KEMPER CORP, DEF 14A filed on 3/25/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Kemper Corporation
Entity Central Index Key 0000860748
v3.26.1
Pay vs Performance Disclosure - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2025
Oct. 13, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table    
Year
Summary
Compensation
Table Total
for PEO
($)(1)
Compensation
Actually Paid
to PEO
($)(2)
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs ($)(3)
Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)(4)
Value of Initial Fixed $100
Investment Based On:
Net
Income
($m)(7)
Distributable
Cash Flow
($m)(8)
Summary
Compensation
Table Total for
Prior PEO ($)(1)
Compensation
Actually Paid to
Prior PEO($)(2)
Total
Shareholder
Return
($)(5)
Peer Group
Total
Shareholder
Return
($)(6)
20253,090,806 1,214,093 8,395,935 (5,107,746)2,904,086 792,179 59.07 206.61 143.3 688.9 
2024— — 11,456,600 18,442,994 4,541,495 5,960,008 95.23 195.70 317.8 608.9 
2023— — 8,534,646 4,496,795 2,295,490 1,304,381 68.41 154.07 (272.1)284.3 
2022— — 7,906,538 2,186,378 2,389,475 1,347,367 67.38 140.14 (286.6)307.9 
2021— — 8,222,255 (1,227,378)2,222,811 342,229 78.53 128.18 (123.7)(202.6)
        
Company Selected Measure Name     Distributable cash flow        
Named Executive Officers, Footnote     Amounts in these columns represent the amounts reported for Mr. Evans, our Interim Chief Executive Officer, and Mr. Lacher, our Chief Executive Officer, in the total column of the Summary Compensation Table for each applicable year.Amounts in this column represent the average of the amounts reported for the Company’s NEOs as a group, excluding our CEO and the prior CEO, in the Total column of the Summary Compensation Table for each applicable year. The NEOs included for purposes of calculating the average amounts for each applicable year are as follows: (i) for 2025, Evans, Lacher, Camden, Boschelli, Hunton, Rock and Sanders; (ii) for 2024, Lacher, Camden, Boschelli, Hunton and Sanders; (iii) for 2023, Lacher, Camden, Boschelli, Hunton, Sanders and McKinney; (iv) for 2022, Lacher, McKinney, Boschelli, Brooks and Sanders; and (v) for 2021, Lacher, McKinney, Boschelli, Sanders and Sternberg.        
Peer Group Issuers, Footnote     Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated.        
PEO Total Compensation Amount       $ 11,456,600 $ 8,534,646 $ 7,906,538 $ 8,222,255
PEO Actually Paid Compensation Amount       18,442,994 4,496,795 2,186,378 (1,227,378)
Adjustment To PEO Compensation, Footnote     Amounts in this column represent the amount of “compensation actually paid” as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year, in accordance with SEC rules, and the following adjustments were made to total compensation to determine compensation actually paid:
YearSummary
Compensation Table
Total for Mr. Evans
($)		Exclusion of Change
in Pension Value
for Mr. Evans
($)
Exclusion of Stock
Awards and Option
Awards for Mr. Evans
($)(a)
Inclusion of Pension
Service Cost for
Mr. Evans
($)
Inclusion of
Equity Values
for Mr. Evans
($)(b)
Compensation
Actually Paid
to Mr. Evans
($)
2025
3,090,806 (93,938)(1,982,604)— 199,829 1,214,093 
YearSummary
Compensation Table
Total for Mr. Lacher
($)		Exclusion of Change
in Pension Value
for Mr. Lacher
($)
Exclusion of Stock
Awards and Option
Awards for Mr. Lacher
($)(a)
Inclusion of Pension
Service Cost for
Mr. Lacher
($)
Inclusion of
Equity Values
for Mr. Lacher
($)(b)
Compensation
Actually Paid
to Mr. Lacher
($)
2025
8,395,935 — (5,429,697)— (8,073,984)(5,107,746)
2024
11,456,600 — (6,999,206)— 13,985,600 18,442,994 
20238,534,646 — (6,100,711)— 2,062,860 4,496,795 
20227,906,538 — (6,000,000)— 279,840 2,186,378 
20218,222,255 — (5,378,990)— (4,070,643)(1,227,378)
(a)Amounts in this column represent the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for each applicable year.
(b)The amounts deducted or added in calculating the equity award adjustments are set forth in the following table. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
YearYear-End Fair Value
of Equity Awards
Granted During Year
that Remained
Unvested as of
Last Day of Year
for Mr. Evans
($)		Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards
for Mr. Evans
($)		Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for Mr. Evans
($)		Change in Fair Value
from Last Day of
Prior Year to Vesting
Date of Unvested
Equity Awards that
Vested During Year
for Mr. Evans
($)		Fair Value at Last
Day of Prior
Year of Equity
Awards Forfeited
During Year
for Mr. Evans
($)		Value of Dividends
or Other Earnings
Paid on Equity
Awards Not
Otherwise Included
for Mr. Evans
($)		Total - Inclusion of
Equity Values
for Mr. Evans
($)
20251,648,529 (1,296,745)— (151,955)— — 199,829 
YearYear-End Fair Value
of Equity Awards
Granted During Year
that Remained
Unvested as of
Last Day of Year
for Mr. Lacher
($)		Change in Fair
Value from Last
Day of Prior Year
to Last Day of
Year of Unvested
Equity Awards
for Mr. Lacher
($)		Vesting-Date Fair
Value of Equity
Awards Granted
During Year that
Vested During Year
for Mr. Lacher
($)		Change in Fair Value
from Last Day of
Prior Year to Vesting
Date of Unvested
Equity Awards that
Vested During Year
for Mr. Lacher
($)		Fair Value at Last
Day of Prior
Year of Equity
Awards Forfeited
During Year
for Mr. Lacher
($)		Value of Dividends
or Other Earnings
Paid on Equity
Awards Not
Otherwise Included
for Mr. Lacher
($)		Total - Inclusion of
Equity Values
for Mr. Lacher
($)
20252,088,678 (8,970,027)— (1,117,683)(74,952)— (8,073,984)
20249,443,333 3,212,364 — 1,329,903 — — 13,985,600 
20232,896,142 (1,213,236)— 379,954 — — 2,062,860 
20223,820,463 (3,214,502)— (326,121)— — 279,840 
20211,888,580 (5,261,544)— (697,679)— — (4,070,643)
        
