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    Kemper Corp (KMPR)

    Financials

    Updated Apr 8, 2025, 5:37 PM UTC
    Income Statement - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Earned Premiums (USD, millions)1,117.801,063.804,529.41,031.91,033.701,068.501,081.804,215.9
    Net Investment Income (USD, millions)107.00104.60419.7100.493.00111.10103.00407.5
    Change in Value of Alternative Energy Partnership Investments (USD, millions)0.800.602.90.40.600.500.802.3
    Other Income (USD, millions)2.401.907.21.82.402.201.808.2
    Change in Fair Value of Equity and Convertible Securities (USD, millions)2.80(2.20)4.73.4(1.20)(2.30)(2.60)(2.7)
    Net Realized Investment Gains (Losses) (USD, millions)(30.30)19.70(18.6)6.61.501.104.0013.2
    Impairment Losses (USD, millions)1.10(1.00)(1.1)(1.5)(0.10)(2.20)(2.00)(5.8)
    Total Revenues (USD, millions)1,199.401,187.204,944.21,143.01,129.901,178.901,186.804,638.6
    Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses (USD, millions)975.20808.103,820.0756.0744.40769.30743.403,013.1
    Insurance and Other Expenses (USD, millions)259.00258.001,052.4240.7244.30254.30440.801,180.1
    Loss from Early Extinguishment of Debt (USD, millions)--------
    Interest Expense (USD, millions)156.0057.60369.359.749.3064.60(116.70)56.9
    Goodwill Impairment (USD, millions)0.000.0049.6-----
    Total Expenses (USD, millions)1,390.201,123.705,291.31,056.41,038.001,088.201,067.504,250.1
    Income (Loss) before Income Taxes (USD, millions)(190.80)63.50(347.1)86.691.9090.70119.30388.5
    Income Tax Expense (Benefit) (USD, millions)44.40(12.20)74.8(16.4)(17.50)(18.50)128.4076.0
    Net Income (Loss) (USD, millions)(146.40)51.30(272.3)70.274.4072.2095.70312.5
    Less: Net (Loss) Income attributable to Noncontrolling Interest (USD, millions)-(0.10)(0.2)(1.1)(1.00)(1.50)(1.70)(5.3)
    Net Income (Loss) attributable to Kemper Corporation (USD, millions)-51.40(272.1)71.375.4073.7097.40317.8
    Basic Net Income (Loss) per Share (USD)(2.28)0.80(4.25)1.111.171.151.524.95
    Diluted Net Income (Loss) per Share (USD)(2.28)0.80(4.25)1.101.161.141.514.91
    Balance Sheet - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
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    Fixed Maturities at Fair Value (Amortized Cost: 2024 - $ 7,295.0 ; 2023 - $ 7,565.8 Allowance for Credit Losses: 2024 - $ 10.7 ; 2023 - $ 8.2) [USD, millions]6,474.56,881.96,881.9$ 6,771.6$ 6,674.7$ 6,872.0$ 6,409.6$ 6,409.6
    Equity Securities at Fair Value (Cost: 2024 - $ 197.1 ; 2023 - $ 209.3) [USD, millions]233.4225.8225.8230.1226.6228.3218.5218.5
    Equity Method Limited Liability Investments [USD, millions]224.1221.7221.7215.2205.1202.6186.3186.3
    Alternative Energy Partnership Investments [USD, millions]17.217.317.317.217.317.417.617.6
    Short-term Investments at Cost which Approximates Fair Value [USD, millions]418.5520.9520.9520.7539.1696.91,037.11,037.1
    Company-Owned Life Insurance [USD, millions]506.9513.5513.5515.7523.3533.0539.2539.2
    Loans to Policyholders [USD, millions]281.8281.2281.2280.5279.8280.3280.7280.7
    Other Investments [USD, millions]273.1241.9241.9213.6202.4206.5199.5199.5
    Total Investments [USD, millions]8,429.58,904.28,904.2$ 8,764.6$ 8,668.3$ 9,037.0$ 8,888.5$ 8,888.5
    Cash [USD, millions]110.064.164.1125.9107.456.964.464.4
    Receivables from Policyholders (Allowance for Credit Losses: 2024 - $ 2.9 ; 2023 - $ 13.9) [USD, millions]1,102.6959.5959.5953.1988.0982.8977.9977.9
    Other Receivables [USD, millions]223.4200.5200.5195.4191.5202.1185.7185.7
    Deferred Policy Acquisition Costs [USD, millions]622.2591.6591.6595.3608.0621.3628.9628.9
