# EDGAR Filing Document

**Accession Number:** 0000860748
**File Stem:** 0000860748-26-000063
**Filing Date:** 2026-5
**Character Count:** 31722
**Document Hash:** 8a052ae79d0e9a9f441111fd392e01be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000860748-26-000063.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000860748-26-000063

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**EFFECTIVENESS DATE**: 20260528

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KEMPER Corp
- **CENTRAL INDEX KEY:** 0000860748
- **STANDARD INDUSTRIAL CLASSIFICATION:** FIRE, MARINE & CASUALTY INSURANCE [6331]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 954255452
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-296300
- **FILM NUMBER:** 261035377

**BUSINESS ADDRESS:**
- **STREET 1:** 200 E. RANDOLPH ST.
- **STREET 2:** SUITE 3300
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601
- **BUSINESS PHONE:** 3126614600

**MAIL ADDRESS:**
- **STREET 1:** 200 E. RANDOLPH ST.
- **STREET 2:** SUITE 3300
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UNITRIN INC
- **DATE OF NAME CHANGE:** 19930328

 **As filed with the Securities and Exchange Commission on May 28, 2026** 

**Registration No. 333-_____** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**FORM S-8** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

**KEMPER CORPORATION** 

**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Delaware** | **95-4255452** |
| **(State or Other Jurisdiction of**<br>**Incorporation or Organization)** | **(I.R.S. Employer**<br>**Identification No.)** |

---

**200 E. Randolph Street**

**Suite 3300**

**Chicago, Illinois 60601**

**(Address and Zip Code of Principal Executive Offices)** 

**Kemper Corporation 2026 Inducement Plan**

**(Full title of the plan)** 

**C. Thomas Evans, Jr.** 

**Interim Chief Executive Officer, Secretary, and General Counsel** 

**200 E. Randolph Street, Suite 3300** 

**Chicago, Illinois 60601** 

**312-661-4600**

**(Name, Address, and Telephone Number, including Area Code, of Agent for Service)** 

------

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |

---

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 7(a)(2)(B) of the Securities Act. ☐

------

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS** 

All information required by Part I to be contained in the prospectus is omitted from this Registration Statement in accordance with the explanatory note to Part I of Form S-8 and Rule 428 under the Securities Act of 1933, as amended (the "Securities Act"). This Registration Statement on Form S-8 is filed by Kemper Corporation (the "Registrant") regarding the Kemper Corporation 2026 Inducement Plan (the "Plan"). Documents containing the information required by Part I of the Registration Statement will be sent or given to Plan participants as specified by Rule 428(b)(1) under the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference.** 

The following documents, which have been filed by the Registrant with the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act"), are incorporated in this Registration Statement by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.the Registrant's Annual Report on <u>[Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000860748/000086074826000014/kmpr-20251231.htm)</u> for the fiscal year ended December 31, 2025, filed with the Commission on February 11, 2026 (the "2025 Annual Report");

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.the Registrant's Quarterly Report on <u>[Form 10-Q](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000860748/000086074826000045/kmpr-20260331.htm)</u> for the fiscal quarter ended March 31, 2026, filed with the Commission on May 6, 2026;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.the Registrant's Current Reports on Form 8-K, filed with the Commission on <u>[May 6, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000860748/000086074826000041/kmpr-20260504.htm)</u>, <u>[May 7, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000860748/000086074826000048/kmpr-20260506.htm)</u>, and <u>[May 27, 2026](https://www.sec.gov/ix?doc=/Archives/edgar/data/0000860748/000086074826000056/kmpr-20260521.htm)</u>; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.the description of the Registrant's Common Stock, contained under the caption "<u>[Description of Kemper Capital Stock](https://www.sec.gov/Archives/edgar/data/860748/000119312518128963/d331902ds4a.htm#rom331902_166)</u>," in Amendment No. 1 to the Registrant's Registration Statement on <u>[Form S-4](https://www.sec.gov/Archives/edgar/data/860748/000119312518128963/d331902ds4a.htm)</u> filed with the Commission on April 24, 2018, including <u>[Exhibit 4.8](https://www.sec.gov/Archives/edgar/data/860748/000086074826000014/kmpr202512312025ex48.htm)</u> to the 2025 Annual Report<u>,</u> and any amendment or other report filed for the purpose of updating such description.

All reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act (other than current reports on Form 8-K furnished pursuant to Item 2.02 or Item 7.01 of Form 8-K, including any exhibits included with such information, unless otherwise indicated therein) after the date of this Registration Statement, but prior to the filing of a post-effective amendment that indicates that all securities offered hereby have been sold or that deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4. Description of Securities.**

Not applicable.

------

**Item 5. Interests of Named Experts and Counsel.** 

Baird Allis, who has rendered an opinion as to the validity of the Common Stock being registered by this Registration Statement, is an employee of the Registrant. Mr. Allis is not eligible to participate in the Plan. Mr. Allis beneficially owns or has rights to acquire an aggregate of less than 1.0% of the Common Stock.

**Item 6. Indemnification of Directors and Officers.**

Under Section 145 of the General Corporation Law of the State of Delaware ("DGCL"), the Registrant may indemnify a director or officer in connection with an action, suit or proceeding (other than in connection with actions by or in the right of the Registrant) against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Registrant and, in the case of any criminal action or proceeding, had no reasonable cause to believe such person's conduct was unlawful. In addition, under Section 145 of the DGCL, the Registrant may indemnify a director or officer in connection with an action or suit by or in the right of the Registrant against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the Registrant, except that the Registrant may not so indemnify the director or officer if the director or officer is adjudged to be liable to the Registrant, unless a court determines that, despite such adjudication but in view of all of the circumstances, the director or officer is entitled to indemnification of such expenses which such court deems proper.

Under Section 145 of the DGCL, expenses (including attorneys' fees) incurred by an officer or director in defending any civil, criminal, administrative or investigative action, suit or proceeding may be paid by the Registrant in advance of the final disposition of such action, suit or proceeding upon receipt of an undertaking by or on behalf of such director or officer to repay such amount if it shall ultimately be determined that such person is not entitled to be indemnified by the Registrant as authorized in Section 145 of the DGCL. In accordance with Section 145 of the DGCL, such expenses (including attorneys' fees) incurred by former directors and officers may be so paid upon such terms and conditions, if any, as the Registrant deems appropriate.

The Registrant's Certificate of Incorporation and Bylaws provide for indemnification of the directors and officers of the Registrant and for advancement of expenses incurred by a director or officer in defending an action to the fullest extent permitted by current Delaware law. The Registrant's Certificate of Incorporation and Bylaws eliminate the personal liability of a director to the Registrant or its shareholders for monetary damages for breach of fiduciary duty as a director as authorized by Section 102(b)(7) of the DGCL, but not with regard to a director's liability for breach of duty of loyalty, acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, willful or negligent violation of DGCL provisions regarding dividend payments or stock purchase or redemption, or any transaction from which the director derived an improper personal benefit.

Each of the Registrant's directors and executive officers is a party to an indemnification agreement with the Registrant, as permitted by the DGCL. These agreements provide that the Registrant will indemnify the director or executive officers against all threatened, asserted, pending or completed claims, investigations or inquiries in which he or she is involved by reason of (among other things) being a director or executive officer of the Registrant or another entity at the Registrant's request to the fullest extent permitted by Delaware law. These agreements also provide that the Registrant will advance any and all expenses incurred by such director or executive officer with respect to such claims, investigations or inquiries, if so requested; however, the rights to indemnification and advancement of expenses are subject to the condition that no determination is made that such director or executive officer is not permitted to be indemnified under applicable law. These agreements require written consent of both parties to be amended.

**Item 7. Exemption from Registration Claimed.**

Not applicable.

