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Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Lease, Cost

The following table presents operating lease right-of-use assets and lease liabilities.

(Dollars in Millions)						2021						2020
Operating Lease Right-of-Use Assets						$	64.4					$	68.6
Operating Lease Liabilities						84.8						89.6

Lease expenses are primarily included in insurance expenses in the Consolidated Statements of Income. Additional information regarding the Company’s operating leases is presented below.

(Dollars in Millions)						2021						2020
Lease Cost:
Amortization of Right-of-Use Assets - Finance Leases						$	0.2					$	0.3
Operating Lease Cost						22.3						20.9
Variable Lease Cost						0.2						—
Short-Term Lease Cost (1)						5.0						4.6
Total Lease Expense						$	27.7					$	25.8
Less: Sub-Lease Income						0.3						—
Total Lease Cost						$	27.4					$	25.8

(1) - Leases with an initial term of twelve months or less are not recorded on the Consolidated Balance Sheet.

DOLLARS IN MILLIONS						2021						2020
Operating Lease Right-of-Use Assets						$	12.8					$	13.4
Operating Lease Liabilities						25.8						26.9

Supplemental cash flow information related to Kemper’s operating leases for the year-ended December 31, 2021 and December 31, 2020 respectively are presented follows.

DOLLARS IN MILLIONS						2021						2020
Operating Cash Flows from Operating Leases (Fixed Payments)						$	2.2					$	(2.1)
Operating Cash Flows from Operating Leases (Liability Reduction)						1.1						0.3
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities						—						—

Significant judgments and assumptions for determining lease asset and liability as December 31, 2021 and December 31, 2020 respectively are presented below.

DOLLARS IN MILLIONS						2021						2020
Weighted-average Remaining Lease Term - Operating Leases						11.9 years						13.0 years
Weighted-average Discount Rate - Operating Leases						4.0		%				4.0		%

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum operating lease payments at December 31, 2021 were:

DOLLARS IN MILLIONS						Operating Leases
2022						$	2.4
2023						2.4
2024						2.5
2025						2.6
2026						2.6
2027 and Thereafter						20.4
Total Future Payments						$	32.9
Less Discount						7.1
Present Value of Minimum Lease Payments						$	25.8

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918686-209980

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123408670&loc=SL77918701-209980

+ Details

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