    Goodwill [USD, millions]1,250.71,250.71,250.71,250.71,250.71,250.71,250.71,250.7
    Current Income Tax Assets [USD, millions]59.564.564.552.656.568.863.463.4
    Deferred Income Tax Assets [USD, millions]258.5210.4210.4199.1185.0150.593.393.3
    Other Assets [USD, millions]488.7492.6492.6479.1476.4468.9436.1436.1
    Fixed Maturities at Fair Value (Amortized Cost 2024 - $ 1.7 ; 2023 - $ 1.7 Allowance for Credit Losses 2024 - $ — ; 2023 - $ —) - Assets of Consolidated Variable Interest Entity [USD, millions]1.61.71.71.71.61.71.71.7
    Short-term Investments at Cost which Approximates Fair Value - Assets of Consolidated Variable Interest Entity [USD, millions]-2.02.04.04.824.028.028.0
    Cash - Assets of Consolidated Variable Interest Entity [USD, millions]2.4--0.8--1.01.0
    Receivables from Policyholders (Allowance for Credit Losses 2024 - $ — ; 2023 - $ —) - Assets of Consolidated Variable Interest Entity [USD, millions]0.10.70.72.75.26.68.28.2
    Deferred Policy Acquisition Costs - Assets of Consolidated Variable Interest Entity [USD, millions]-0.10.10.60.30.71.11.1
    Deferred Income Tax Assets - Assets of Consolidated Variable Interest Entity [USD, millions]-0.10.1-0.61.01.51.5
    Other Assets - Assets of Consolidated Variable Interest Entity [USD, millions]0.1--0.3----
    Total Assets [USD, millions]12,549.312,742.712,742.7$ 12,625.9$ 12,544.3$ 12,873.0$ 12,630.4$ 12,630.4
    Life and Health - Insurance Reserves [USD, millions]3,098.13,422.43,422.4$ 3,294.3$ 3,202.0$ 3,425.8$ 3,199.7$ 3,199.7
    Property and Casualty - Insurance Reserves [USD, millions]2,724.52,680.52,680.52,597.22,567.22,586.92,611.92,611.9
    Total Insurance Reserves [USD, millions]5,822.66,102.96,102.9$ 5,891.5$ 5,769.2$ 6,012.7$ 5,811.6$ 5,811.6
    Unearned Premiums [USD, millions]1,485.11,300.81,300.8$ 1,274.1$ 1,301.5$ 1,290.3$ 1,264.1$ 1,264.1
    Policyholder Obligations [USD, millions]656.3655.7655.7660.9644.4618.3637.7637.7
    Deferred Income Tax Liabilities [USD, millions]57.850.650.661.768.367.114.814.8
    Accrued Expenses and Other Liabilities [USD, millions]777.6737.7737.7754.8693.8709.5705.2705.2
    Long-term Debt, Current, at Amortized Cost [USD, millions]---449.7449.8449.9449.9449.9
    Long-term Debt, Non-current, at Amortized Cost [USD, millions]---940.1940.6941.0941.7941.7
    Insurance Reserves - Liabilities of Consolidated Variable Interest Entity [USD, millions]---0.72.45.39.49.4
    Unearned Premiums - Liabilities of Consolidated Variable Interest Entity [USD, millions]0.10.50.53.14.98.111.211.2
    Accrued Expenses and Other Liabilities - Liabilities of Consolidated Variable Interest Entity [USD, millions]-0.30.30.60.10.40.50.5
    Total Liabilities [USD, millions]10,188.110,237.710,237.7$ 10,037.2$ 9,875.0$ 10,102.6$ 9,846.1$ 9,846.1
    Common Stock, $ 0.10 Par Value, 100,000,000 Shares Authorized; Shares Issued and Outstanding at Period End - Kemper Corporation Shareholders’ Equity [USD, millions]6.46.46.46.46.46.46.46.4
    Paid-in Capital - Kemper Corporation Shareholders’ Equity [USD, millions]1,845.91,845.31,845.3$ 1,852.3$ 1,860.9$ 1,858.0$ 1,854.9$ 1,854.9
    Retained Earnings - Kemper Corporation Shareholders’ Equity [USD, millions]982.41,014.31,014.3$ 1,066.1$ 1,121.2$ 1,161.4$ 1,231.6$ 1,231.6
    Accumulated Other Comprehensive Loss - Kemper Corporation Shareholders’ Equity [USD, millions](473.4)(360.8)(360.8)(335.0)(317.3)(252.5)(304.5)(304.5)
    Total Kemper Corporation Shareholders’ Equity [USD, millions]2,361.32,505.22,505.2$ 2,589.8$ 2,671.2$ 2,773.3$ 2,788.4$ 2,788.4
    Noncontrolling Interest - Total Shareholders’ Equity [USD, millions](0.1)(0.2)(0.2)(1.1)(1.9)(2.9)(4.1)(4.1)
