Property and Casualty Insurance Reserves (Tables)

12 Months Ended

Dec. 31, 2024

Liability for Future Policy Benefits and Unpaid Claims and Claims Adjustment Expense [Abstract]

Short-duration Insurance Contracts, Claims Development

NOTE 6. PROPERTY AND CASUALTY INSURANCE RESERVES (Continued)

Specialty Personal Automobile Insurance—Liability1

DOLLARS IN MILLIONS, EXCEPT CUMULATIVE INCURRED CLAIMS											As of December 31, 2024
	Incurred Losses and Allocated LAE, Net of Reinsurance For the Years Ended December 31,										Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
Accident Year	2020		2021		2022		2023		2024
2020	$	1,401.2	$	1,406.4	$	1,407.8	$	1,415.9	$	1,417.8	$	20.1	476,106
2021			1,856.9		1,824.7		1,844.2		1,861.0		52.8		586,566
2022					1,765.9		1,848.7		1,880.7		98.0		475,177
2023							1,448.7		1,391.7		150.5		304,878
2024									1,224.4		506.0		216,146
Total									7,775.6
	Cumulative Paid Losses and Allocated LAE, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2020		2021		2022		2023		2024
2020	$	555.2	$	1,107.6	$	1,287.8	$	1,350.0	$	1,381.3
2021			657.1		1,429.4		1,680.8		1,767.5
2022					738.2		1,463.3		1,700.4
2023							580.4		1,092.8
2024									422.6
Total									6,364.6
Outstanding Loss and Allocated LAE Reserves on Accident Years before 2020, Net of Reinsurance									38.7
Loss and Allocated LAE Reserves, Net of Reinsurance									$	1,449.7

1 Tables retrospectively include American Access Casualty Company’s (“AAC”) historical incurred and paid accident year claim information for all periods presented.

NOTE 6. PROPERTY AND CASUALTY INSURANCE RESERVES (Continued)

Specialty Personal Automobile Insurance—Physical Damage1

DOLLARS IN MILLIONS, EXCEPT CUMULATIVE INCURRED CLAIMS											As of December 31, 2024
	Incurred Losses and Allocated LAE, Net of Reinsurance For the Years Ended December 31,										Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
Accident Year	2020		2021		2022		2023		2024
2020	$	650.5	$	659.5	$	659.5	$	659.0	$	659.7	$	(0.1)	296,478
2021			958.0		967.5		967.2		967.4		(0.1)		361,993
2022					993.5		989.5		990.0		(1.7)		309,091
2023							722.6		715.8		(5.9)		206,366
2024									500.8		7.1		136,921
Total									3,833.7
	Cumulative Paid Losses and Allocated LAE, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2020		2021		2022		2023		2024
2020	$	585.5	$	663.8	$	659.7	$	658.8	$	659.4
2021			890.1		977.5		968.3		967.2
2022					921.9		997.8		990.5
2023							699.2		720.7
2024									466.7
Total									3,804.5
Outstanding Loss and Allocated LAE Reserves on Accident Years before 2020, Net of Reinsurance									(2.8)
Loss and Allocated LAE Reserves, Net of Reinsurance									$	26.4

1 Tables retrospectively include AAC’s historical incurred and paid accident year claim information for all periods presented.

NOTE 6. PROPERTY AND CASUALTY INSURANCE RESERVES (Continued)

Commercial Automobile Insurance—Liability

DOLLARS IN MILLIONS, EXCEPT CUMULATIVE INCURRED CLAIMS											As of December 31, 2024
	Incurred Losses and Allocated LAE, Net of Reinsurance For the Years Ended December 31,										Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
Accident Year	2020		2021		2022		2023		2024
2020	$	140.5	$	152.0	$	154.0	$	155.6	$	159.7	$	4.1	19,662
2021			225.6		228.6		240.4		250.4		13.9		27,486
2022					305.1		309.1		317.9		34.8		32,476
2023							379.9		361.7		87.1		35,327
2024									406.6		249.0		29,666
Total									1,496.3
	Cumulative Paid Losses and Allocated LAE, Net of Reinsurance and Indemnification
	For the Years Ended December 31,
Accident Year	2020		2021		2022		2023		2024
2020	$	37.0	$	87.6	$	111.7	$	129.7	$	144.5
2021			50.8		128.0		168.6		208.3
2022					72.2		159.0		222.1
2023							87.5		189.6
2024									69.1
Total									833.6
Outstanding Loss and Allocated LAE Reserves on Accident Years before 2020, Net of Reinsurance									9.7
Loss and Allocated LAE Reserves, Net of Reinsurance									$	672.4

NOTE 6. PROPERTY AND CASUALTY INSURANCE RESERVES (Continued)

