Net Income (Loss) Per Unrestricted Share

9 Months Ended

Sep. 30, 2024

Net Income (Loss) Per Unrestricted Share

A reconciliation of the numerator and denominator used in the calculation of Basic Net Income (Loss) Per Unrestricted Share and Diluted Net Income (Loss) Per Unrestricted Share for the three and nine months ended September 30, 2024 and 2023 is presented below.


	Three Months Ended				Nine Months Ended
(Dollars in Millions, except per share amounts)	Sep 30, 2024		Sep 30, 2023		Sep 30, 2024		Sep 30, 2023
Net Income (Loss) attributable to Kemper Corporation	$	73.7	$	(146.3)	$	220.4	$	(323.5)




Shares in Thousands
Weighted-average Unrestricted Shares Outstanding	64,216.5		64,056.9		64,288.4		64,004.4
Equity-based Compensation Equivalent Shares	681.5		—		575.4		—
Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution	64,898.0		64,056.9		64,863.8		64,004.4

Net Income (Loss) attributable to Kemper Corporation per Unrestricted Share:
(Per Unrestricted Share in Whole Dollars)
Basic Net Income (Loss) Per Unrestricted Share	$	1.15	$	(2.28)	$	3.43	$	(5.05)
Diluted Net Income (Loss) Per Unrestricted Share	$	1.14	$	(2.28)	$	3.40	$	(5.05)

The number of shares of Kemper common stock that were excluded from the calculations of Equity-based Compensation Equivalent Shares and Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution because the effect of inclusion would be anti-dilutive was 1.0 million and 2.5 million for the three months ended September 30, 2024 and 2023, respectively.

The number of shares of Kemper common stock that were excluded from the calculations of Equity-based Compensation Equivalent Shares and Weighted-average Unrestricted Shares and Equivalent Shares Outstanding Assuming Dilution because the effect of inclusion would be anti-dilutive was 1.5 million and 2.5 million for the nine months ended September 30, 2024 and 2023, respectively.