Kemper KMPR Goodwill, Impairment Loss, Net of Tax
Goodwill, Impairment Loss, Net of Tax at other companies
Other financials
Where this comes from
Reported directly by Kemper in its filing.
Tagged under the XBRL concept us-gaap:GoodwillImpairmentLossNetOfTax.
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
During the second quarter of 2023, the Company identified impairment indicators impacting the fair value of the Preferred Property & Casualty Insurance business in connection with ongoing evaluation of strategic alternatives for the Preferred Insurance business. As a result, the business’s fair value was determined using a combination of available market information, market comparisons and a discounted cash flow valuation method based on the present value of future earnings. The fair value calculated in the second quarter of 2023 was lower than the carrying value of the business, resulting in a pre-tax impairment charge of $49.6 million and an after-tax impairment charge of $45.5 million. A substantial portion of the goodwill that was impaired was not tax deductible. The goodwill impairment charge is reported separately in the Consolidated Statements of Income (Loss) for the year ended December 31, 2023, with a corresponding reduction to goodwill in the Consolidated Balance Sheet as of December 31, 2023.
Item 8. Financial Statements and Supplementary Data.
FAQ
- What is Kemper's goodwill, impairment loss, net of tax?
- Kemper (KMPR) reported goodwill, impairment loss, net of tax of $11.38M in Q4 2023.
- What does goodwill, impairment loss, net of tax mean?
- The non-cash charge recognized when the carrying value of goodwill exceeds its implied fair value, indicating a decline in the expected future economic benefits of acquired businesses. This serves as a critical indicator of potential overpayment for past acquisitions or deteriorating performance in specific reporting units.
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