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Deferred Policy Acquisition Costs (Tables)
 3 Months Ended
Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Policy Acquisition Costs
The following tables present 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 three months ended March 31, 2025 and 2024:
(Dollars in Millions)
Specialty
Life
Segment Total
Non-Core Operations
Total
Balance, December 31, 20241
$162.8 $463.1 $625.9 $4.1 $630.0 
Capitalizations143.0 14.9 157.9 1.7 159.6 
Amortization Expense2
(128.9)(7.1)(136.0)(2.4)(138.4)
Balance, March 31, 20251
$176.9 $470.9 $647.8 $3.4 $651.2 
1 Includes $1.5 million and $1.1 million attributable to Kemper Reciprocal as of March 31, 2025 and December 31, 2024, respectively, which is reported as a consolidated variable interest entity.
2 The Life Insurance segment includes increases to amortization expense related to experience adjustments of $0.9 million for the three months ended March 31, 2025.

(Dollars in Millions)
Specialty
Life
Segment Total
Non-Core Operations
Total
Balance, December 31, 20231
$142.7 $427.0 $569.7 $22.0 $591.7 
Capitalizations112.9 16.8 129.7 6.9 136.6 
Amortization Expense2
(112.0)(7.7)(119.7)(12.7)(132.4)
Balance, March 31, 20241
$143.6 $436.1 $579.7 $16.2 $595.9 
1 Includes $0.6 million and $0.1 million attributable to Kemper Reciprocal as of March 31, 2024 and December 31, 2023, respectively, which is reported as a consolidated variable interest entity.
2 The Life Insurance segment includes increases to amortization expense related to experience adjustments of $1.4 million for the three months ended March 31, 2024.