------

**Item 8. Exhibits.** 

---

| | |
|:---|:---|
| **Exhibit<br>Number** | **Description** |
| 4.1 | <u>[Restated Certificate of Incorporation (incorporated herein by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K, filed with the Commission on August 8, 2014).](https://www.sec.gov/Archives/edgar/data/860748/000086074814000077/ex32restatedcertificateofi.htm)</u> |
| 4.2 | <u>[Amended and Restated Bylaws (incorporated herein by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K, filed with the Commission on December 6, 2022).](https://www.sec.gov/Archives/edgar/data/860748/000086074822000191/kmpr202212022022amendedand.htm)</u> |
| 4.3 | <u>[Second Amended and Restated Kemper Corporation 2023 Omnibus Plan (incorporated by reference to Appendix B to the Registrant's Definitive Proxy Statement on Schedule 14A, filed with the Commission on March 26, 2025).](https://www.sec.gov/Archives/edgar/data/860748/000086074825000099/kmpr-20250326.htm#ib9287ec29f87466f9a75bfed21e9a1c6_202)</u> |
| 4.4\* | <u>[Kemper Corporation 2026 Inducement Plan.](kemper-2026inducementplan.htm)</u> |
| 5.1\* | <u>[Opinion of Baird Allis with respect to the validity of issuance of](kempers-8opinioninducement.htm)</u> <u>[securities](kempers-8opinioninducement.htm)</u><u>[.](kempers-8opinioninducement.htm)</u> |
| 23.1\* | <u>[Consent of Deloitte & Touche LLP.](a2026drafts-8consent.htm)</u> |
| 23.2\* | <u>[Consent of Baird Allis (contained in Exhibit 5.1).](kempers-8opinioninducement.htm)</u> |
| 24.1\* | <u>[Power of Attorney (included on the signature page of this](#i51e0c78b0408446f8c4896fb2bfe4ded_46)[Registration](#i51e0c78b0408446f8c4896fb2bfe4ded_46)[Statement).](#i51e0c78b0408446f8c4896fb2bfe4ded_46)</u> |
| 107\* | <u>[Calculation of Filing Fee](exfilingfees.htm)[Table.](exfilingfees.htm)</u> |

---

\* Each document marked with an asterisk is filed herewith.

**Item 9. Undertakings.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The undersigned Registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the "Calculation of Filing Fee Tables" or "Calculation of Registration Fee" table, as applicable, in the effective Registration Statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered herein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**<u>SIGNATURES</u>**

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Chicago, State of Illinois, on May 28, 2026.

---

| | |
|:---|:---|
| **KEMPER CORPORATION** | **KEMPER CORPORATION** |
| By: | /s/ C. Thomas Evans, Jr. |
| Name: | C. Thomas Evans, Jr. |
| Title: | Interim Chief Executive Officer, Secretary, and General Counsel |

---

**<u>POWER OF ATTORNEY</u>**

KNOW ALL BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints, severally and not jointly, each of C. Thomas Evans, Jr., Bradley T. Camden and Baird Allis with full power to act alone, as his or her true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, in any and all capacities, to sign, execute and file with the Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, any and all amendments to this Registration Statement on Form S-8 (including post-effective amendments) with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons on May 28, 2026 in the capacities indicated below.

------

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ C. Thomas Evans, Jr. | Interim Chief Executive Officer, Secretary, and General Counsel | May 28, 2026 |
| C. Thomas Evans, Jr. | *(Principal Executive Officer)* |  |
| /s/ Bradley T. Camden | Executive Vice President and Chief Financial Officer | May 28, 2026 |
| Bradley T. Camden | *(Principal Financial Officer)* |  |
| /s/ James A. Alexander | Senior Vice President and Chief Accounting Officer | May 28, 2026 |
| James A. Alexander | *(Principal Accounting Officer)* |  |
| /s/ Teresa A. Canida | Director | May 28, 2026 |
| Teresa A. Canida |  |  |
| /s/ George N. Cochran | Director | May 28, 2026 |
| George N. Cochran |  |  |
| /s/ Jason N. Gorevic | Director | May 28, 2026 |
| Jason N. Gorevic |  |  |
| /s/ Lacy M. Johnson | Director | May 28, 2026 |
| Lacy M. Johnson |  |  |
| /s/ Gerald Laderman | Director | May 28, 2026 |
| Gerald Laderman |  |  |
| /s/ Suzet M. McKinney | Director | May 28, 2026 |
| Suzet M. McKinney |  |  |
| /s/ Alberto J. Paracchini | Director | May 28, 2026 |
| Alberto J. Paracchini |  |  |
| /s/ Stuart B. Parker | Director | May 28, 2026 |
| Stuart B. Parker |  |  |
| /s/ Susan D. Whiting | Director | May 28, 2026 |
| Susan D. Whiting |  |  |

