Business Segments (Tables)

12 Months Ended

Dec. 31, 2023

Segment, Non-Core Operations, and Corporate and Other assets at December 31, 2023 and 2022 were:


DOLLARS IN MILLIONS	2023		2022
Segment Assets:
Specialty Property & Casualty Insurance	$	6,145.9	$	6,535.3
Life Insurance	4,898.1		5,008.0
Total Segment Assets	11,044.0		11,543.3
Corporate and Other	623.7		545.4
Non-Core Operations	1,075.0		1,224.9
Total Assets	$	12,742.7	$	13,313.6

Earned Premiums by Product Line

Earned Premiums by product line for the years ended December 31, 2023, 2022 and 2021 were:


DOLLARS IN MILLIONS	2023		2022		2021
Specialty Property & Casualty Insurance:
Personal Automobile	$	2,977.8	$	3,496.7	$	3,533.7
Commercial Automobile	654.7		549.7		414.8
Life Insurance:
Life	319.2		352.8		327.2
Accident and Health	23.1		168.2		189.9
Property	45.3		50.5		61.9
Total Segment Earned Premiums	4,020.1		4,617.9		4,527.5
Non-Core Operations	509.3		595.5		651.7
Total Earned Premiums	$	4,529.4	$	5,213.4	$	5,179.2

Segment Revenues

Segment Revenues, including a reconciliation to Total Revenues, for the years ended December 31, 2023, 2022 and 2021 were:


DOLLARS IN MILLIONS	2023		2022		2021
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums	$	3,632.5	$	4,046.4	$	3,948.5
Net Investment Income	168.3		140.7		152.5
Change in Value of Alternative Energy Partnership Investments	1.6		(9.9)		(29.0)
Other Income	4.5		6.0		4.1
Total Specialty Property & Casualty Insurance	3,806.9		4,183.2		4,076.1
Life Insurance:
Earned Premiums	387.6		571.5		579.0
Net Investment Income	193.4		216.5		202.7
Change in Value of Alternative Energy Partnership Investments	0.7		(5.3)		(15.8)
Other Income	(0.2)		(0.6)		(1.3)
Total Life Insurance	581.5		782.1		764.6
Total Segment Revenues	4,388.4		4,965.3		4,840.7
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	4.7		(79.9)		114.6
Net Realized Investment (Losses) Gains	(18.6)		4.3		64.8
Net Impairment Losses Recognized in Earnings	(1.1)		(25.8)		(11.0)
Non-Core Operations	558.4		640.5		704.0
Other	12.4		19.5		5.4
Total Revenues	$	4,944.2	$	5,523.9	$	5,718.5

Segment Operating Profit

, including a reconciliation to Loss before Income Taxes attributable to Kemper Corporation, for the years ended December 31, 2023, 2022 and 2021 was:


DOLLARS IN MILLIONS	2023		2022		2021
Segment Adjusted Operating (Loss) Income:
Specialty Property & Casualty Insurance	$	(76.3)	$	(196.9)	$	(292.1)
Life Insurance	62.3		78.0		6.5
Total Segment Adjusted Operating Loss	(14.0)		(118.9)		(285.6)



Corporate and Other Adjusted Operating Loss	(55.2)		(47.7)		(48.4)
Less: Loss before Income Taxes attributable to Noncontrolling Interest	(0.3)		—		—
Adjusted Consolidated Operating Loss	(68.9)		(166.6)		(334.0)
Income (Loss) from Change in Fair Value of Equity and Convertible Securities	4.7		(79.9)		114.6
Net Realized Investment (Losses) Gains	(18.6)		4.3		64.8
Impairment Losses	(1.1)		(25.8)		(11.0)
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs	(120.3)		(62.9)		(43.9)
Debt Extinguishment, Pension Settlement, and Other Charges	(70.2)		(3.7)		—
Goodwill Impairment Charge	(49.6)		—		—
Non-Core Operations	(22.8)		(36.4)		(39.8)

Loss before Income Taxes attributable to Kemper Corporation	$	(346.8)	$	(371.0)	$	(249.3)

Segment Net Income (Loss)

, including a reconciliation to Net Loss attributable to Kemper Corporation, for the years ended December 31, 2023, 2022 and 2021 was:


DOLLARS IN MILLIONS	2023		2022		2021
Segment Adjusted Net Operating (Loss) Income:
Specialty Property & Casualty Insurance	$	(57.1)	$	(147.4)	$	(196.1)
Life Insurance	51.8		68.8		25.0
Total Segment Adjusted Net Operating Loss	(5.3)		(78.6)		(171.1)



Corporate and Other Adjusted Net Operating Loss	(42.1)		(37.8)		(38.4)
Less: Net Loss attributable to Noncontrolling Interest	(0.2)		—		—
Adjusted Consolidated Net Operating Loss	(47.2)		(116.4)		(209.5)
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities	3.7		(63.1)		90.5
Net Realized Investment (Losses) Gains	(14.7)		3.4		51.2
Impairment Losses	(0.9)		(20.4)		(8.7)
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs	(95.0)		(61.3)		(34.7)
Debt Extinguishment, Pension Settlement, and Other Charges	(55.5)		(2.9)		—
Goodwill Impairment Charges	(45.5)		—		—
Non-Core Operations	(17.0)		(25.9)		(12.5)

Net Loss Attributable to Kemper Corporation	$	(272.1)	$	(286.6)	$	(123.7)