Non-PEO NEO Average Total Compensation Amount     $ 2,904,086 4,541,495 2,295,490 2,389,475 2,222,811
Non-PEO NEO Average Compensation Actually Paid Amount     $ 792,179 5,960,008 1,304,381 1,347,367 342,229
Adjustment to Non-PEO NEO Compensation Footnote     Amounts in this column represent the amount of “compensation actually paid” as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year, in accordance with SEC rules, and the following adjustments were made to total compensation to determine compensation actually paid:
YearAverage Summary
Compensation
Table Total for
Non-PEO NEOs
($)		Average Exclusion
of Change in
Pension Value for
Non-PEO NEOs
($)
Average Exclusion of
Stock Awards and
Option Awards for
Non-PEO NEOs
($)(a)
Average Inclusion of
Pension Service Cost for
Non-PEO NEOs
($)
Average Inclusion
of Equity Values for
Non-PEO NEOs
($)(b)
Average Compensation
Actually Paid to
Non-PEO NEOs
($)
20252,904,086 — (1,803,831)— (308,077)792,179 
20244,541,495 — (2,717,438)— 4,135,951 5,960,008 
20232,295,490 — (1,231,584)— 240,475 1,304,381 
20222,389,475 — (1,510,000)— 467,892 1,347,367 
20212,222,811 — (1,146,961)— (733,622)342,229 
(a)Amounts in this column represent the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for each applicable year.
(b)The amounts deducted or added in calculating the equity award adjustments are set forth in the following table. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant.
YearAverage Year-End
Fair Value of Equity
Awards Granted
During Year that
Remained Unvested
as of Last Day of
Year for Non-PEO
NEOs
($)		Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-PEO
NEOs
($)		Average Vesting-
Date Fair Value of
Equity Awards
Granted During Year
that Vested During
Year for Non-PEO
NEOs
($)		Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-PEO NEOs
($)		Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-PEO NEOs
($)		Average Value of
Dividends or Other
Earnings Paid on
Equity Awards Not
Otherwise Included
for Non-PEO NEOs
($)		Total - Average
Inclusion of
Equity Values for
Non-PEO NEOs
($)
20251,352,611 (1,538,512)— (119,100)(3,076)— (308,077)
20243,242,428 603,171 — 290,352 — — 4,135,951 
2023499,511 (126,046)— 84,937 (217,927)— 240,475 
20221,084,633 (554,250)— (62,491)— — 467,892 
2021352,109 (973,538)— (112,193)— — (733,622)
        
