XML 148 R34.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Schedule 2 - Parent Company Financial Statements | 12 Months Ended
--- | ---
Dec. 31, 2013
Parent Company Financial Statements [Abstract] |
Parent Company Financial Statements | SCHEDULE II KEMPER CORPORATION PARENT COMPANY BALANCE SHEETS (Dollars in Millions)
|  | December 31,
|  | 2013 |  | 2012
ASSETS |  |  |  |
Investments in Subsidiaries |  | $ | 2,614.0 |  |  | $ | 2,744.0 |
Equity Securities at Fair Value (Cost: 2013 – $4.7; 2012 – $4.9) |  | 5.0 |  |  | 4.5 |
Short-term Investments |  | 130.8 |  |  | 183.5 |
Cash |  | 20.8 |  |  | 2.2 |
Other Receivables |  | 4.9 |  |  | 7.2 |
Deferred Income Taxes |  | 35.0 |  |  | 75.4 |
Other Assets |  | 7.3 |  |  | 6.3 |
Total Assets |  | $ | 2,817.8 |  |  | $ | 3,023.1 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |
Senior Notes Payable, 6.00% due 2017 (Fair Value: 2013 – $395.5; 2012 – $393.7) |  | $ | 357.9 |  |  | $ | 357.3 |
Senior Notes Payable, 6.00% due 2015 (Fair Value: 2013 – $271.6; 2012 – $276.3) |  | 249.0 |  |  | 248.6 |
Liabilities for Income Taxes |  | 90.5 |  |  | 77.6 |
Liabilities for Benefit Plans |  | 63.9 |  |  | 172.8 |
Accrued Expenses and Other Liabilities |  | 5.0 |  |  | 5.1 |
Total Liabilities |  | 766.3 |  |  | 861.4 |
Shareholders’ Equity: |  |  |  |
Common Stock |  | 5.6 |  |  | 5.8 |
Additional Paid-in Capital |  | 694.8 |  |  | 725.0 |
Retained Earnings |  | 1,215.8 |  |  | 1,118.2 |
Accumulated Other Comprehensive Income |  | 135.3 |  |  | 312.7 |
Total Shareholders’ Equity |  | 2,051.5 |  |  | 2,161.7 |
Total Liabilities and Shareholders’ Equity |  | $ | 2,817.8 |  |  | $ | 3,023.1 |
See Accompanying Report of Independent Registered Public Accounting Firm. KEMPER CORPORATION PARENT COMPANY STATEMENTS OF INCOME (Dollars in Millions)
|  | For The Years Ended December 31,
|  | 2013 |  | 2012 |  | 2011
Net Investment Income |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.4 |
Net Realized Gains (Losses) on Sales of Investments |  | 0.6 |  |  | 0.3 |  |  | (0.2 | )
Total Revenues |  | 0.8 |  |  | 0.5 |  |  | 0.2 |
Interest Expense |  | 39.0 |  |  | 39.5 |  |  | 39.4 |
Other Operating Expenses |  | 21.6 |  |  | 13.6 |  |  | 10.3 |
Total Operating Expenses |  | 60.6 |  |  | 53.1 |  |  | 49.7 |
Loss before Income Taxes and Equity in Net Income of Subsidiaries |  | (59.8 | ) |  | (52.6 | ) |  | (49.5 | )
Income Tax Benefit |  | 20.8 |  |  | 18.2 |  |  | 18.6 |
Loss before Equity in Net Income of Subsidiaries |  | (39.0 | ) |  | (34.4 | ) |  | (30.9 | )
Equity in Net Income of Subsidiaries |  | 256.7 |  |  | 137.8 |  |  | 105.4 |
Net Income |  | $ | 217.7 |  |  | $ | 103.4 |  |  | $ | 74.5 |
See Accompanying Report of Independent Registered Public Accounting Firm. KEMPER CORPORATION PARENT COMPANY STATEMENTS OF COMPREHENSIVE INCOME (Dollars in Millions)
|  | For The Years Ended December 31,
|  | 2013 |  | 2012 |  | 2011
Net Income |  | $ | 217.7 |  |  | $ | 103.4 |  |  | $ | 74.5 |
Other Comprehensive Income (Loss): |  |  |  |  |  |
Unrealized Holding Gains (Losses) Arising During the Year: |  |  |  |  |  |
Securities Held by Subsidiaries |  | (324.9 | ) |  | 157.9 |  |  | 231.5 |
Securities Held by Parent |  | — |  |  | — |  |  | 0.6 |
Reclassification Adjustment for Amounts Included in Net Income: |  |  |  |  |  |
Securities Held by Subsidiaries |  | (37.9 | ) |  | (61.2 | ) |  | (30.2 | )
Securities Held by Parent |  | — |  |  | — |  |  | (0.7 | )
Unrealized Holding Gains (Losses) |  | (362.8 | ) |  | 96.7 |  |  | 201.2 |
Unrecognized Postretirement Benefit Costs Arising During the Year |  | 61.6 |  |  | (29.4 | ) |  | (53.9 | )
Amortization of Unrecognized Postretirement Benefit Costs |  | 25.0 |  |  | 16.2 |  |  | 8.7 |
Net Unrecognized Postretirement Benefit Costs |  | 86.6 |  |  | (13.2 | ) |  | (45.2 | )
Foreign Currency Translation Adjustments |  | 0.2 |  |  | 1.6 |  |  | 0.4 |
