Kemper Corp Files 2024 10-K

TL;DR

Kemper Corp's 2024 10-K is in, check financials for insurance giant.

AI Summary

Kemper Corporation filed its 2024 10-K on February 7, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered in Chicago, IL, operates in the fire, marine, and casualty insurance sector. This filing provides a comprehensive overview of its business, financial condition, and results of operations for the period.

Why It Matters

This 10-K filing provides investors and stakeholders with a detailed look into Kemper Corporation's financial health and operational performance for the fiscal year 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate increased risk, but rather provides information for risk assessment.

Key Numbers

• 2024 — Fiscal Year (The period covered by the 10-K filing.)
• 2023 — Prior Fiscal Year (Comparison data for the year preceding 2024.)
• 2022 — Year Before Prior Fiscal Year (Further historical data for comparison.)

Key Players & Entities

• KEMPER Corp (company) — Filer of the 10-K
• 200 E. RANDOLPH ST. SUITE 3300, CHICAGO, IL 60601 (company) — Business and Mail Address
• UNITRIN INC (company) — Former company name
• 19930328 (date) — Date of name change from UNITRIN INC
• 20241231 (date) — Fiscal year end
• 20250207 (date) — Filing date

FAQ

Key Financial Figures

• $0.10 — ange on which registered Common Stock, $0.10 par value per share KMPR NYSE 5.875% F
• $12.6 billion — pecialized insurers. With approximately $12.6 billion in assets, Kemper is improving the worl
• $27.6 million — iums reported through the Exchange were $27.6 million and $17.0 million, respectively, for th
• $17.0 m — ugh the Exchange were $27.6 million and $17.0 million, respectively, for the year ended
• $9.4 million — rves 1 $ 2,621.3 $ 2,680.5 1 Includes $9.4 million attributable to Kemper Reciprocal as of
• $25 million — as a catastrophe when the event causes $25 million or more in direct insured losses to pro

Filing Documents

• kmpr-20241231.htm (10-K) — 5498KB
• kmpr202412312024ex1021.htm (EX-10.21) — 106KB
• kmpr202412312024ex1022.htm (EX-10.22) — 108KB
• kmpr202412312024ex1023.htm (EX-10.23) — 91KB
• kmpr202412312024ex1024.htm (EX-10.24) — 96KB
• kmpr202412312024ex1025.htm (EX-10.25) — 128KB
• kmpr202412312024ex1026.htm (EX-10.26) — 130KB
• kmpr202412312024ex1027.htm (EX-10.27) — 90KB
• kmpr202412312024ex181.htm (EX-18.1) — 4KB
• kmpr202412312024ex191.htm (EX-19.1) — 177KB
• kmpr202412312024ex192.htm (EX-19.2) — 54KB
• kmpr202412312024ex21.htm (EX-21) — 32KB
• kmpr202412312024ex23.htm (EX-23) — 2KB
• kmpr202412312024ex311.htm (EX-31.1) — 8KB
• kmpr202412312024ex312.htm (EX-31.2) — 8KB
• kmpr202412312024ex321.htm (EX-32.1) — 6KB
• kmpr202412312024ex322.htm (EX-32.2) — 6KB
• kmpr202412312024ex48.htm (EX-4.8) — 152KB
• kmpr202412312024ex971.htm (EX-97.1) — 19KB
• image.jpg (GRAPHIC) — 41KB
• image1.jpg (GRAPHIC) — 41KB
• kmpr-20241231_g1.jpg (GRAPHIC) — 131KB
• 0000860748-25-000053.txt ( ) — 33374KB
• kmpr-20241231.xsd (EX-101.SCH) — 150KB
• kmpr-20241231_cal.xml (EX-101.CAL) — 228KB
• kmpr-20241231_def.xml (EX-101.DEF) — 1197KB
• kmpr-20241231_lab.xml (EX-101.LAB) — 1751KB
• kmpr-20241231_pre.xml (EX-101.PRE) — 1555KB
• kmpr-20241231_htm.xml (XML) — 6690KB

