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Notes Payable | 6 Months Ended
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Jun. 30, 2013
Debt Disclosure [Abstract] |
Notes Payable | Note 4 - Notes Payable Total debt outstanding at June 30, 2013 and December 31, 2012 was:
(Dollars in Millions) |  | Jun 30, 2013 |  | Dec 31, 2012
Senior Notes at Amortized Cost: |  |  |  |
6.00% Senior Notes due May 15, 2017 |  | $ | 357.6 |  |  | $ | 357.3 |
6.00% Senior Notes due November 30, 2015 |  | 248.8 |  |  | 248.6 |
Mortgage Note Payable at Amortized Cost |  | 5.5 |  |  | 5.5 |
Notes Payable at Amortized Cost |  | $ | 611.9 |  |  | $ | 611.4 |
Kemper has a four-year, $325.0 million, unsecured, revolving credit agreement, expiring March 7, 2016 (the “2016 Credit Agreement”), with a group of financial institutions. The 2016 Credit Agreement provides for fixed and floating rate advances for periods up to six months at various interest rates. The 2016 Credit Agreement contains various financial covenants, including limits on total debt to total capitalization, consolidated net worth and minimum risk-based capital ratios for Kemper’s largest insurance subsidiaries, United Insurance Company of America (“United”) and Trinity Universal Insurance Company (“Trinity”). Proceeds from advances under the 2016 Credit Agreement may be used for general corporate purposes, including repayment of existing indebtedness. There were no outstanding borrowings under the 2016 Credit Agreement at either June 30, 2013 or December 31, 2012, and accordingly, $325.0 million was available for future borrowings at such dates. Interest Expense, including facility fees, accretion of discount and write-off of unamortized issuance costs from the former credit agreement, for the six and three months ended June 30, 2013 and 2012 was:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2013 |  | Jun 30, 2012 |  | Jun 30, 2013 |  | Jun 30, 2012
Notes Payable under Revolving Credit Agreements |  | $ | 0.6 |  |  | $ | 1.3 |  |  | $ | 0.3 |  |  | $ | 0.3 |
Senior Notes Payable: |  |  |  |  |  |  |  |
6.00% Senior Notes due May 15, 2017 |  | 11.1 |  |  | 11.1 |  |  | 5.6 |  |  | 5.6 |
6.00% Senior Notes due November 30, 2015 |  | 7.7 |  |  | 7.7 |  |  | 3.8 |  |  | 3.8 |
Mortgage Note Payable |  | 0.2 |  |  | 0.2 |  |  | 0.1 |  |  | 0.1 |
Interest Expense before Capitalization of Interest |  | 19.6 |  |  | 20.3 |  |  | 9.8 |  |  | 9.8 |
Capitalization of Interest |  | (0.5 | ) |  | (1.4 | ) |  | (0.2 | ) |  | (0.6 | )
Total Interest Expense |  | $ | 19.1 |  |  | $ | 18.9 |  |  | $ | 9.6 |  |  | $ | 9.2 |
Note 4 - Notes Payable (continued) Interest paid, including facility fees and credit agreement issuance costs, for the six and three months ended June 30, 2013 and 2012 was:
|  | Six Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Jun 30, 2013 |  | Jun 30, 2012 |  | Jun 30, 2013 |  | Jun 30, 2012
Notes Payable under Revolving Credit Agreements |  | $ | 0.2 |  |  | $ | 1.7 |  |  | $ | 0.2 |  |  | $ | — |
Senior Notes Payable: |  |  |  |  |  |  |  |
6.00% Senior Notes due May 15, 2017 |  | 10.8 |  |  | 10.8 |  |  | 10.8 |  |  | 10.8 |
6.00% Senior Notes due November 30, 2015 |  | 7.5 |  |  | 7.5 |  |  | 7.5 |  |  | 7.5 |
Mortgage Note Payable |  | 0.2 |  |  | 0.2 |  |  | 0.1 |  |  | 0.1 |
Total Interest Paid |  | $ | 18.7 |  |  | $ | 20.2 |  |  | $ | 18.6 |  |  | $ | 18.4 |

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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