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Discontinued Operations | 12 Months Ended
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Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | NOTE 19. DISCONTINUED OPERATIONS The Company accounts for Kemper’s subsidiary, FAF, and the Company’s former Unitrin Business Insurance operations as discontinued operations. Summary financial information included in Income from Discontinued Operations for the years ended December 31, 2013, 2012 and 2011 is presented below:
DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS |  | 2013 |  | 2012 |  | 2011
Interest, Loan Fees and Earned Discounts |  | $ | — |  |  | $ | — |  |  | $ | 31.8 |
Other Automobile Finance Revenues |  | — |  |  | — |  |  | 1.4 |
Gain on Sale of Loan Portfolios |  | — |  |  | 12.9 |  |  | 4.5 |
Total Automobile Finance Revenues |  | — |  |  | 12.9 |  |  | 37.7 |
Net Investment Income |  | — |  |  | — |  |  | 0.5 |
Net Realized Gains on Sales of Investments |  | — |  |  | — |  |  | 0.4 |
Total Revenues Included in Discontinued Operations |  | $ | — |  |  | $ | 12.9 |  |  | $ | 38.6 |
Income (Loss) from Discontinued Operations before Income Taxes: |  |  |  |  |  |
Results of Operations |  | $ | — |  |  | $ | (0.2 | ) |  | $ | 18.7 |
Gain on Sale of Loan Portfolios |  | — |  |  | 12.9 |  |  | 4.5 |
Change in Estimate of Retained Liabilities Arising from Discontinued Operations |  | 4.9 |  |  | 6.2 |  |  | (3.7 | )
Income from Discontinued Operations before Income Taxes |  | 4.9 |  |  | 18.9 |  |  | 19.5 |
Income Tax Expense |  | (1.7 | ) |  | (7.3 | ) |  | (6.7 | )
Income from Discontinued Operations |  | $ | 3.2 |  |  | $ | 11.6 |  |  | $ | 12.8 |
Income from Discontinued Operations Per Unrestricted Share: |  |  |  |  |  |
Basic |  | $ | 0.06 |  |  | $ | 0.20 |  |  | $ | 0.21 |
Diluted |  | $ | 0.06 |  |  | $ | 0.20 |  |  | $ | 0.21 |
NOTE 19. DISCONTINUED OPERATIONS (Continued) During 2011, FAF sold its active portfolio of automobile loan receivables at a gain of $4.5 million, net of transaction and other costs, while retaining its inactive portfolio of loans that had been previously charged-off (the “Inactive Portfolio”). The Inactive Portfolio was not carried on the Company’s Consolidated Balance Sheet. During 2012, FAF sold $283 million of loans in the Inactive Portfolio at a gain of $12.9 million, net of transaction, shutdown and other costs of $13.3 million, of which $1.0 million was unpaid at December 31, 2013. In 2008, the Company sold its Unitrin Business Insurance operations. The Company retained Property and Casualty Insurance Reserves for unpaid insured losses that occurred prior to the date of the sale. Property and Casualty Insurance Reserves reported in the Company’s Consolidated Balance Sheets include $82.0 million and $99.2 million at December 31, 2013 and 2012, respectively, for the retained liabilities. In accordance with GAAP, changes in the Company’s estimate of such retained liabilities after the sale are reported as a separate component of the results of discontinued operations. See Note 5, “Property and Casualty Insurance Reserves,” to the Consolidated Financial Statements.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 + Details
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