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Deferred Policy Acquisition Costs (Tables)
 12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Policy Acquisition Costs
The following table presents the balances and changes in Deferred Policy Acquisition Costs for the Specialty Property and Casualty Insurance segment, Life Insurance segment, and Non-Core Operations business for the years ended December 31, 2024, 2023 and 2022:
DOLLARS IN MILLIONS
Specialty
Life
Segment Total
Non-Core Operations
Total
Balance, January 1, 2022
$219.0 $419.8 $638.8 $49.2 $688.0 
Capitalizations1
543.4 27.0 570.4 82.4 652.8 
Amortization Expense2
(569.7)(42.0)(611.7)(93.5)(705.2)
Balance, December 31, 2022
$192.7 $404.8 $597.5 $38.1 $635.6 
Capitalizations446.3 62.1 508.4 54.9 563.3 
Amortization Expense2
(496.4)(39.9)(536.3)(71.0)(607.3)
Balance, December 31, 2023
$142.6 $427.0 $569.6 $22.0 $591.6 
Capitalizations494.3 68.7 563.0 13.4 576.4 
Amortization Expense2
(474.1)(32.6)(506.7)(31.3)(538.0)
Balance, December 31, 20243
$162.8 $463.1 $625.9 $4.1 $630.0 
1 Capitalizations for the Life Insurance segment includes a reduction of $38.7 million related to divested business.
2 The Life Insurance segment includes increases to amortization expense related to experience adjustments of $7.4 million, $15.6 million, and $8.7 million for the years ended December 31, 2024, 2023, and 2022, respectively.
3 Includes $1.1 million attributable to Kemper Reciprocal as of December 31, 2024, which is reported as a consolidated variable interest entity.