Compensation Actually Paid vs. Total Shareholder Return    
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and the Company’s cumulative TSR over the five most recently completed fiscal years.
Compensation Actually Paid versus TSR
(based on $100 investment)
1649267458695
¢
Compensation Actually Paid to CEO
¢
Compensation Actually Paid to Former CEO
¢
Compensation Actually Paid to Other non-PEO NEO's
—
—
TSR
        
Compensation Actually Paid vs. Net Income    
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Net Income during the five most recently completed fiscal years.
Compensation Actually Paid versus Net Income
1649267458765
¢Compensation Actually Paid to CEO¢Compensation Actually Paid to Former CEO
¢Compensation Actually Paid to Other non-PEO NEO's—
—		Net Income
        
Compensation Actually Paid vs. Company Selected Measure    
The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our other NEOs, and our Distributable Cash Flow during each of the five most recently completed fiscal years.
Compensation Actually Paid versus Distributable Cash Flow
1649267458774
¢Compensation Actually Paid to CEO¢Compensation Actually Paid to Former CEO
¢Compensation Actually Paid to Other non-PEO NEO's—
—		Distributable Cash Flow
        
Total Shareholder Return Vs Peer Group    
The following chart compares our cumulative TSR over the five most recently completed fiscal years to Peer Group TSR over the same period.
Kemper TSR versus Peer Group TSR
1649267458785
—
—
Kemper TSR
—
—
Peer Group TSR
        
Tabular List, Table    
Distributable Cash Flow
Adjusted Operating Income
Relative Total Shareholder Return
Adjusted Tangible Book Value
Adjusted Return on Equity
Revenue
        
