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Business Segments (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Revenue from External Customers by Products and Services

Earned Premiums by product line, including a reconciliation to Total Earned Premiums, for the three and six months ended June 30, 2024 and 2023 were:

						Three Months Ended												Six Months Ended
(Dollars in Millions)						Jun 30, 2024						Jun 30, 2023						Jun 30, 2024						Jun 30, 2023
Specialty Property & Casualty Insurance:
Personal Automobile						$	691.5					$	766.6					$	1,366.8					$	1,554.5
Commercial Automobile						171.1						165.7						335.8						322.0
Life Insurance:
Life						84.4						84.8						165.0						167.0
Accident and Health						5.6						5.8						11.2						11.7
Property						10.8						11.6						21.9						22.8
Total Segment Earned Premiums						963.4						1,034.5						$	1,900.7					$	2,078.0
Non-Core Operations						70.3						132.4						164.9						269.8
Total Earned Premiums						$	1,033.7					$	1,166.9					$	2,065.6					$	2,347.8

Reconciliation of Revenue from Segments to Consolidated

Segment Revenues, including a reconciliation to Total Revenues, for the three and six months ended June 30, 2024 and 2023 were:

						Three Months Ended												Six Months Ended
(Dollars in Millions)						Jun 30, 2024						Jun 30, 2023						Jun 30, 2024						Jun 30, 2023
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums						$	862.6					$	932.3					$	1,702.6					$	1,876.5
Net Investment Income						46.6						44.5						87.7						83.0
Change in Value of Alternative Energy Partnership Investments						0.3						0.4						0.6						0.8
Other Income						1.3						0.7						2.4						1.6
Total Specialty Property & Casualty Insurance						910.8						977.9						1,793.3						1,961.9
Life Insurance:
Earned Premiums						100.8						102.2						198.1						201.5
Net Investment Income						30.5						47.1						74.8						96.9
Change in Value of Alternative Energy Partnership Investments						0.1						0.2						0.2						0.4
Other Income (Loss)						0.1						0.1						0.3						(0.3)
Total Life Insurance						131.5						149.6						273.4						298.5
Total Segment Revenues						1,042.3						1,127.5						2,066.7						2,260.4
Change in Fair Value of Equity and Convertible Securities						(1.2)						2.4						2.2						4.1
Net Realized Investment Gains (Losses)						1.5						(14.4)						8.1						(8.0)
Net Impairment Losses Recognized in Earnings						(0.1)						(0.9)						(1.6)						1.2
Non-Core Operations						83.8						145.7						190.0						293.7
Other						3.6						2.5						7.5						6.2
Total Revenues						$	1,129.9					$	1,262.8					$	2,272.9					$	2,557.6

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Adjusted Consolidated Operating Income (Loss), including a reconciliation to Income (Loss) before Income Taxes attributable to Kemper Corporation, for the three and six months ended June 30, 2024 and 2023 was:

						Three Months Ended												Six Months Ended
(Dollars in Millions)						Jun 30, 2024						Jun 30, 2023						Jun 30, 2024						Jun 30, 2023
Segment Adjusted Operating Income (Loss):
Specialty Property & Casualty Insurance						$	127.9					$	(15.0)					$	214.4					$	(89.7)
Life Insurance						(1.4)						10.1						12.6						24.9
Total Segment Adjusted Operating Income (Loss)						126.5						(4.9)						227.0						(64.8)
Corporate and Other Adjusted Operating Loss						(13.7)						(15.3)						(29.3)						(28.2)
Less: Loss before Income Taxes attributable to Noncontrolling Interest						(1.3)						—						(2.7)						—
Adjusted Consolidated Operating Income (Loss)						114.1						(20.2)						200.4						(93.0)
Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities						(1.2)						2.4						2.2						4.1
Net Realized Investment Gains (Losses)						1.5						(14.4)						8.1						(8.0)
Impairment Losses						(0.1)						(0.9)						(1.6)						1.2
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs						(6.5)						(29.5)						(19.3)						(58.6)
Debt Extinguishment, Pension Settlement and Other Charges						2.7						—						2.7						—
Goodwill Impairment Charge						—						(49.6)						—						(49.6)
Non-Core Operations						(17.3)						(3.7)						(11.3)						(15.9)
Income (Loss) before Income Taxes attributable to Kemper Corporation						$	93.2					$	(115.9)					$	181.2					$	(219.8)

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

Adjusted Consolidated Net Operating Income (Loss), including a reconciliation to Net Income (Loss) attributable to Kemper Corporation, for the three and six months ended June 30, 2024 and 2023 was:

						Three Months Ended												Six Months Ended
(Dollars in Millions and Net of Income Taxes)						Jun 30, 2024						Jun 30, 2023						Jun 30, 2024						Jun 30, 2023
Segment Adjusted Net Operating Income (Loss):
Specialty Property & Casualty Insurance						$	102.3					$	(10.8)					$	171.5					$	(69.2)
Life Insurance						(0.2)						8.9						11.7						22.1
Total Segment Adjusted Net Operating Income (Loss)						102.1						(1.9)						183.2						(47.1)
Corporate and Other Adjusted Net Operating Loss						(11.4)						(12.3)						(23.9)						(22.8)
Less: Net Loss attributable to Noncontrolling Interest						(1.0)						—						(2.1)						—
Adjusted Consolidated Net Operating Income (Loss)						91.7						(14.2)						161.4						(69.9)
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities						(1.0)						1.9						1.7						3.2
Net Realized Investment Gains (Losses)						1.2						(12.5)						6.4						(7.4)
Impairment Losses						(0.1)						(0.8)						(1.3)						0.9
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs						(5.1)						(23.3)						(15.2)						(46.3)
Debt Extinguishment, Pension Settlement and Other Charges						2.1						—						2.1						—
Goodwill Impairment Charge						—						(45.5)						—						(45.5)
Non-Core Operations						(13.4)						(2.7)						(8.4)						(12.2)
Net Income (Loss) attributable to Kemper Corporation						$	75.4					$	(97.1)					$	146.7					$	(177.2)

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Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

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