KMPR Stock Cash Flow Statements

Kemper Quarterly Cash Flow Statements Chart

Quarterly

Annual

Operating Cash Flow

Investing Cash Flow

Financing Cash Flow

Kemper Quarterly Cash Flow Statements Table

Quarterly

Annual

Unit: USD	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-03-31	2018-06-30	2018-03-31	2017-09-30	2017-06-30	2017-03-31	2016-03-31	2015-06-30	2015-03-31	2014-09-30	2014-06-30	2014-03-31	2013-03-31	2012-06-30	2012-03-31	2011-09-30	2011-06-30	2011-03-31	2010-06-30	2010-03-31	2009-09-30	2009-06-30	2009-03-31	2008-09-30	2008-06-30	2008-03-31	2007-06-30	2007-03-31	2006-09-30	2006-06-30	2006-03-31	2005-09-30	2005-06-30	2005-03-31	2004-09-30	2004-06-30	2004-03-31	2003-09-30

cash flows from operating activities:
net income	69,800,000	97,000,000	95,700,000	72,200,000	74,400,000	70,200,000	51,300,000	-146,400,000	-97,100,000	-80,100,000	-55,500,000	-76,200,000	-74,700,000	-94,800,000	-105,800,000	-75,300,000	-62,600,000	123,200,000	97,500,000	122,300,000	126,100,000	64,000,000	155,300,000	37,600,000	53,800,000	47,700,000	36,600,000	-300,000	-2,100,000	29,700,000	13,500,000	4,700,000	9,300,000	35,100,000	58,400,000	45,900,000	43,600,000	58,300,000	-500,000	54,100,000	86,000,000	48,200,000	62,100,000	41,900,000	-5,600,000	-39,300,000	-2,900,000	22,500,000	62,200,000	72,400,000	221,500,000	135,400,000	66,000,000	168,800,000	146,100,000	67,900,000	166,900,000	110,400,000	48,000,000	79,200,000
adjustments to reconcile net income to net cash from operating activities
net realized investment gains	100,000	-900,000				-6,600,000				-6,400,000																																					-5,000,000	-6,200,000	-17,000,000	-22,500,000	-23,700,000	-20,600,000	-11,600,000	-53,500,000	-45,700,000	-5,700,000	-67,200,000	-42,500,000	-18,500,000
impairment losses	3,600,000	-300,000	2,000,000	2,200,000	100,000	1,500,000					3,700,000	8,300,000	4,900,000	8,900,000	3,200,000	600,000	3,200,000	4,000,000	-500,000	1,000,000	7,000,000	12,000,000
depreciation and amortization of property, equipment, software and intangible assets acquired	13,000,000	12,500,000
settlement related to defined benefit pension plan				100,000
change in accumulated undistributed earnings of equity method limited liability investments	5,400,000	600,000	6,400,000	1,500,000	17,200,000	6,000,000	1,800,000	-1,600,000	-2,100,000	800,000	4,200,000	4,600,000	-12,500,000	-5,800,000	17,400,000	-12,000,000	-20,800,000	-18,100,000	-9,600,000
change in fair value of equity and convertible securities	500,000	-100,000	2,600,000	2,300,000
changes in:
receivables from policyholders	14,300,000	-78,500,000	2,500,000	4,200,000	-37,000,000	4,400,000	142,400,000	143,700,000	97,700,000	-57,400,000	59,800,000	26,000,000	29,400,000	14,200,000	62,500,000	-1,300,000	-69,700,000	-66,700,000	54,800,000
reinsurance recoverables	2,700,000	-900,000	2,400,000	500,000	2,300,000	1,800,000	500,000	0	7,500,000	4,100,000	-100,000	-2,100,000	600,000	-300,000	-3,800,000	3,200,000	16,200,000	5,000,000	3,000,000
deferred policy acquisition costs	-8,600,000	-21,200,000	-8,000,000	-13,700,000	-12,400,000	-4,200,000	30,500,000	24,000,000	5,300,000	-15,900,000	9,600,000	7,100,000	-500,000	-2,400,000	-1,000,000	-23,800,000	-42,200,000	-21,300,000	-11,800,000																		455,800,000
