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Business Segments
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Business Segments Business Segments
The Company is engaged, through its subsidiaries, in the property and casualty insurance and life and health insurance businesses. The Company conducts its operations through two operating segments: Specialty Property & Casualty Insurance and Life Insurance.
The Specialty Property & Casualty Insurance segment’s principal products are specialty personal automobile and commercial automobile insurance. These products are distributed primarily through independent agents and brokers. The Life Insurance segment’s principal products are individual life, accident, supplemental health and property insurance. Career agents employed by the Company distribute these products. Corporate and Other operations include interest expense, board of directors’ fees, and general corporate expenses incurred by the Company which are not allocated to other businesses. Non-Core Operations includes the results of our Preferred Insurance business which we expect to fully exit.
Segment Adjusted Operating Income (Loss)
The Company analyzes the operating performance of each segment using segment adjusted operating income (loss). Segment adjusted operating income (loss) does not equate to “income (loss) before income taxes” or “net income (loss)” as determined in accordance with U.S. GAAP but is the measure of segment profit or loss used by the Company’s Chief Operating Decision Maker (“CODM”) to evaluate segment performance and allocate resources, and consistent with authoritative guidance, is the measure of segment performance presented below. Segment adjusted operating income (loss) is calculated by adjusting each segment’s income (loss) before income taxes for the following items:
(i) Change in Fair Value of Equity and Convertible Securities;
(ii) Net Realized Investment Gains (Losses);
(iii) Impairment Losses;
(iv) Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs;
(v) Debt Extinguishment, Pension Settlement and Other Charges;
(vi) Goodwill Impairment Charge;
(vii) Non-Core Operations; and
(viii) Significant non-recurring or infrequent items that may not be indicative of ongoing operations
These items are important to an understanding of overall results of operations. Segment adjusted operating income (loss) is not a substitute for income determined in accordance with U.S. GAAP, and the Company’s definition of segment adjusted operating income (loss) may differ from that used by other companies. The Company, however, believes that the presentation of segment adjusted operating income (loss), as measured for management purposes, enhances the understanding of results of operations by highlighting the underlying profitability factors of its businesses.
Earned Premiums by product line, including a reconciliation to Total Earned Premiums, for the three and nine months ended September 30, 2024 and 2023 were:
 Three Months EndedNine Months Ended
(Dollars in Millions)Sep 30,
2024		Sep 30,
2023		Sep 30,
2024		Sep 30,
2023
Specialty Property & Casualty Insurance:
Personal Automobile$731.3 $724.0 $2,098.1 $2,278.5 
Commercial Automobile187.7 166.4 523.5 488.4 
Life Insurance:
Life84.2 84.9 249.2 251.9 
Accident and Health5.6 5.8 16.8 17.5 
Property10.8 11.4 32.7 34.2 
Total Segment Earned Premiums1,019.6 992.5 $2,920.3 $3,070.5 
Non-Core Operations48.9 125.3 213.8 395.1 
Total Earned Premiums$1,068.5 $1,117.8 $3,134.1 $3,465.6 
Note 3 - Business Segments (Continued)
Segment Revenues, including a reconciliation to Total Revenues, for the three and nine months ended September 30, 2024 and 2023 were:
 Three Months EndedNine Months Ended
