Kemper Announces $150 Million Accelerated Share Repurchase Transaction
ByAinvest
Wednesday, Aug 13, 2025 5:36 pm ET1min read
KMPR--
Under the ASR agreement, Kemper will pay $150 million to Goldman Sachs and expects to receive an initial delivery of 2,279,203 shares of Kemper common stock. The total number of shares to be repurchased will be based on the volume-weighted average price of Kemper common stock during the term of the ASR agreement, less a discount, and subject to customary adjustments [1].
The ASR reflects Kemper's strong confidence in its business and disciplined approach to creating shareholder value, according to Joseph P. Lacher, Jr., President and CEO. He 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" [1].
The transactions under the ASR agreement are expected to be completed within approximately three months. Kemper, with approximately $13 billion in assets, is one of the nation's leading specialized insurers, serving over 4.7 million policies through its Kemper Auto and Kemper Life brands [1].
References:
[1] Kemper Corporation. (2025, August 13). Kemper Corporation Announces $150 Million Accelerated Share Repurchase. Business Wire. Retrieved from https://www.businesswire.com/news/home/20250813574508/en/
Kemper Corporation has entered into an accelerated share repurchase transaction with Goldman Sachs to repurchase $150 million of its outstanding common stock. The transaction is part of Kemper's previously announced $550 million share repurchase authorizations. Kemper's CEO, Joseph P. Lacher, stated that the ASR reflects the company's strong confidence in the business and its disciplined approach to creating shareholder value. The total number of shares to be repurchased will be based on the volume-weighted average price of Kemper common stock during the term of the ASR agreement.
CHICAGO, IL – Kemper Corporation (NYSE: KMPR) has entered into an accelerated share repurchase (ASR) agreement with Goldman Sachs & Co. LLC to repurchase $150 million of its outstanding common stock. This transaction is part of the company's previously announced $550 million share repurchase authorizations [1].Under the ASR agreement, Kemper will pay $150 million to Goldman Sachs and expects to receive an initial delivery of 2,279,203 shares of Kemper common stock. The total number of shares to be repurchased will be based on the volume-weighted average price of Kemper common stock during the term of the ASR agreement, less a discount, and subject to customary adjustments [1].
The ASR reflects Kemper's strong confidence in its business and disciplined approach to creating shareholder value, according to Joseph P. Lacher, Jr., President and CEO. He 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" [1].
The transactions under the ASR agreement are expected to be completed within approximately three months. Kemper, with approximately $13 billion in assets, is one of the nation's leading specialized insurers, serving over 4.7 million policies through its Kemper Auto and Kemper Life brands [1].
References:
[1] Kemper Corporation. (2025, August 13). Kemper Corporation Announces $150 Million Accelerated Share Repurchase. Business Wire. Retrieved from https://www.businesswire.com/news/home/20250813574508/en/
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