Income Taxes

9 Months Ended

Sep. 30, 2023

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The statute of limitations related to Kemper and its eligible subsidiaries’ consolidated Federal income tax returns is closed for all tax years up to and including 2011 and 2018. As a result of the Company filing amended federal income tax returns, tax years 2012 and 2013 are under limited examination for carry-back adjustments associated with the amended returns. The statute of limitations related to tax years 2014, 2015, 2016 and 2017 has been extended to June 30, 2024. Tax years 2019, 2020 and 2021 are subject to a statute of three years from the extended due dates of October 15, 2020, 2021, and 2022, respectively.

The expiration of the statute of limitations related to the various state income tax returns that Kemper and its subsidiaries file varies by state.

There were no Unrecognized Tax Benefits at September 30, 2023, or December 31, 2022. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in Income Tax Benefit.

For the nine months ended September 30, 2023 and 2022, federal income tax refunds received, net of income taxes paid, were $113.6 million and $0.4 million, respectively.

For the nine months ended September 30, 2023, state income taxes paid, net of refunds received, were $0.1 million. For the nine months ended September 30, 2022, state income taxes paid, net of refunds received, were negligible. No foreign income taxes were paid or refunds received for the nine months ended September 30, 2023 and September 30, 2022, respectively.