XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.25.2

Business Segments (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Reconciliation of Assets from Segment to Consolidated | Total Segment, Non-Core Operations, and Corporate and Other assets at June 30, 2025 and December 31, 2024 were:
(Dollars in Millions) |  | Jun 30, 2025 |  | Dec 31, 2024
Segment Assets: |  |  |  |
Specialty Property & Casualty Insurance 1 |  | $ | 6,661.9 |  |  | $ | 6,352.9 |
Life Insurance |  | 4,814.8 |  |  | 4,731.7 |
Total Segment Assets |  | 11,476.7 |  |  | 11,084.6 |
Corporate and Other |  | 451.9 |  |  | 774.7 |
Non-Core Operations |  | 672.5 |  |  | 771.1 |
Total Assets 1 |  | $ | 12,601.1 |  |  | $ | 12,630.4 |
1 Includes $66.0 million and $41.5 million attributable to Kemper Reciprocal as of June 30, 2025 and December 31, 2024, respectively, which is reported as a consolidated variable interest entity.
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, 2025 and 2024 were:
|  | Three Months Ended |  | Six Months Ended
(Dollars in Millions) |  | Jun 30, 2025 |  | Jun 30, 2024 |  | Jun 30, 2025 |  | Jun 30, 2024
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Personal Automobile |  | $ | 789.3 |  |  | $ | 691.5 |  |  | $ | 1,543.0 |  |  | $ | 1,366.8 |
Commercial Automobile |  | 221.5 |  |  | 171.1 |  |  | 430.0 |  |  | 335.8 |
Total Specialty Property & Casualty Insurance |  | 1,010.8 |  |  | 862.6 |  |  | 1,973.0 |  |  | 1,702.6 |
Life Insurance: |  |  |  |  |  |  |  |
Life |  | 84.8 |  |  | 84.4 |  |  | 168.5 |  |  | 165.0 |
Accident and Health |  | 5.4 |  |  | 5.6 |  |  | 10.9 |  |  | 11.2 |
Property |  | 10.3 |  |  | 10.8 |  |  | 20.8 |  |  | 21.9 |
Total Life Insurance |  | 100.5 |  |  | 100.8 |  |  | 200.2 |  |  | 198.1 |
Total Segment Earned Premiums |  | 1,111.3 |  |  | 963.4 |  |  | 2,173.2 |  |  | 1,900.7 |
Non-Core Operations |  | 19.5 |  |  | 70.3 |  |  | 45.5 |  |  | 164.9 |
Total Earned Premiums |  | $ | 1,130.8 |  |  | $ | 1,033.7 |  |  | $ | 2,218.7 |  |  | $ | 2,065.6 |
Reconciliation of Revenue from Segments to Consolidated | Segment Revenues, including a reconciliation to Total Revenues, for the three and six months ended June 30, 2025 and 2024 were:
|  | Three Months Ended |  | Six Months Ended
(Dollars in Millions) |  | Jun 30, 2025 |  | Jun 30, 2024 |  | Jun 30, 2025 |  | Jun 30, 2024
Segment Revenues: |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | $ | 1,010.8 |  |  | $ | 862.6 |  |  | $ | 1,973.0 |  |  | $ | 1,702.6 |
Net Investment Income |  | 49.6 |  |  | 46.6 |  |  | 100.1 |  |  | 87.7 |
Other Income |  | 2.7 |  |  | 1.6 |  |  | 4.0 |  |  | 3.0 |
Total Specialty Property & Casualty Insurance |  | 1,063.1 |  |  | 910.8 |  |  | 2,077.1 |  |  | 1,793.3 |
Life Insurance: |  |  |  |  |  |  |  |
Earned Premiums |  | 100.5 |  |  | 100.8 |  |  | 200.2 |  |  | 198.1 |
Net Investment Income |  | 44.7 |  |  | 30.5 |  |  | 93.1 |  |  | 74.8 |
Other Income |  | 0.3 |  |  | 0.2 |  |  | 1.0 |  |  | 0.5 |
Total Life Insurance |  | 145.5 |  |  | 131.5 |  |  | 294.3 |  |  | 273.4 |
Total Segment Revenues |  | 1,208.6 |  |  | 1,042.3 |  |  | 2,371.4 |  |  | 2,066.7 |
Change in Fair Value of Equity and Convertible Securities |  | (0.5) |  |  | (1.2) |  |  | (0.4) |  |  | 2.2 |
Net Realized Investment (Losses) Gains |  | (0.1) |  |  | 1.5 |  |  | 0.8 |  |  | 8.1 |
Impairment Losses |  | (3.6) |  |  | (0.1) |  |  | (3.3) |  |  | (1.6) |
Non-Core Operations |  | 21.3 |  |  | 83.8 |  |  | 49.2 |  |  | 190.0 |
Other |  | (0.1) |  |  | 3.6 |  |  | 0.9 |  |  | 7.5 |
Total Revenues |  | $ | 1,225.6 |  |  | $ | 1,129.9 |  |  | $ | 2,418.6 |  |  | $ | 2,272.9 |
Reconciliation of Expenses from Segments to Consolidated | Significant Segment Expenses that were regularly provided to the CODM for the three and six months ended June 30, 2025 and 2024 were:
|  | Three Months Ended |  | Six Months Ended
(Dollars in Millions) |  | Jun 30, 2025 |  | Jun 30, 2024 |  | Jun 30, 2025 |  | Jun 30, 2024
Segment Expenses: |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance: |  |  |  |  |  |  |  |
Current Year |  |  |  |  |  |  |  |
