(e) At its meeting on May 1, 2018, the Compensation Committee of the Board of Directors of Kemper Corporation (the “Company”) approved amendments to the Kemper Executive Performance Plan (the “EPP”). The EPP amendments were made primarily to remove references to Section 162(m) of the Internal Revenue Code (“162(m)”) and related provisions due to the repeal of the exemption for performance-based compensation under 162(m) under the Tax Cuts and Jobs Act signed into law in December 2017. The EPP amendments additionally broadened the scope to include theCompany’s Chief Financial Officer as a participant, removed references to multi-year awards and revised the annual limitation on individual awards to a single $6 million cap from a two-part cap of $6 million divided into annual and multi-year awards, due to the fact that the multi-year component of the Company’s incentive compensation program was collapsed into a single annual award.

About Kemper Corporation (NYSE:KMPR)

Kemper Corporation is a diversified insurance holding company. The Company, through the subsidiaries, provides automobile, homeowners, life, health and other insurance products to individuals and businesses. The Company, through its subsidiaries, is engaged in the property and casualty insurance and life and health insurance businesses. The Company operates in two segments: Property & Casualty Insurance, and Life & Health Insurance. Its Property & Casualty Insurance segment’s products include personal automobile insurance, both standard and non-standard risks, homeowners insurance, other personal insurance and commercial automobile insurance. Its Property & Casualty Insurance segment distributes its products through independent agents and brokers. Its Life & Health Insurance segment’s products include individual life, accident, health and property insurance. Its Kemper Home Service companies focus on providing individual life and supplemental accident and health insurance products.