NYSE : KMPR
Kemper Corporation — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 32.57 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.92B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 4.19B | 4.40B | 4.22B | 4.53B | 5.21B | 5.18B |
| Total Interest & Dividend Income | 402.10M | 398.30M | 401.20M | 390.20M | 349.20M | 323.70M |
| Gain (Loss) on Sale of Investments | -12.20M | -9.60M | 5.30M | -14.50M | -121.30M | 107.60M |
| Other Revenue | 14.50M | 4.70M | 16.80M | 39.60M | 82.60M | 108.40M |
| Total Revenue | 4.59B | 4.79B | 4.64B | 4.94B | 5.52B | 5.72B |
| Policy Benefits | 3.43B | 3.38B | 3.01B | 3.82B | 4.43B | 4.52B |
| Selling, General & Administrative | 1.13B | 1.18B | 1.14B | 1.25B | 1.34B | 1.23B |
| Total Operating Expenses | 4.55B | 4.55B | 4.15B | 5.07B | 5.77B | 5.75B |
| Operating Income | 41.50M | 237.20M | 486.30M | -120.60M | -249.70M | -26.60M |
| Interest Expense | -36.30M | -38.50M | -56.90M | -56.10M | -54.70M | -43.60M |
| Other Non Operating Income (Expenses) | -134.80M | |||||
| EBT Excluding Unusual Items | 5.20M | 198.70M | 429.40M | -176.70M | -304.40M | -205.00M |
| Merger & Restructuring Charges | -43.90M | |||||
| Impairment of Goodwill | -460.00M | -49.60M | ||||
| Asset Writedown | -21.90M | -600.00K | -500.00K | -400.00K | ||
| Other Unusual Items | -44.80M | -38.00M | -40.30M | -120.30M | -66.60M | |
| Pretax Income | -521.50M | 160.70M | 388.50M | -347.10M | -371.00M | -249.30M |
| Income Tax Expense | -16.90M | 28.10M | 76.00M | -74.80M | -84.40M | -125.60M |
| Earnings From Continuing Ops. | -504.60M | 132.60M | 312.50M | -272.30M | -286.60M | -123.70M |
| Net Income to Company | -504.60M | 132.60M | 312.50M | -272.30M | -286.60M | -123.70M |
| Minority Interest in Earnings | 9.10M | 10.70M | 5.30M | 200.00K | ||
| Net Income | -495.50M | 143.30M | 317.80M | -272.10M | -286.60M | -123.70M |
| Net Income to Common | -495.50M | 143.30M | 317.80M | -272.10M | -286.60M | -123.70M |
| Shares Outstanding (Basic) | 59.46M | 62.01M | 64.18M | 64.03M | 63.83M | 64.26M |
| Shares Outstanding (Diluted) | 59.46M | 62.61M | 64.78M | 64.03M | 63.83M | 64.26M |
| EPS (Basic) | -8.33 | 2.31 | 4.95 | -4.25 | -4.49 | -1.92 |
| EPS (Diluted) | -8.33 | 2.29 | 4.91 | -4.25 | -4.50 | -1.92 |
| Free Cash Flow | 396.60M | 553.90M | 329.70M | -188.00M | -241.10M | 292.90M |
| Free Cash Flow Per Share | 6.67 | 8.85 | 5.09 | -2.94 | -3.78 | 4.56 |
| Dividend Per Share | 1.28 | 1.28 | 1.24 | 1.24 | 1.24 | 1.24 |
| Operating Margin | 0.90% | 4.95% | 10.48% | -2.44% | -4.52% | -0.46% |
| Profit Margin | -10.79% | 2.99% | 6.85% | -5.50% | -5.19% | -2.16% |
| Free Cash Flow Margin | 8.63% | 11.56% | 7.11% | -3.80% | -4.37% | 5.12% |
| EBITDA | 113.50M | 311.50M | 540.00M | -62.00M | -178.80M | 28.20M |
