Business Segments (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from External Customers by Products and Services

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 Ended				Nine 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 Automobile	187.7		166.4		523.5		488.4
Life Insurance:
Life	84.2		84.9		249.2		251.9
Accident and Health	5.6		5.8		16.8		17.5
Property	10.8		11.4		32.7		34.2
Total Segment Earned Premiums	1,019.6		992.5		$	2,920.3	$	3,070.5
Non-Core Operations	48.9		125.3		213.8		395.1
Total Earned Premiums	$	1,068.5	$	1,117.8	$	3,134.1	$	3,465.6

Reconciliation of Revenue from Segments to Consolidated

Segment Revenues, including a reconciliation to Total Revenues, for the three and nine months ended September 30, 2024 and 2023 were:


	Three Months Ended				Nine 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 Income	52.0		42.7		139.7		125.7
Change in Value of Alternative Energy Partnership Investments	0.2		0.5		0.8		1.3
Other Income	1.4		1.6		3.8		3.2
Total Specialty Property & Casualty Insurance	972.6		935.2		2,765.9		2,897.1
Life Insurance:
Earned Premiums	100.6		102.1		298.7		303.6
Net Investment Income	50.3		49.4		125.1		146.3
Change in Value of Alternative Energy Partnership Investments	0.2		0.2		0.4		0.6
Other Income (Loss)	—		(0.1)		0.3		(0.4)
Total Life Insurance	151.1		151.6		424.5		450.1
Total Segment Revenues	1,123.7		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 Operations	54.8		138.0		244.8		431.7
Other Income	3.8		3.2		11.3		9.4
Total Revenues	$	1,178.9	$	1,199.4	$	3,451.8	$	3,757.0

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

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 Ended				Nine 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 Insurance	18.0		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)

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

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 Ended				Nine 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 Insurance	15.0		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)