Non-catastrophe Losses and LAE |  | 730.1 |  |  | 592.8 |  |  | $ | 1,412.4 |  |  | $ | 1,201.8 |
Catastrophe Losses and LAE |  | 5.3 |  |  | 10.3 |  |  | 9.1 |  |  | 14.4 |
Prior Years |  |  |  |  |  |  |  |
Non-catastrophe Losses and LAE |  | 13.6 |  |  | (0.8) |  |  | 14.1 |  |  | 4.5 |
Catastrophe Losses and LAE |  | 0.4 |  |  | (0.1) |  |  | 0.6 |  |  | 0.6 |
Total Incurred Losses and LAE |  | 749.4 |  |  | 602.2 |  |  | 1,436.2 |  |  | 1,221.3 |
Policy Acquisition Costs 1 |  | 140.1 |  |  | 116.2 |  |  | 272.4 |  |  | 229.4 |
Business Unit Operating Costs 2 |  | 40.7 |  |  | 30.4 |  |  | 78.4 |  |  | 60.9 |
Corporate Overhead Costs 3 |  | 34.0 |  |  | 34.1 |  |  | 69.1 |  |  | 67.3 |
Total Insurance Expenses |  | 214.8 |  |  | 180.7 |  |  | 419.9 |  |  | 357.6 |
Income Tax Expense |  | 19.9 |  |  | 25.6 |  |  | 44.1 |  |  | 42.9 |
Total Specialty Property & Casualty Insurance |  | 984.1 |  |  | 808.5 |  |  | 1,900.2 |  |  | 1,621.8 |
Life Insurance: |  |  |  |  |  |  |  |
Policyholders’ Benefits and Incurred Losses and LAE |  | 63.5 |  |  | 63.9 |  |  | 125.7 |  |  | 126.9 |
Policy Acquisition Costs 1 |  | 35.2 |  |  | 34.2 |  |  | 64.9 |  |  | 65.4 |
Business Unit Operating Costs 2 |  | 24.0 |  |  | 24.2 |  |  | 51.5 |  |  | 47.5 |
Corporate Overhead Costs 3 |  | 8.5 |  |  | 10.6 |  |  | 17.7 |  |  | 21.0 |
Total Insurance Expenses |  | 67.7 |  |  | 69.0 |  |  | 134.1 |  |  | 133.9 |
Income Tax Expense (Benefit) |  | 1.7 |  |  | (1.2) |  |  | 4.7 |  |  | 0.9 |
Total Life Insurance |  | 132.9 |  |  | 131.7 |  |  | 264.5 |  |  | 261.7 |
Total Segment Expenses |  | $ | 1,117.0 |  |  | $ | 940.2 |  |  | $ | 2,164.7 |  |  | $ | 1,883.5 |
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.
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.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | Total Segment Adjusted Net Operating Income, including a reconciliation to Net Income attributable to Kemper Corporation, for the three and six months ended June 30, 2025 and 2024 was:
|  | Three Months Ended |  | Six Months Ended
(Dollars in Millions) |  | Jun 30, 2025 |  | Jun 30, 2024 |  | Jun 30, 2025 |  | Jun 30, 2024
Segment Adjusted Net Operating Income: |  |  |  |  |  |  |  |
Specialty Property & Casualty Insurance |  |  |  |  |  |  |  |
Revenues |  | $ | 1,063.1 |  |  | $ | 910.8 |  |  | $ | 2,077.1 |  |  | $ | 1,793.3 |
Expenses |  | (984.1) |  |  | (808.5) |  |  | (1,900.2) |  |  | (1,621.8) |
Specialty Property & Casualty Insurance Adjusted Net Operating Income |  | 79.0 |  |  | 102.3 |  |  | 176.9 |  |  | 171.5 |
Life Insurance |  |  |  |  |  |  |  |
Revenues |  | 145.5 |  |  | 131.5 |  |  | 294.3 |  |  | 273.4 |
Expenses |  | (132.9) |  |  | (131.7) |  |  | (264.5) |  |  | (261.7) |
Life Insurance Adjusted Net Operating Income (Loss) |  | 12.6 |  |  | (0.2) |  |  | 29.8 |  |  | 11.7 |
Total Segment Adjusted Net Operating Income |  | 91.6 |  |  | 102.1 |  |  | 206.7 |  |  | 183.2 |
Corporate and Other Adjusted Net Operating Loss |  | (10.3) |  |  | (11.4) |  |  | (21.7) |  |  | (23.9) |
Less: Net Loss attributable to Noncontrolling Interest |  | (2.8) |  |  | (1.0) |  |  | (5.5) |  |  | (2.1) |
Net Income (Loss) From: |  |  |  |  |  |  |  |
Change in Fair Value of Equity and Convertible Securities |  | (0.4) |  |  | (1.0) |  |  | (0.3) |  |  | 1.7 |
Net Realized Investment (Losses) Gains |  | (0.1) |  |  | 1.2 |  |  | 0.6 |  |  | 6.4 |
Impairment Losses |  | (2.8) |  |  | (0.1) |  |  | (2.6) |  |  | (1.3) |
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs |  | (3.8) |  |  | (5.1) |  |  | (8.0) |  |  | (15.2) |
Debt Extinguishment, Pension Settlement and Other Charges |  | — |  |  | 2.1 |  |  | 0.4 |  |  | 2.1 |
Non-Core Operations |  | (4.4) |  |  | (13.4) |  |  | (8.3) |  |  | (8.4) |
Net Income attributable to Kemper Corporation |  | $ | 72.6 |  |  | $ | 75.4 |  |  | $ | 172.3 |  |  | $ | 146.7 |

X
- Definition Reconciliation of Expenses from Segments to Consolidated + References No definition available. + Details
Name: | kmpr_ReconciliationOfExpensesFromSegmentsToConsolidatedTableTextBlock
Namespace Prefix: | kmpr_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration