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Insurance - Property & casualty · Financial Services · Fiscal year ends Dec 31
Kemper reported revenue of $4.8B in the fiscal year ended Dec 2025, up 3.3% from the year before. Operating income was $199M, an operating margin of 4.2%, and net income was $143M. Operating cash flow of $585M less capital expenditure of $31M left free cash flow of $554M. Net debt was $818M.
Ranks among the 31 insurance - property & casualty companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 5,719 | 5,524 | 4,944 | 4,639 | 4,790 |
| Operating incomederived: pre-tax income + interest | −334 | −167 | −68.9 | 445 | 199 |
| Interest expense | 43.6 | 54.7 | 56.1 | 56.9 | 38.5 |
| Pre-tax income | −245 | −390 | −347 | 389 | 161 |
| Income tax | −126 | −84.4 | −74.8 | 76.0 | 28.1 |
| Net income | −124 | −287 | −272 | 318 | 143 |
| Diluted EPS | −1.92 | −4.50 | −4.25 | 4.91 | 2.29 |
| Diluted shares | 64.3 | 63.8 | 64.0 | 64.8 | 62.6 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 148 | 212 | 64.1 | 65.4 | 126 |
| Goodwill | 1,312 | 1,300 | 1,251 | 1,251 | 1,251 |
| Total assets | 14,917 | 13,314 | 12,743 | 12,630 | 12,473 |
| Short-term debt | – | – | 0.0 | 450 | 0.0 |
| Long-term debt | 1,122 | 1,387 | 1,389 | 942 | 944 |
| Total liabilities | 10,909 | 10,643 | 10,238 | 9,846 | 9,803 |
| Shareholders' equity | −850 | 241 | 2,505 | 2,788 | 2,681 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 351 | −210 | −134 | 383 | 585 |
| Capital expenditure | 57.8 | 30.8 | 53.8 | 53.2 | 30.6 |
| Free cash flow | 293 | −241 | −188 | 330 | 554 |
| Depreciation & amortisation | 46.3 | 70.9 | 58.6 | 53.7 | 74.3 |
| Stock-based compensation | 28.0 | 17.7 | 29.0 | 29.2 | 29.4 |
| Acquisitions | 317 | 0.0 | 0.0 | – | – |
| Share buybacks | 162 | 0.0 | 0.0 | 38.9 | 302 |
| Dividends paid | 80.6 | 79.7 | 80.1 | 80.1 | 79.6 |
| Dividend per share | 1.24 | 1.24 | 1.24 | 1.24 | 1.28 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −3.4% | −10.5% | −6.2% | 3.3% |
| Operating income growth (YoY) | – | – | – | – | −55.3% |
| EPS growth (YoY) | – | – | – | – | −53.4% |
| Operating margin | −5.8% | −3.0% | −1.4% | 9.6% | 4.2% |
| Net margin | −2.2% | −5.2% | −5.5% | 6.9% | 3.0% |
| Return on equityBlank when equity is negative | – | −118.9% | −10.9% | 11.4% | 5.3% |
| Free cash flow margin | 5.1% | −4.4% | −3.8% | 7.1% | 11.6% |
| Cash conversion (CFO ÷ net income) | −2.84x | 0.73x | 0.49x | 1.20x | 4.08x |
| Interest cover | −7.66x | −3.05x | −1.23x | 7.83x | 5.17x |
| Debt ÷ equity | – | 5.75x | 0.55x | 0.50x | 0.35x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 974 | 1,175 | 1,325 | 1,326 | 818 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.