---

## Exhibit 4.4

**KEMPER CORPORATION** 

**2026 INDUCEMENT PLAN** 

1.**PURPOSE OF PLAN** 

The purpose of this Kemper Corporation 2026 Inducement Plan (this "***Plan***") of Kemper Corporation, a Delaware corporation (the "***Company***"), is to advance the interests of the Company by providing a material inducement for the best available individuals to join the Company and its subsidiaries as employees by affording such individuals an opportunity to acquire a proprietary interest in the Company.

2.**ELIGIBILITY** 

The Plan will be reserved solely for awards to persons whom the Company may issue shares of common stock, par value $0.10 per share, of the Company ("***Common Stock***") without stockholder approval pursuant to New York Stock Exchange Listing Rule 303A.08, or any successor rule relating to inducement awards (the "***Inducement Rules****")*.

3.**SHARE LIMITS; GRANT OF AWARDS** 

The maximum number of shares of Common Stock that may be delivered pursuant to awards granted to Eligible Persons under this Plan is 1,000,000 shares (the "***Share Limit***"), such limit subject to adjustment as contemplated by Section 4.3 of the 2023 Plan.

4.**EFFECTIVE DATE** 

This Plan is effective as of May 6, 2026, the date of its approval by the Board (the "***Effective Date***"). Unless earlier terminated by the Board, this Plan shall terminate at the close of business on the day before the tenth anniversary of the Effective Date. After the termination of this Plan either upon such stated expiration date or its earlier termination by the Board, no additional awards may be granted under this Plan, but previously granted awards (and the authority of the Committee with respect thereto, including the authority to amend such awards to the extent permitted by the Inducement Rules) shall remain outstanding in accordance with their applicable terms and conditions and the terms and conditions of this Plan.

5.**OTHER TERMS** 

Except as expressly set forth herein, the terms of the Plan shall be identical to the terms of the 2023 Plan, and such terms are incorporated by reference into this Plan (with such non-substantive changes as are necessary to reflect their usage in this Plan instead of the 2023 Plan); provided, however, that no ISOs shall be awarded under this Plan. In the event of any conflict between the provisions in this Plan and those of the 2023 Plan, the provisions of this Plan shall govern.

6.**DEFINED TERMS** 

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1.** "***2023 Plan***" means the Amended and Restated Kemper Corporation 2023 Omnibus Plan, as may be amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2.** "***Eligible Person***" means persons expected to become officers and other employees of the Company and its subsidiaries as the Committee in its sole discretion may select from time to time and who is eligible to receive an award under this Plan pursuant to the Inducement Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3** Defined terms not defined herein shall have the meaning set forth in the 2023 Plan.

## Exhibit 5.1

![image_0a.jpg](image_0a.jpg)***&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;***

**Exhibit 5.1**

200 E. Randolph Street, Suite 3300

Chicago, IL 60601

May 28, 2026

Kemper Corporation

200 E. Randolph Street, Suite 3300

Chicago, IL 60601

Ladies and Gentlemen:

I have acted as counsel to Kemper Corporation (the "<u>Company</u>") in connection with the preparation of the Company's Registration Statement on Form S-8 (the "<u>Registration Statement</u>") under the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), relating to the registration of an additional 1,000,000 shares of common stock, $0.10 par value per share, of the Company (the "<u>Common Stock</u>") which may be issued to participants under the Kemper Corporation 2026 Inducement Plan (the "<u>Plan</u>").

