KEMPER Corp

For the period ended Sep 30, 2025. Filed Nov 5, 2025.

About this filing

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, 2025 · Filed Nov 5, 2025

KMPR$34.39+3.7%Stored close · as of Nov 10, 2026

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Contents

Item 1. Financial Statements

CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) INCOME

Three Months Ended · Nine Months Ended
	Sep 30, 2025	Sep 30, 2024	Sep 30,2025	Sep 30, 2024
Revenues:
Earned Premiums1	$1,133.3	$1,068.5	$3,352.0	$3,134.1
Net Investment Income	104.8	111.1	301.9	304.5
Other Income	2.9	2.7	8.6	7.9
Change in Fair Value of Equity and Convertible Securities	(2.1)	(2.3)	(2.5)	(0.1)
Net Realized Investment Gains	3.9	1.1	4.7	9.2
Impairment Losses	(3.1)	(2.2)	(6.4)	(3.8)
Total Revenues	1,239.7	1,178.9	3,658.3	3,451.8
Expenses:
Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses2	924.6	769.3	2,521.0	2,269.7
Insurance and Other Expenses	339.1	304.5	933.6	870.6
Interest Expense	9.1	14.4	29.5	42.3
Total Expenses	1,272.8	1,088.2	3,484.1	3,182.6
(Loss) Income before Income Taxes	(33.1)	90.7	174.2	269.2
Income Tax (Benefit) Expense	(8.9)	18.5	31.6	52.4
Net (Loss) Income	(24.2)	72.2	142.6	216.8
Less: Net Loss attributable to Noncontrolling Interest	(3.2)	(1.5)	(8.7)	(3.6)
Net (Loss) Income attributable to Kemper Corporation	$(21.0)	$73.7	$151.3	$220.4
Net (Loss) Income attributable to Kemper Corporation per Unrestricted Share:
Basic	$(0.34)	$1.15	$2.40	$3.43
Diluted	$(0.34)	$1.14	$2.37	$3.40
1 Includes a remeasurement loss related to the deferred profit liability within the Life insurance business of $0.9 million and $0.5 million for the three months ended September 30, 2025 and 2024, respectively, and a remeasurement loss of $1.6 million and $1.2 million for the nine months ended September 30, 2025 and 2024, respectively.
2 Includes a remeasurement gain of $1.8 million and $1.2 million related to the liability for future policyholder benefits within the Life insurance business for the three months ended September 30, 2025 and 2024, respectively, and a remeasurement gain of $1.8 million and $2.7 million for the nine months ended September 30, 2025 and 2024, respectively.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Three Months Ended · Nine Months Ended
	Sep 30,2025	Sep 30,2024	Sep 30,2025	Sep 30, 2024
Net (Loss) Income	$(24.2)	$72.2	$142.6	$216.8
Other Comprehensive Income Before Income Taxes
Changes in Unrealized Gains (Losses) on Investment Securities with:
No Credit Losses Recognized in Condensed Consolidated Statements of (Loss) Income	107.9	286.6	179.2	98.4
Credit Losses Recognized in Condensed Consolidated Statements of (Loss) Income	(1.0)	—	0.3	(1.7)
Change in Unrecognized Postretirement Benefit Costs	(0.5)	(0.7)	(1.6)	(2.4)
Gain on Cash Flow Hedges	0.7	4.9	1.1	1.3
Change in Discount Rate on Future Life Policyholder Benefits	(68.4)	(209.1)	(81.4)	40.8
Other Comprehensive Income Before Income Taxes	38.7	81.7	97.6	136.4
Other Comprehensive Income Tax Expense	8.0	16.9	19.9	28.1
Other Comprehensive Income, Net of Taxes	30.7	64.8	77.7	108.3
Total Comprehensive Income	6.5	137.0	220.3	325.1
Less: Net Loss attributable to Noncontrolling Interest	(3.2)	(1.5)	(8.7)	(3.6)
Less: Other Comprehensive Income attributable to Noncontrolling Interest	0.1	—	0.3	—
Less: Total Comprehensive Loss attributable to Noncontrolling Interest	(3.1)	(1.5)	(8.4)	(3.6)
Comprehensive Income attributable to Kemper Corporation	$9.6	$138.5	$228.7	$328.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.