Total Shareholder Return Amount     $ 59.07 95.23 68.41 67.38 78.53
Peer Group Total Shareholder Return Amount     206.61 195.70 154.07 140.14 128.18
Net Income (Loss)     $ 143,300,000 $ 317,800,000 $ (272,100,000) $ (286,600,000) $ (123,700,000)
Company Selected Measure Amount     688,900,000 608,900,000 284,300,000 307,900,000 (202,600,000)
PEO Name Mr. Evans Mr. Lacher          
Additional 402(v) Disclosure     Cumulative TSR is calculated by dividing (i) the sum of (A) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (B) the difference between the Company’s share price at the end of the measurement period and the beginning of the measurement period.Represents the amount of Net (Loss) Income reflected in the Company’s audited financial statements for each applicable year.        
Measure:: 1              
Pay vs Performance Disclosure              
Name     Distributable Cash Flow        
Non-GAAP Measure Description     Distributable cash flow represents insurance company statutory Net Income and Non-insurance company GAAP Net Income plus additional dividends paid to parent as a result of management-specific capital efficiency strategies adjusted for amount of Actual Catastrophe Losses and LAE to equal Expected Catastrophe Losses and additional significant unusual or nonrecurring items as permitted by the Omnibus Plan.        
Measure:: 2              
Pay vs Performance Disclosure              
Name     Adjusted Operating Income        
Measure:: 3              
Pay vs Performance Disclosure              
Name     Relative Total Shareholder Return        
Measure:: 4              
Pay vs Performance Disclosure              
Name     Adjusted Tangible Book Value        
Measure:: 5              
Pay vs Performance Disclosure              
Name     Adjusted Return on Equity        
Measure:: 6              
Pay vs Performance Disclosure              
Name     Revenue        
Evans Jr. [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     $ 3,090,806        
PEO Actually Paid Compensation Amount     1,214,093        
Lacher, Jr. [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount     8,395,935        
PEO Actually Paid Compensation Amount     (5,107,746)        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       $ 0 $ 0 $ 0 $ 0
PEO | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0 0 0
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       (6,999,206) (6,100,711) (6,000,000) (5,378,990)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       13,985,600 2,062,860 279,840 (4,070,643)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       9,443,333 2,896,142 3,820,463 1,888,580
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       3,212,364 (1,213,236) (3,214,502) (5,261,544)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0 0 0
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       1,329,903 379,954 (326,121) (697,679)
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0 0 0
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount       0 0 0 0
PEO | Evans Jr. [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (93,938)        
PEO | Evans Jr. [Member] | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Evans Jr. [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,982,604)        
PEO | Evans Jr. [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     199,829        
PEO | Evans Jr. [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,648,529        
PEO | Evans Jr. [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,296,745)        
PEO | Evans Jr. [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Evans Jr. [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (151,955)        
PEO | Evans Jr. [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Evans Jr. [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Lacher, Jr. [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Lacher, Jr. [Member] | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Lacher, Jr. [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (5,429,697)        
PEO | Lacher, Jr. [Member] | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (8,073,984)        
PEO | Lacher, Jr. [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     2,088,678        
PEO | Lacher, Jr. [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (8,970,027)        
PEO | Lacher, Jr. [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
PEO | Lacher, Jr. [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,117,683)        
PEO | Lacher, Jr. [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (74,952)        
PEO | Lacher, Jr. [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0 0
Non-PEO NEO | Aggregate Pension Adjustments Service Cost              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,803,831) (2,717,438) (1,231,584) (1,510,000) (1,146,961)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (308,077) 4,135,951 240,475 467,892 (733,622)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     1,352,611 3,242,428 499,511 1,084,633 352,109
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (1,538,512) 603,171 (126,046) (554,250) (973,538)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (119,100) 290,352 84,937 (62,491) (112,193)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     (3,076) 0 (217,927) 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year              
Pay vs Performance Disclosure              
Adjustment to Compensation, Amount     $ 0 $ 0 $ 0 $ 0 $ 0
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Feb. 04, 2025
USD ($)
shares
$ / shares
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure
At each February meeting, it is the HR&CC’s long-standing practice to review Kemper’s results for the previous fiscal year, review the Company’s financial plan and strategy for the upcoming fiscal year, and based on those reviews approve awards under the LTI Plan for the upcoming fiscal year. Kemper’s LTI Plan includes option awards (and accompanying SARs), which are granted with an exercise price equal to the closing market price of our Common Stock on the grant date.
The timing of the HR&CC’s meeting, and thus the grant date for awards under the LTI Plan, is based on this historic practice and the meeting schedule does not take into account the timing of the Company’s release of earnings results or filings required by the Securities Exchange Act of 1934, which may contain material nonpublic information. HR&CC meetings are scheduled to coincide with meetings of the Board, which are scheduled for the first Wednesday in February of each year. The Company’s practice is to not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
Other than grants made in connection with hiring or promotion, equity awards are granted to NEOs at the same time that equity awards are granted to all other employees who are eligible for such awards.
Consistent with this long-time practice, the HR&CC made awards of option to our NEOs in February 2025 in the period beginning four business days before our filing of a periodic report on Form 10-K or Form 10-Q or the filing or furnishing of a current report on Form 8-K that disclosed material nonpublic information (other than a current report on Form 8-K disclosing a material new stock option award under Item 5.02(e) of such Form 8-K), and ending one business day after the filing or furnishing of such report (the “Designated Periods”). Pursuant to SEC Rules, we are providing the following information relating to options awarded to NEOs in the Designated Periods occurring in 2025:
NameGrant Date
Number of
Securities
Underlying
the Award
(#)
Exercise Price
of the Award
($/Sh)
Grant Date
Fair Value of
the Award
($)
Percentage Change in the Closing Market Price of the
Securities Underlying the Award Between the Trading
Day Ending Immediately Prior to the Disclosure of
Material Nonpublic Information and the Trading Day
Beginning Immediately Following the Disclosure of
Material Nonpublic Information
C. Thomas Evans, Jr.2/4/202511,516 66.00 248,626 5.30%
Bradley T. Camden2/4/202515,685 66.00 338,631 5.30%
John M. Boschelli2/4/202513,637 66.00 294,417 5.30%
Matthew A. Hunton2/4/202515,685 66.00 338,631 5.30%
Laura A. Rock2/4/202511,516 66.00 248,626 5.30%
Joseph P. Lacher, Jr.2/4/202563,637 66.00 1,373,886 5.30%
Duane A. Sanders2/4/202516,364 66.00 353,291 5.30%
  
