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Business Segments | 12 Months Ended
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Dec. 31, 2013
Segment Reporting [Abstract] |
Business Segments | NOTE 18. 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 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 currently distributes personal automobile, homeowners and renters insurance products through employer-sponsored voluntary benefit programs and other affinity relationships. Prior to ceasing direct-to-consumer marketing activities in the third quarter of 2012, Kemper Direct also distributed its products directly to consumers through a variety of direct-to-consumer websites, including its own websites. The Life and Health Insurance segment provides individual life, accident, health and property insurance. The Company’s earned premiums are derived in the United States. The accounting policies of the segments are the same as those described in Note 2, “Summary of Accounting Policies and Accounting Changes,” to the Consolidated Financial Statements. Capital expenditures for long-lived assets by operating segment are immaterial. It is the Company’s management practice to allocate certain corporate expenses, primarily compensation costs for corporate employees and related facility costs, included in Interest and Other Expenses in the Consolidated Statements of Income to its insurance operations. The amount of such allocated corporate expenses was $39.7 million, $31.7 million and $33.0 million for the years ended December 31, 2013, 2012 and 2011, respectively. The Company does not allocate Net Realized Gains on Sales of Investments, Net Impairment Losses Recognized in Earnings, interest expense on debt or postretirement benefit plans, and actuarial gains and losses on its postretirement benefit plans to its operating segments. Segment Assets at December 31, 2013 and 2012 were:
DOLLARS IN MILLIONS |  | 2013 |  | 2012
SEGMENT ASSETS |  |  |  |
Kemper Preferred |  | $ | 1,600.9 |  |  | $ | 1,562.0 |
Kemper Specialty |  | 655.4 |  |  | 684.6 |
Kemper Direct |  | 392.3 |  |  | 453.3 |
Life and Health Insurance |  | 4,545.6 |  |  | 4,781.8 |
Corporate and Other, Net |  | 462.2 |  |  | 527.4 |
Total Assets |  | $ | 7,656.4 |  |  | $ | 8,009.1 |
NOTE 18. BUSINESS SEGMENTS (Continued) Segment Revenues for the years ended December 31, 2013, 2012 and 2011 were:
DOLLARS IN MILLIONS |  | 2013 |  | 2012 |  | 2011
REVENUES |  |  |  |  |  |
Kemper Preferred: |  |  |  |  |  |
Earned Premiums |  | $ | 876.7 |  |  | $ | 879.4 |  |  | $ | 859.8 |
Net Investment Income |  | 55.7 |  |  | 45.0 |  |  | 48.8 |
Other Income |  | 0.2 |  |  | 0.4 |  |  | 0.3 |
Total Kemper Preferred |  | 932.6 |  |  | 924.8 |  |  | 908.9 |
Kemper Specialty: |  |  |  |  |  |
Earned Premiums |  | 392.8 |  |  | 419.8 |  |  | 445.2 |
Net Investment Income |  | 21.8 |  |  | 19.0 |  |  | 22.8 |
Other Income |  | 0.3 |  |  | 0.3 |  |  | 0.5 |
Total Kemper Specialty |  | 414.9 |  |  | 439.1 |  |  | 468.5 |
Kemper Direct: |  |  |  |  |  |
Earned Premiums |  | 123.4 |  |  | 168.0 |  |  | 222.7 |
Net Investment Income |  | 13.4 |  |  | 13.9 |  |  | 17.4 |
Other Income |  | — |  |  | — |  |  | 0.1 |
Total Kemper Direct |  | 136.8 |  |  | 181.9 |  |  | 240.2 |
Life and Health Insurance: |  |  |  |  |  |
Earned Premiums |  | 632.9 |  |  | 639.9 |  |  | 645.9 |
Net Investment Income |  | 209.9 |  |  | 204.3 |  |  | 200.5 |
Other Income |  | 0.2 |  |  | 0.1 |  |  | 0.1 |
Total Life and Health Insurance |  | 843.0 |  |  | 844.3 |  |  | 846.5 |
Total Segment Revenues |  | 2,327.3 |  |  | 2,390.1 |  |  | 2,464.1 |
