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Kemper KMPR Capitalization

Discontinued — last reported Q1 '25

Capitalization at other companies

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Universal Insurance HoldingsUVE

Segments

By segment

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Specialty Property & Casualty Insurance$115M-15.0%
Life Insurance$19.1M+7.9%

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:DeferredPolicyAcquisitionCostsAdditions.

The source filing: Kemper’s 10-Q, filed May 7, 2025.

Filed
May 7, 2025
Fiscal quarter
Q1 FY2025
Calendar quarter
Q1 2025
Accession
0000860748-25-000131
(Dollars in Millions)SpecialtyLifeSegment TotalNon-Core OperationsTotal
Balance, December 31, 20241$162.8$463.1$625.9$4.1$630.0
Capitalizations143.014.9157.91.7159.6
Amortization Expense2(128.9)(7.1)(136.0)(2.4)(138.4)
Balance, March 31, 20251$176.9$470.9$647.8$3.4$651.2
1 Includes $1.5 million and $1.1 million attributable to Kemper Reciprocal as of March 31, 2025 and December 31, 2024, respectively, which is reported as a consolidated variable interest entity.2 The Life Insurance segment includes increases to amortization expense related to experience adjustments of $0.9 million for the three months ended March 31, 2025.

Item 1. Financial Statements

FAQ

What is Kemper's capitalization?
Kemper (KMPR) reported capitalization of $159.6M in Q1 2025.
How has Kemper's capitalization changed year-over-year?
Kemper's capitalization increased by 16.8% year-over-year, from $136.6M to $159.6M.
What is the long-term trend for Kemper's capitalization?
Over 2 years (2022 to 2024), Kemper's capitalization has grown at a -8.7% compound annual growth rate (CAGR), from $691.5M to $576.4M.
What does capitalization mean?
The total costs incurred during the period that are directly attributable to acquiring new insurance policies and are capitalized as assets. These costs are subsequently amortized over the expected life of the policies to match expenses with related revenues.

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