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Schedule 2 - Parent Company Financial Statements | 12 Months Ended
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Dec. 31, 2017
Parent Company Financial Statements [Abstract] |
Parent Company Financial Statements | SCHEDULE II KEMPER CORPORATION PARENT COMPANY BALANCE SHEETS (Dollars in Millions)
|  | December 31,
|  | 2017 |  | 2016
ASSETS |  |  |  |
Investments in Subsidiaries |  | $ | 2,646.0 |  |  | $ | 2,575.5 |
Fixed Maturities at Fair Value (Amortized Cost: 2017 – $0.3; 2016 – $46.3) |  | 0.3 |  |  | 46.3 |
Equity Securities at Fair Value (Cost: 2017 – $6.1; 2016 – $5.2) |  | 6.7 |  |  | 5.3 |
Fair Value Option Investments |  | 77.5 |  |  | 111.4 |
Short-term Investments |  | 104.4 |  |  | 120.0 |
Cash |  | 8.4 |  |  | 15.7 |
Other Receivables |  | 3.8 |  |  | 3.4 |
Current Income Taxes |  | — |  |  | 2.4 |
Other Assets |  | 5.8 |  |  | 7.5 |
Total Assets |  | $ | 2,852.9 |  |  | $ | 2,887.5 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |
Senior Notes Payable, 6.00% due 2017 (Fair Value: 2016 – $365.3) |  | $ | — |  |  | $ | 359.8 |
Senior Notes Payable, 4.35% due 2025 (Fair Value: 2017 – $458.1; 2016 – $248.5) |  | 448.1 |  |  | 247.7 |
Subordinated Debentures due 2054 (Fair Value: 2017 – $156.5; 2016 – $157.1) |  | 144.2 |  |  | 144.1 |
Current Income Tax Liability |  | 14.0 |  |  | — |
Deferred Income Tax Liability |  | 16.9 |  |  | 34.0 |
Liabilities for Benefit Plans |  | 104.9 |  |  | 118.7 |
Accrued Expenses and Other Liabilities |  | 9.2 |  |  | 8.0 |
Total Liabilities |  | 737.3 |  |  | 912.3 |
Shareholders’ Equity: |  |  |  |
Common Stock |  | 5.1 |  |  | 5.1 |
Additional Paid-in Capital |  | 673.1 |  |  | 660.3 |
Retained Earnings |  | 1,243.0 |  |  | 1,172.8 |
Accumulated Other Comprehensive Income |  | 194.4 |  |  | 137.0 |
Total Shareholders’ Equity |  | 2,115.6 |  |  | 1,975.2 |
Total Liabilities and Shareholders’ Equity |  | $ | 2,852.9 |  |  | $ | 2,887.5 |
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,
|  | 2017 |  | 2016 |  | 2015
Net Investment Income |  | $ | 3.0 |  |  | $ | 2.0 |  |  | $ | 1.7 |
Net Realized Gains (Losses) on Sales of Investments |  | 0.6 |  |  | 0.1 |  |  | (0.1 | )
Net Impairment Losses Recognized in Earnings |  | — |  |  | — |  |  | (1.6 | )
Total Revenues |  | 3.6 |  |  | 2.1 |  |  | — |
Interest Expense |  | 36.6 |  |  | 45.2 |  |  | 47.3 |
Loss from Early Extinguishment of Debt |  | — |  |  | — |  |  | 9.1 |
Other Operating (Benefits) Expenses |  | (5.1 | ) |  | (6.1 | ) |  | 17.6 |
Total Operating Expenses |  | 31.5 |  |  | 39.1 |  |  | 74.0 |
Loss before Income Taxes and Equity in Net Income of Subsidiaries |  | (27.9 | ) |  | (37.0 | ) |  | (74.0 | )
Income Tax Benefit |  | 21.2 |  |  | 13.4 |  |  | 26.5 |
Loss before Equity in Net Income of Subsidiaries |  | (6.7 | ) |  | (23.6 | ) |  | (47.5 | )
Equity in Net Income of Subsidiaries |  | 127.6 |  |  | 40.4 |  |  | 133.2 |
