Kemper Launches $150 Million Accelerated Share Repurchase Program

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08/13/2025 – 05:33 PM

CHICAGO–(BUSINESS WIRE)– Kemper Corporation (NYSE: KMPR) is making a bold move, announcing an accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. LLC. The insurer will buy back $150 million of its own common stock, signaling strong confidence in its future performance and a keen eye toward shareholder value. This ASR falls under Kemper’s existing $550 million share repurchase authorization, indicating a sustained commitment to returning capital to investors.

“This accelerated share repurchase reflects our strong confidence in the business and our disciplined approach to creating shareholder value,” Kemper President and CEO Joseph P. Lacher, Jr. stated. “We believe our shares are undervalued, and this transaction represents a compelling use of capital. We remain focused on executing our balanced capital deployment strategy, utilizing resources to support long-term value creation.” Analysts are watching closely, as this move could signify a turning point for Kemper amidst a volatile market. The ASR suggests the company sees significant upside not currently reflected in its stock price.

Here’s how it breaks down: Kemper will shell out $150 million to Goldman Sachs on August 14, 2025, and anticipates an initial wave of 2,279,203 shares landing back in its coffers. This constitutes a significant chunk of the total shares slated for repurchase under the ASR. The final tally of repurchased shares will hinge on the volume-weighted average price of Kemper’s stock over a pre-defined period, factoring in a discount and standard adjustments as outlined in the ASR agreement.

The Street expects the entire ASR process to wrap up within approximately three months, a relatively quick turnaround designed to capitalize on perceived market inefficiencies.

About Kemper

Kemper, with its $13 billion in assets, is a major player in specialized insurance, particularly known for personalizing insurance solutions for individuals, families, and businesses under the Kemper Auto and Kemper Life brands. Serving a substantial 4.7 million policies through 24,000 agents and brokers, and supported by a workforce of 7,500, Kemper is focused on adapting to the ever-evolving demands of a changing customer base. Learn more about Kemper at Kemper.

Kemper Launches 0 Million Accelerated Share Repurchase Program