Risk Factors 16

Item 1A. Risk Factors 16

Unresolved Staff Comments 25

Item 1B. Unresolved Staff Comments 25

Cybersecurity 25

Item 1C. Cybersecurity 25

Properties 26

Item 2. Properties 26

Legal Proceedings 26

Item 3. Legal Proceedings 26

Mine Safety Disclosures 26

Item 4. Mine Safety Disclosures 26 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26

Selected Financial Data 29

Item 6. Selected Financial Data 29

Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 30

Quantitative and Qualitative Disclosures About Market Risk 62

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 62

Financial Statements and Supplementary Data 64

Item 8. Financial Statements and Supplementary Data 64

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 143

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 143

Controls and Procedures 143

Item 9A. Controls and Procedures 143

Other Information 144

Item 9B. Other Information 144 Part III

Directors, Executive Officers and Corporate Governance 145

Item 10. Directors, Executive Officers and Corporate Governance 145

Executive Compensation 145

Item 11. Executive Compensation 145

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 145

Certain Relationships and Related Transactions, and Director Independence 145

Item 13. Certain Relationships and Related Transactions, and Director Independence 145

Principal Accounting Fees and Services 145

Item 14. Principal Accounting Fees and Services 145 Part IV

Exhibits, Financial Statement Schedules 146

Item 15. Exhibits, Financial Statement Schedules 146

Form 10-K Summary 146

Item 16. Form 10-K Summary 146 Exhibit Index 147 Power of Attorney 151 Signatures 151 Financial Statement Schedules: Schedule 1 - Investments Other than Investments in Related Parties SCH I- 1 Schedule 2 - Parent Company Financial Statements SCH II- 2 Schedule 3 - Supplementary Insurance Information SCH III- 1 Schedule 4 - Reinsurance Schedule SCH IV- 1 Caution Regarding Forward-Looking Statements This 2024 Annual Report on Form 10-K (the "2024 Annual Report"), including, but not limited to, the accompanying consolidated financial statements of Kemper Corporation ("Kemper" or the "Registrant") and its subsidiaries (individually and collectively referred to herein as the "Company"), as well as a variable interest entity ("VIE") in which the Company is considered the primary beneficiary and the notes thereto appearing in Item 8 herein (the "Consolidated Financial Statements"), the Management's Discussion and Analysis of Financial Condition and Results of Operations appearing in Item 7 herein (the "MD&A") and the other Exhibits and Financial Statement Schedules filed as a part hereof or incorporated by reference herein, may contain or incorporate by reference information that includes or is based on forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events. The reader can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "believe(s)," "goal(s)," "target(s)," "estimate(s)," "anticipate(s)," "forecast(s)," "project(s)," "plan(s)," "intend(s)," "expect(s)," "might," "may," "could" and other terms of similar meaning. Forward-looking statements, in particular, include statements relating to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, e

Business

Item 1. Business. Kemper is an insurance holding company that offers complementary insurance products, through its subsidiaries, including personal and commercial automobile insurance to consumers in targeted markets and industries. Kemper also offers life and other insurance solutions to customers who desire basic protection for themselves and their families. Kemper's annual reports on Form 10-K, quarterly reports on Form 10Q, current reports on Form 8-K and amendments thereto are accessible free of charge through Kemper's website, kemper.com, and as soon as reasonably practicable after such materials are filed with, or furnished to, the SEC, which also maintains an Internet site at sec.gov that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. Registrant is a holding company incorporated under the laws of the State of Delaware in 1990, with equity securities traded on the New York Stock Exchange (the "NYSE"). On August 25, 2011, Registrant adopted its current name, Kemper Corporation, and changed its NYSE ticker symbol to KMPR. Prior to the name change, the Registrant was known as Unitrin, Inc. and traded under the NYSE ticker symbol UTR. The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $12.6 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.7 million policies, is represented by more than 22,200 agents and brokers, and has approximately 7,400 associates dedicated to meeting the ever-changing needs of its customers. The Company is engaged, through its subsidiaries, in the property and casualty insurance and life insurance businesses. The Company conducts its operations through two operating segments: Specialty Property & Casualty Insurance and Li

View Full Filing

View this 10-K filing on SEC EDGAR