UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-18298 Kemper Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of DE 95-4255452 (I.R.S. Employer Identification No.) 200 E. Randolp ...

Kemper Corporation (NYSE:KMPR) Q4 2021 Earnings Conference Call January 31, 2022 5:00 PM ET Company Participants Karen Guerra - Vice President, Investor Relations Joe Lacher - President, Chief Executive Officer and Chairman Jim McKinney - Executive Vice President and Chief Financial Officer Duane Sanders - Executive Vice President and President, Property & Casualty Division Conference Call Participants Greg Peters - Raymond James Paul Newsome - Piper Sandler Gary Ransom - Dowling & Partners Brian Meredith - ...

Third Quarter 2021 Earnings October 28, 2021 KEMPER Earnings Call Presentation – 3Q 2021 Preliminary Matters Cautionary Statements Regarding Forward-Looking Information This presentation may contain or incorporate by reference information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events and can be identified by the fact th ...

Financial Data and Key Metrics Changes - The company reported a net loss of $75 million or $1.18 per share as reported, and an adjusted loss of $69 million or $1.08 per share [21] - Adjusted consolidated net operating loss was $76 million, with an adjusted net loss of $69 million [27] - Return on tangible equity, excluding unrealized gains, was 3%, below the target return [22][32] Business Line Data and Key Metrics Changes - The Property and Casualty (P&C) segments faced environmental headwinds, with a focus on restoring profitability [23] - The Life and Health segment saw higher demand for products and strong policy retention, despite a spike in COVID-related mortality due to the Delta variant [23][49] Market Data and Key Metrics Changes - Auto claim activity increased by 18% to 20%, while severity rose by 8% to 10% due to supply chain challenges and labor shortages [36] - The specialty P&C segment reported an underlying combined ratio increase of 22 points year-over-year, with an underwriting loss of approximately $80 million [42] Company Strategy and Development Direction - The company is prioritizing profit restoration over growth in response to current environmental challenges [44] - Rate increases are being filed to address the imbalance between loss costs and earned rates, with a focus on restoring equilibrium in the system [45][70] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the pandemic's impact continues to affect results, with expectations of prolonged inflationary pressures [13][19] - The company anticipates a return to normalized mortality rates as the pandemic transitions to an endemic phase [20] Other Important Information - The company generated over $500 million in cash flow over the past twelve months, maintaining a strong balance sheet and liquidity [32] - The debt to capital ratio was reported at 21.3%, within the target range [32] Q&A Session Summary Question: How are labor shortages and materials affecting severity? - Management explained that labor shortages and supply chain issues lead to increased repair times and costs, contributing to overall severity increases [56][60] Question: What is the regulatory environment like regarding rate increases? - Management indicated that regulators are assessing historical results and current loss trends, with expectations for rate increases to be filed in various states [64][70] Question: Can you break down the loss trend in specialty auto? - Management noted that frequency is roughly within 1% of pre-pandemic levels, while severity has seen double-digit inflationary trends [88][90] Question: Is the company still comfortable growing the business amid loss cost challenges? - Management clarified that growth initiatives are being slowed due to the uncertainty of inflation duration, not due to long-term concerns about profitability [92][96] Question: What is the status of the Florida PIP charge? - Management expressed increased comfort with the current situation, noting proactive measures to mitigate future litigation risks [100][110]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________ FORM 10-Q ______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended 9/30/2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission file number 001-18298 ____________________________ ...

Financial Data and Key Metrics Changes - The company reported a net loss of $63 million or $0.97 per share as reported, and $53 million or $0.82 per share as adjusted [11] - Adjusted consolidated net operating loss was $99 million or $1.54 per diluted share as reported, and $89 million or $1.39 per share as adjusted [12] - Tangible book value per share, excluding unrealized gains, declined by 1% [12] - Return on tangible equity, excluding unrealized gains, was 11% [13] - Generated $422 million of cash from operations over the past year [13] Business Line Data and Key Metrics Changes - Specialty Property and Casualty segment generated an adjusted underwriting loss of $60 million with an underlying combined ratio of 106% [14] - Policies in force grew by 5.5% as adjusted, and direct written premium on a normalized basis grew by 13.2% [15] - Life and Health segment reported a segment income of $13 million driven by lower mortality levels and strong policy retention [36] Market Data and Key Metrics Changes - The reopening of the economy led to increased auto frequency and severity due to higher miles driven and supply chain issues [10] - The company experienced strong growth in demand for its Life products, with issuance levels above pre-pandemic levels and a historic high retention rate of 94% [36] Company Strategy and Development Direction - The company is focused on taking corrective actions to return to a more normalized underlying combined ratio within the next few quarters [14] - The acquisition of American Access is expected to enhance the specialty auto franchise value [13] - The company continues to repurchase shares and maintain financial flexibility while enhancing long-term intrinsic value [16] Management's Comments on Operating Environment and Future Outlook - Management noted that the speed of the reopening magnified the financial impact of environmental challenges [10] - The company expects inflationary pressures and supply chain challenges to persist for at least 12 to 18 months [55] - Management remains confident in the long-term profitability of the business despite current challenges [38] Other Important Information - The company highlighted its strong balance sheet and capital stewardship, with a debt-to-capital ratio of 20.7% [23] - Net investment income for the quarter was $114 million, reflecting strong core portfolio performance [25] - The company is actively monitoring and adjusting its operating model in response to legal changes and market conditions [30] Q&A Session Summary Question: Where was the deterioration in the Specialty Property Casualty segment most severe? - Management indicated that the issues were broad, with significant increases in frequency and severity due to supply chain challenges and social inflation [42] Question: How does the company view the impact of the Florida PIP court rulings? - Management stated that the rulings affect multiple policy years and will require adjustments in reserves, but they remain committed to serving the Florida market [30][82] Question: Why not slow down growth while assessing loss costs? - Management expressed confidence in their underwriting practices and the ability to adjust rates and respond to market conditions [80] Question: What is the expected timeline for normalizing the combined ratio? - Management anticipates a timeline of two to four quarters to return to a mid-90s combined ratio range [56] Question: Are there differences in trends between the Specialty and Preferred segments? - Management noted that while both segments face similar challenges, the Specialty segment is experiencing more pronounced issues due to specific market dynamics [74]

Second Quarter 2021 Earnings July 29, 2021 KEMPER Earnings Call Presentation – 2Q 2021 Preliminary Matters Cautionary Statements Regarding Forward-Looking Information This presentation may contain or incorporate by reference information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events and can be identified by the fact that ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________ FORM 10-Q ______________________________________________________ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended 06/30/2021 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Transition Period from to Commission file number 001-18298 Kemper Corporation (Exact n ...

Kemper Corporation (NYSE:KMPR) Q1 2021 Earnings Conference Call April 29, 2021 5:00 PM ET Company Participants Christine Patrick - Vice President, Investor Relations Joe Lacher - President & Chief Executive Officer Jim McKinney - Executive Vice President & Chief Financial Officer Duane Sanders - Executive Vice President & President, Property & Casualty Division Conference Call Participants Matt Carletti - JMP Securities Gary Ransom - Dowling & Partners Operator Good afternoon ladies and gentlemen and welco ...

First Quarter 2021 Earnings April 29, 2021 KEMPER Earnings Call Presentation – 1Q 2021 Preliminary Matters Cautionary Statements Regarding Forward-Looking Information This presentation may contain or incorporate by reference information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events and can be identified by the fact that ...