On May 6, 2026 (the "<u>Effective Date</u>"), the Board of Directors of the Company approved the Plan. Under the Plan, up to 1,000,000 total shares of Common Stock (the "<u>Registered Shares</u>") may be issued in accordance with New York Stock Exchange Listing Rule 303A.08, or any successor rule relating to inducement awards.

I have examined the Plan and such other records, documents, and matters of law and satisfied myself as to such matters of fact as I have deemed relevant for purposes of this opinion. In rendering this opinion, I have assumed without investigation that the information supplied to me by the Company and its employees and agents is accurate and complete.

Based upon and subject to the foregoing, I am of the opinion that, assuming that (i) the Registration Statement becomes effective under the Securities Act, (ii) the Registered Shares will be issued in accordance with the terms of the Plan and in the manner described in the Registration Statement and (iii) certificates representing the Registered Shares have been duly executed, countersigned by the Company's transfer agent/registrar and delivered on behalf of the Company against payment of the full consideration for the Registered Shares in accordance with the terms of the Plan (assuming in each case the consideration received by the Company is at least equal to $0.10 par value per share) or, if any Registered Shares are to be issued in uncertificated form, the Company's books shall reflect the issuance of such Registered Shares to the person entitled thereto against payment of the full consideration for the Registered Shares in accordance with the terms of the Plan (assuming in each case the consideration received by the Company is at least equal to $0.10 par value per share), the Registered Shares to be issued to participants under the Plan will be validly issued, fully paid, and non-assessable when so delivered pursuant to and in accordance with the terms and conditions of the Plan.

The opinions expressed herein are limited solely to the General Corporation Law of the State of Delaware. I express no opinion on the laws of any other jurisdiction or the applicability or effect of any such laws or principles. I do not find it necessary for purposes of this opinion, and accordingly do not purport herein, to cover the application of the federal laws of the United States of America or any state securities or "Blue Sky" laws to the delivery of the Registered Shares to the participants pursuant to and in accordance with the terms and conditions of the Plan.

I hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the reference to me included in and made a part of the Registration Statement.

Sincerely,

<u>/s/ Baird S. Allis&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

Baird S. Allis

Associate General Counsel

## Exhibit 23.1

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated February 11, 2026 relating to the financial statements of Kemper Corporation and the effectiveness of Kemper Corporation's internal control over financial reporting, appearing in the Annual Report on Form 10-K of Kemper Corporation for the year ended December 31, 2025.

/s/ DELOITTE & TOUCHE LLP

Chicago, Illinois

May 28, 2026

## Ex-Filing

?xml version='1.0' encoding='ASCII'? exfilingfees

**Exhibit 107**

**Calculation of Filing Fee Table** 

**FORM S-8** 

**(Form Type)**

**Kemper Corporation** 

(Exact Name of Registrant as Specified in its Charter)

**Newly Registered Securities**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount Registered** | **Proposed Maximum Offering Price Per Unit** | **Maximum Aggregate Offering Price** | **Fee Rate** | **Amount of Registration Fee** |
| 1 | Equity | Common Stock, par value $0.10 per share | Rule 457(h) | 1000000 | $29.095 | $29095000 | 0.00013810 | $4018.02 |
|  | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** | **Total Offering Amounts** |  | $29095000 |  | $4018.02 |
|  | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  |  | $- |
|  | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  |  | $4018.02 |

---

**Offering Notes**

**1**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;Kemper Corporation, a Delaware corporation (the "Registrant"), is registering 1,000,000 shares of common stock, par value $0.10 per share (the "Common Stock"), that may be issued under the Kemper Corporation 2026 Inducement Plan (the "Plan"). Pursuant to Rule 416 of the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement also covers such additional and indeterminate number of securities as may become issuable pursuant to the provisions of the Plan relating to adjustments for changes resulting from a stock dividend, stock split or similar change.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;The offering price per unit and in the aggregate are estimated in accordance with Rule 457(h) under the Securities Act solely for the purpose of calculating the registration fee. The price of $29.095 per share represents the average high and low sales prices of the Common Stock as quoted on the New York Stock Exchange on May 20, 2026.