Kemper Commits to $150M Share Repurchase through Goldman Sachs

Kemper has entered into an accelerated share repurchase transaction with Goldman Sachs to repurchase $150 million of its outstanding common stock. The ASR will be completed under Kemper's previously announced $550 million share repurchase program.

Kemper Corporation (NYSE: KMPR) has entered into an accelerated share repurchase (ASR) transaction with Goldman Sachs & Co. LLC, aiming to repurchase $150 million of its outstanding common stock. This ASR is part of Kemper’s previously announced $550 million share repurchase program. The agreement stipulates that on August 14, 2025, Kemper will pay $150 million to Goldman Sachs, with an initial delivery of 2,279,203 shares of Kemper common stock. The transactions are expected to be completed within approximately three months [1].

Joseph P. Lacher, Jr., President and CEO of Kemper, stated, "This accelerated share repurchase reflects our strong confidence in the business and our disciplined approach to creating shareholder value. 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].

Under the ASR agreement, the total number of shares to be repurchased 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 [1].

Kemper Corporation is one of the nation's leading specialized insurers, with approximately $13 billion in assets. It provides affordable and easy-to-use personalized insurance 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 [1].

References:
[1] https://www.morningstar.com/news/business-wire/20250813574508/kemper-announces-150-million-accelerated-share-repurchase
[2] https://www.ainvest.com/news/goldman-sachs-maintains-buy-rating-monday-lowers-pt-270-2508/
[3] https://seekingalpha.com/news/4485075-kemper-announces-150m-accelerated-share-repurchase
[4] https://www.bdtonline.com/news/nation_world/kemper-announces-150-million-accelerated-share-repurchase/article_3ae018a1-ba87-5090-b2f1-79e2abfc8af3.html