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Business Segments | 9 Months Ended
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Sep. 30, 2013
Segment Reporting [Abstract] |
Business Segments | Note 10 - Business Segments The Company is engaged, through its subsidiaries, in the property and casualty insurance and life and health insurance businesses. The Company conducts its operations through four operating segments: Kemper Preferred, Kemper Specialty, Kemper Direct and Life and Health Insurance. The Kemper Preferred segment provides preferred and standard risk personal automobile insurance, homeowners insurance and other personal insurance through independent agents. The Kemper Specialty segment provides automobile insurance to individuals and businesses in the non-standard and specialty market through independent agents. The non-standard automobile insurance market consists of individuals and companies that have difficulty obtaining standard or preferred risk insurance, usually because of their adverse driving records or claim or credit histories. The Kemper Direct segment distributes personal automobile insurance and homeowners insurance products through employer-sponsored voluntary benefit programs and other affinity relationships. The Life and Health Insurance segment provides individual life, accident, health and property insurance. Note 10 - Business Segments (continued) Segment Revenues for the nine and three months ended September 30, 2013 and 2012 were:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2013 |  | Sep 30, 2012 |  | Sep 30, 2013 |  | Sep 30, 2012
Revenues: |  |  |  |  |  |  |  |
Kemper Preferred: |  |  |  |  |  |  |  |
Earned Premiums |  | $ | 661.2 |  |  | $ | 655.9 |  |  | $ | 220.5 |  |  | $ | 222.9 |
Net Investment Income |  | 41.4 |  |  | 33.6 |  |  | 13.2 |  |  | 10.8 |
Other Income |  | 0.2 |  |  | 0.3 |  |  | 0.1 |  |  | 0.1 |
Total Kemper Preferred |  | 702.8 |  |  | 689.8 |  |  | 233.8 |  |  | 233.8 |
Kemper Specialty: |  |  |  |  |  |  |  |
Earned Premiums |  | 297.9 |  |  | 317.3 |  |  | 98.1 |  |  | 103.9 |
Net Investment Income |  | 16.4 |  |  | 14.4 |  |  | 5.0 |  |  | 4.5 |
Other Income |  | 0.2 |  |  | 0.2 |  |  | — |  |  | 0.1 |
Total Kemper Specialty |  | 314.5 |  |  | 331.9 |  |  | 103.1 |  |  | 108.5 |
Kemper Direct: |  |  |  |  |  |  |  |
Earned Premiums |  | 95.6 |  |  | 131.2 |  |  | 30.1 |  |  | 40.3 |
Net Investment Income |  | 10.1 |  |  | 10.7 |  |  | 3.1 |  |  | 3.4 |
Total Kemper Direct |  | 105.7 |  |  | 141.9 |  |  | 33.2 |  |  | 43.7 |
Life and Health Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 475.5 |  |  | 481.9 |  |  | 158.8 |  |  | 160.2 |
Net Investment Income |  | 159.3 |  |  | 153.5 |  |  | 56.5 |  |  | 48.1 |
Other Income |  | 0.1 |  |  | 0.1 |  |  | — |  |  | — |
Total Life and Health Insurance |  | 634.9 |  |  | 635.5 |  |  | 215.3 |  |  | 208.3 |
Total Segment Revenues |  | 1,757.9 |  |  | 1,799.1 |  |  | 585.4 |  |  | 594.3 |
Net Realized Gains on Sales of Investments |  | 78.3 |  |  | 59.9 |  |  | 49.1 |  |  | 50.9 |
Net Impairment Losses Recognized in Earnings |  | (6.3 | ) |  | (4.1 | ) |  | (3.4 | ) |  | (3.2 | )
Other |  | 10.6 |  |  | 10.8 |  |  | 4.6 |  |  | 3.6 |
Total Revenues |  | $ | 1,840.5 |  |  | $ | 1,865.7 |  |  | $ | 635.7 |  |  | $ | 645.6 |
