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Kemper KMPR Life Insurance — VOBA, amortization expense, year three

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$2M-33.3%
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$1M0.0%
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LNCLife Insurance — Amortization of DAC and VOBA
$127.75M+1.6%
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FGFixed rate annuities — VOBA amortization
$1M0.0%
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FGImmediate annuities — VOBA amortization
$2M0.0%
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FGIndexed annuities — VOBA amortization
$29M-6.5%

Other financials

Income statement

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Revenue$1.1B-7.2%
Operating income$132.4M+440%
Net income-$1.7M-102%
EPS (diluted)-$0.03-102%

Balance sheet

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Cash & equivalents$92.6M-19.8%
Total debt$944.0M-5.3%
Total equity$2.6B+624%
Total assets$12.4B-0.5%

Cash flow

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Operating cash flow$88.8M-50.7%
CapEx$10.9M+41.6%
Free cash flow$77.9M-54.8%

Valuation

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Market cap$1.54B-58.0%
Enterprise value$2.39B-48.7%
P/E30.8×+20.2×
P/S0.3×-0.5×

Profitability

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Net margin1.1%-6.3pp
FCF margin9.8%-0.3pp

Returns & leverage

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Return on equity3.3%-20.1pp
Debt / equity0.4×-2.4×

Where this comes from

Reported directly by Kemper in its filing.

Tagged under the XBRL concept us-gaap:PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree.

The official record: Kemper’s 10-K, filed February 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kemper's life insurance — VOBA, amortization expense, year three?
Kemper (KMPR) reported life insurance — VOBA, amortization expense, year three of $1.4M in Q4 2025.
How has Kemper's life insurance — VOBA, amortization expense, year three changed year-over-year?
Kemper's life insurance — VOBA, amortization expense, year three decreased by 6.7% year-over-year, from $1.5M to $1.4M.
What does life insurance — VOBA, amortization expense, year three mean?
The amortization expense recognized in the third year related to the Value of Business Acquired (VOBA) for life insurance contracts. It represents the continued recognition of the cost of acquiring existing insurance blocks through business combinations.