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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Net Income (Loss) $ 72.2 $ (146.4) $ 216.8 $ (323.6)  
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities          
Net Realized Investment (Gains) Losses     (9.2) 38.3  
Impairment Losses 2.2 1.1 3.8 (0.1)  
Depreciation and Amortization of Property, Equipment and Software     33.3 39.1  
Amortization of Intangibles Assets Acquired     7.5 11.0  
Settlement Related to Defined Benefit Pension Plan     (2.6) 70.2  
Change in Fair Value of Equity and Convertible Securities 2.3 (2.8) 0.1 (6.9)  
Goodwill Impairment     0.0 49.6  
Receivables from Policyholders     (28.4) 184.0  
Reinsurance Recoverables     4.6 11.6  
Deferred Policy Acquisition Costs     (30.3) 13.4  
Insurance Reserves     (43.1) 7.9  
Unearned Premiums     (2.9) (219.3)  
Income Taxes     42.5 27.5  
Other Assets and Liabilities     (7.5) (2.0)  
Net Cash Provided by (Used in) Operating Activities     207.8 (104.5)  
Cash Flows from Investing Activities:          
Proceeds from the Sales, Calls and Maturities of Fixed Maturities     929.2 529.8  
Proceeds from the Sales or Paydowns of Investments:          
Equity Securities     15.8 73.9  
Mortgage Loans     96.5 68.9  
Other Investments     10.9 11.2  
Purchases of Investments:          
Fixed Maturities     (792.2) (362.7)  
Equity Securities     (12.1) (40.1)  
Real Estate Investments     (0.9) (0.8)  
Mortgage Loans     (87.8) (76.6)  
Other Investments     40.7 15.9  
Net Purchases of Short-term Investments     (184.1) (136.5)  
Acquisition of Software and Long-lived Assets     (43.5) (39.1)  
Settlement Proceeds from Company-Owned Life Insurance     6.2 102.2  
Other     13.1 (9.1)  
Net Cash (Used in) Provided by Investing Activities     (89.6) 105.2  
Cash Flows from Financing Activities:          
Proceeds from Policyholder Contract Obligations     62.8 123.3  
Repayment of Policyholder Contract Obligations     (100.6) (168.4)  
Proceeds from Shares Issued under Employee Stock Purchase Plan     2.9 3.3  
Common Stock Repurchases     (25.0) 0.0  
Dividends Paid     (60.1) (59.8)  
Other     (5.4) 0.9  
Net Cash Used in Financing Activities     (125.4) (100.7)  
Net increase (decrease) in cash [1]     (7.2)   $ (100.0)
Cash, Beginning of Year [1]     64.1 212.4 212.4
Cash, End of Period [1] $ 56.9 $ 112.4 56.9 112.4 $ 64.1
Cash (paid) received during the year for:          
Interest     (52.0) (47.2)  
Taxes     (10.5) 113.5  
Operating Leases     (16.4) (19.6)  
Non-Cash Activities:          
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities     8.5 6.6  
Equity Method Limited Liability Investments          
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities          
Income (Loss) from Equity Method Investments     (24.7) 2.9  
Alternative Energy Partnership Investments          
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities          
Income (Loss) from Equity Method Investments     $ 1.5 $ 2.3  
[1]
1Includes amounts attributable to Kemper Reciprocal reported as non-controlling interest.