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Stockholders’ Equity
6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Shareholders’ Equity
Common Stock Repurchases
On May 6, 2020, Kemper’s Board of Directors authorized the repurchase of up to an additional $200.0 million of Kemper’s common stock, in addition to $133.3 million remaining under the August 6, 2014 authorization, bringing the remaining share repurchase authorization to approximately $333.3 million. As of June 30, 2024, the remaining share repurchase authorization was $171.6 million under the repurchase program.
During the three and six months ended June 30, 2024 and 2023, Kemper did not repurchase any shares of its common stock.
Employee Stock Purchase Plan
During the three months ended June 30, 2024 and 2023, the Company issued 18,000 and 26,000 shares under the Kemper Employee Stock Purchase Plan (“ESPP”) at a discounted price of $50.43 and $41.02 per share, respectively. Compensation costs charged against income were $0.2 million for the three months ended June 30, 2024 and 2023.
During the six months ended June 30, 2024 and 2023, the Company issued 33,000 and 44,000 shares under the Kemper ESPP, respectively, at an average discounted price of $51.41 and $43.28 per share. Compensation costs charged against income were $0.3 million for the six months ended June 30, 2024 and 2023.