KEMPER Corp
For the period ended Mar 31, 2024. Filed May 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
KMPR$34.39+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows for the
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended | ||
|---|---|---|
| Mar 31,2024 | Mar 31,2023 | |
| Cash Flows from Operating Activities: | ||
| Net Income (Loss) | $70.2 | $(80.1) |
| Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities | ||
| Net Realized Investment Gains | (6.6) | (6.4) |
| Impairment Losses | 1.5 | (2.1) |
| Depreciation and Amortization of Property, Equipment and Software | 11.4 | 11.9 |
| Amortization of Intangibles Assets Acquired | 3.2 | 4.3 |
| Change in Accumulated Undistributed Earnings of Equity Method Limited Liability Investments | 6.0 | 0.8 |
| Income from Change in Value of Alternative Energy Partnership Investments | (0.4) | (0.7) |
| Income from Change in Value of Equity and Convertible Securities | (3.4) | (1.7) |
| Changes in: | ||
| Receivables from Policyholders | 4.4 | (57.4) |
| Reinsurance Recoverables | 1.8 | 4.1 |
| Deferred Policy Acquisition Costs | (4.2) | (15.9) |
| Insurance Reserves | (69.0) | (21.8) |
| Unearned Premiums | (24.1) | 73.6 |
| Income Taxes | 26.9 | 106.2 |
| Other Assets and Liabilities | 25.3 | (9.6) |
| Net Cash Provided by Operating Activities | 43.0 | 5.2 |
| Cash Flows from Investing Activities: | ||
| Proceeds from the Sales, Calls and Maturities of Fixed Maturities | 323.2 | 154.0 |
| Proceeds from the Sales or Paydowns of Investments: | ||
| Equity Securities | 13.4 | 19.5 |
| Mortgage Loans | 34.1 | 18.6 |
| Other Investments | 3.5 | 2.6 |
| Purchases of Investments: | ||
| Fixed Maturities | (286.9) | (293.3) |
| Equity Securities | (3.1) | (13.2) |
| Real Estate Investments | (0.2) | (0.2) |
| Mortgage Loans | (27.4) | (13.3) |
| Other Investments | (9.6) | (4.7) |
| Net Sales of Short-term Investments | 2.4 | 0.7 |
| Acquisition of Software and Long-lived Assets | (15.3) | (10.0) |
| Settlement Proceeds from Company-Owned Life Insurance | 4.9 | — |
| Other | 0.3 | 1.1 |
| Net Cash Provided by (Used in) Investing Activities | 39.3 | (138.2) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)
| Three Months Ended | ||
|---|---|---|
| Mar 31,2024 | Mar 31,2023 | |
| Net Cash Provided by (Used in) Investing Activities (Carryforward from page 8) | 39.3 | (138.2) |
| Cash Flows from Financing Activities: | ||
| Proceeds from Policyholder Contract Obligations | 25.5 | 89.3 |
| Repayment of Policyholder Contract Obligations | (20.6) | (90.0) |
| Proceeds from Shares Issued under Employee Stock Purchase Plan | 0.9 | 1.0 |
| Dividends Paid | (19.5) | (19.4) |
| Other | (6.0) | 0.3 |
| Net Cash Used in Financing Activities | (19.7) | (18.8) |
| Net increase (decrease) in cash1 | 62.6 | (151.8) |
| Cash, Beginning of Year1 | 64.1 | 212.4 |
| Cash, End of Period1 | $126.7 | $60.6 |
| 1Includes amounts attributable to Kemper Reciprocal reported as non-controlling interest. | ||
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
| Three Months Ended | ||
|---|---|---|
| Mar 31,2024 | Mar 31,2023 | |
| Cash (paid) received during the year for: | ||
| Interest | $(20.0) | $(24.8) |
| Taxes | 10.4 | 124.7 |
| Operating Leases | (5.7) | (6.1) |
| Non-Cash Activities: | ||
| Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities | $0.9 | $1.4 |
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