Net Income |  | $ | 120.9 |  |  | $ | 16.8 |  |  | $ | 85.7 |
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,
|  | 2017 |  | 2016 |  | 2015
Net Income |  | $ | 120.9 |  |  | $ | 16.8 |  |  | $ | 85.7 |
Other Comprehensive Income (Loss): |  |  |  |  |  |
Unrealized Holding Gains (Losses) Arising During the Year: |  |  |  |  |  |
Securities Held by Subsidiaries |  | 119.5 |  |  | (2.6 | ) |  | (150.4 | )
Securities Held by Parent |  | (0.4 | ) |  | 0.2 |  |  | (1.5 | )
Reclassification Adjustment for Amounts Included in Net Income: |  |  |  |  |  |
Securities Held by Subsidiaries |  | (35.3 | ) |  | 0.2 |  |  | (26.9 | )
Securities Held by Parent |  | — |  |  | — |  |  | 1.5 |
Unrealized Holding Gains (Losses) |  | 83.8 |  |  | (2.2 | ) |  | (177.3 | )
Unrecognized Postretirement Benefit Costs Arising During the Year |  | 3.9 |  |  | 14.2 |  |  | 3.0 |
Reclassification Adjustments for Amounts Included in Net Income: |  |  |  |  |  |
Curtailment Cost Recognized |  | — |  |  | 1.0 |  |  | — |
Amortization of Unrecognized Postretirement Benefit Costs |  | (0.6 | ) |  | 5.3 |  |  | 23.1 |
Total Reclassification Adjustments for Amounts Included in Net Income |  | (0.6 | ) |  | 6.3 |  |  | 23.1 |
Net Unrecognized Postretirement Benefit Costs |  | 3.3 |  |  | 20.5 |  |  | 26.1 |
Foreign Currency Translation Adjustments on Investments Held by Subsidiaries |  | 1.7 |  |  | (0.3 | ) |  | (1.4 | )
Gain on Cash Flow Hedge |  | (6.7 | ) |  | 1.6 |  |  | — |
Other Comprehensive Income (Loss) before Income Taxes |  | 82.1 |  |  | 19.6 |  |  | (152.6 | )
Income Tax Benefit (Expense): |  |  |  |  |  |
Unrealized Holding Gains and Losses Arising During the Year: |  |  |  |  |  |
Securities Held by Subsidiaries |  | (38.3 | ) |  | 1.1 |  |  | 53.4 |
Securities Held by Parent |  | 0.1 |  |  | (0.1 | ) |  | 0.5 |
Reclassification Adjustment for Amounts Included in Net Income: |  |  |  |  |  |
Securities Held by Subsidiaries |  | 12.3 |  |  | (0.1 | ) |  | 9.4 |
Securities Held by Parent |  | — |  |  | — |  |  | (0.5 | )
Unrealized Holding Gains and Losses |  | (25.9 | ) |  | 0.9 |  |  | 62.8 |
Unrecognized Postretirement Benefit Costs Arising During the Year |  | (0.8 | ) |  | (5.0 | ) |  | (1.1 | )
Reclassification Adjustments for Amounts Included in Net Income: |  |  |  |  |  |
Curtailment Cost Recognized |  | — |  |  | (0.4 | ) |  | — |
Amortization of Unrecognized Postretirement Benefit Costs |  | 0.2 |  |  | (1.9 | ) |  | (8.0 | )
Total Reclassification Adjustments for Amounts Included in Net Income |  | 0.2 |  |  | (2.3 | ) |  | (8.0 | )
Net Unrecognized Postretirement Benefit Costs |  | (0.6 | ) |  | (7.3 | ) |  | (9.1 | )
Foreign Currency Translation Adjustments on Investments Held by Subsidiaries |  | (0.6 | ) |  | 0.1 |  |  | 0.5 |
Gain on Cash Flow Hedge |  | 2.4 |  |  | (0.6 | ) |  | — |
Income Tax Benefit (Expense) |  | (24.7 | ) |  | (6.9 | ) |  | 54.2 |
Other Comprehensive Income (Loss) |  | 57.4 |  |  | 12.7 |  |  | (98.4 | )
