v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net Income (Loss) $ 132.6 $ 312.5 $ (272.3)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities:      
Net Realized Gain on Sale of Investments (5.5) (13.2) 18.6
Impairment Losses 10.8 5.8 1.1
Depreciation, Amortization, and Impairments of Property, Equipment, Software and Intangible Assets Acquired 74.3 53.7 58.6
Settlement Related to Defined Benefit Pension Plan 0.0 (2.6) 70.2
Change in Value of Alternative Energy Partnership Investments 7.0 31.1 (1.1)
Equity Securities, FV-NI, Gain (Loss) 4.3 2.7 (4.7)
Goodwill Impairment 0.0 0.0 49.6
Pension Plan assets reverted to the Company 0.0 13.1 0.0
Changes in:      
Receivables from Policyholders 10.5 (25.9) 326.4
Reinsurance Recoverables (0.5) 7.0 12.1
Deferred Policy Acquisition Costs (26.7) (38.3) 43.9
Insurance Reserves 375.4 (2.3) (30.8)
Unearned Premiums (30.1) (26.0) (403.1)
Income Taxes (7.0) 65.3 33.2
Other 39.4 0.0 (35.9)
Net Cash Provided by (Used in) Operating Activities 584.5 382.9 (134.2)
Cash Flows from Investing Activities:      
Proceeds from the Sales, Calls and Maturities of Fixed Maturities 1,166.3 1,316.5 673.0
Equity Securities 24.7 37.8 149.0
Real Estate Investments 5.5 3.7 0.0
Mortgage Loans 124.2 121.6 95.2
Other Investments 42.5 21.8 18.3
Fixed Maturities (1,354.0) (1,012.5) (447.4)
Equity Securities (115.1) (19.4) (44.4)
Real Estate Investments (2.5) (1.6) (1.0)
Corporate-Owned Life Insurance (1.5) (3.5) 0.0
Mortgage Loans (198.6) (109.7) (104.1)
Other Investments (80.0) (51.2) (19.8)
Net Sales (Purchases) of Short-term Investments 746.9 (521.0) (238.4)
Acquisition of Software and Long-lived Assets (30.6) (53.2) (53.8)
Settlement Proceeds from Company-Owned Life Insurance 4.3 13.5 102.2
Other 4.1 12.8 (20.9)
Net Cash Provided by (Used in) Investing Activities 336.2 (244.4) 107.9
Cash Flows from Financing Activities:      
Repayments of Long-term Debt (450.0) 0.0 0.0
Proceeds from Policyholder Contract Obligations 30.9 102.2 123.3
Repayment of Policyholder Contract Obligations (65.5) (120.6) (169.0)
Proceeds from Shares Issued under Employee Stock Purchase Plan 3.7 3.8 4.3
Common Stock Repurchases (301.9) (38.9) 0.0
Dividends Paid (79.6) (80.1) (80.1)
Other 2.3 (3.6) (0.5)
Net Cash Used in Financing Activities (860.1) (137.2) (122.0)
Net increase (decrease) in cash [1] 60.6 1.3 (148.3)
Cash, Beginning of Year [1] 65.4 64.1 212.4
Cash, End of Year [1] 126.0 65.4 64.1
Cash (paid) received during the year for:      
Interest (44.4) (54.5) (54.5)
Income taxes paid (35.3) (11.2) 106.7
Operating Leases (18.4) (21.6) (25.4)
Non-Cash Activities:      
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities 25.8 9.5 13.8
Real estate acquired via mortgage loan foreclosure $ 0.0 $ 10.9 $ 0.0
[1]
1Includes amounts attributable to Kemper Reciprocal reported as non-controlling interest.