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Kemper KMPR Amortization of deferred policy acquisition costs

Amortization of deferred policy acquisition costs at other companies

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ProgressivePGR
$1.52B+13.2%

Segments

By segment

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Specialty Property & Casualty Insurance$534.9M+12.8%
Life Insurance$29.5M-9.5%

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: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
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
Life Insurance1393.9N/A1.1170.6234.532.6239.5463.13,202.48.2
Non-Core Operations245.6108.30.436.4236.831.351.04.1261.750.3

Item 16. Form 10-K Summary

FAQ

What is Kemper's amortization of deferred policy acquisition costs?
Kemper (KMPR) reported amortization of deferred policy acquisition costs of $143.5M in Q4 2025.
How has Kemper's amortization of deferred policy acquisition costs changed year-over-year?
Kemper's amortization of deferred policy acquisition costs increased by 6.7% year-over-year, from $134.5M to $143.5M.
What is the long-term trend for Kemper's amortization of deferred policy acquisition costs?
Over 3 years (2022 to 2025), Kemper's amortization of deferred policy acquisition costs has grown at a -6.7% compound annual growth rate (CAGR), from $705.7M to $574M.
What does amortization of deferred policy acquisition costs mean?
The systematic recognition of deferred policy acquisition costs as an expense over the life of the insurance contracts. These costs typically include commissions and other expenses directly related to the successful acquisition of new business. Tracking this amortization provides insight into the timing of expense recognition relative to the revenue generated from new policies.

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