| EBITDA Margin | 2.47% | 6.50% | 11.64% | -1.25% | -3.24% | 0.49% |
| D&A For EBITDA | 72.00M | 74.30M | 53.70M | 58.60M | 70.90M | 54.80M |
| EBIT | 41.50M | 237.20M | 486.30M | -120.60M | -249.70M | -26.60M |
| EBIT Margin | 0.90% | 4.95% | 10.48% | -2.44% | -4.52% | -0.46% |
| Effective Tax Rate | 17.49% | 19.56% | ||||
| Revenue as Reported | 4.79B | 4.79B | 4.64B | 4.94B | 5.52B | 5.72B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 6.71B | 6.73B | 6.40B | 6.87B | 6.89B | 7.98B |
| Investments in Equity & Preferred Securities | 565.70M | 556.40M | 437.90M | 507.40M | 522.90M | 1.15B |
| Policy Loans | 279.40M | 279.90M | 280.70M | 281.20M | 283.40M | 286.20M |
| Other Investments | 298.30M | 335.00M | 1.08B | 537.70M | 325.20M | 331.00M |
| Total Investments | 8.10B | 8.15B | 8.38B | 8.39B | 8.20B | 9.94B |
| Cash & Equivalents | 81.20M | 126.00M | 65.40M | 64.10M | 212.40M | 148.20M |
| Reinsurance Recoverable | 25.60M | 24.30M | 27.80M | 39.60M | 84.00M | |
| Other Receivables | 1.20B | 1.18B | 1.21B | 1.20B | 1.67B | 1.71B |
| Deferred Policy Acquisition Cost | 675.80M | 656.70M | 630.00M | 591.70M | 635.60M | 677.60M |
| Property, Plant & Equipment | 45.40M | 33.90M | 38.40M | 45.10M | 64.40M | |
| Goodwill | 783.50M | 1.25B | 1.25B | 1.25B | 1.30B | 1.31B |
| Other Intangible Assets | 265.30M | 303.40M | 304.50M | 301.30M | 324.20M | |
| Other Current Assets | 900.00K | 5.80M | 600.00K | |||
| Long-Term Deferred Tax Assets | 101.30M | 101.10M | 94.80M | 210.40M | 129.00M | |
| Other Long-Term Assets | 979.70M | 679.20M | 638.00M | 663.30M | 770.10M | 651.70M |
| Total Assets | 11.93B | 12.47B | 12.63B | 12.74B | 13.31B | 14.92B |
| Accrued Expenses | 649.10M | 676.00M | 656.50M | 675.70M | 718.40M | 746.10M |
| Insurance & Annuity Liabilities | 6.47B | 6.32B | 5.92B | 6.20B | 6.73B | 6.82B |
| Unearned Premiums | 1.23B | 1.25B | 1.28B | 1.30B | 1.70B | 1.90B |
| Current Portion of Long-Term Debt | 449.90M | 276.70M | ||||
| Current Portion of Leases | 17.10M | |||||
| Long-Term Debt | 1.39B | 1.46B | 1.48B | 1.95B | 1.39B | 845.20M |
| Long-Term Leases | 28.30M | 33.90M | 62.30M | 72.60M | 84.80M | |
| Long-Term Deferred Tax Liabilities | 14.80M | 14.80M | 50.60M | 227.00M | ||
| Other Current Liabilities | 3.70M | 400.00K | ||||
| Other Long-Term Liabilities | 5.10M | 42.70M | 11.60M | 25.90M | 12.70M | |
| Total Liabilities | 9.75B | 9.80B | 9.85B | 10.24B | 10.64B | 10.91B |
| Common Stock | 5.90M | 5.90M | 6.40M | 6.40M | 6.40M | 6.40M |
| Additional Paid-In Capital | 1.74B | 1.72B | 1.85B | 1.85B | 1.81B | 1.79B |
| Retained Earnings | 653.70M | 1.16B | 1.23B | 1.01B | 1.37B | 1.76B |
| Comprehensive Income & Other | -205.30M | -206.20M | -304.50M | -360.80M | -514.90M | 448.10M |