Commercial Automobile Insurance—Physical Damage

DOLLARS IN MILLIONS, EXCEPT CUMULATIVE INCURRED CLAIMS											As of December 31, 2024
	Incurred Losses and Allocated LAE, Net of Reinsurance For the Years Ended December 31,										Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
Accident Year	2020		2021		2022		2023		2024
2020	$	31.9	$	32.2	$	32.1	$	32.1	$	32.3	$	0.1	11,041
2021			52.4		51.9		51.6		51.8		0.3		17,703
2022					74.5		74.7		74.8		0.5		21,567
2023							90.0		87.5		0.2		20,202
2024									81.6		7.7		16,312
Total									328.0
	Cumulative Paid Losses and Allocated LAE, Net of Reinsurance and Indemnification
	For the Years Ended December 31,
Accident Year	2020		2021		2022		2023		2024
2020	$	26.2	$	31.9	$	32.0	$	32.0	$	32.1
2021			43.3		51.9		51.4		51.5
2022					66.8		74.6		74.2
2023							80.6		86.9
2024									66.1
Total									310.8
Outstanding Loss and Allocated LAE Reserves on Accident Years before 2020, Net of Reinsurance									(0.1)
Loss and Allocated LAE Reserves, Net of Reinsurance									$	17.1

NOTE 6. PROPERTY AND CASUALTY INSURANCE RESERVES (Continued)

Non-Core Personal Automobile Insurance—Liability

DOLLARS IN MILLIONS, EXCEPT CUMULATIVE INCURRED CLAIMS											As of December 31, 2024
	Incurred Losses and Allocated LAE, Net of Reinsurance For the Years Ended December 31,										Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
Accident Year	2020		2021		2022		2023		2024
2020	$	148.9	$	153.6	$	151.8	$	158.8	$	158.4	$	1.3	24,701
2021			176.9		179.8		180.6		182.0		3.7		27,243
2022					165.0		172.4		173.5		8.6		24,246
2023							135.0		137.5		17.6		16,796
2024									58.7		19.8		6,666
Total									710.1
	Cumulative Paid Losses and Allocated LAE, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2020		2021		2022		2023		2024
2020	$	44.4	$	92.8	$	117.7	$	141.4	$	149.8
2021			50.3		106.1		144.1		161.9
2022					55.0		111.0		139.1
2023							43.7		84.6
2024									19.6
Total									555.0
Outstanding Loss and Allocated LAE Reserves on Accident Years before 2020, Net of Reinsurance									4.5
Loss and Allocated LAE Reserves, Net of Reinsurance									$	159.6

NOTE 6. PROPERTY AND CASUALTY INSURANCE RESERVES (Continued)

Non-Core Personal Automobile Insurance—Physical Damage

DOLLARS IN MILLIONS, EXCEPT CUMULATIVE INCURRED CLAIMS											As of December 31, 2024
	Incurred Losses and Allocated LAE, Net of Reinsurance For the Years Ended December 31,										Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
Accident Year	2020		2021		2022		2023		2024
2020	$	96.1	$	98.0	$	97.9	$	97.5	$	97.5	$	—	47,591
2021			118.5		117.9		117.1		117.1		—		53,490
2022					110.9		113.5		113.6		(0.2)		48,160
2023							86.6		84.7		(0.7)		33,951
2024									31.7		(1.2)		12,556
Total									444.6
	Cumulative Paid Losses and Allocated LAE, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2020		2021		2022		2023		2024
2020	$	90.9	$	98.4	$	97.6	$	97.5	$	97.5
2021			113.1		118.1		117.2		117.1
2022					108.7		114.6		113.7
2023							84.8		85.4
2024									32.1
Total									445.8
Outstanding Loss and Allocated LAE Reserves on Accident Years before 2020, Net of Reinsurance									—
Loss and Allocated LAE Reserves, Net of Reinsurance									$	(1.2)

NOTE 6. PROPERTY AND CASUALTY INSURANCE RESERVES (Continued)

Non-Core Homeowners Insurance

DOLLARS IN MILLIONS, EXCEPT CUMULATIVE INCURRED CLAIMS											As of December 31, 2024
	Incurred Losses and Allocated LAE, Net of Reinsurance For the Years Ended December 31,										Total of IBNR Liabilities Plus Expected Development on Reported Claims		Cumulative Number of Reported Claims
Accident Year	2020		2021		2022		2023		2024
2020	$	157.0	$	149.8	$	144.6	$	141.2	$	141.8	$	0.2	14,102
2021			149.9		149.8		143.9		144.3		0.5		13,555
2022					142.7		152.7		155.2		1.1		11,526
2023							126.6		135.3		1.6		9,919
2024									80.6		7.2		4,153
Total									657.2
	Cumulative Paid Losses and Allocated LAE, Net of Reinsurance
	For the Years Ended December 31,
Accident Year	2020		2021		2022		2023		2024
2020	$	94.6	$	130.8	$	137.4	$	139.8	$	140.8
2021			100.6		132.6		139.7		141.3
2022					97.0		141.2		149.3
2023							84.7		127.8
2024									59.2
Total									618.4
Outstanding Loss and Allocated LAE Reserves on Accident Years before 2020, Net of Reinsurance									0.8
Loss and Allocated LAE Reserves, Net of Reinsurance									$	39.6

Short-duration Insurance Contracts, Reconciliation of Claims Development to Liability

The following table reconciles the net incurred and paid claims development tables presented above to the Company's liability for Property and Casualty Insurance Reserves included in the Consolidated Balance Sheets at December 31, 2024.

