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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net Income (Loss) $ 312.5 $ (272.3) $ (286.6)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities:      
Net Realized Gain on Sale of Investments (13.2) 18.6 (4.3)
Impairment Losses 5.8 1.1 25.8
Depreciation and Amortization of Property, Equipment, Software and Intangible Assets Acquired 53.7 58.6 70.9
Settlement Costs Related to Defined Benefit Pension Plan (2.6) 70.2 0.0
Loss from Early Extinguishment of Debt 0.0 0.0 3.7
Equity Securities, FV-NI, Gain (Loss) 2.7 (4.7) 79.9
Goodwill Impairment 0.0 49.6 0.0
Pension Plan assets reverted to the Company 13.1 0.0 0.0
Changes in:      
Receivables from Policyholders (25.9) 326.4 129.4
Reinsurance Recoverables 7.0 12.1 (1.9)
Deferred Policy Acquisition Costs (38.3) 43.9 14.2
Insurance Reserves (2.3) (30.8) 26.5
Unearned Premiums (26.0) (403.1) (183.5)
Income Taxes 65.3 33.2 (83.6)
Other 2.3 (33.0) (11.2)
Net Cash Provided by (Used in) Operating Activities 382.9 (134.2) (210.3)
Cash Flows from Investing Activities:      
Proceeds from the Sales, Calls and Maturities of Fixed Maturities 1,316.5 673.0 1,295.5
Equity Securities 37.8 149.0 536.0
Real Estate Investments 3.7 0.0 0.0
Mortgage Loans 121.6 95.2 91.3
Other Investments 21.8 18.3 52.1
Fixed Maturities (1,012.5) (447.4) (1,815.8)
Equity Securities (19.4) (44.4) (58.9)
Real Estate Investments (1.6) (1.0) (3.1)
Corporate-Owned Life Insurance (3.5) 0.0 (110.0)
Mortgage Loans (109.7) (104.1) (81.1)
Other Investments (51.2) (19.8) (13.0)
Net (Purchases) Sales of Short-term Investments (521.0) (238.4) 6.1
Sale of Reserve National, Net of Cash Disposed 0.0 0.0 14.8
Acquisition of Software and Long-lived Assets (53.2) (53.8) (30.8)
Settlement Proceeds from Company-Owned Life Insurance 13.5 102.2 0.0
Other 12.8 (20.9) 8.5
Net Cash (Used in) Provided by Investing Activities (244.4) 107.9 (108.4)
Cash Flows from Financing Activities:      
Repayments of Long-term Debt 0.0 0.0 (280.0)
Proceeds from Issuance of 5.875% Fixed-Rate Reset Junior Subordinated Debentures Due 2062 0.0 0.0 145.6
Proceeds from Policyholder Contract Obligations 102.2 123.3 335.5
Repayment of Policyholder Contract Obligations (120.6) (169.0) (138.2)
Proceeds from Shares Issued under Employee Stock Purchase Plan 3.8 4.3 4.9
Common Stock Repurchases (38.9) 0.0 0.0
Dividends Paid (80.1) (80.1) (79.7)
Other (3.6) (0.5) 0.6
Net Cash (Used in) Provided by Financing Activities (137.2) (122.0) 382.9
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total [1] 1.3 (148.3) 64.2
Cash, Beginning of Year1 [1] 64.1 212.4 148.2
Cash, End of Year1 [1] 65.4 64.1 212.4
Cash (paid) received during the year for:      
Interest (54.5) (54.5) (51.5)
Income taxes paid (11.2) 106.7 (0.7)
Operating Leases (21.6) (25.4) (24.0)
Non-Cash Activities:      
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 9.5 13.8 9.7
Real estate acquired via mortgage loan foreclosure 10.9 0.0 0.0
Equity Method Limited Liability Investments      
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities:      
Change in Value of Alternative Energy Partnership Investments 31.1 (1.1) (9.5)
Alternative Energy Partnership Investments      
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities:      
Change in Value of Alternative Energy Partnership Investments (2.3) (2.9) 19.9
Senior Notes, 3.800 Percent Due February 23, 2032      
Cash Flows from Financing Activities:      
Proceeds from Issuance of 3.800% Senior Notes due February 23, 2032 0.0 0.0 396.3
Issue Fess 0.0 0.0 (1.2)
5.875% Fixed-Rate Reset Junior Subordinated Debentures due 2062      
Cash Flows from Financing Activities:      
Issue Fess $ 0.0 $ 0.0 $ (0.9)
[1]
1Includes amounts attributable to Kemper Reciprocal reported as non-controlling interest.