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Deferred Policy Acquisition Costs | 6 Months Ended
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Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Deferred Policy Acquisition Costs | Deferred Policy Acquisition Costs The following tables present the balances and changes in Deferred Policy Acquisition Costs for the Specialty Property and Casualty Insurance segment, Life Insurance segment, and Non-Core Operations business for the six months ended June 30, 2025 and 2024:
(Dollars in Millions) |  | Specialty |  | Life |  | Segment Total |  | Non-Core Operations |  | Total
Balance, December 31, 2024 1 |  | $ | 162.8 |  |  | $ | 463.1 |  |  | $ | 625.9 |  |  | $ | 4.1 |  |  | $ | 630.0 |
Capitalizations |  | 278.3 |  |  | 32.6 |  |  | 310.9 |  |  | 3.2 |  |  | 314.1 |
Amortization Expense |  | (266.0) |  |  | (14.1) |  |  | (280.1) |  |  | (4.2) |  |  | (284.3) |
Balance, June 30, 2025 1 |  | $ | 175.1 |  |  | $ | 481.6 |  |  | $ | 656.7 |  |  | $ | 3.1 |  |  | $ | 659.8 |
1 Includes $1.6 million and $1.1 million attributable to Kemper Reciprocal as of June 30, 2025 and December 31, 2024, respectively, which is reported as a consolidated variable interest entity.
(Dollars in Millions) |  | Specialty |  | Life |  | Segment Total |  | Non-Core Operations |  | Total
Balance, December 31, 2023 1 |  | $ | 142.7 |  |  | $ | 427.0 |  |  | $ | 569.7 |  |  | $ | 22.0 |  |  | $ | 591.7 |
Capitalizations |  | 236.6 |  |  | 35.7 |  |  | 272.3 |  |  | 8.7 |  |  | 281.0 |
Amortization Expense |  | (227.3) |  |  | (15.7) |  |  | (243.0) |  |  | (21.4) |  |  | (264.4) |
Balance, June 30, 2024 1 |  | $ | 152.0 |  |  | $ | 447.0 |  |  | $ | 599.0 |  |  | $ | 9.3 |  |  | $ | 608.3 |
1 Includes $0.3 million and $0.1 million attributable to Kemper Reciprocal as of June 30, 2024 and December 31, 2023, respectively, which is reported as a consolidated variable interest entity.
Costs directly associated with the successful acquisition of business, principally commissions and certain premium taxes and policy issuance costs, are deferred. Costs deferred on property and casualty insurance contracts are amortized over the period in which premiums are earned. Costs deferred on traditional life insurance products and other long-duration insurance contracts are amortized on a constant level basis over the expected life of the contracts in accordance with the assumptions used to estimate the liability for future policyholder benefits for nonparticipating traditional and limited-payment contracts. The underlying assumptions for deferred policy acquisition costs and the liability for future policyholder benefits are updated concurrently. The Company did not make any changes to future assumptions for the six months ended June 30, 2025 and 2024.

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- Definition The entire disclosure for deferred policy acquisition costs. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Name Accounting Standards Codification -SubTopic 30 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/944-30/tableOfContent + Details
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