    Total Shareholders’ Equity [USD, millions]2,361.22,505.02,505.0$ 2,588.7$ 2,669.3$ 2,770.4$ 2,784.3$ 2,784.3
    Total Liabilities and Shareholders’ Equity [USD, millions]12,549.312,742.712,742.7$ 12,625.9$ 12,544.3$ 12,873.0$ 12,630.4$ 12,630.4
    Cash Flow - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Net Loss (USD, millions)(146.40)51.30(272.3)-----
    Net Realized Investment Losses (Gains) (USD, millions)30.30(19.70)18.6-----
    Impairment Losses (Gains) (USD, millions)1.101.201.1-----
    Depreciation and Amortization of Property, Equipment and Software (USD, millions)12.905.3044.4-----
    Amortization of Intangible Assets Acquired (USD, millions)3.103.2014.2-----
    Settlement Costs Related to Defined Benefit Pension Plan (USD, millions)-0.0070.2-----
    Loss from Early Extinguishment of Debt (USD, millions)--------
    Change in Accumulated Undistributed Earnings of Equity Method Limited Liability Investments (USD, millions)(1.60)1.80(1.1)-----
    (Income) Loss from Change in Value of Alternative Energy Partnership Investments (USD, millions)(0.80)(0.60)(2.9)-----
    (Increase) Decrease in Value of Equity and Convertible Securities (USD, millions)(2.80)2.20(4.7)-----
    Goodwill Impairment (USD, millions)0.000.0049.6-----
    Net Cash (Used in) Provided by Operating Activities (USD, millions)(38.60)(29.70)(134.2)-----
    Proceeds from the Sales, Calls and Maturities of Fixed Maturities (USD, millions)176.80143.20673.0-----
    Proceeds from the Sales or Paydowns of Investments: Equity Securities (USD, millions)41.4075.10149.0-----
    Proceeds from the Sales or Paydowns of Investments: Mortgage Loans (USD, millions)26.4026.3095.2-----
    Proceeds from the Sales or Paydowns of Investments: Other Investments (USD, millions)6.107.1018.3-----
    Purchases of Investments: Fixed Maturities (USD, millions)(27.90)(84.70)(447.4)-----
    Purchases of Investments: Equity Securities (USD, millions)(13.90)(4.30)(44.4)-----
    Purchases of Investments: Real Estate Investments (USD, millions)(0.50)(0.20)(1.0)-----
    Purchases of Investments: Corporate-Owned Life Insurance (USD, millions)--------
    Purchases of Investments: Mortgage Loans (USD, millions)(32.50)(27.50)(104.1)-----
    Purchases of Investments: Other Investments (USD, millions)(4.30)(3.90)(19.8)-----
    Net (Purchases) Sales of Short-term Investments (USD, millions)(9.60)(101.90)(238.4)-----
    Sales of Businesses, Net of Cash Disposed (USD, millions)--------
    Acquisition of Software and Long-lived Assets (USD, millions)(13.70)(14.70)(53.8)-----
    Settlement Proceeds from Company-Owned Life Insurance (USD, millions)0.000.00102.2-----
    Other Investing Activities (USD, millions)(8.00)(11.80)(20.9)-----
    Net Cash Provided by (Used in) Investing Activities (USD, millions)140.302.70107.9-----
    Repayment of Long-term Debt (USD, millions)--------
    Proceeds from Issuance of 3.800 % Senior Notes due February 23, 2032 (USD, millions)--------
    Issuance Fees on 3.800 % Senior Notes due February 23, 2032 (USD, millions)--------
    Proceeds from Issuance of 5.875 % Fixed-Rate Reset Junior Subordinated Debentures Due 2062 (USD, millions)--------
    Issuance Fees on 5.875 % Fixed-Rate Reset Junior Subordinated Debentures Due 2062 (USD, millions)--------
    Proceeds from Policyholder Contract Obligations (USD, millions)8.800.00123.3-----
    Repayment of Policyholder Contract Obligations (USD, millions)(52.60)(0.60)(169.0)-----
    Proceeds from Shares Issued under Employee Stock Purchase Plan (USD, millions)1.101.004.3-----
    Dividends Paid (USD, millions)(20.20)(20.30)(80.1)-----
    Other Financing Activities (USD, millions)0.00(1.40)(0.5)-----
