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Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Segment Assets | Total Segment, Non-Core Operations, and Corporate and Other assets at December 31, 2024, 2023, and 2022 were:
DOLLARS IN MILLIONS |  | 2024 |  | 2023 |  | 2022
Segment Assets: |  |  |  |  |  |
Specialty Property & Casualty Insurance 1 |  | $ | 6,352.9 |  |  | $ | 6,145.9 |  |  | $ | 6,535.3 |
Life Insurance |  | 4,731.7 |  |  | 4,898.1 |  |  | 5,008.0 |
Total Segment Assets |  | 11,084.6 |  |  | 11,044.0 |  |  | 11,543.3 |
Corporate and Other |  | 774.7 |  |  | 623.7 |  |  | 545.4 |
Non-Core Operations |  | 771.1 |  |  | 1,075.0 |  |  | 1,224.9 |
Total Assets 1 |  | $ | 12,630.4 |  |  | $ | 12,742.7 |  |  | $ | 13,313.6 |
1 Includes $41.5 million and $4.6 million attributable to Kemper Reciprocal as of December 31, 2024 and 2023, respectively, which is reported as a consolidated variable interest entity.
Earned Premiums by Product Line | Earned Premiums by product line for the years ended December 31, 2024, 2023 and 2022 were:
DOLLARS IN MILLIONS |  | 2024 |  | 2023 |  | 2022
Specialty Property & Casualty Insurance: |  |  |  |  |  |
Personal Automobile |  | $ | 2,851.4 |  |  | $ | 2,977.8 |  |  | $ | 3,496.7 |
Commercial Automobile |  | 725.0 |  |  | 654.7 |  |  | 549.7 |
Total Specialty Property & Casualty Insurance |  | 3,576.4 |  |  | 3,632.5 |  |  | 4,046.4 |
Life Insurance: |  |  |  |  |  |
Life |  | 328.1 |  |  | 319.2 |  |  | 352.8 |
Accident and Health |  | 22.3 |  |  | 23.1 |  |  | 168.2 |
Property |  | 43.5 |  |  | 45.3 |  |  | 50.5 |
Total Life Insurance |  | 393.9 |  |  | 387.6 |  |  | 571.5 |
Total Segment Earned Premiums |  | 3,970.3 |  |  | 4,020.1 |  |  | 4,617.9 |
Non-Core Operations |  | 245.6 |  |  | 509.3 |  |  | 595.5 |
Total Earned Premiums |  | $ | 4,215.9 |  |  | $ | 4,529.4 |  |  | $ | 5,213.4 |
Segment Revenues | Segment Revenues, including a reconciliation to Total Revenues, for the years ended December 31, 2024, 2023 and 2022 were:
DOLLARS IN MILLIONS |  | 2024 |  | 2023 |  | 2022
Segment Revenues: |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |
Earned Premiums |  | $ | 3,576.4 |  |  | $ | 3,632.5 |  |  | $ | 4,046.4 |
Net Investment Income |  | 189.6 |  |  | 168.3 |  |  | 140.7 |
Change in Value of Alternative Energy Partnership Investments |  | 1.4 |  |  | 1.6 |  |  | (9.9) |
Other Income |  | 4.7 |  |  | 4.5 |  |  | 6.0 |
Total Specialty Property & Casualty Insurance |  | 3,772.1 |  |  | 3,806.9 |  |  | 4,183.2 |
Life Insurance: |  |  |  |  |  |
Earned Premiums |  | 393.9 |  |  | 387.6 |  |  | 571.5 |
Net Investment Income |  | 170.6 |  |  | 193.4 |  |  | 216.5 |
Change in Value of Alternative Energy Partnership Investments |  | 0.6 |  |  | 0.7 |  |  | (5.3) |
Other Income |  | 0.5 |  |  | (0.2) |  |  | (0.6) |
Total Life Insurance |  | 565.6 |  |  | 581.5 |  |  | 782.1 |
Total Segment Revenues |  | 4,337.7 |  |  | 4,388.4 |  |  | 4,965.3 |
Change in Fair Value of Equity and Convertible Securities |  | (2.7) |  |  | 4.7 |  |  | (79.9) |
Net Realized Investment Gains (Losses) |  | 13.2 |  |  | (18.6) |  |  | 4.3 |
Net Impairment Losses Recognized in Earnings |  | (5.8) |  |  | (1.1) |  |  | (25.8) |
Non-Core Operations |  | 282.4 |  |  | 558.4 |  |  | 640.5 |
Other |  | 13.8 |  |  | 12.4 |  |  | 19.5 |
Total Revenues |  | $ | 4,638.6 |  |  | $ | 4,944.2 |  |  | $ | 5,523.9 |
Segment Expenses | Significant Segment Expenses that were regularly provided to the CODM for the years ended December 31, 2024, 2023 and 2022 were:
DOLLARS IN MILLIONS |  | 2024 |  | 2023 |  | 2022
Segment Expenses: |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |
Current Year |  |  |  |  |  |
Non-catastrophe Losses and LAE |  | $ | 2,514.8 |  |  | $ | 2,974.5 |  |  | $ | 3,569.2 |
Catastrophe Losses and LAE |  | 19.9 |  |  | 34.5 |  |  | 23.0 |
Prior Years |  |  |  |  |  |
