Leases (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Lease, Cost

The following table presents operating lease right-of-use assets and lease liabilities.

(Dollars in Millions)	Dec 31, 2024		Dec 31, 2023
Operating Lease Right-of-Use Assets	$	33.9	$	38.4
Operating Lease Liabilities	51.6		62.3

Lease expenses are included in Insurance and Other Expenses in the Consolidated Statements of Income (Loss). Additional information regarding the Company’s operating leases for the year ended December 31, 2024 and 2023 is presented below.

(Dollars in Millions)	2024		2023
Lease Cost:
Operating Lease Cost	$	15.5	$	15.7
Variable Lease Cost	4.7		3.2
Short-Term Lease Cost1	1.1		0.3
Total Lease Cost	$	21.3	$	19.2

1 Leases with an initial term of twelve months or less are not recorded on the Consolidated Balance Sheets.

	2024		2023
Weighted-average Remaining Lease Term - Operating Leases	4.5 years		5.5 years
Weighted-average Discount Rate - Operating Leases	4.5	%	4.3	%

DOLLARS IN MILLIONS	2024		2023
Operating Lease Right-of-Use Assets	$	7.2	$	7.7
Operating Lease Liabilities	21.3		23.3

Supplemental cash flow information related to Kemper’s operating leases for the year-ended December 31, 2024 and December 31, 2023 respectively are presented follows.

DOLLARS IN MILLIONS	2024		2023
Operating Cash Flows from Operating Leases (Fixed Payments)	$	3.0	$	5.8
Operating Cash Flows from Operating Leases (Liability Reduction)	2.1		4.8

Significant judgments and assumptions for determining lease asset and liability as December 31, 2024 and December 31, 2023 respectively are presented below.

DOLLARS IN MILLIONS	2024		2023
Weighted-average Remaining Lease Term - Operating Leases	9.0 years		10.0 years
Weighted-average Discount Rate - Operating Leases	4.0	%	4.1	%

Schedule of Future Minimum Lease Payments for Operating Leases

Future minimum lease payments under operating leases at December 31, 2024 are presented below.

(Dollars in Millions)
2025	$	18.2
2026	11.3
2027	9.9
2028	7.1
2029	5.4
2030 and Thereafter	12.9
Total Future Payments	$	64.8
Less: Discount	13.2
Present Value of Minimum Lease Payments	$	51.6

Future minimum operating lease payments at December 31, 2024 were:

DOLLARS IN MILLIONS	Operating Leases
2025	$	2.6
2026	2.6
2027	2.7
2028	2.8
2029	2.8
2030 and Thereafter	12.1
Total Future Payments	$	25.6
Less Discount	4.3
Present Value of Minimum Lease Payments	$	21.3