Award Timing Method
At each February meeting, it is the HR&CC’s long-standing practice to review Kemper’s results for the previous fiscal year, review the Company’s financial plan and strategy for the upcoming fiscal year, and based on those reviews approve awards under the LTI Plan for the upcoming fiscal year. Kemper’s LTI Plan includes option awards (and accompanying SARs), which are granted with an exercise price equal to the closing market price of our Common Stock on the grant date.
The timing of the HR&CC’s meeting, and thus the grant date for awards under the LTI Plan, is based on this historic practice and the meeting schedule does not take into account the timing of the Company’s release of earnings results or filings required by the Securities Exchange Act of 1934, which may contain material nonpublic information. HR&CC meetings are scheduled to coincide with meetings of the Board, which are scheduled for the first Wednesday in February of each year. The Company’s practice is to not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
Other than grants made in connection with hiring or promotion, equity awards are granted to NEOs at the same time that equity awards are granted to all other employees who are eligible for such awards. 		 
Award Timing Predetermined true  
Award Timing MNPI Considered false  
MNPI Disclosure Timed for Compensation Value false  
Awards Close in Time to MNPI Disclosures, Table
NameGrant Date
Number of
Securities
Underlying
the Award
(#)
Exercise Price
of the Award
($/Sh)
Grant Date
Fair Value of
the Award
($)
Percentage Change in the Closing Market Price of the
Securities Underlying the Award Between the Trading
Day Ending Immediately Prior to the Disclosure of
Material Nonpublic Information and the Trading Day
Beginning Immediately Following the Disclosure of
Material Nonpublic Information
C. Thomas Evans, Jr.2/4/202511,516 66.00 248,626 5.30%
Bradley T. Camden2/4/202515,685 66.00 338,631 5.30%
John M. Boschelli2/4/202513,637 66.00 294,417 5.30%
Matthew A. Hunton2/4/202515,685 66.00 338,631 5.30%
Laura A. Rock2/4/202511,516 66.00 248,626 5.30%
Joseph P. Lacher, Jr.2/4/202563,637 66.00 1,373,886 5.30%
Duane A. Sanders2/4/202516,364 66.00 353,291 5.30%
  
Evans Jr. [Member]    
Awards Close in Time to MNPI Disclosures    
Name   C. Thomas Evans, Jr.
Underlying Securities | shares   11,516
Exercise Price | $ / shares   $ 66.00
Fair Value as of Grant Date | $   $ 248,626
Underlying Security Market Price Change   0.0530
Camden [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Bradley T. Camden
Underlying Securities | shares   15,685
Exercise Price | $ / shares   $ 66.00
Fair Value as of Grant Date | $   $ 338,631
Underlying Security Market Price Change   0.0530
Boschelli [Member]    
Awards Close in Time to MNPI Disclosures    
Name   John M. Boschelli
Underlying Securities | shares   13,637
Exercise Price | $ / shares   $ 66.00
Fair Value as of Grant Date | $   $ 294,417
Underlying Security Market Price Change   0.0530
Hunton [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Matthew A. Hunton
Underlying Securities | shares   15,685
Exercise Price | $ / shares   $ 66.00
Fair Value as of Grant Date | $   $ 338,631
Underlying Security Market Price Change   0.0530
Rock [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Laura A. Rock
Underlying Securities | shares   11,516
Exercise Price | $ / shares   $ 66.00
Fair Value as of Grant Date | $   $ 248,626
Underlying Security Market Price Change   0.0530
Lacher, Jr. [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Joseph P. Lacher, Jr.
Underlying Securities | shares   63,637
Exercise Price | $ / shares   $ 66.00
Fair Value as of Grant Date | $   $ 1,373,886
Underlying Security Market Price Change   0.0530
Sanders [Member]    
Awards Close in Time to MNPI Disclosures    
Name   Duane A. Sanders
Underlying Securities | shares   16,364
Exercise Price | $ / shares   $ 66.00
Fair Value as of Grant Date | $   $ 353,291
Underlying Security Market Price Change   0.0530
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true