insurance reserves	44,200,000	43,100,000	40,800,000	37,600,000	-11,700,000	-69,000,000	-38,700,000	55,600,000	-25,900,000	-21,800,000	54,700,000	-22,200,000	10,000,000	2,900,000	193,300,000	181,000,000	219,000,000	29,800,000	48,600,000																										-100,400,000	1,600,000
unearned premiums	-16,600,000	100,800,000	-23,100,000	-8,000,000	29,200,000	-24,100,000	-183,800,000	-180,100,000	-112,800,000	73,600,000	-90,100,000	-49,100,000	-36,100,000	-8,200,000	-67,000,000	-2,300,000	77,300,000	97,900,000	-66,500,000																										-48,800,000	0
income taxes	-4,300,000	22,700,000	22,800,000	3,800,000	11,800,000	26,900,000	5,700,000	-45,100,000	-33,600,000	106,200,000	-21,300,000	-17,100,000	-18,600,000	-30,500,000	-41,600,000	-54,200,000	-30,000,000	-37,300,000	24,500,000
other	-34,500,000	5,200,000	-10,800,000	-700,000	13,500,000	300,000	-11,800,000	-8,000,000	-2,200,000	1,100,000	-100,000	5,700,000	2,200,000	700,000	6,800,000	4,700,000	400,000	4,900,000	7,400,000	5,700,000	9,400,000	-9,100,000	5,100,000	-600,000	5,600,000	3,700,000	-1,100,000	-1,000,000	4,000,000	9,100,000	9,800,000	7,000,000	5,800,000	4,900,000	8,400,000	18,900,000	11,400,000	26,300,000	6,600,000	10,800,000	12,600,000	6,400,000	4,900,000	15,400,000	12,400,000	-100,000	6,800,000	10,400,000	7,800,000	9,700,000	18,300,000	12,800,000	12,800,000	32,000,000	20,700,000	3,500,000	31,600,000	25,100,000	9,500,000	32,300,000
net cash from operating activities	89,600,000	180,000,000	175,100,000	141,900,000	22,900,000	43,000,000	-29,700,000	-38,600,000	-71,100,000	5,200,000	-40,200,000	-80,100,000	-71,800,000	-18,200,000	43,100,000	69,900,000	97,100,000	140,600,000	196,700,000	-12,500,000	201,500,000	62,300,000	89,000,000	117,400,000	74,000,000	60,500,000	55,700,000	48,300,000	77,200,000	51,700,000	29,000,000	26,800,000	35,500,000	37,100,000	81,300,000	56,700,000	55,600,000		-52,000,000	73,200,000	50,000,000	25,500,000	53,200,000	60,300,000	26,600,000	50,600,000	12,500,000	51,300,000	50,800,000	105,500,000	239,600,000	167,200,000	97,000,000	337,000,000	202,700,000	126,900,000	233,300,000	192,700,000	177,700,000	483,100,000
cash flows from investing activities:
proceeds from the sales, calls and maturities of fixed maturities	310,300,000	215,100,000	387,300,000	300,000,000	306,000,000	323,200,000
proceeds from the sales or paydowns of investments:
equity securities	4,700,000	7,300,000	22,000,000	-3,500,000	5,900,000	13,400,000	75,100,000	41,400,000	13,000,000	19,500,000	77,700,000	54,600,000	154,000,000	249,700,000	176,900,000	58,100,000	54,300,000	27,300,000	-2,100,000
mortgage loans	29,400,000	24,100,000	25,100,000	24,600,000	37,800,000	34,100,000	26,300,000	26,400,000	23,900,000	18,600,000	21,400,000	23,300,000	23,800,000	22,800,000	17,700,000	22,800,000	17,500,000	12,800,000	6,900,000
other investments	6,700,000	5,900,000	10,900,000	2,300,000	5,100,000	3,500,000	7,100,000	6,100,000	2,500,000	2,600,000	10,200,000	5,000,000	16,400,000	20,500,000	7,800,000	-18,200,000	50,900,000	7,000,000	18,700,000
purchases of investments:
fixed maturities	-366,300,000	-302,500,000	-220,300,000	-213,800,000	-291,500,000	-286,900,000	-84,700,000	-27,900,000	-41,500,000	-293,300,000	-429,100,000	-360,800,000	-498,700,000	-527,200,000	-503,200,000	-355,100,000	-463,900,000	-503,200,000	-283,600,000
real estate investments	100,000	-1,100,000	4,600,000	-300,000	-400,000	-200,000		-500,000	-100,000	-200,000					1,800,000	3,900,000			0
net sales (purchases) of short-term investments											79,700,000	-127,600,000	13,700,000	40,300,000	-27,900,000	109,400,000	-71,700,000	677,400,000	-242,900,000
acquisition of software and long-lived assets	-7,600,000	-7,700,000	-9,700,000	-10,500,000	-17,700,000	-15,300,000	-14,700,000	-13,700,000	-15,400,000	-10,000,000	-3,700,000	-3,400,000	-7,700,000	-16,000,000	-13,900,000	-18,400,000	-16,300,000	-9,200,000	-7,200,000	-6,800,000	-19,300,000	-20,100,000
settlement proceeds from company-owned life insurance	0	2,900,000	7,300,000	0	1,300,000	4,900,000	0	0
net cash from investing activities	10,300,000	351,100,000	-154,800,000	-122,200,000	-6,700,000	39,300,000	2,700,000	140,300,000	103,100,000	-138,200,000	21,200,000	2,900,000	92,600,000	-225,100,000		-21,100,000	-389,600,000	311,700,000																		8,200,000		684,600,000	288,500,000	68,600,000	118,500,000		114,000,000
cash flows from financing activities:
repayment of long-term debt	0	-450,000,000									0	0	0	-280,000,000	0	0	0	-50,000,000								0
proceeds from policyholder contract obligations	10,000,000	20,000,000	39,400,000	3,700,000	33,600,000	25,500,000	0	8,800,000	25,200,000	89,300,000
repayment of policyholder contract obligations	-800,000	-25,900,000	-20,000,000	-29,900,000	-50,100,000	-20,600,000	-600,000	-52,600,000	-25,800,000	-90,000,000
proceeds from shares issued under employee stock purchase plan	1,000,000	800,000	900,000	900,000	1,100,000	900,000	1,000,000	1,100,000	1,200,000	1,000,000	1,100,000	1,300,000	1,200,000	1,300,000	1,500,000	1,400,000	1,300,000	1,200,000	1,300,000	1,200,000	900,000	1,000,000
common stock repurchases	-28,500,000	-4,000,000	-13,900,000												0	-10,000,000	-109,600,000	-42,100,000	0	0	-14,500,000	-95,900,000							-3,800,000	-1,800,000	-23,400,000	-36,400,000	-62,400,000	-7,700,000	-6,500,000	-39,300,000	-17,900,000	-21,700,000	-3,400,000	-18,300,000	-12,200,000					-10,300,000	-5,200,000	-52,200,000	-46,800,000	-28,000,000	-72,600,000	-29,200,000	-4,000,000	-24,100,000						-1,400,000
dividends paid	-20,800,000	-20,200,000	-20,000,000	-20,300,000	-20,300,000	-19,500,000	-20,300,000	-20,200,000	-20,200,000	-19,400,000
net cash from financing activities	-38,300,000	-481,100,000	-11,800,000	-70,200,000	-35,500,000	-19,700,000	-21,300,000	-62,900,000	-19,000,000	-18,800,000	-20,900,000	-19,100,000	30,500,000	392,400,000		-34,100,000	-149,800,000	-111,000,000	-55,100,000	367,900,000	57,300,000	8,200,000																																29,500,000	37,100,000	71,100,000	44,700,000	122,200,000	121,000,000
net increase in cash1	61,600,000	50,000,000	8,500,000	-50,500,000	-19,300,000	62,600,000
cash, beginning of year1	0	65,400,000	0	0	0	64,100,000
cash, end of period1	61,600,000	115,400,000		-50,500,000	-19,300,000	126,700,000
1includes amounts attributable to kemper reciprocal reported as non-controlling interest.
