KEMPER Corp
For the period ended Mar 31, 2025. Filed May 7, 2025.
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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.
Mar 31, 2025 · Filed May 7, 2025
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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, 2024, the remaining share repurchase authorization was $132.8 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 in open market transactions under its share repurchase authorization for an aggregate cost of $4.0 million and average cost per share of $62.91. As of March 31, 2025, the remaining share repurchase authorization was $128.8 million under the repurchase program.
Shares purchased during the three months ended March 31, 2025 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) |
| January 2025 | 63,607 | $62.91 | 63,607 | $128.8 |
| February 2025 | — | $— | — | $128.8 |
| March 2025 | — | $— | — | $128.8 |
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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