Kemper Corporation (NYSE: KMPR) announced that it has priced a registered offering of $200 million of its 4.350% Senior Notes due 2025 (“new notes”) at an issue price of 101.193% of the principal amount. The new notes are an additional issuance of Kemper’s 4.350% Senior Notes due 2025, of which Kemper issued an initial $250 million aggregate principal amount (the “existing notes”) on February 24, 2015. The new notes will have the same terms as the existing notes (other than the date of issuance, the public offering price and the date from which interest will begin to accrue), and the new notes and the existing notes will be treated as part of a single series for all purposes under the indenture governing the 4.350% Senior Notes due 2025. The new notes will have the same CUSIP number as, and will be fungible with, the existing notes.

Kemper intends to use the net proceeds from this offering for general corporate purposes.

Kemper anticipates that the offering will close on or around June 19, 2017, subject to customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers for the transaction.

The offering is being made pursuant to an effective shelf registration statement previously filed by Kemper with the Securities and Exchange Commission (the “SEC”) and only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained on the website of the SEC at www.sec.gov or by contacting Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, Telephone: 1-866-471-2526, Email: prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, telephone collect at 1-212-834-4533; or Merrill Lynch, Pierce, Fenner & Smith Incorporated, Attention: Prospectus Department, 200 North College Street, 3rd Floor, NC1-004-03-43, Charlotte, NC 28255-0001, Telephone: 1-800-294-1322, Email: dg.prospectus_requests@baml.com.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale in any state or other jurisdiction in which such offer, solicitation or sale is unlawful.

About Kemper

The Kemper family of companies is one of the nation’s leading insurers. With $8 billion in assets, Kemper is improving the world of insurance by offering personalized solutions for individuals, families and businesses. Kemper's businesses collectively:

• Offer insurance for home, auto, life, health and valuables

• Service six million policies

• Are represented by more than 20,000 independent agents and brokers

• Employ 5,750 associates dedicated to providing exceptional service

• Are licensed to sell insurance in 50 states and the District of Columbia