net sales of short-term investments		493,600,000				2,400,000				700,000
adjustments to reconcile net income to net cash from operating activities:
net realized investment (gains) losses			-4,000,000	-1,100,000								12,100,000	-11,000,000	-1,500,000	-21,700,000	-10,000,000	-19,300,000	-13,800,000	100,000																										24,200,000															-25,500,000
settlement costs related to defined benefit pension plan							0
income from early extinguishment of debt											0	0	0	3,700,000																0	9,100,000
change in value of alternative energy partnership investments			-800,000	-500,000
goodwill impairment							0	0
pension plan assets reverted to the company
corporate-owned life insurance																	0	-100,000,000	0
net (purchases) sales of short-term investments
sales of businesses, net of cash disposed
dollars in millions
proceeds from issuance of 3.800% senior notes due february 23, 2032											0	0	0	396,300,000
issuance fees on 3.800% senior notes due february 23, 2032											0	0	0	-1,200,000
proceeds from issuance of 5.875% fixed-rate reset junior subordinated debentures due 2062											0	0	0	145,600,000
issuance fees on 5.875% fixed-rate reset junior subordinated debentures due 2062											0	0	0	-900,000
cash, end of year1
depreciation and amortization of property, equipment and software				10,900,000	11,000,000	11,400,000	5,300,000	12,900,000	14,300,000	11,900,000	11,600,000	12,400,000	13,100,000	13,400,000	13,500,000	10,600,000	11,100,000	11,100,000	9,600,000	9,800,000	8,800,000	8,000,000
amortization of intangibles assets acquired				2,200,000	2,100,000	3,200,000		3,100,000	3,600,000	4,300,000		4,800,000	5,000,000	6,200,000		15,800,000	27,400,000	3,200,000	4,700,000
other assets and liabilities				27,700,000	-60,500,000	25,300,000	-31,000,000	-2,700,000	10,300,000	-9,600,000	-16,000,000	500,000	-26,800,000	31,100,000	-5,100,000	13,200,000	20,600,000	60,400,000	51,300,000
net purchases of short-term investments				-171,500,000
income from change in value of alternative energy partnership investments						-400,000
income from change in value of equity and convertible securities						-3,400,000
net realized investment losses							-19,700,000	30,300,000
amortization of intangible assets acquired																					4,800,000	4,700,000	8,700,000	1,500,000	300,000	1,300,000	1,400,000	1,200,000	1,600,000
(income) income from change in value of alternative energy partnership investments							-600,000	-800,000	-800,000	-700,000		-400,000	4,900,000	16,700,000		23,800,000	7,700,000	15,400,000
increase in value of equity and convertible securities							2,200,000	-2,800,000	-2,400,000	-1,700,000		11,200,000	40,500,000	28,200,000	-22,200,000	600,000	-40,800,000	-52,200,000
acquisition of business, net of cash acquired															0	-100,000																											0	0	-190,000,000	400,000
net increase in cash							-48,300,000	38,800,000	13,000,000	-151,800,000
cash, beginning of year							0	0	0	212,400,000			0	148,200,000	0	0	0	206,100,000	0	0	0	136,800,000	75,100,000	0	45,700,000	0	0	115,700,000	161,700,000	0	76,100,000	0	0	66,500,000	96,300,000	251,200,000	251,200,000	117,200,000	0	117,200,000	143,700,000	143,700,000							0	157,900,000	44,500,000	44,500,000	44,500,000	82,100,000	82,100,000	82,100,000	65,700,000	65,700,000	65,700,000	16,900,000
cash, end of year
impairment (gains) losses								1,100,000	900,000	-2,100,000
proceeds from sales, calls and maturities of fixed maturities								176,800,000	199,000,000	154,000,000		454,500,000	436,300,000	128,600,000		289,500,000	434,900,000	291,200,000	265,400,000
company-owned life insurance												-10,000,000	0	-100,000,000
