Joseph P. Lacher

President & Chief Executive Officer at KEMPER

Board

Since 2015

Age

55 years

Tenure

Joined KMPR in 2015 as President & Chief Executive Officer and Director, and served as Chairman from 2021 to 2024.

Also at KEMPER

BTC

Bradley T. Camden

Executive Vice President and Chief Financial Officer (CFO)

CTB

Charles T. Brooks

Executive Vice President, Operations and Systems

CWF

Christopher W. Flint

Executive Vice President and President of Kemper Life

About

Joseph P. Lacher, Jr. is an experienced insurance executive who has built his career through leadership roles at major industry players, including Allstate Protection and The Travelers Companies, Inc..

At KMPR, he has demonstrated his expertise by steering the company as President & Chief Executive Officer since 2015, while also fulfilling responsibilities as a Director and serving as Chairman of the Board from 2021 to 2024.

Beyond his corporate roles, he contributes to the industry and community through his involvement with several boards and organizations, underscoring his commitment to effective governance and corporate responsibility.

$KMPR Performance Under Joseph P. Lacher

Past Roles

Organization	Role	Date Range	Details
Allstate Corporation	President, Allstate Protection	Pre-KMPR	Oversaw operations within a significant division of Allstate Corporation
The Travelers Companies, Inc.	Executive Vice President - Select Accounts	Pre-KMPR	Managed various accounts
The Travelers Companies, Inc.	Executive Vice President - Personal Insurance	Pre-KMPR	Managed personal insurance operations

External Roles

Organization	Role	Date Range	Details
American Property Casualty Insurance Association	Board of Directors	Current	N/A
Breakthrough T1D (formerly JDRF)	International Board of Directors and at-large Executive Committee member (Illinois)	Current	N/A
Field Museum of Natural History	Board of Trustees	Current	N/A

Fixed Compensation

Data from FY 2024

Component Name	Amount	Payment Schedule	Additional Details
Salary	$1,091,154	Annual	Base salary for 2024
All Other Compensation	$110,240	Annual	Includes various benefits and perquisites (not further broken down)

Performance Compensation

Data from FY 2024

Non-Equity Incentive Plan Compensation

Metric	Details
Threshold	$704,000
Target	$1,760,000
Maximum	$3,520,000
Actual Payout	$3,256,000 (185% of target)
Performance Metrics	Adjusted Operating Income (50%), Distributable Cash Flow (30%), Qualitative Factors (20%)
Vesting/Payment	Determined post fiscal year-end upon HR&CC certification
Evaluation Period	Fiscal Year 2024

Stock Awards (Equity-Based Performance Compensation)

Component	Metric	Details
PSUs (First Award)	Threshold	21,676 shares
PSUs (First Award)	Target	43,351 shares
PSUs (First Award)	Maximum	86,702 shares
PSUs (First Award)	Grant Date Fair Value	$2,976,046
PSUs (Second Award)	Threshold	10,838 shares
PSUs (Second Award)	Target	21,675 shares
PSUs (Second Award)	Maximum	43,350 shares
PSUs (Second Award)	Grant Date Fair Value	$1,146,391
RSUs	Number of Shares	21,676 shares
RSUs	Grant Date Fair Value	$1,250,055
General	Grant Date	February 6, 2024
General	Grant Date Stock Price	$57.67
Allocation	Overall Equity Award Mix	20% Stock Options, 20% RSUs, 60% PSUs

Option Awards (Long-Term Incentive)

Metric	Details
Number of Options	86,701
Grant Date Fair Value	$1,626,714
Exercise Price	$57.67 per share
Vesting Schedule	Three equal annual installments starting on the first anniversary of the grant date
Expiration Date	February 6, 2034
Conditions	Subject to forfeiture and transfer restrictions; non-qualified stock options with tandem Stock Appreciation Rights (SARs)