Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

Revenue from External Customers by Products and Services

Earned Premiums by product line, including a reconciliation to Total Earned Premiums, for the nine and three months ended September 30, 2023 and 2022 were:


	Nine Months Ended				Three Months Ended
(Dollars in Millions)	Sep 30, 2023		Sep 30, 2022		Sep 30, 2023		Sep 30, 2022
Specialty Property & Casualty Insurance:
Personal Automobile	$	2,278.5	$	2,666.3	$	724.0	$	858.8
Commercial Automobile	488.4		398.5		166.4		140.7
Life Insurance:
Life	251.9		253.8		84.9		84.3
Accident and Health	17.5		136.8		5.8		45.9
Property	34.2		38.3		11.4		11.9
Total Segment Earned Premiums	$	3,070.5	$	3,493.7	$	992.5	$	1,141.6
Non-Core Operations	395.1		454.8		125.3		149.3
Total Earned Premiums	$	3,465.6	$	3,948.5	$	1,117.8	$	1,290.9

Reconciliation of Revenue from Segments to Consolidated

Segment Revenues, including a reconciliation to Total Revenues, for the nine and three months ended September 30, 2023 and 2022 were:


	Nine Months Ended				Three Months Ended
(Dollars in Millions)	Sep 30, 2023		Sep 30, 2022		Sep 30, 2023		Sep 30, 2022
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums	$	2,766.9	$	3,064.8	$	890.4	$	999.5
Net Investment Income	125.7		102.8		42.7		33.9
Change in Value of Alternative Energy Partnership Investments	1.3		(10.6)		0.5		0.3
Other Income	3.2		5.0		1.6		2.3
Total Specialty Property & Casualty Insurance	2,897.1		3,162.0		935.2		1,036.0
Life Insurance:
Earned Premiums	303.6		428.9		102.1		142.1
Net Investment Income	146.3		163.9		49.4		52.6
Change in Value of Alternative Energy Partnership Investments	0.6		(5.6)		0.2		0.1
Other (Loss) Income	(0.4)		(0.8)		(0.1)		—
Total Life Insurance	450.1		586.4		151.6		194.8
Total Segment Revenues	3,347.2		3,748.4		1,086.8		1,230.8
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	6.9		(79.9)		2.8		(11.2)
Net Realized Investment (Losses) Gains	(38.3)		0.4		(30.3)		(12.1)
Net Impairment Gains (Losses) Recognized in Earnings	0.1		(22.1)		(1.1)		(8.3)
Non-Core Operations	431.7		486.0		138.0		161.1
Other	9.4		16.5		3.2		1.2
Total Revenues	$	3,757.0	$	4,149.3	$	1,199.4	$	1,361.5

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

, including a reconciliation to Loss before Income Taxes, for the nine and three months ended September 30, 2023 and 2022 was:


	Nine Months Ended				Three Months Ended
(Dollars in Millions)	Sep 30, 2023		Sep 30, 2022		Sep 30, 2023		Sep 30, 2022
Segment Adjusted Operating (Loss) Income:
Specialty Property & Casualty Insurance	$	(132.9)	$	(150.4)	$	(43.2)	$	(39.2)
Life Insurance	42.4		51.5		17.5		15.6
Total Segment Adjusted Operating Loss	(90.5)		(98.9)		(25.7)		(23.6)
Corporate and Other Adjusted Operating Loss From:


Other	(41.5)		(32.2)		(13.3)		(16.6)
Corporate and Other Adjusted Operating Loss	(41.5)		(32.2)		(13.3)		(16.6)
Adjusted Consolidated Operating Loss	(132.0)		(131.1)		(39.0)		(40.2)
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	6.9		(79.9)		2.8		(11.2)
Net Realized Investment (Losses) Gains	(38.3)		0.4		(30.3)		(12.1)
Impairment Gains (Losses)	0.1		(22.1)		(1.1)		(8.3)
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs	(101.9)		(27.3)		(43.3)		(12.7)
Debt Extinguishment, Pension Settlement and Other Charges	(70.2)		(3.7)		(70.2)		—
Goodwill Impairment Charge	(49.6)		—		—		—
Non-Core Operations	(25.5)		(34.4)		(9.6)		(3.3)
Loss before Income Taxes attributable to Kemper Corporation	$	(410.5)	$	(298.1)	$	(190.7)	$	(87.8)
Loss before Income Taxes Noncontrolling Interest	(0.1)		—		(0.1)		—
Loss before Income Taxes	$	(410.6)	$	(298.1)	$	(190.8)	$	(87.8)

Note 5 - Business Segments (Continued)

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

, including a reconciliation to Net Loss, for the nine and three months ended September 30, 2023 and 2022 was:


	Nine Months Ended				Three Months Ended
(Dollars in Millions and Net of Income Taxes)	Sep 30, 2023		Sep 30, 2022		Sep 30, 2023		Sep 30, 2022
Segment Adjusted Net Operating (Loss) Income:
Specialty Property & Casualty Insurance	$	(102.4)	$	(112.3)	$	(33.2)	$	(28.7)
Life Insurance	36.8		45.8		14.7		14.0
Total Segment Adjusted Net Operating Loss	(65.6)		(66.5)		(18.5)		(14.7)
Corporate and Other Adjusted Net Operating Loss From:


Other	(32.2)		(26.4)		(9.4)		(12.3)
Total Corporate and Other Adjusted Net Operating Loss	(32.2)		(26.4)		(9.4)		(12.3)
Adjusted Consolidated Net Operating Loss	(97.8)		(92.9)		(27.9)		(27.0)
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities	5.5		(63.1)		2.3		(8.8)
Net Realized Investment (Losses) Gains	(30.3)		0.3		(22.9)		(9.6)
Impairment Gains (Losses)	0.1		(17.5)		(0.8)		(6.6)
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs	(80.5)		(32.2)		(34.2)		(20.7)
Debt Extinguishment, Pension Settlement and Other Charges	(55.5)		(2.9)		(55.5)		—
Goodwill Impairment Charge	(45.5)		—		—		—
Non-Core Operations	(19.5)		(25.0)		(7.3)		(2.1)
Net Loss attributable to Kemper Corporation	$	(323.5)	$	(233.3)	$	(146.3)	$	(74.8)
Net Loss Noncontrolling Interest	(0.1)		—		(0.1)		—
Net Loss	$	(323.6)	$	(233.3)	$	(146.4)	$	(74.8)