sale of businesses, net of cash acquired
net increase in cash, including held-for-sale
cash at beginning of year, including held-for-sale
cash at end of period, including held-for-sale
net increase in cash, held-for-sale
cash at beginning of year, held-for-sale
cash at end of period, held-for-sale
cash, end of period								38,800,000	13,000,000	60,600,000			51,300,000	297,300,000		14,700,000	-442,300,000	547,400,000	-146,100,000	-37,100,000	88,000,000	301,300,000	107,000,000	534,500,000	115,400,000	-23,300,000	40,900,000	120,000,000	160,400,000	6,100,000	87,700,000	31,300,000	-3,200,000	65,000,000	97,500,000	249,500,000	128,700,000	471,000,000	46,300,000	77,500,000	97,900,000	149,900,000	4,700,000	31,000,000	66,200,000	-9,000,000			1,200,000	51,900,000	43,000,000	42,900,000	43,400,000	55,800,000	37,000,000	62,400,000	67,800,000	58,000,000	109,100,000	13,300,000
decrease (increase) in value of equity and convertible securities
net cash provided used in investing activities
proceeds from issuance of 2.400% senior notes due september 30, 2030
issuance fees on 2.400% senior notes due september 30, 2030
sale of infinity security, net of cash acquired
proceeds from policyholder obligations												30,300,000	81,000,000	208,600,000		165,400,000	72,000,000	60,700,000
repayment of policyholder obligations												-30,800,000	-31,500,000	-57,800,000		-171,300,000	-95,300,000	-61,500,000
dividends and dividend equivalents paid												-19,900,000	-20,200,000	-19,800,000	-19,800,000	-19,600,000	-20,200,000	-21,000,000	-19,600,000	-19,600,000	-19,700,000	-20,000,000	-16,400,000	-12,400,000	-12,500,000	-12,400,000	-12,400,000	-12,300,000	-12,200,000	-12,500,000	-12,300,000	-12,600,000	-13,300,000	-13,300,000
net increase in cash, net of held-for-sale
cash at beginning of year, net of held-for-sale
cash at end of period, net of held-for-sale
increase in cash													51,300,000	149,100,000	28,400,000	14,700,000	-442,300,000	341,300,000	-146,100,000	-37,100,000	88,000,000	164,500,000	31,900,000	534,500,000	69,700,000	-23,300,000	40,900,000	4,300,000	-1,300,000	6,100,000	11,600,000			-1,500,000	1,200,000	-1,700,000		353,800,000	46,300,000	-39,700,000		17,200,000												-26,300,000		-19,700,000	2,100,000	-7,700,000	43,400,000
balance, december 31, 2021
other comprehensive income
cash dividends and dividend equivalents to shareholders
shares issued under employee stock purchase plan
equity-based compensation cost
equity-based awards, net of shares exchanged																					0	200,000	200,000
balance, june 30, 2022
repurchases of common stock																					-100,000	-1,500,000
balance, march 31, 2022
contribution to defined benefit pension plan
net cash used by investing activities																							-219,700,000		-2,000,000			-32,700,000					36,500,000	-162,200,000	-60,300,000										-165,000,000			-8,500,000	-365,000,000	-167,800,000	-201,100,000	-133,800,000	-78,200,000	-392,800,000	-284,900,000	-217,700,000	-275,900,000	-322,600,000	-255,300,000	-673,600,000
net proceeds from issuance of long-term debt																			0							0
proceeds from issuance of common stock, net of transaction costs
net cash provided (used) by financing activities																							162,600,000							-13,800,000	-45,100,000		-75,200,000	123,600,000								-101,200,000			20,400,000						-40,000,000	-35,000,000	-19,900,000							186,900,000
dollars and shares in millions, except per share amounts
balance, december 31, 2018																							64,700,000
issuances of common stock
balance, december 31, 2019																					0	66,700,000
balance, december 31, 2020
balance, september 30, 2021
balance, june 30, 2021