Segment Operating Profit for the nine and three months ended September 30, 2013 and 2012 was:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2013 |  | Sep 30, 2012 |  | Sep 30, 2013 |  | Sep 30, 2012
Segment Operating Profit (Loss): |  |  |  |  |  |  |  |
Kemper Preferred |  | $ | 55.0 |  |  | $ | 4.4 |  |  | $ | 14.9 |  |  | $ | 10.4 |
Kemper Specialty |  | 11.7 |  |  | 2.5 |  |  | 7.2 |  |  | 3.2 |
Kemper Direct |  | 31.3 |  |  | (6.9 | ) |  | 10.1 |  |  | 1.6 |
Life and Health Insurance |  | 98.3 |  |  | 102.7 |  |  | 35.2 |  |  | 29.4 |
Total Segment Operating Profit |  | 196.3 |  |  | 102.7 |  |  | 67.4 |  |  | 44.6 |
Corporate and Other Operating Loss |  | (35.3 | ) |  | (30.1 | ) |  | (11.1 | ) |  | (10.8 | )
Total Operating Profit |  | 161.0 |  |  | 72.6 |  |  | 56.3 |  |  | 33.8 |
Net Realized Gains on Sales of Investments |  | 78.3 |  |  | 59.9 |  |  | 49.1 |  |  | 50.9 |
Net Impairment Losses Recognized in Earnings |  | (6.3 | ) |  | (4.1 | ) |  | (3.4 | ) |  | (3.2 | )
Income from Continuing Operations before Income Taxes |  | $ | 233.0 |  |  | $ | 128.4 |  |  | $ | 102.0 |  |  | $ | 81.5 |
Note 10 - Business Segments (continued) Segment Net Operating Income for the nine and three months ended September 30, 2013 and 2012 was:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2013 |  | Sep 30, 2012 |  | Sep 30, 2013 |  | Sep 30, 2012
Segment Net Operating Income (Loss): |  |  |  |  |  |  |  |
Kemper Preferred |  | $ | 40.5 |  |  | $ | 8.5 |  |  | $ | 11.2 |  |  | $ | 8.4 |
Kemper Specialty |  | 9.5 |  |  | 4.0 |  |  | 5.3 |  |  | 2.7 |
Kemper Direct |  | 21.5 |  |  | (2.7 | ) |  | 6.9 |  |  | 1.5 |
Life and Health Insurance |  | 64.4 |  |  | 66.5 |  |  | 22.9 |  |  | 19.2 |
Total Segment Net Operating Income |  | 135.9 |  |  | 76.3 |  |  | 46.3 |  |  | 31.8 |
Corporate and Other Net Operating Loss |  | (23.0 | ) |  | (19.1 | ) |  | (7.4 | ) |  | (7.2 | )
Consolidated Net Operating Income |  | 112.9 |  |  | 57.2 |  |  | 38.9 |  |  | 24.6 |
Unallocated Net Income (Loss) From: |  |  |  |  |  |  |  |
Net Realized Gains on Sales of Investments |  | 50.9 |  |  | 38.9 |  |  | 31.9 |  |  | 33.0 |
Net Impairment Losses Recognized in Earnings |  | (4.1 | ) |  | (2.6 | ) |  | (2.2 | ) |  | (2.0 | )
Income from Continuing Operations |  | $ | 159.7 |  |  | $ | 93.5 |  |  | $ | 68.6 |  |  | $ | 55.6 |
Earned Premiums by product line for the nine and three months ended September 30, 2013 and 2012 were:
|  | Nine Months Ended |  | Three Months Ended
(Dollars in Millions) |  | Sep 30, 2013 |  | Sep 30, 2012 |  | Sep 30, 2013 |  | Sep 30, 2012
Life |  | $ | 294.9 |  |  | $ | 296.0 |  |  | $ | 98.4 |  |  | $ | 98.4 |
Accident and Health |  | 121.2 |  |  | 124.2 |  |  | 40.7 |  |  | 41.3 |
Property and Casualty: |  |  |  |  |  |  |  |
Personal Lines: |  |  |  |  |  |  |  |
Automobile |  | 729.4 |  |  | 794.6 |  |  | 239.1 |  |  | 261.3 |
Homeowners |  | 244.8 |  |  | 236.6 |  |  | 82.3 |  |  | 80.8 |
Other Personal |  | 101.2 |  |  | 103.2 |  |  | 33.5 |  |  | 34.5 |
Total Personal Lines |  | 1,075.4 |  |  | 1,134.4 |  |  | 354.9 |  |  | 376.6 |
Commercial Automobile |  | 38.7 |  |  | 31.7 |  |  | 13.5 |  |  | 11.0 |
Total Earned Premiums |  | $ | 1,530.2 |  |  | $ | 1,586.3 |  |  | $ | 507.5 |  |  | $ | 527.3 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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