KEMPER Corp
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 2024
KMPR$33.15-0.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| Sep 30, 2024 | Sep 30, 2023 | Sep 30,2024 | Sep 30, 2023 | |
| Revenues: | ||||
| Earned Premiums (Changes in Deferred Profit Liability for the Three Months Ended: 2024 - $16.4; 2023 - $15.9 and Nine Months Ended: 2024 - $52.8; 2023 - $51.6) | $1,068.5 | $1,117.8 | $3,134.1 | $3,465.6 |
| Net Investment Income | 111.1 | 107.0 | 304.5 | 315.1 |
| Change in Value of Alternative Energy Partnership Investments | 0.5 | 0.8 | 1.5 | 2.3 |
| Other Income | 2.2 | 2.4 | 6.4 | 5.3 |
| Change in Fair Value of Equity and Convertible Securities | (2.3) | 2.8 | (0.1) | 6.9 |
| Net Realized Investment Gains (Losses) | 1.1 | (30.3) | 9.2 | (38.3) |
| Impairment Losses | (2.2) | (1.1) | (3.8) | 0.1 |
| Total Revenues | 1,178.9 | 1,199.4 | 3,451.8 | 3,757.0 |
| Expenses: | ||||
| Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses (Changes in Liability for Future Policyholder Benefits for the Three Months Ended: 2024 - $0.3; 2023 - $6.1 and Nine Months Ended: 2024 - $7.9; 2023 - $8.6) | 769.3 | 975.2 | 2,269.7 | 3,011.9 |
| Insurance Expenses | 254.3 | 259.0 | 739.3 | 794.4 |
| Interest and Other Expenses | 64.6 | 156.0 | 173.6 | 311.7 |
| Goodwill Impairment | — | — | — | 49.6 |
| Total Expenses | 1,088.2 | 1,390.2 | 3,182.6 | 4,167.6 |
| Income (Loss) before Income Taxes | 90.7 | (190.8) | 269.2 | (410.6) |
| Income Tax (Expense) Benefit | (18.5) | 44.4 | (52.4) | 87.0 |
| Net Income (Loss) | 72.2 | (146.4) | 216.8 | (323.6) |
| Less: Net Loss attributable to Noncontrolling Interest | (1.5) | (0.1) | (3.6) | (0.1) |
| Net Income (Loss) attributable to Kemper Corporation | $73.7 | $(146.3) | $220.4 | $(323.5) |
| Net Income (Loss) attributable to Kemper Corporation per Unrestricted Share: | ||||
| Basic | $1.15 | $(2.28) | $3.43 | $(5.05) |
| Diluted | $1.14 | $(2.28) | $3.40 | $(5.05) |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| Sep 30,2024 | Sep 30,2023 | Sep 30,2024 | Sep 30, 2023 | |
| Net Income (Loss) | $72.2 | $(146.4) | $216.8 | $(323.6) |
| Other Comprehensive Income Before Income Taxes | ||||
| Changes in Unrealized Holding Gains (Losses) on Investment Securities with: | ||||
| No Credit Losses Recognized in Condensed Consolidated Statements of Income (Loss) | 286.6 | (327.9) | 98.4 | (223.9) |
| Credit Losses Recognized in Condensed Consolidated Statements of Income (Loss) | — | (1.5) | (1.7) | (1.6) |
| Change in Unrecognized Postretirement Benefit Costs | (0.7) | 61.4 | (2.4) | 60.3 |
| Gain (Loss) on Cash Flow Hedges | 4.9 | — | 1.3 | (0.1) |
| Change in Discount Rate on Future Life Policyholder Benefits | (209.1) | 276.8 | 40.8 | 217.6 |
| Other Comprehensive Income Before Income Taxes | 81.7 | 8.8 | 136.4 | 52.3 |
| Other Comprehensive Income Tax Expense | (16.9) | (1.4) | (28.1) | (10.8) |
| Other Comprehensive Income, Net of Taxes | 64.8 | 7.4 | 108.3 | 41.5 |
| Total Comprehensive Income (Loss) | 137.0 | (139.0) | 325.1 | (282.1) |
| Less: Net Loss attributable to Noncontrolling Interest | (1.5) | (0.1) | (3.6) | (0.1) |
| Less: Other Comprehensive Income attributable to Noncontrolling Interest | — | — | — | — |
| Less: Total Comprehensive Loss attributable to Noncontrolling Interest | (1.5) | (0.1) | (3.6) | (0.1) |
| Comprehensive Income (Loss) attributable to Kemper Corporation | $138.5 | $(138.9) | $328.7 | $(282.0) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.