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Kemper KMPR Life Insurance — Deferred Policy Acquisition Costs

Other segment segments

Specialty Property & Casualty Insurance
$156.4M-10.7%

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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$1.76B-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 life insurance — deferred policy acquisition costs?
Kemper (KMPR) reported life insurance — deferred policy acquisition costs of $517.5M in Q2 2026.
How has Kemper's life insurance — deferred policy acquisition costs changed year-over-year?
Kemper's life insurance — deferred policy acquisition costs increased by 7.5% year-over-year, from $481.6M to $517.5M.
What does life insurance — deferred policy acquisition costs mean?
Costs directly related to the acquisition of new insurance policies, such as commissions and underwriting expenses, which are capitalized and amortized over the life of the policy. This reflects the investment made to grow the insurance book of business. Tracking this helps investors understand the long-term value of the segment's policy portfolio.

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