Reclassification Adjustment for Amounts Included in Net Income |  | — |  |  | — |  |  | — |
Foreign Currency Translation Adjustments |  | 0.2 |  |  | 1.6 |  |  | 0.4 |
Other Comprehensive Income (Loss) before Income Taxes |  | (276.0 | ) |  | 85.1 |  |  | 156.4 |
Income Tax Benefit (Expense): |  |  |  |  |  |
Unrealized Holding Gains and Losses Arising During the Year: |  |  |  |  |  |
Securities Held by Subsidiaries |  | 115.9 |  |  | (55.9 | ) |  | (82.3 | )
Securities Held by Parent |  | — |  |  | — |  |  | (0.2 | )
Reclassification Adjustment for Amounts Included in Net Income: |  |  |  |  |  |
Securities Held by Subsidiaries |  | 13.2 |  |  | 21.5 |  |  | 10.7 |
Securities Held by Parent |  | — |  |  | — |  |  | 0.2 |
Unrealized Holding Gains and Losses |  | 129.1 |  |  | (34.4 | ) |  | (71.6 | )
Unrecognized Postretirement Benefit Costs Arising During the Year |  | (21.6 | ) |  | 10.3 |  |  | 19.0 |
Amortization of Unrecognized Postretirement Benefit Costs |  | (8.8 | ) |  | (5.7 | ) |  | (3.1 | )
Net Unrecognized Postretirement Benefit Costs |  | (30.4 | ) |  | 4.6 |  |  | 15.9 |
Foreign Currency Translation Adjustments |  | (0.1 | ) |  | (0.6 | ) |  | (0.1 | )
Reclassification Adjustment for Amounts Included in Net Income |  | — |  |  | — |  |  | — |
Foreign Currency Translation Adjustments |  | (0.1 | ) |  | (0.6 | ) |  | (0.1 | )
Income Tax Benefit (Expense) |  | 98.6 |  |  | (30.4 | ) |  | (55.8 | )
Other Comprehensive Income (Loss) |  | (177.4 | ) |  | 54.7 |  |  | 100.6 |
Total Comprehensive Income |  | $ | 40.3 |  |  | $ | 158.1 |  |  | $ | 175.1 |
See Accompanying Report of Independent Registered Public Accounting Firm. KEMPER CORPORATION PARENT COMPANY STATEMENTS OF CASH FLOWS (Dollars in Millions)
|  | For The Years Ended December 31,
|  | 2013 |  | 2012 |  | 2011
Operating Activities: |  |  |  |  |  |
Net Income |  | $ | 217.7 |  |  | $ | 103.4 |  |  | $ | 74.5 |
Adjustment Required to Reconcile Net Income to Net Cash Provided by Operations: |  |  |  |  |  |
Equity in Net Income of Subsidiaries |  | (256.7 | ) |  | (137.8 | ) |  | (105.4 | )
Cash Dividends from Subsidiaries |  | 95.0 |  |  | 95.0 |  |  | 70.8 |
Cash Contribution to Defined Benefit Plan |  | (55.0 | ) |  | — |  |  | (32.2 | )
Net Realized (Gains) Losses on Sales of Investments |  | (0.6 | ) |  | (0.3 | ) |  | 0.2 |
Other, Net |  | 67.3 |  |  | 8.5 |  |  | 35.5 |
Net Cash Provided by Operating Activities |  | 67.7 |  |  | 68.8 |  |  | 43.4 |
Investing Activities: |  |  |  |  |  |
Capital Distribution from Subsidiary |  | 50.5 |  |  | 20.0 |  |  | 250.0 |
Sales, Paydowns and Maturities of Fixed Maturities |  | — |  |  | 13.1 |  |  | — |
Purchases of Common Stocks from Subsidiary |  | — |  |  | — |  |  | (50.8 | )
Change in Short-term Investments |  | 52.7 |  |  | (106.3 | ) |  | (35.4 | )
Net Cash Provided (Used) by Investing Activities |  | 103.2 |  |  | (73.2 | ) |  | 163.8 |
Financing Activities: |  |  |  |  |  |
Notes Payable Proceeds: |  |  |  |  |  |
Revolving Credit Agreement |  | — |  |  | — |  |  | 95.0 |
Notes Payable Payments: |  |  |  |  |  |
Revolving Credit Agreement |  | — |  |  | — |  |  | (95.0 | )
Cash Dividends Paid |  | (54.9 | ) |  | (56.9 | ) |  | (58.2 | )
Common Stock Repurchases |  | (100.4 | ) |  | (60.7 | ) |  | (27.4 | )
Cash Exercise of Stock Options |  | 1.7 |  |  | 1.3 |  |  | 0.2 |
Excess Tax Benefits on Share Based Awards |  | 1.3 |  |  | 0.5 |  |  | 0.2 |
Net Cash Used by Financing Activities |  | (152.3 | ) |  | (115.8 | ) |  | (85.2 | )
Increase (Decrease) in Cash |  | 18.6 |  |  | (120.2 | ) |  | 122.0 |
Cash, Beginning of Year |  | 2.2 |  |  | 122.4 |  |  | 0.4 |
Cash, End of Year |  | $ | 20.8 |  |  | $ | 2.2 |  |  | $ | 122.4 |
See Accompanying Report of Independent Registered Public Accounting Firm.

X
- Details
Name: | kmpr_ParentCompanyFinancialStatementsAbstract
Namespace Prefix: | kmpr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration