v3.26.1
Deferred Policy Acquisition Costs (Tables)
6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Policy Acquisition Costs
The following tables present the balances and changes in Deferred Policy Acquisition Costs for the Specialty Property and Casualty Insurance segment, Life Insurance segment, and Non-Core Operations business for the six months ended June 30, 2026 and 2025:
(Dollars in Millions)SpecialtyLifeSegment TotalNon-Core OperationsTotal
Balance, December 31, 20251
$158.8 $497.1 $655.9 $0.8 $656.7 
Capitalizations240.6 35.2 275.8 1.9 277.7 
Amortization Expense2
(243.0)(14.8)(257.8)(0.8)(258.6)
Balance, June 30, 20261
$156.4 $517.5 $673.9 $1.9 $675.8 
1 Includes $0.8 million and $1.3 million attributable to Kemper Reciprocal as of June 30, 2026 and December 31, 2025, respectively, which is reported as a consolidated VIE.
2 The Life Insurance segment includes increases to amortization expense related to experience adjustments of $1.8 million for the six months ended June 30, 2026.
(Dollars in Millions)SpecialtyLifeSegment TotalNon-Core OperationsTotal
Balance, December 31, 20241
$162.8 $463.1 $625.9 $4.1 $630.0 
Capitalizations278.3 32.6 310.9 3.2 314.1 
Amortization Expense2
(266.0)(14.1)(280.1)(4.2)(284.3)
Balance, June 30, 20251
$175.1 $481.6 $656.7 $3.1 $659.8 
1 Includes $1.6 million and $1.1 million attributable to Kemper Reciprocal as of June 30, 2025 and December 31, 2024, respectively, which is reported as a consolidated VIE.
2 The Life Insurance segment includes increases to amortization expense related to experience adjustments of $1.9 million for the six months ended June 30, 2025.