(Dollars in Millions)Sep 30,
2024		Sep 30,
2023		Sep 30,
2024		Sep 30,
2023
Segment Revenues:
Specialty Property & Casualty Insurance:
Earned Premiums$919.0 $890.4 $2,621.6 $2,766.9 
Net Investment Income52.0 42.7 139.7 125.7 
Change in Value of Alternative Energy Partnership Investments0.2 0.5 0.8 1.3 
Other Income1.4 1.6 3.8 3.2 
Total Specialty Property & Casualty Insurance972.6 935.2 2,765.9 2,897.1 
Life Insurance:
Earned Premiums100.6 102.1 298.7 303.6 
Net Investment Income50.3 49.4 125.1 146.3 
Change in Value of Alternative Energy Partnership Investments0.2 0.2 0.4 0.6 
Other Income (Loss)— (0.1)0.3 (0.4)
Total Life Insurance151.1 151.6 424.5 450.1 
Total Segment Revenues1,123.7 1,086.8 3,190.4 3,347.2 
Change in Fair Value of Equity and Convertible Securities(2.3)2.8 (0.1)6.9 
Net Realized Investment Gains (Losses)1.1 (30.3)9.2 (38.3)
Impairment Losses(2.2)(1.1)(3.8)0.1 
Non-Core Operations54.8 138.0 244.8 431.7 
Other Income3.8 3.2 11.3 9.4 
Total Revenues$1,178.9 $1,199.4 $3,451.8 $3,757.0 
Note 3 - Business Segments (Continued)
Adjusted Consolidated Operating Income (Loss), including a reconciliation to Income (Loss) before Income Taxes attributable to Kemper Corporation, for the three and nine months ended September 30, 2024 and 2023 was:
 Three Months EndedNine Months Ended
(Dollars in Millions)Sep 30,
2024		Sep 30,
2023		Sep 30,
2024		Sep 30,
2023
Segment Adjusted Operating Income (Loss):
Specialty Property & Casualty Insurance$129.8 $(43.2)$344.2 $(132.9)
Life Insurance18.0 17.5 30.6 42.4 
Total Segment Adjusted Operating Income (Loss)
147.8 (25.7)374.8 (90.5)
Corporate and Other Adjusted Operating Loss
(17.2)(13.3)(46.5)(41.5)
Less: Loss before Income Taxes attributable to Noncontrolling Interest(1.8)(0.1)(4.5)(0.1)
Adjusted Consolidated Operating Income (Loss)
132.4 (38.9)332.8 (131.9)
Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities(2.3)2.8 (0.1)6.9 
Net Realized Investment Gains (Losses)1.1 (30.3)9.2 (38.3)
Impairment Losses(2.2)(1.1)(3.8)0.1 
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs(11.5)(43.4)(30.8)(102.0)
Debt Extinguishment, Pension Settlement and Other Charges(2.8)(70.2)(0.1)(70.2)
Goodwill Impairment Charge— — — (49.6)
Non-Core Operations(22.2)(9.6)(33.5)(25.5)
Income (Loss) before Income Taxes attributable to Kemper Corporation
$92.5 $(190.7)$273.7 $(410.5)
Note 3 - Business Segments (Continued)
Adjusted Consolidated Net Operating Income (Loss), including a reconciliation to Net Income (Loss) attributable to Kemper Corporation, for the three and nine months ended September 30, 2024 and 2023 was:
 Three Months EndedNine Months Ended
(Dollars in Millions and Net of Income Taxes)Sep 30,
2024		Sep 30,
2023		Sep 30,
2024		Sep 30,
2023
Segment Adjusted Net Operating Income (Loss):
Specialty Property & Casualty Insurance$103.6 $(33.2)$275.1 $(102.4)
Life Insurance15.0 14.7 26.7 36.8 
Total Segment Adjusted Net Operating Income (Loss)
118.6 (18.5)301.8 (65.6)
Corporate and Other Adjusted Net Operating Loss(15.1)(9.4)(39.0)(32.2)
Less: Net Loss attributable to Noncontrolling Interest(1.5)(0.1)(3.6)(0.1)
Adjusted Consolidated Net Operating Income (Loss)
105.0 (27.8)266.4 (97.7)
Net Income (Loss) From:
Change in Fair Value of Equity and Convertible Securities(1.8)2.3 (0.1)5.5 
Net Realized Investment Gains (Losses)0.9 (22.9)7.3 (30.3)
Impairment Losses(1.7)(0.8)(3.0)0.1 
Acquisition and Disposition Related Transaction, Integration, Restructuring and Other Costs(9.1)(34.3)(24.3)(80.6)
Debt Extinguishment, Pension Settlement and Other Charges(2.2)(55.5)(0.1)(55.5)
Goodwill Impairment Charge— — — (45.5)
Non-Core Operations(17.4)(7.3)(25.8)(19.5)
Net Income (Loss) attributable to Kemper Corporation
$73.7 $(146.3)$220.4 $(323.5)