    Net Cash (Used in) Provided by Financing Activities (USD, millions)(62.90)(21.30)(122.0)-----
    Net (decrease) increase in cash (USD, millions)38.80(48.30)(148.3)-----
    Receivables from Policyholders (USD, millions)184.0326.4326.4-----
    Reinsurance Recoverables (USD, millions)11.612.112.1-----
    Deferred Policy Acquisition Costs (USD, millions)13.443.943.9-----
    Insurance Reserves (USD, millions)7.9(30.8)(30.8)-----
    Unearned Premiums (USD, millions)(219.3)(403.1)(403.1)-----
    Income Taxes (USD, millions)27.533.233.2-----
    Other Assets and Liabilities (USD, millions)(2.0)(33.0)(33.0)-----
    Cash, Beginning of Year (USD, millions)212.4212.4212.4-----
    Cash, End of Year/Period (USD, millions)112.464.164.1-----
    Revenue by Segment - in Millions of USDQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Specialty Property & Casualty Insurance935.2909.83,806.9882.5910.8972.61,006.23,772.1
    - Earned Premiums102.184387.697.3100.8100.6--
    - Net Investment Income49.447.1193.444.330.550.3--
    - Change in Value of Alternative Energy0.20.10.70.10.10.2--
    - Other Income-0.10.2-0.20.20.10.0--
    Life Insurance151.6131.4581.5141.9131.5151.1141.1565.6
    Non-Core Operations138.0-558.4106.283.854.837.6282.4
    Other3.2312.43.93.63.82.513.8
    Change in Fair Value of Equity Securities2.8-2.24.73.4-1.2---2.7
    Net Realized Investment Gains-30.319.7-18.66.61.5--13.2
    Impairment Losses-1.1-1.2-1.1-1.5-0.1---5.8
    Total Revenue1,199.41,187.24,944.21,143.01,129.91,178.91,186.84,638.6
    KPIs - Metric (Unit, Scale)Q1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024
    Number of states with Specialty Property & Casualty Insurance business (states)--31----16
    Percentage of Specialty Property & Casualty Insurance premiums from California (percentage)--53----58
    Percentage of Specialty Property & Casualty Insurance premiums from Florida (percentage)--20----19
    Percentage of Specialty Property & Casualty Insurance premiums from Texas (percentage)--15----13
    Percentage of Specialty Property & Casualty Insurance premiums from top three states (percentage)--88----90
    Percentage of consolidated insurance premiums from Specialty Property & Casualty Insurance (percentage)--80----85
    Number of independent agents and brokers for Specialty Property & Casualty Insurance (agents)--16,800----15,750
    Maximum management fee rate for attorney-in-fact (percentage)-------30
    Number of catastrophic events below USD 5 million (count)--68----69
    Number of catastrophic events between USD 5 and USD 10 million (count)--3----3
    Number of catastrophic events over USD 10 million (count)--0----0
    Total number of catastrophic events (count)--------
    Number of states (plus DC) with Life Insurance business (states_and_DC)--27----27
    Percentage of Life Insurance premiums from top five states (percentage)--69----67
    Percentage of Life Insurance premiums from Texas (percentage)--30----29
    Percentage of Life Insurance premiums from Louisiana (percentage)--15----15
    Percentage of Life Insurance premiums from Alabama (percentage)--11----10
    Percentage of Life Insurance premiums from Florida (percentage)--7----7
    Percentage of Life Insurance premiums from Georgia (percentage)--6----6
    Lapse ratio for individual life insurance (percentage)--5----5
    Average monthly premium for life insurance policies (USD per policy per month)--28----29
    Average face amount for life insurance policies (USD)--6308----6413
    Number of life insurance career agents (agents)--2300----2200
    Ranking among personal lines automobile insurance writers (rank)-------15
    Market share of property and casualty insurance industry (percentage)--<1-----