8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 26, 2023

Kemper Corporation

(Exact name of registrant as specified in its charter)

Commission File Number: 001-18298

200 E. Randolph Street, Suite 3300, Chicago, IL 60601

(Address of principal executive offices, including zip code)

312-661-4600

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2.below):

| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | | --- | --- || ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | | --- | --- || ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | | --- | --- || ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | | --- | --- |

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition

period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of

the Exchange Act.    ¨

Section 2 – Financial Information

On January 26, 2023, Kemper Corporation (“Kemper” or the “Registrant”) issued a press release announcing the schedule for its fourth quarter 2022 earnings release and its preliminary results for the fourth quarter of 2022. The press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference. This exhibit is being furnished and not filed, pursuant to Instruction B.2 of Form 8-K.

Section 9 – Financial Statements and Exhibits

(d) Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Document

Exhibit 99.1

	Kemper Corporation<br><br>200 East Randolph Street<br><br>Suite 3300<br><br>Chicago, IL 60601<br><br>kemper.com
Press Release

Kemper Announces Schedule for Fourth Quarter 2022 Earnings Release and Preliminary Results

CHICAGO, January 26, 2023 — Kemper Corporation (NYSE: KMPR) today announced that after the markets close on Thursday, February 2, 2023, Kemper will issue its fourth quarter 2022 earnings release and financial supplement. The company expects to file its annual report on Form 10-K with the Securities and Exchange Commission approximately one week later. Following their publication, these documents will be available in the investor section of kemper.com.

PRELIMINARY RESULTS

Preliminary results for the fourth quarter of 2022 include an estimated net loss between $50 million and $65 million and an estimated adjusted consolidated net operating loss between $25 million and $35 million.

Estimated fourth quarter and full year recorded combined ratios are as follows:

•The fourth quarter of 2022 combined ratios were adversely impacted by increases in claim reserve for the first three quarters of 2022 and prior year claim reserve additions.

•The preliminary unfavorable prior year reserve development of $8 million in the fourth quarter was primarily driven by an increase in third party loss settlement costs, reduced salvage values, and an increase in Florida PIP defense costs.

•The Kemper Auto fourth quarter preliminary combined ratio of 109 percent includes $7 million of adverse loss and legal cost development for the first three quarters of 2022.

•The Kemper Personal Insurance fourth quarter preliminary combined ratio of 111 percent includes $3 million of adverse loss and legal cost development for the first three quarters of 2022.

•For the year, Kemper recorded preliminary favorable prior year reserve development of $17 million.

•Preliminary catastrophe losses for the fourth quarter 2022 were $9 million.

CONFERENCE CALL DETAILS

Kemper will host its conference call to discuss fourth quarter 2023 results on Thursday, February 2, 2023, at 5:00 pm Eastern (4:00 pm Central). The conference call will be accessible via the internet and by telephone at 844.200.6205, access code 906245. To listen via webcast, register online at the investor section of kemper.com at least 15 minutes prior to the webcast to install any necessary software. A replay of the webcast will be available online at the investor section of kemper.com.

About Kemper

The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance and Life brands. Kemper serves over six million policies, is represented by 33,500 agents and brokers, and has 10,100 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.

Contacts

Investors: Karen Guerra, 312.668.9720, investors@kemper.com

News Media: Barbara Ciesemier, 312.661.4521, bciesemier@kemper.com