Media Statement: Kemper Provides Update on Florida Auto Rates and Premium Credits

Kemper has taken a series of rate reductions for its Florida auto customers as insurance market conditions in the state have improved following legislative reforms that significantly reduced legal system abuse in Florida. Relatedly, Kemper worked collaboratively with the Florida Office of Insurance Regulation to return approximately $46.2 million covering the 2023-2025 period in accordance with Florida statutory obligations.

Kemper expects to begin notifying customers who qualify for credits or refunds on November 19. Current customers who qualify will receive credits to their accounts, while former customers who qualify will receive refunds.

"Florida's auto insurance market has shown meaningful improvement, and we are pleased that our customers are benefiting through lower rates," said Stephen J. McAnena, President and CEO of Kemper. "We will continue to evaluate market conditions and price our products appropriately while providing the coverage and service our customers rely on."

The $46.2 million associated with these credits and refunds was previously recognized in Kemper's financial results for the fourth quarter of 2025 and first quarter of 2026. Accordingly, the distribution of these funds does not represent an additional expense or impact on earnings.

About Kemper

The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $12 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 Kemper Auto and Kemper Life brands. Kemper serves over 4.4 million policies, is represented by 24,100 agents and brokers, and has 7,000 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.

Contacts

Investors: Michael Marinaccio, 312.661.4930 or [email protected]

Media: Barbara Ciesemier, 312.661.4521 or [email protected]