| Total Common Equity | 2.19B | 2.68B | 2.79B | 2.51B | 2.67B | 4.01B |
| Minority Interest | -15.50M | -12.00M | -4.10M | -200.00K | ||
| Shareholders' Equity | 2.18B | 2.67B | 2.78B | 2.50B | 2.67B | 4.01B |
| Total Liabilities & Equity | 11.93B | 12.47B | 12.63B | 12.74B | 13.31B | 14.92B |
| Filing Date Shares Outstanding | 58.92M | 58.71M | 63.90M | 64.32M | 63.96M | 63.69M |
| Total Common Shares Outstanding | 58.92M | 58.67M | 63.84M | 64.11M | 63.91M | 63.68M |
| Total Debt | 1.39B | 1.50B | 1.97B | 2.01B | 1.46B | 1.21B |
| Net Cash (Debt) | -1.31B | -1.38B | -1.90B | -1.94B | -1.25B | -1.06B |
| Net Cash Per Share | -22.06 | -21.99 | -29.35 | -30.38 | -19.54 | -16.47 |
| Book Value Per Share | 37.22 | 45.71 | 43.68 | 39.08 | 41.79 | 62.93 |
| Tangible Book Value | 1.41B | 1.17B | 1.23B | 950.00M | 1.07B | 2.37B |
| Tangible Book Value Per Share | 23.92 | 19.86 | 19.33 | 14.82 | 16.73 | 37.24 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -495.50M | 143.30M | 317.80M | -272.10M | -286.60M | -123.70M |
| Depreciation & Amortization | 72.00M | 74.30M | 53.70M | 58.60M | 70.90M | 54.80M |
| Other Amortization | 45.00M | |||||
| Gain (Loss) on Sale of Investments | 1.20M | -1.20M | -10.50M | 13.90M | 95.50M | -118.20M |
| Change in Accounts Receivable | 77.70M | 10.50M | -25.90M | 326.40M | 129.40M | -75.20M |
| Reinsurance Recoverable | 100.00K | -500.00K | 7.00M | 12.10M | -1.90M | 20.60M |
| Change in Unearned Revenue | -124.60M | -30.10M | -26.00M | -403.10M | -183.50M | 105.90M |
| Change in Income Taxes | -48.60M | -7.00M | 65.30M | 33.20M | -83.60M | -163.90M |
| Change in Insurance Reserves / Liabilities | 477.20M | 375.40M | -2.30M | -30.80M | 26.50M | 616.40M |
| Change in Other Net Operating Assets | 12.60M | 39.40M | -35.90M | -11.20M | 89.10M | |
| Other Operating Activities | -9.10M | -10.70M | 5.20M | 70.00M | 3.70M | |
| Operating Cash Flow | 434.20M | 584.50M | 382.90M | -134.20M | -210.30M | 350.70M |
| Capital Expenditures | -37.60M | -30.60M | -53.20M | -53.80M | -30.80M | -57.80M |
| Cash Acquisitions | -316.60M | |||||
| Investment in Securities | -34.60M | 431.30M | -228.00M | 90.30M | 2.00M | 385.60M |
| Other Investing Activities | 9.70M | 6.90M | 22.80M | 81.30M | -101.50M | -83.20M |
| Investing Cash Flow | -84.90M | 336.20M | -244.40M | 107.90M | -108.40M | -118.20M |
| Long-Term Debt Issued | 541.90M | |||||
| Total Debt Repaid | -450.00M | -280.00M | -50.00M | |||
| Net Debt Issued (Repaid) | -450.00M | 261.90M | -50.00M | |||
| Issuance of Common Stock | 3.50M | 3.70M | 3.80M | 4.30M | 4.90M | 5.40M |
| Repurchases of Common Stock | -269.40M | -301.90M | -38.90M | -161.70M | ||
| Common Dividends Paid | -76.20M | -79.60M | -80.10M | -80.10M | -79.70M | -80.60M |