Non-catastrophe Losses and LAE |  | 6.3 |  |  | 135.2 |  |  | (14.6) |
Catastrophe Losses and LAE |  | 0.7 |  |  | (2.3) |  |  | 0.6 |
Total Incurred Losses and LAE |  | 2,541.7 |  |  | 3,141.9 |  |  | 3,578.2 |
Policy Acquisition Costs 1 |  | 478.7 |  |  | 496.4 |  |  | 577.8 |
Business Unit Operating Costs 2 |  | 145.0 |  |  | 107.8 |  |  | 81.2 |
Corporate Overhead Costs 3 |  | 135.8 |  |  | 137.1 |  |  | 142.9 |
Total Insurance Expenses |  | 759.5 |  |  | 741.3 |  |  | 801.9 |
Income Tax Expense (Benefit) |  | 94.6 |  |  | (19.2) |  |  | (49.5) |
Total Specialty Property & Casualty Insurance |  | 3,395.8 |  |  | 3,864.0 |  |  | 4,330.6 |
Life Insurance: |  |  |  |  |  |
Policyholders’ Benefits and Incurred Losses and LAE |  | 234.5 |  |  | 243.4 |  |  | 360.8 |
Policy Acquisition Costs 1 |  | 133.9 |  |  | 140.0 |  |  | 165.1 |
Business Unit Operating Costs 2 |  | 96.9 |  |  | 96.7 |  |  | 137.2 |
Corporate Overhead Costs 3 |  | 41.3 |  |  | 39.1 |  |  | 41.0 |
Total Insurance Expenses |  | 272.1 |  |  | 275.8 |  |  | 343.3 |
Income Tax Expense |  | 8.8 |  |  | 10.5 |  |  | 9.2 |
Total Life Insurance |  | 515.4 |  |  | 529.7 |  |  | 713.3 |
Total Segment Expenses |  | $ | 3,911.2 |  |  | $ | 4,393.7 |  |  | $ | 5,043.9 |
1 Policy acquisition costs primarily represents commissions and premium taxes that are incurred by the Company as a result of underwriting insurance policies and reflect the impacts of deferral and amortization of certain of these costs in accordance with the Company’s accounting policies. Refer to Footnote 2, “Summary of Accounting Policies and Accounting Changes” for discussion of the Company’s accounting policy related to Deferred Policy Acquisition Costs.
2 Business unit operating costs are general expenses incurred by the Company's segments as part of ongoing operations and includes employee, IT, and facilities expenses.
3 Corporate overhead costs represents general expenses and other shared service expenses which are allocated across the Company.
Segment Net Income (Loss) | Adjusted Consolidated Net Operating Income (Loss), including a reconciliation to Net Income (Loss) attributable to Kemper Corporation, for the years ended December 31, 2024, 2023 and 2022 was:
DOLLARS IN MILLIONS |  | 2024 |  | 2023 |  | 2022
Segment Adjusted Net Operating Income (Loss): |  |  |  |  |  |
Specialty Property & Casualty Insurance |  |  |  |  |  |
Revenues |  | $ | 3,772.1 |  |  | $ | 3,806.9 |  |  | $ | 4,183.2 |
Expenses |  | (3,395.8) |  |  | (3,864.0) |  |  | (4,330.6) |
Specialty Property & Casualty Insurance Adjusted Net Operating Income (Loss) |  | 376.3 |  |  | (57.1) |  |  | (147.4) |
Life Insurance |  |  |  |  |  |
Revenues |  | 565.6 |  |  | 581.5 |  |  | 782.1 |
Expenses |  | (515.4) |  |  | (529.7) |  |  | (713.3) |
Life Insurance Adjusted Net Operating Income |  | 50.2 |  |  | 51.8 |  |  | 68.8 |
Total Segment Adjusted Net Operating Income (Loss) |  | 426.5 |  |  | (5.3) |  |  | (78.6) |
Corporate and Other Adjusted Net Operating Loss |  | (50.3) |  |  | (42.1) |  |  | (37.8) |
Less: Net Loss attributable to Noncontrolling Interest |  | (5.3) |  |  | (0.2) |  |  | — |
Net (Loss) Income From: |  |  |  |  |  |
Change in Fair Value of Equity and Convertible Securities |  | (2.1) |  |  | 3.7 |  |  | (63.1) |
Net Realized Investment Gains (Losses) |  | 10.4 |  |  | (14.7) |  |  | 3.4 |
Impairment Losses |  | (4.6) |  |  | (0.9) |  |  | (20.4) |
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs |  | (31.8) |  |  | (95.0) |  |  | (61.3) |
Debt Extinguishment, Pension Settlement, and Other Charges |  | (7.4) |  |  | (55.5) |  |  | (2.9) |
Goodwill Impairment Charges |  | — |  |  | (45.5) |  |  | — |
Non-Core Operations |  | (28.2) |  |  | (17.0) |  |  | (25.9) |
Net Income (Loss) Attributable to Kemper Corporation |  | $ | 317.8 |  |  | $ | (272.1) |  |  | $ | (286.6) |

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