KEMPER Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data KEMPER Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	2,522	2,723	3,725	5,039	5,206	5,719	5,524	4,944	4,639	4,790
Operating expenses	2,518	2,562	3,526	4,378	4,696	5,968	5,895	5,291	4,250	4,629
Operating income	3.1	119	286	519	547	-334	-167	-68.9
Interest expense	44.4	34.9	43.3	42.5	36	43.6	54.7	56.1	56.9	38.5
Pre-tax income	3.5	161	199	662	510	-245	-390	-347	389	161
Income tax	-9.2	41.2	10.7	131	100	-126	-84.4	-74.8	76	28.1
Income from continuing operations	12.7	120	188	531	410	-124	-287	-272	318	143
Net income to minority interests						0	0	-0.2	-5.3	-10.7
Net income	16.8	121	190	531	410	-124	-287	-272	318	143
EBITDA	16.7	132	302	552	583	-288	-95.7	-10.3
EPS, basic	0.33	2.34	3.25	8.04	6.24	-1.92	-4.50	-4.25	4.95	2.31
EPS, diluted	0.33	2.33	3.22	7.96	6.14	-1.92	-4.50	-4.25	4.91	2.29
Shares, basic (weighted)	51.2	51.3	58.1	65.9	65.6	64.3	63.8	64	64.2	62
Shares, diluted (weighted)	51.2	51.6	58.8	66.5	66.7	64.3	63.8	64	64.8	62.6
Dividend per share	0.96	0.96	0.96	1.03	1.20	1.24	1.24	1.24	1.24	1.28

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	116	45.7	75.1	137	206	148	212	64.1	65.4	126
Short-term investments			286	471			278	521	1,037	314
Lease right-of-use assets				75.6	68.6	64.4	45.1	38.4	33.9	45.4
Goodwill	323	323	1,112	1,114	1,114	1,312	1,300	1,251	1,251	1,251
Intangible assets		133	261	328	320	293	267	269	266	227
Total assets	8,211	8,376	11,545	12,989	14,342	14,917	13,314	12,743	12,630	12,473
Short-term debt								0	450	0
Long-term debt								1,389	942	944
Total liabilities	6,235	6,261	8,495	9,017	9,779	10,909	10,643	10,238	9,846	9,803
Total debt	752	592	909	778	1,173	1,122	1,387	1,389	1,392	944
Paid-in capital	660	673	1,666	1,819	1,805	1,791	1,813	1,845	1,855	1,724
Retained earnings	1,173	1,243	1,356	1,810	2,071	1,763	1,366	1,014	1,232	1,158
Other comprehensive income	137	194	21.8	336	681	448	-515	-361	-305	-206
Shareholders' equity	1,975	2,116	3,050	3,972	4,563	-850	241	2,505	2,788	2,681
Minority interests							0	-0.2	-4.1	-12
Total equity	1,975	2,116	3,050	3,972	4,563	3,130	2,671	2,505	2,784	2,669
Total liabilities and equity	8,211	8,376	11,545	12,989	14,342	14,917	13,314	12,743	12,630	12,473
Shares outstanding	51.3	51.5	64.8	66.7	65.4	63.7	63.9	64.1	63.8	58.7

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	16.8	121	190	531	410	-124	-287	-272	313	133
Depreciation and amortization	13.6	13.1	15.6	32.8	36.2	46.3	70.9	58.6	53.7	74.3
Stock-based compensation	4.7	9.4	18.6	25.3	24.9	28	17.7	29	29.2	29.4
Deferred income tax	-2.3	15.1	46.5	68.5	13.6	-2.9	-90.6	-70.8	64.1	-30.2
Change in receivables		-29.2	-80.7	-84.3
Cash from operations	241	241	539	534	448	351	-210	-134	383	585
Capital expenditures		-35.5	-65.3	-84	-53.4	-57.8	-30.8	-53.8	-53.2	-30.6
Acquisitions	0	0	-561	0	0	-317	0	0
Purchases of investments	-850	-710	-2,413	-1,285	-1,293	-1,825	-1,816	-447	-1,013	-1,354
Cash from investing	-238	-105	-498	-633	-757	-118	-108	108	-244	336
Debt issued	0	200	249	49.9	396	0
Debt repaid	0	-360	-215	-185	0	-50	-280	0	0	-450
Stock issued	3.5	4	0	128	0	0	0.6	1.9	4.7	9.5
Share buybacks	-3.8	0	0	0	-110	-162	0	0	-38.9	-302
Dividends paid	-49.2	-49.5	-56.4	-67.8	-78.9	-80.6	-79.7	-80.1	-80.1	-79.6
Cash from financing	-48.4	-205	-12.2	161	378	-290	383	-122	-137	-860
Net change in cash			29.4	61.7	69.3	-57.9	64.2	-148	1.3	60.6
Free cash flow		205	474	450	395	293	-241	-188	330	554
Interest paid	44.2	34.7	37.9	44	34.6	43.9	51.5	54.5	54.5	44.4
Income taxes paid	0.5	13	0.2	68.1	55.8	-38	-0.7	-107	11.2	35.3

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $25.32 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Net margin	-10.8%	Net income / revenue.
FCF margin	8.7%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	9.5%	Cash from operations / revenue.
Return on equity (ROE)	-22.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-4.2%	Net income / average total assets.
Capex / revenue	0.8%	Capital expenditures / revenue.
D&A / revenue	1.6%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	3.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-4.6%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-1.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-54.9%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 5y	-19.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-53.4%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 5y	-17.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	52.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	5.5%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	68.0%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	7.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	3.2%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.1%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	1.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-3.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	123.2%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-10.1%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-1.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-2.2%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-2.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-3.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.6%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.3%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.43x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	7.9%	Total debt / total assets.
Liabilities / assets	81.7%	Total liabilities / total assets.
Net debt	$863.3M	Total debt - cash - short-term investments. Negative means more cash than debt.
Goodwill and intangibles / assets	6.6%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.41B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.38x	Revenue / average total assets.
Capex / operating cash flow	8.7%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$8.42	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$77.65	Revenue / diluted weighted shares.
FCF per share	$6.74	Free cash flow / diluted weighted shares.
Operating cash flow per share	$7.38	Cash from operations / diluted weighted shares.
Book value per share	$37.22	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$23.92	Tangible book value / shares outstanding.
Cash per share	$1.38	(Cash + short-term investments) / shares outstanding.
Dividends / FCF	19.2%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	67.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$1.49B	Share price x shares outstanding.
Enterprise value	$2.36B	Market cap + total debt - cash - short-term investments.
P/S	0.33x	Market cap / revenue.
P/B	0.68x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.06x	Market cap / tangible book value, when positive.
P/FCF	3.76x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	3.44x	Market cap / cash from operations, when positive.
EV/Sales	0.52x	Enterprise value / revenue.
EV/FCF	5.94x	Enterprise value / free cash flow, when both are positive.
FCF yield	26.6%	Free cash flow / market cap.
Earnings yield	-33.2%	Net income / market cap (the inverse of P/E).
Dividend yield	5.1%	Dividends paid over the period / market cap.
Shareholder yield	23.2%	(Dividends paid + share buybacks) / market cap.

What was KEMPER Corp's revenue in fiscal 2025?

KEMPER Corp reported revenue of $4.79B for fiscal 2025, 3.3% higher than the year before.

Was KEMPER Corp profitable in fiscal 2025?

Yes. Net income was $143.3M, a net margin of 3%.

How much free cash flow did KEMPER Corp generate in fiscal 2025?

Cash from operations of $584.5M minus capital expenditures of $30.6M left free cash flow of $553.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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