| Other Financing Activities | 3.00M | 2.30M | -3.60M | -500.00K | -1.50M | 3.70M |
| Financing Cash Flow | -445.10M | -860.10M | -137.20M | -122.00M | 382.90M | -290.40M |
| Net Cash Flow | -95.80M | 60.60M | 1.30M | -148.30M | 64.20M | -57.90M |
| Free Cash Flow | 396.60M | 553.90M | 329.70M | -188.00M | -241.10M | 292.90M |
| Free Cash Flow Margin | 8.63% | 11.56% | 7.11% | -3.80% | -4.37% | 5.12% |
| Free Cash Flow Per Share | 6.67 | 8.85 | 5.09 | -2.94 | -3.78 | 4.56 |
| Levered Free Cash Flow | 220.55M | 2.61B | -286.23M | -275.74M | -266.05M | 646.52M |
| Unlevered Free Cash Flow | 243.24M | 2.63B | -250.66M | -240.68M | -231.86M | 673.77M |
| Cash Interest Paid | 34.70M | 44.40M | 54.50M | 54.50M | 51.50M | 43.90M |
| Cash Income Tax Paid | 30.50M | 35.30M | 11.20M | -106.70M | 700.00K | 38.00M |
| Change in Working Capital | 378.40M | 361.00M | -20.20M | -54.20M | -110.10M | 515.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.07B | 2.37B | 4.26B | 3.12B | 3.14B | 3.74B |
| Enterprise Value | 3.38B | 3.79B | 6.16B | 4.46B | 4.36B | 4.84B |
| PE Ratio | 16.56 | 13.39 | ||||
| PS Ratio | 0.45 | 0.50 | 0.92 | 0.63 | 0.57 | 0.65 |
| PB Ratio | 0.94 | 0.89 | 1.53 | 1.25 | 1.18 | 0.93 |
| P/FCF Ratio | 5.21 | 4.29 | 12.91 | 12.78 | ||
| P/OCF Ratio | 4.76 | 4.06 | 11.11 | 10.67 | ||
| EV/Sales Ratio | 0.74 | 0.79 | 1.33 | 0.90 | 0.79 | 0.85 |
| EV/EBITDA Ratio | 29.77 | 12.16 | 11.41 | 171.72 | ||
| EV/EBIT Ratio | 81.42 | 15.97 | 12.67 | |||
| EV/FCF Ratio | 8.52 | 6.84 | 18.69 | 16.53 | ||
| Debt / Equity Ratio | 0.64 | 0.56 | 0.71 | 0.80 | 0.55 | 0.30 |
| Debt / EBITDA Ratio | 12.27 | 4.52 | 3.50 | 21.78 | ||
| Debt / FCF Ratio | 3.51 | 2.71 | 5.96 | 4.12 | ||
| Net Debt / Equity Ratio | 0.60 | 0.52 | 0.68 | 0.78 | 0.47 | 0.26 |
| Net Debt / EBITDA Ratio | 11.56 | 4.42 | 3.52 | -31.37 | -6.97 | 37.53 |
| Net Debt / FCF Ratio | 3.31 | 2.48 | 5.77 | -10.35 | -5.17 | 3.61 |
| Quick Ratio | 0.78 | 0.43 | 0.94 | 0.86 | 0.85 | 0.71 |
| Current Ratio | 0.82 | 0.46 | 0.99 | 0.92 | 0.91 | 0.76 |
| Asset Turnover | 0.38 | 0.38 | 0.37 | 0.38 | 0.39 | 0.39 |
| Return on Equity (ROE) | -19.70% | 4.86% | 11.82% | -10.52% | -8.58% | -2.89% |
| Return on Assets (ROA) | 0.21% | 1.18% | 2.40% | -0.58% | -1.11% | -0.11% |
| Return on Invested Capital (ROIC) | 1.09% | 4.39% | 8.44% | -2.79% | -5.34% | -0.48% |
| Earnings Yield | -23.76% | 6.04% | 7.47% | -8.72% | -9.12% | -3.31% |
| FCF Yield | 19.19% | 23.34% | 7.75% | -6.03% | -7.67% | 7.83% |
| Dividend Yield | 3.65% | 3.16% | 1.86% | 2.55% | 2.52% | 2.11% |
| Payout Ratio | 55.55% | 25.20% | ||||
| Buyback Yield / Dilution | 8.07% | 3.35% | -1.17% | -0.31% | 0.68% | 3.69% |
| Total Shareholder Return | 11.71% | 6.51% | 0.69% | 2.23% | 3.20% | 5.80% |