Kemper Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	143.3	317.8	-272.1	-286.6	-123.7
Depreciation & Amortization	74.3	53.7	58.6	70.9	54.8
Other Amortization	-	-	-	-	45
Gain (Loss) on Sale of Investments	-1.2	-10.5	13.9	95.5	-118.2
Change in Accounts Receivable	10.5	-25.9	326.4	129.4	-75.2
Reinsurance Recoverable	-0.5	7	12.1	-1.9	20.6
Change in Unearned Revenue	-30.1	-26	-403.1	-183.5	105.9
Change in Income Taxes	-7	65.3	33.2	-83.6	-163.9
Change in Insurance Reserves / Liabilities	375.4	-2.3	-30.8	26.5	616.4
Change in Other Net Operating Assets	39.4	-	-35.9	-11.2	89.1
Other Operating Activities	-10.7	5.2	70	3.7	-
Operating Cash Flow	584.5	382.9	-134.2	-210.3	350.7
Operating Cash Flow Growth	52.65%	-	-	-	-21.72%
Capital Expenditures	-30.6	-53.2	-53.8	-30.8	-57.8
Cash Acquisitions	-	-	-	-	-316.6
Investment in Securities	431.3	-228	90.3	2	385.6
Other Investing Activities	6.9	22.8	81.3	-101.5	-83.2
Investing Cash Flow	336.2	-244.4	107.9	-108.4	-118.2
Long-Term Debt Issued	-	-	-	541.9	-
Total Debt Repaid	-450	-	-	-280	-50
Net Debt Issued (Repaid)	-450	-	-	261.9	-50
Issuance of Common Stock	3.7	3.8	4.3	4.9	5.4
Repurchases of Common Stock	-301.9	-38.9	-	-	-161.7
Common Dividends Paid	-79.6	-80.1	-80.1	-79.7	-80.6
Other Financing Activities	2.3	-3.6	-0.5	-1.5	3.7
Financing Cash Flow	-860.1	-137.2	-122	382.9	-290.4
Net Cash Flow	60.6	1.3	-148.3	64.2	-57.9
Free Cash Flow	553.9	329.7	-188	-241.1	292.9
Free Cash Flow Growth	68.00%	-	-	-	-25.77%
Free Cash Flow Margin	11.56%	7.11%	-3.80%	-4.37%	5.12%
Free Cash Flow Per Share	8.85	5.09	-2.94	-3.78	4.56
Cash Interest Paid	44.4	54.5	54.5	51.5	43.9
Cash Income Tax Paid	35.3	11.2	-106.7	0.7	38
Levered Free Cash Flow	2,605	-286.23	-275.74	-266.05	646.53
Unlevered Free Cash Flow	2,630	-250.66	-240.68	-231.86	673.78
Change in Working Capital	361	-20.2	-54.2	-110.1	515.3

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.