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CHICAGO - Kemper Corporation (NYSE:KMPR) announced the approval of an amended incentive plan and the results of its annual shareholder meeting, based on a recent SEC filing. At the meeting held on Wednesday, May 7, 2025, shareholders approved the Second Amended and Restated Kemper Corporation 2023 Omnibus Plan (the "Second A&R Plan"), which increases the total number of shares of common stock authorized for issuance by 625,000 shares.
The Second A&R Plan was detailed in the company’s proxy statement filed on March 26, 2025, and is now incorporated by reference into this report. The plan is designed to provide equity-based compensation to eligible employees, officers, and directors as part of Kemper’s long-term incentive strategy.
In addition to the incentive plan, the election of directors took place with all ten nominees named in the proxy statement securing their positions on the board. The advisory vote to approve the compensation of the company’s Named Executive Officers also passed, as did the ratification of Deloitte & Touche LLP as Kemper’s independent registered public accounting firm for 2025.
The detailed voting results for each proposal were provided in the filing, including the number of votes for, against, abstentions, and broker non-votes. These results reflect shareholder support for the company’s corporate governance and executive compensation policies.
Kemper Corporation, headquartered in Chicago, Illinois, is a diversified insurance holding company offering a variety of insurance products and services. The company operates through subsidiaries in the property and casualty insurance, life insurance, and health insurance markets. With a market capitalization of $4.02 billion, Kemper generated revenue of $4.64 billion in the last twelve months and maintains a healthy dividend yield of 2.08%. According to InvestingPro analysis, the company appears undervalued based on its Fair Value calculations, with analysts setting price targets ranging from $79 to $90 per share.
This article is based on the information provided in the SEC filing by Kemper Corporation.
In other recent news, Kemper Corporation reported its first-quarter 2025 earnings, revealing an earnings per share (EPS) of $1.65, surpassing the forecasted $1.49. However, the company’s revenue fell short of expectations, reaching $1.19 billion compared to a projected $1.22 billion. Despite the revenue miss, Kemper’s profitability was highlighted by a 24% growth in written premiums and a 14% increase in policies in force. The company’s debt-to-capital ratio improved to 22.9%, indicating a strengthening financial position. Looking ahead, Kemper anticipates continued growth in policies and a gradual increase in its combined ratio. Analysts have not made any recent upgrades or downgrades to Kemper’s stock, but the company remains confident in its ability to manage potential tariff impacts. Overall, these developments reflect Kemper’s focus on maintaining strong financial health and strategic growth.
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