DOLLARS IN MILLIONS	2024
Property and Casualty Insurance Reserves, Net of Reinsurance:
Specialty Personal Automobile Insurance—Liability1	$	1,449.7
Specialty Personal Automobile Insurance—Physical Damage1	26.4
Commercial Automobile Insurance—Liability	672.4
Commercial Automobile Insurance—Physical Damage	17.1
Non-Core Personal Automobile Insurance—Liability	159.6
Non-Core Personal Automobile Insurance—Physical Damage	(1.2)
Non-Core Homeowners Insurance	39.6
Other	35.8
Total	$	2,399.4
Reinsurance Recoverables on Unpaid Losses and Allocated LAE:
Specialty Personal Automobile Insurance—Liability	$	5.7
Non-Core Preferred Personal Automobile Insurance—Liability	16.9
Non-Core Homeowners Insurance	—
Other	1.7
Total	24.3
Unallocated LAE	197.6
Property and Casualty Insurance Reserves, Gross of Reinsurance1	$	2,621.3
1Includes $8.8 million and $0.6 million of Specialty Personal Automobile Liability and Physical Damage Insurance Reserves, respectively, related to Kemper Reciprocal, which is reported as a consolidated variable interest entity.

Short-duration Insurance Contracts, Schedule of Historical Claims Duration

The following is supplementary information about average historical claims duration as of December 31, 2024.

Average Annual Percentage Payout of Incurred Claims by Age, Net of Reinsurance (Unaudited)
Years	1		2		3		4		5
Specialty Personal Automobile Insurance—Liability	38.0	%	77.8	%	90.5	%	95.1	%	97.4	%
Specialty Personal Automobile Insurance—Physical Damage	93.0		100.0		100.0		100.0		100.0
Commercial Automobile Insurance—Liability	21.5		52.1		69.1		82.2		90.5
Commercial Automobile Insurance—Physical Damage	85.4		100.0		100.0		100.0		100.0
Non-Core Preferred Personal Automobile Insurance—Liability	30.5		60.6		77.9		89.1		94.6
Non-Core Preferred Personal Automobile Insurance—Physical Damage	97.4		100.0		100.0		100.0		100.0
Non-Core Homeowners Insurance	67.0		92.4		96.6		98.3		99.3

Premium Receivable, Allowance for Credit Loss

The following tables present the balances of Receivables from Policyholders, net of the allowance for expected credit losses, as of December 31, 2024 and 2023, and a roll forward of changes in the allowance for expected credit losses for the years ended December 31, 2024 and 2023.

	Year Ended December 31, 2024
(Dollars in Millions)	Specialty		Life		Total Segments		Non-Core Operations		Total Allowance for Expected Credit Losses
Balance at Beginning of Year	$	12.9	$	—	$	12.9	$	1.0	$	13.9
Provision for Expected Credit Losses	38.9		0.3		39.2		0.4		39.6
Write-offs of Uncollectible Receivables from Policyholders	(49.2)		(0.3)		(49.5)		(1.1)		(50.6)
Balance at End of Year	$	2.6	$	—	$	2.6	$	0.3	$	2.9
Receivable Balance at End of Year1	$	962.8	$	11.1	$	973.9	$	12.2	$	986.1
1Specialty, Total Segments, and Total includes $8.2 million attributable to Kemper Reciprocal, which is reported as a consolidated variable interest entity.

NOTE 9 - RECEIVABLES FROM POLICYHOLDERS - ALLOWANCE FOR EXPECTED CREDIT LOSSES (Continued)

	Year Ended December 31, 2023
(Dollars in Millions)	Specialty		Life		Total Segments		Non-Core Operations		Total Allowance for Expected Credit Losses
Balance at Beginning of Year	$	12.3	$	—	$	12.3	$	0.8	$	13.1
Provision for Expected Credit Losses	39.3		0.5		39.8		1.8		41.6
Write-offs of Uncollectible Receivables from Policyholders	(38.7)		(0.5)		(39.2)		(1.6)		(40.8)
Balance at End of Year	$	12.9	$	—	$	12.9	$	1.0	$	13.9
Receivable Balance at End of Year1	$	875.4	$	11.3	$	886.7	$	73.5	$	960.2
1Specialty, Total Segments, and Total includes $0.7 million attributable to Kemper Reciprocal, which is reported as a consolidated variable interest entity.