v3.25.4
Leases (Tables)
12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Lease, Cost
The following table presents operating lease right-of-use assets and lease liabilities.
(Dollars in Millions)Dec 31, 2025Dec 31, 2024
Operating Lease Right-of-Use Assets$45.4 $33.9 
Operating Lease Liabilities61.4 51.6 
Lease expenses are included in Insurance and Other Expenses in the Consolidated Statements of Income (Loss). Additional information regarding the Company’s operating leases for the year ended December 31, 2025 and 2024 is presented below.
(Dollars in Millions)20252024
Lease Cost:
Operating Lease Cost$16.7 $15.5 
Variable Lease Cost4.1 4.7 
Short-Term Lease Cost1
0.5 1.1 
Total Lease Cost$21.3 $21.3 
1 Leases with an initial term of twelve months or less are not recorded on the Consolidated Balance Sheets.
20252024
Weighted-average Remaining Lease Term - Operating Leases5.1 years4.5 years
Weighted-average Discount Rate - Operating Leases4.6 %4.5 %
DOLLARS IN MILLIONS20252024
Operating Lease Right-of-Use Assets$6.7 $7.2 
Operating Lease Liabilities19.6 21.3 
Supplemental cash flow information related to Kemper’s operating leases for the year ended December 31, 2025 and December 31, 2024 respectively are presented follows.
DOLLARS IN MILLIONS20252024
Operating Cash Flows from Operating Leases (Fixed Payments)$2.6 $3.0 
Operating Cash Flows from Operating Leases (Liability Reduction)1.8 2.1 

Significant judgments and assumptions for determining lease asset and liability as December 31, 2025 and December 31, 2024 respectively are presented below.
DOLLARS IN MILLIONS20252024
Weighted-average Remaining Lease Term - Operating Leases8.0 years9.0 years
Weighted-average Discount Rate - Operating Leases4.0 %4.0 %
Schedule of Future Minimum Lease Payments for Operating Leases
Future minimum lease payments under operating leases at December 31, 2025 are presented below.
(Dollars in Millions)
2026$17.1 
202713.9 
202811.6 
20299.3 
20307.5 
2031 and Thereafter9.7 
Total Future Payments$69.1 
Less: Discount7.7 
Present Value of Minimum Lease Payments$61.4 
Future minimum operating lease payments at December 31, 2025 were:
DOLLARS IN MILLIONSOperating
Leases
2026$2.6 
20272.7 
20282.8 
20292.8 
20302.9 
2031 and Thereafter9.2 
Total Future Payments$23.0 
Less Discount3.4 
Present Value of Minimum Lease Payments$19.6