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Kemper KMPR Deferred policy acquisition costs

Deferred policy acquisition costs at other companies

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Mercury GeneralMCY
$366.57M+8.9%
Progressive logo
ProgressivePGR
$2.21B+4.8%
Allstate logo
AllstateALL
$6.14B+3.5%
Horace Mann Educators logo
Horace Mann EducatorsHMN
$358.2M+1.9%
Kinsale Capital Group logo
Kinsale Capital GroupKNSL
$124.74M+0.5%
American Financial Group logo
American Financial GroupAFG
$366M+6.1%

Segments

By segment

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Life Insurance$517.5M+7.5%
Specialty Property & Casualty Insurance$156.4M-10.7%

Other financials

Income statement

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Revenue$1.1B-10.8%
Operating income$132.4M+440%
Net income-$464.8M-740%
EPS (diluted)-$7.90-805%

Balance sheet

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Cash & equivalents$81.2M-54.1%
Total debt$944.5M-5.7%
Total equity$2.2B+493%
Total assets$11.9B-4.4%

Cash flow

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Operating cash flow$30.5M-66.0%
CapEx$11.4M+50.0%
Free cash flow$19.1M-76.7%

Valuation

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Market cap$1.76B-42.1%
Enterprise value$2.62B-32.2%
P/S0.4×-0.2×

Profitability

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Net margin-10.7%-17.8pp
FCF margin8.7%-2.8pp

Returns & leverage

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Return on equity-38%-132pp
Debt / equity0.4×-2.3×

Where this comes from

Reported directly by Kemper in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCosts.

The source filing: Kemper’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000860748-26-000084
(Dollars in Millions)SpecialtyLifeSegment TotalNon-Core OperationsTotal
Balance, December 31, 20251$158.8$497.1$655.9$0.8$656.7
Capitalizations240.635.2275.81.9277.7
Amortization Expense2(243.0)(14.8)(257.8)(0.8)(258.6)
Balance, June 30, 20261$156.4$517.5$673.9$1.9$675.8
1 Includes $0.8 million and $1.3 million attributable to Kemper Reciprocal as of June 30, 2026 and December 31, 2025, respectively, which is reported as a consolidated VIE.
2 The Life Insurance segment includes increases to amortization expense related to experience adjustments of $1.8 million for the six months ended June 30, 2026.

Item 1. Financial Statements

FAQ

What is Kemper's deferred policy acquisition costs?
Kemper (KMPR) reported deferred policy acquisition costs of $675.8M in Q2 2026.
How has Kemper's deferred policy acquisition costs changed year-over-year?
Kemper's deferred policy acquisition costs increased by 2.4% year-over-year, from $659.8M to $675.8M.
What is the long-term trend for Kemper's deferred policy acquisition costs?
Over 5 years (2020 to 2025), Kemper's deferred policy acquisition costs has grown at a 1.5% compound annual growth rate (CAGR), from $610.4M to $656.7M.
What does deferred policy acquisition costs mean?
These are the incremental costs directly related to the successful acquisition of new or renewed insurance contracts, such as commissions and underwriting expenses. These costs are capitalized and amortized over the expected life of the policies to match expenses with the related premium revenue.

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