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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Jun. 30, 2023
Net Income (Loss) $ 70.2 $ (80.1)  
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities      
Net Realized Investment Gains (6.6) (6.4)  
Gain (Loss) On Asset Impairment Charges 1.5 (2.1)  
Depreciation and Amortization of Property, Equipment and Software 11.4 11.9  
Amortization of Intangibles Assets Acquired 3.2 4.3  
Income from Change in Value of Equity and Convertible Securities (3.4) (1.7)  
Receivables from Policyholders 4.4 (57.4)  
Reinsurance Recoverables 1.8 4.1  
Deferred Policy Acquisition Costs (4.2) (15.9)  
Insurance Reserves (69.0) (21.8)  
Unearned Premiums (24.1) 73.6  
Income Taxes 26.9 106.2  
Other Assets and Liabilities 25.3 (9.6)  
Net Cash Provided by Operating Activities 43.0 5.2  
Cash Flows from Investing Activities:      
Proceeds from the Sales, Calls and Maturities of Fixed Maturities 323.2 154.0  
Proceeds from the Sales or Paydowns of Investments:      
Equity Securities 13.4 19.5  
Mortgage Loans 34.1 18.6  
Other Investments 3.5 2.6  
Purchases of Investments:      
Fixed Maturities (286.9) (293.3)  
Equity Securities (3.1) (13.2)  
Real Estate Investments (0.2) (0.2)  
Mortgage Loans (27.4) (13.3)  
Other Investments 9.6 4.7  
Net Sales of Short-term Investments 2.4 0.7  
Acquisition of Software and Long-lived Assets (15.3) (10.0)  
Settlement Proceeds from Company-Owned Life Insurance 4.9 0.0  
Other 0.3 1.1  
Net Cash Provided by (Used in) Investing Activities 39.3 (138.2)  
Cash Flows from Financing Activities:      
Proceeds from Policyholder Contract Obligations 25.5 89.3  
Repayment of Policyholder Contract Obligations (20.6) (90.0)  
Proceeds from Shares Issued under Employee Stock Purchase Plan 0.9 1.0  
Dividends Paid (19.5) (19.4)  
Other (6.0) 0.3  
Net Cash Used in Financing Activities (19.7) (18.8)  
Net increase (decrease) in cash [1] 62.6   $ (151.8)
Cash, Beginning of Year [1] 64.1 212.4 $ 212.4
Cash, End of Period [1] 126.7 60.6  
Cash (paid) received during the year for:      
Interest (20.0) (24.8)  
Taxes (10.4) (124.7)  
Operating Leases (5.7) (6.1)  
Non-Cash Activities:      
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 0.9 1.4  
Equity Method Limited Liability Investments      
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities      
Income from Change in Value of Alternative Energy Partnership Investments (6.0) (0.8)  
Alternative Energy Partnership Investments      
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities      
Income from Change in Value of Alternative Energy Partnership Investments $ 0.4 $ 0.7  
[1]
1Includes amounts attributable to Kemper Reciprocal reported as non-controlling interest.