Total Comprehensive Income (Loss) |  | $ | 178.3 |  |  | $ | 29.5 |  |  | $ | (12.7 | )
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,
|  | 2017 |  | 2016 |  | 2015
Operating Activities: |  |  |  |  |  |
Net Income |  | $ | 120.9 |  |  | $ | 16.8 |  |  | $ | 85.7 |
Adjustment Required to Reconcile Net Income to Net Cash Provided by Operations: |  |  |  |  |  |
Equity in Net Income of Subsidiaries |  | (127.6 | ) |  | (40.4 | ) |  | (133.2 | )
Cash Dividends from Subsidiaries |  | 108.1 |  |  | 77.7 |  |  | 285.0 |
Cash Received for Benefit Plan from Subsidiary |  | — |  |  | 1.4 |  |  | — |
Cash Contribution to Defined Benefit Plan |  | — |  |  | (9.0 | ) |  | — |
Net Realized (Gains) Losses on Sales of Investments |  | (0.6 | ) |  | (0.1 | ) |  | 0.1 |
Net Impairment Losses Recognized in Earnings |  | — |  |  | — |  |  | 1.6 |
Loss from Early Extinguishment of Debt |  | — |  |  | — |  |  | 9.1 |
Other, Net |  | 0.7 |  |  | (9.3 | ) |  | 41.6 |
Net Cash Provided by Operating Activities |  | 101.5 |  |  | 37.1 |  |  | 289.9 |
Investing Activities: |  |  |  |  |  |
Capital Contributed to Subsidiary |  | — |  |  | (52.9 | ) |  | (105.0 | )
Sales, Paydowns and Maturities of Fixed Maturities |  | 45.7 |  |  | 73.5 |  |  | 11.8 |
Purchases of Fixed Maturities |  | — |  |  | (77.9 | ) |  | (14.8 | )
Sales of Equity Securities |  | — |  |  | 3.5 |  |  | 9.4 |
Sales of Fair Value Option Investments |  | 42.2 |  |  | 72.2 |  |  | — |
Purchases of Fair Value Option Investments |  | (7.0 | ) |  | (21.0 | ) |  | (111.0 | )
Acquisition of Business |  | — |  |  | — |  |  | (71.0 | )
Change in Short-term Investments |  | 15.6 |  |  | 14.8 |  |  | 90.3 |
Net Cash Provided (Used) by Investing Activities |  | 96.5 |  |  | 12.2 |  |  | (190.3 | )
Financing Activities: |  |  |  |  |  |
Net Proceeds from Issuance of Debt |  | 200.2 |  |  | — |  |  | 247.3 |
Repayments of Debt |  | (360.0 | ) |  | — |  |  | (258.8 | )
Cash Dividends Paid |  | (49.5 | ) |  | (49.2 | ) |  | (49.7 | )
Common Stock Repurchases |  | — |  |  | (3.8 | ) |  | (45.0 | )
Cash Exercise of Stock Options |  | 4.0 |  |  | 3.5 |  |  | 3.9 |
Excess Tax Benefits on Share Based Awards |  | — |  |  | — |  |  | 0.7 |
Net Cash Used by Financing Activities |  | (205.3 | ) |  | (49.5 | ) |  | (101.6 | )
Decrease in Cash |  | (7.3 | ) |  | (0.2 | ) |  | (2.0 | )
Cash, Beginning of Year |  | 15.7 |  |  | 15.9 |  |  | 17.9 |
Cash, End of Year |  | $ | 8.4 |  |  | $ | 15.7 |  |  | $ | 15.9 |
See Accompanying Report of Independent Registered Public Accounting Firm.

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- 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 FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: 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=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: 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 + Details
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