Latest news with #JosephP.Lacher
Business Wire
2 days ago
- Business
- Business Wire
Kemper Announces $150 Million Accelerated Share Repurchase
CHICAGO--(BUSINESS WIRE)-- Kemper Corporation (NYSE: KMPR) announced today that it has entered into an accelerated share repurchase transaction ('ASR') under an agreement with Goldman Sachs & Co. LLC to repurchase $150 million of its outstanding common stock. The ASR will be completed under Kemper's previously announced $550 million share repurchase authorizations. "This accelerated share repurchase reflects our strong confidence in the business and our disciplined approach to creating shareholder value,' said Joseph P. Lacher, Jr., President and CEO. '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." Under the ASR agreement, on August 14, 2025, Kemper will pay $150 million to Goldman Sachs and expects to receive an initial delivery of 2,279,203 shares of Kemper common stock, representing a significant majority of the shares of Kemper common stock it expects to repurchase under the ASR agreement. The total number of shares to be repurchased pursuant to the ASR agreement will be based on the volume-weighted average price of Kemper common stock on specified dates during the term of the ASR agreement, less a discount, and subject to customary adjustments pursuant to the terms and conditions of the ASR agreement. The transactions under the ASR agreement are expected to be completed within approximately three months. About Kemper The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.7 million policies, is represented by approximately 24,000 agents and brokers, and has approximately 7,500 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.
Business Wire
05-08-2025
- Business
- Business Wire
Kemper Announces $500 Million Share Repurchase Authorization and Quarterly Dividend
CHICAGO--(BUSINESS WIRE)-- Kemper Corporation (NYSE: KMPR) announced today that its Board of Directors has approved a new share repurchase authorization, under which the Company can repurchase up to $500 million of its common stock. Repurchases may be made from time to time at the Company's discretion, subject to market conditions and other factors. In addition, Kemper also announced that its Board of Directors has declared a quarterly dividend of $0.32 per share. The dividend is payable on September 2, 2025, to Kemper's shareholders of record as of August 18, 2025. 'We remain committed to a disciplined capital strategy that balances both near- and long-term value creation,' said Joseph P. Lacher, Jr., President and CEO. 'The new share repurchase authorization and our continuing dividend demonstrate the strength of Kemper's financial position and our confidence in the underlying performance of the business.' About Kemper The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.7 million policies, is represented by approximately 24,000 agents and brokers, and has approximately 7,500 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.
Associated Press
05-02-2025
- Business
- Associated Press
Kemper Announces Dividend Increase
Kemper Corporation (NYSE: KMPR) announced today that its Board of Directors has declared an increase in the company's quarterly dividend to $0.32 per share, an increase of 3.1% or one cent over the previous quarterly dividend. The new annual dividend amount is $1.28 per share, as compared to the current dividend amount of $1.24 per share. 'This dividend increase underscores our confidence in achieving consistent, long-term growth for our shareholders,' said Kemper President and CEO Joseph P. Lacher, Jr. The dividend is payable on March 4, 2025, to shareholders of record as of February 18, 2025. About Kemper The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.8 million policies, is represented by 22,200 agents and brokers, and has 7,500 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper. Copyright Business Wire 2025. PUB: 02/05/2025 03:45 PM/DISC: 02/05/2025 03:45 PM