Net Realized Gains on the Sales of Investments |  | 99.1 |  |  | 65.4 |  |  | 33.7 |
Net Impairment Losses Recognized in Earnings |  | (13.9 | ) |  | (6.9 | ) |  | (11.3 | )
Other |  | 14.0 |  |  | 13.7 |  |  | 8.5 |
Total Revenues |  | $ | 2,426.5 |  |  | $ | 2,462.3 |  |  | $ | 2,495.0 |
NOTE 18. BUSINESS SEGMENTS (Continued) Segment Operating Profit for the years ended December 31, 2013, 2012 and 2011 was:
DOLLARS IN MILLIONS |  | 2013 |  | 2012 |  | 2011
SEGMENT OPERATING PROFIT (LOSS) |  |  |  |  |  |
Kemper Preferred |  | $ | 87.7 |  |  | $ | (28.0 | ) |  | $ | (40.6 | )
Kemper Specialty |  | 12.3 |  |  | (2.8 | ) |  | 24.2 |
Kemper Direct |  | 39.6 |  |  | (4.8 | ) |  | (47.2 | )
Life and Health Insurance |  | 136.9 |  |  | 140.4 |  |  | 152.3 |
Total Segment Operating Profit |  | 276.5 |  |  | 104.8 |  |  | 88.7 |
Corporate and Other Operating Loss |  | (47.3 | ) |  | (40.9 | ) |  | (42.8 | )
Total Operating Profit |  | 229.2 |  |  | 63.9 |  |  | 45.9 |
Net Realized Gains on Sales of Investments |  | 99.1 |  |  | 65.4 |  |  | 33.7 |
Net Impairment Losses Recognized in Earnings |  | (13.9 | ) |  | (6.9 | ) |  | (11.3 | )
Income from Continuing Operations before Income Taxes |  | $ | 314.4 |  |  | $ | 122.4 |  |  | $ | 68.3 |
Segment Net Operating Income for the years ended December 31, 2013, 2012 and 2011 was:
DOLLARS IN MILLIONS |  | 2013 |  | 2012 |  | 2011
SEGMENT NET OPERATING INCOME (LOSS) |  |  |  |  |  |
Kemper Preferred |  | $ | 63.1 |  |  | $ | (11.2 | ) |  | $ | (17.6 | )
Kemper Specialty |  | 10.4 |  |  | 1.2 |  |  | 19.8 |
Kemper Direct |  | 27.1 |  |  | (0.9 | ) |  | (27.5 | )
Life and Health Insurance |  | 89.3 |  |  | 90.8 |  |  | 98.9 |
Total Segment Net Operating Income |  | 189.9 |  |  | 79.9 |  |  | 73.6 |
Unallocated Net Operating Loss |  | (30.7 | ) |  | (26.1 | ) |  | (26.5 | )
Consolidated Net Operating Income |  | 159.2 |  |  | 53.8 |  |  | 47.1 |
Net Income (Loss) From: |  |  |  |  |  |
Net Realized Gains on Sales of Investments |  | 64.4 |  |  | 42.5 |  |  | 21.9 |
Net Impairment Losses Recognized in Earnings |  | (9.1 | ) |  | (4.5 | ) |  | (7.3 | )
Income from Continuing Operations |  | $ | 214.5 |  |  | $ | 91.8 |  |  | $ | 61.7 |
Amortization of Deferred Policy Acquisition Costs by Operating Segment for the years ended December 31, 2013, 2012 and 2011 was:
DOLLARS IN MILLIONS |  | 2013 |  | 2012 |  | 2011
Kemper Preferred |  | $ | 148.3 |  |  | $ | 147.8 |  |  | $ | 144.4 |
Kemper Specialty |  | 54.3 |  |  | 58.7 |  |  | 62.6 |
Kemper Direct |  | 4.6 |  |  | 6.1 |  |  | 8.8 |
Life and Health Insurance |  | 46.7 |  |  | 44.4 |  |  | 44.9 |
Total Amortization |  | $ | 253.9 |  |  | $ | 257.0 |  |  | $ | 260.7 |
NOTE 18. BUSINESS SEGMENTS (Continued) Earned Premiums by product line for the years ended December 31, 2013, 2012 and 2011 were:
DOLLARS IN MILLIONS |  | 2013 |  | 2012 |  | 2011
EARNED PREMIUMS |  |  |  |  |  |
Life |  | $ | 392.7 |  |  | $ | 393.4 |  |  | $ | 395.1 |
Accident and Health |  | 161.4 |  |  | 165.2 |  |  | 166.3 |
Property and Casualty: |  |  |  |  |  |
Personal Lines: |  |  |  |  |  |
Automobile |  | 959.1 |  |  | 1,050.1 |  |  | 1,129.4 |
Homeowners |  | 326.2 |  |  | 318.0 |  |  | 304.1 |
Other Personal |  | 134.1 |  |  | 136.9 |  |  | 138.7 |
Total Personal Lines |  | 1,419.4 |  |  | 1,505.0 |  |  | 1,572.2 |
Commercial Automobile |  | 52.3 |  |  | 43.5 |  |  | 40.0 |
Total Earned Premiums |  | $ | 2,025.8 |  |  | $ | 2,107.1 |  |  | $ | 2,173.6 |

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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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