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Kemper KMPR Life Insurance — Amortization of Deferred Policy Acquisition Costs

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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$1.55B-51.3%
Enterprise value$2.42B-39.9%
P/S0.3×-0.3×

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:SupplementaryInsuranceInformationAmortizationOfDeferredPolicyAcquisitionCosts.

The source filing: Kemper’s 10-K, filed February 11, 2026.

Filed
Feb 10, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0000860748-26-000014
Line itemYear Ended December 31, / Earned PremiumsYear Ended December 31, / Premiums WrittenYear Ended December 31, / Other Income (Loss)Year Ended December 31, / Net Investment Income2Year Ended December 31, / Insurance Claimsand Policy-holders’BenefitsYear Ended December 31, / Amortizationof Deferred Policy Acquisition CostsYear Ended December 31, / Other Insurance Expenses3At December 31 / Deferred Policy Acquisition CostsAt December 31 / Insurance ReservesAt December 31 / Unearned Premiums
2025
Specialty Property & Casualty Insurance$3,925.7$3,912.8$8.9$211.2$3,077.2$534.9$301.7$158.8$2,769.4$1,204.2
Life Insurance1393.4N/A1.6188.2238.729.5234.9497.13,289.48.5
Non-Core Operations77.259.47.759.49.656.70.8161.932.5
Corporate and OtherN/A(12.5)(2.1)0.247.77.0
Total$4,396.3N/A$(2.0)$405.0$3,375.5$574.0$641.0$656.7$6,227.7$1,245.2
2024
Specialty Property & Casualty Insurance$3,576.4$3,685.4$6.1$189.6$2,541.7$474.1$285.4$162.8$2,347.9$1,216.8

Item 16. Form 10-K Summary

FAQ

What is Kemper's life insurance — amortization of deferred policy acquisition costs?
Kemper (KMPR) reported life insurance — amortization of deferred policy acquisition costs of $7.38M in Q4 2025.
How has Kemper's life insurance — amortization of deferred policy acquisition costs changed year-over-year?
Kemper's life insurance — amortization of deferred policy acquisition costs decreased by 9.5% year-over-year, from $8.15M to $7.38M.
What is the long-term trend for Kemper's life insurance — amortization of deferred policy acquisition costs?
Over 3 years (2022 to 2025), Kemper's life insurance — amortization of deferred policy acquisition costs has grown at a -11.4% compound annual growth rate (CAGR), from $42.4M to $29.5M.
What does life insurance — amortization of deferred policy acquisition costs mean?
This metric represents the periodic expense recognized as the company amortizes the costs incurred to acquire new insurance policies, such as commissions and underwriting expenses. It reflects the matching of acquisition costs with the revenue generated over the life of the insurance contracts.

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