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Business Segments
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company is engaged, through its subsidiaries, in the property and casualty insurance and life and health insurance businesses. The Company conducts its operations through two operating segments: Specialty Property & Casualty Insurance and Life Insurance.
The Specialty Property & Casualty Insurance segment’s principal products are specialty personal automobile and commercial automobile insurance. These products are distributed primarily through independent agents and brokers. The Life Insurance segment’s principal products are individual life, accident, supplemental health and property insurance. Career agents employed by the Company distribute these products. Corporate and Other operations include interest expense, board of directors’ fees, and general corporate expenses incurred by the Company which are not allocated to other businesses. Non-Core Operations includes the results of the Preferred Insurance business which the Company expects to fully exit.
Segment Adjusted Net Operating Income
The Company analyzes the operating performance of each segment using segment adjusted net operating income. Segment adjusted net operating income does not equate to “net (loss) income” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company’s Chief Operating Decision Maker (“CODM”) to evaluate segment performance and allocate resources, and consistent with authoritative guidance, is the measure of segment performance presented below. Segment adjusted net operating income is calculated by adjusting each segment’s income after income taxes for the following items:
(i) Change in Fair Value of Equity and Convertible Securities;
(ii) Net Realized Investment Gains;
(iii) Impairment Losses;
(iv) Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs;
(v) Debt Extinguishment, Pension Settlement and Other Charges;
(vi) Goodwill Impairment Charges;
(vii) Non-Core Operations; and
(viii) Significant non-recurring or infrequent items that may not be indicative of ongoing operations
These items are important to an understanding of overall results of operations. Segment adjusted net operating income is not a substitute for income determined in accordance with U.S. GAAP, and the Company’s definition of segment adjusted net operating income may differ from that used by other companies. The Company, however, believes that the presentation of segment adjusted net operating income, as measured for management purposes, enhances the understanding of results of operations by highlighting the underlying profitability factors of its businesses.
Total Segment, Non-Core Operations, and Corporate and Other assets at September 30, 2025 and December 31, 2024 were:
(Dollars in Millions)
Sep 30,
2025		Dec 31,
2024
Segment Assets:
Specialty Property & Casualty Insurance1
$6,642.1 $6,352.9 
Life Insurance4,879.0 4,731.7 
Total Segment Assets11,521.1 11,084.6 
Corporate and Other262.9 774.7 
Non-Core Operations659.4 771.1 
Total Assets1
$12,443.4 $12,630.4 
1Includes $70.0 million and $41.5 million attributable to Kemper Reciprocal as of September 30, 2025 and December 31, 2024, respectively, which is reported as a consolidated variable interest entity.
Note 3 - Business Segments (Continued)
Earned Premiums by product line, including a reconciliation to Total Earned Premiums, for the three and nine months ended September 30, 2025 and 2024 were:
 Three Months EndedNine Months Ended
(Dollars in Millions)Sep 30,
2025		Sep 30,
2024		Sep 30,
2025		Sep 30,
2024
Specialty Property & Casualty Insurance:
Personal Automobile$785.1 $731.3 $2,328.1 $2,098.1 
Commercial Automobile232.2 187.7 662.2 523.5 
Total Specialty Property & Casualty Insurance
1,017.3 919.0 2,990.3 2,621.6 
Life Insurance:
Life84.1 84.2 252.6 249.2 
Accident and Health5.5 5.6 16.4 16.8 
Property10.2 10.8 31.0 32.7 
Total Life Insurance
99.8 100.6 300.0 298.7 
Total Segment Earned Premiums1,117.1 1,019.6 3,290.3 2,920.3 
Non-Core Operations16.2 48.9 61.7 213.8 
Total Earned Premiums$1,133.3 $1,068.5 $3,352.0 $3,134.1 
Segment Revenues, including a reconciliation to Total Revenues, for the three and nine months ended September 30, 2025 and 2024 were:
 Three Months EndedNine Months Ended
(Dollars in Millions)Sep 30,
2025		Sep 30,
2024		Sep 30,
2025		Sep 30,
2024
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums$1,017.3 $919.0 $2,990.3 $2,621.6 
Net Investment Income53.8 52.0 153.9 139.7 
Other Income2.5 1.6 6.5 4.6 
Total Specialty Property & Casualty Insurance1,073.6 972.6 3,150.7 2,765.9 
Life Insurance:
Earned Premiums99.8 100.6 300.0 298.7 
Net Investment Income48.0 50.3 141.1 125.1 
Other Income0.4 0.2 1.4 0.7 
Total Life Insurance148.2 151.1 442.5 424.5 
Total Segment Revenues1,221.8 1,123.7 3,593.2 3,190.4 
Change in Fair Value of Equity and Convertible Securities
(2.1)(2.3)(2.5)(0.1)
Net Realized Investment Gains3.9 1.1 4.7 9.2 
Impairment Losses(3.1)(2.2)(6.4)(3.8)
Non-Core Operations18.2 54.8 67.4 244.8 
Other
1.0 3.8 1.9 11.3 
Total Revenues$1,239.7 $1,178.9 $3,658.3 $3,451.8 
Note 3 - Business Segments (Continued)
Significant Segment Expenses that were regularly provided to the CODM for the three and nine months ended September 30, 2025 and 2024 were:
Three Months EndedNine Months Ended
(Dollars in Millions)
Sep 30,
2025		Sep 30,
2024		Sep 30,
2025		Sep 30,
2024
Segment Expenses:
Specialty Property & Casualty Insurance:
Current Year
Non-catastrophe Losses and LAE$798.7 $644.2 $2,211.1 $1,846.0 
Catastrophe Losses and LAE1.0 3.6 10.1 18.0 
Prior Years
Non-catastrophe Losses and LAE51.4 (0.1)65.5 4.4 
Catastrophe Losses and LAE— 0.2 0.6 0.8 
Total Incurred Losses and LAE851.1 647.9 2,287.3 1,869.2 
Policy Acquisition Costs1
137.0 119.6 409.4 349.0 
Business Unit Operating Costs2
44.2 40.5 122.6 101.4 
Corporate Overhead Costs3
33.4 34.8 102.5 102.1 
Total Insurance Expenses214.6 194.9 634.5 552.5 
Income Tax Expense0.3 26.2 44.4 69.1 
Total Specialty Property & Casualty Insurance1,066.0 869.0 2,966.2 2,490.8 
Life Insurance:
Policyholders’ Benefits and Incurred Losses and LAE60.5 64.1 186.2 191.0 
Policy Acquisition Costs1
32.8 34.9 97.7 100.3 
Business Unit Operating Costs2
24.6 24.1 76.1 71.6 
Corporate Overhead Costs3
8.2 10.0 25.9 31.0 
Total Insurance Expenses65.6 69.0 199.7 202.9 
Income Tax Expense3.5 3.0 8.2 3.9 
Total Life Insurance129.6 136.1 394.1 397.8 
Total Segment Expenses$1,195.6 $1,005.1 $3,360.3 $2,888.6 
1Policy 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.
2Business unit operating costs are general expenses incurred by the Company's segments as part of ongoing operations and includes employee, IT, and facilities expenses.
3Corporate overhead costs represents general expenses and other shared service expenses which are allocated across the Company.
Note 3 - Business Segments (Continued)
Total Segment Adjusted Net Operating Income, including a reconciliation to Net (Loss) Income attributable to Kemper Corporation, for the three and nine months ended September 30, 2025 and 2024 was:
 Three Months EndedNine Months Ended
(Dollars in Millions)Sep 30,
2025		Sep 30,
2024		Sep 30,
2025		Sep 30,
2024
Segment Adjusted Net Operating Income:
Specialty Property & Casualty Insurance
Revenues
$1,073.6 $972.6 $3,150.7 $2,765.9 
Expenses
(1,066.0)(869.0)(2,966.2)(2,490.8)
Specialty Property & Casualty Insurance Adjusted Net Operating Income
7.6 103.6 184.5 275.1 
Life Insurance
Revenues
148.2 151.1 442.5 424.5 
Expenses
(129.6)(136.1)(394.1)(397.8)
Life Insurance Adjusted Net Operating Income
18.6 15.0 48.4 26.7 
Total Segment Adjusted Net Operating Income
26.2 118.6 232.9 301.8 
Corporate and Other Adjusted Net Operating Loss
(9.0)(15.1)(30.7)(39.0)
Less: Net Loss attributable to Noncontrolling Interest
(3.2)(1.5)(8.7)(3.6)
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities
(1.7)(1.8)(2.0)(0.1)
Net Realized Investment Gains3.1 0.9 3.7 7.3 
Impairment Losses(2.5)(1.7)(5.1)(3.0)
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs(19.6)(9.1)(27.6)(24.3)
Debt Extinguishment, Pension Settlement and Other Charges— (2.2)0.4 (0.1)
Non-Core Operations(20.7)(17.4)(29.0)(25.8)
Net (Loss) Income attributable to Kemper Corporation
$(21.0)$73.7 $151.3 $220.4