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    Joseph P. Lacher

    President & Chief Executive Officer at Kemper Corp
    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 Corp

    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 NameAmountPayment ScheduleAdditional Details
    Salary$1,091,154 AnnualBase salary for 2024
    All Other Compensation$110,240 AnnualIncludes various benefits and perquisites (not further broken down)

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan Compensation

    MetricDetails
    Threshold$704,000
    Target$1,760,000
    Maximum$3,520,000
    Actual Payout$3,256,000 (185% of target)
    Performance MetricsAdjusted Operating Income (50%), Distributable Cash Flow (30%), Qualitative Factors (20%)
    Vesting/PaymentDetermined post fiscal year-end upon HR&CC certification
    Evaluation PeriodFiscal Year 2024

    Stock Awards (Equity-Based Performance Compensation)

    ComponentMetricDetails
    PSUs (First Award)Threshold21,676 shares
    PSUs (First Award)Target43,351 shares
    PSUs (First Award)Maximum86,702 shares
    PSUs (First Award)Grant Date Fair Value$2,976,046
    PSUs (Second Award)Threshold10,838 shares
    PSUs (Second Award)Target21,675 shares
    PSUs (Second Award)Maximum43,350 shares
    PSUs (Second Award)Grant Date Fair Value$1,146,391
    RSUsNumber of Shares21,676 shares
    RSUsGrant Date Fair Value$1,250,055
    GeneralGrant DateFebruary 6, 2024
    GeneralGrant Date Stock Price$57.67
    AllocationOverall Equity Award Mix20% Stock Options, 20% RSUs, 60% PSUs

    Option Awards (Long-Term Incentive)

    MetricDetails
    Number of Options86,701
    Grant Date Fair Value$1,626,714
    Exercise Price$57.67 per share
    Vesting ScheduleThree equal annual installments starting on the first anniversary of the grant date
    Expiration DateFebruary 6, 2034
    ConditionsSubject to forfeiture and transfer restrictions; non-qualified stock options with tandem Stock Appreciation Rights (SARs)