 |
| August 2024 | 408,591 | $61.21 | 408,591 | $146.6 |
| September 2024 | — | $— | — | $146.6 |
All purchases were made in the open market in reliance on the safe harbors provided by Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934.
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