other comprehensive income, net of taxes
balance, march 31, 2021
decrease (increase) in value of equity and convertible securities at fair value																			-73,100,000	-45,200,000	-71,600,000	117,800,000
balance, december 31, 2017
cumulative effect of adoption of new accounting standard
balance, january 1, 2018 as adjusted
repurchase of common stock
net cash provided (used in) by investing activities
proceeds from policyholder contract liabilities																				68,900,000	166,300,000	156,600,000
repayment of policyholder contract liabilities																				-79,600,000	-76,600,000	-36,200,000
balance, september 30, 2020
operating activities:
increase in deferred policy acquisition costs																					-9,300,000	-13,800,000	-29,200,000	-10,800,000	-12,700,000	-13,100,000	-8,600,000	-7,900,000	-2,900,000			-1,900,000			-1,100,000	-9,500,000	-3,900,000	-14,300,000	-5,900,000	-5,000,000	-3,800,000	-600,000	-3,500,000	-4,500,000	-3,400,000	-1,100,000	-3,800,000	-5,400,000	-5,700,000	-4,300,000	-14,400,000	-14,200,000	-5,700,000	-23,400,000	-16,400,000	-7,400,000	-19,200,000	-11,000,000	-3,400,000	-17,800,000
equity in earnings of equity method limited liability investments																					12,700,000	-1,800,000	-3,600,000	-1,400,000	-7,100,000							-4,900,000	-1,300,000	-3,500,000	-8,600,000	-7,800,000	-6,700,000	-7,200,000	-10,900,000	-10,000,000
distribution of accumulated earnings of equity method limited liability investments																						1,100,000	4,300,000	3,900,000	1,100,000	4,800,000	6,000,000	5,100,000	5,400,000	900,000	400,000	2,000,000	5,400,000	7,000,000	3,400,000	7,700,000
amortization of investment securities and depreciation of investment real estate																					600,000	400,000	1,600,000	600,000	2,300,000	4,100,000	3,900,000	4,800,000	4,300,000	4,300,000	2,700,000	4,000,000	3,500,000	3,800,000	4,600,000	7,100,000	4,100,000	12,200,000	3,700,000	4,600,000	9,200,000	4,100,000	3,000,000	3,900,000	4,700,000	2,100,000	2,700,000	2,600,000
net realized gains on sales of investments																					-11,700,000	-16,500,000	-16,100,000	-3,800,000	-2,600,000	-8,100,000	-26,400,000	-10,500,000	-6,800,000	-34,000,000	-3,400,000	-8,000,000	-3,500,000	-6,600,000	-26,900,000	-9,000,000	-4,900,000	-28,200,000	-17,900,000	-14,500,000	-7,400,000	-4,500,000	-12,400,000
increase in receivables																					53,100,000	-89,400,000	-56,100,000	-24,200,000	-14,500,000	-18,000,000	13,000,000	-22,200,000	-10,100,000		-8,400,000
increase in insurance reserves																					-67,300,000	-29,400,000	3,800,000	63,700,000	2,100,000	11,600,000	-6,800,000	66,600,000	54,600,000	11,800,000	11,500,000		-3,400,000	6,000,000		8,100,000							-20,800,000	-6,300,000	-38,800,000	52,500,000	4,700,000	10,900,000		-10,300,000	-31,500,000	-11,000,000
increase in unearned premiums																					21,200,000	75,900,000	75,200,000	33,600,000	36,300,000	21,500,000	10,400,000	21,400,000	8,500,000						-4,100,000		2,100,000	8,500,000		1,800,000		-10,000,000			1,700,000	18,800,000	-59,500,000	29,300,000	5,200,000	-1,000,000	5,300,000	5,700,000
change in income taxes																					31,800,000	14,700,000	40,100,000	700,000	18,100,000	18,000,000	11,700,000	-2,300,000	-4,600,000	-17,400,000	-10,500,000	-500,000	-22,500,000	10,100,000	25,300,000	-15,000,000	16,200,000	-7,500,000	-41,900,000	39,500,000	-14,500,000	-2,100,000	21,600,000	-5,100,000	-46,300,000
change in accrued expenses and other liabilities																					87,000,000	-76,300,000	-42,400,000	13,800,000	-13,500,000
investing activities:
sales, paydowns and maturities of fixed maturities																					257,000,000	225,500,000	402,600,000	209,700,000	397,800,000	162,300,000	115,700,000	89,700,000	142,000,000	282,300,000	121,700,000	111,300,000	154,000,000	188,800,000
purchases of fixed maturities																					-438,300,000	-393,900,000	-368,400,000	-225,100,000	-408,600,000	-137,400,000	-87,900,000	-176,500,000	-102,700,000	-217,400,000	-92,300,000	-178,600,000	-127,100,000	-98,600,000	-307,500,000	-191,100,000	-136,100,000	-577,100,000	-119,100,000	-197,700,000	-275,600,000	-141,500,000	-276,300,000	-98,700,000	-203,700,000	-252,600,000	-327,000,000	-330,100,000	-165,400,000	-35,100,000	-245,300,000	-183,200,000	-78,300,000	-448,100,000	-376,200,000	-260,100,000	-1,206,100,000	-638,300,000	-405,200,000	-1,742,000,000
sales of equity and convertible securities																					10,500,000	372,100,000	39,600,000
purchases of equity and convertible securities																					-19,200,000	-290,000,000	-207,600,000
acquisition and improvements of investment real estate																					0	-100,000	-400,000															-4,000,000	-1,000,000	-1,900,000	-1,700,000	-1,400,000	-1,300,000	-1,900,000	-2,400,000	-5,500,000	-8,200,000	-7,400,000	-4,200,000	-1,500,000	-9,600,000	-4,300,000	-1,800,000	-34,000,000	-9,500,000	-5,000,000	-26,700,000	-24,600,000	-16,500,000	-19,900,000
sales of investment real estate																					3,500,000	1,900,000				11,500,000	11,900,000	2,800,000				0	0	900,000	3,800,000			300,000	0	200,000			0											41,900,000	41,900,000
sale of and return of investment of equity method limited liability investments																					8,000,000	4,000,000	7,100,000
acquisitions of equity method limited liability investments																					-3,200,000	-9,200,000	-18,600,000	-9,100,000	-3,500,000	-5,200,000	-4,000,000	-5,300,000	-15,000,000	-5,800,000	-4,700,000	-3,800,000	-8,500,000	-7,500,000	-5,100,000	-16,100,000	-9,300,000	-17,500,000	-9,800,000	-2,300,000	-16,600,000	-15,000,000
decrease (increase) in short-term investments																					24,900,000	301,800,000	-53,300,000	20,400,000	47,200,000	-103,800,000	114,900,000	29,300,000				163,900,000				-25,300,000		282,100,000		-12,900,000
acquisition of mortgage loans																					-5,900,000	-4,600,000
paydowns of mortgage loans																					4,600,000	8,500,000
increase in other investments																					500,000	-400,000	-10,600,000	0	2,100,000	-400,000	-100,000	-800,000	-1,000,000	-300,000	-1,100,000	-3,000,000	-600,000	-1,800,000	-2,000,000	-4,200,000	-1,800,000	-10,200,000	-2,900,000	-2,400,000	-4,800,000	-2,100,000	-4,600,000
purchases of corporate-owned life insurance																					0	-100,000,000
net cash provided (used) by investing activities																					-170,800,000	94,000,000				-74,100,000			-63,000,000		27,700,000						-146,700,000					92,900,000				83,000,000
financing activities:
cash exercise of stock options																					900,000	2,700,000	1,300,000	0	600,000	2,800,000	0	900,000		300,000	1,600,000							100,000	0	100,000	100,000					0	1,200,000	400,000	1,400,000	100,000	4,000,000	3,800,000	2,000,000	15,200,000	8,500,000	3,300,000	20,300,000	18,200,000	13,300,000
balance, june 30, 2020
other comprehensive loss
balance, march 31, 2020																						65,400,000
increase in value of equity and convertible securities at fair value																							-64,400,000
net impairment losses recognized in earnings																							3,600,000	0	500,000	2,900,000	2,600,000	5,000,000	9,300,000	2,200,000	7,000,000	3,800,000	4,100,000	800,000	1,900,000	900,000	500,000	6,700,000	1,300,000	400,000	8,100,000	3,200,000	14,500,000
increase in short-term investments																													-111,700,000		-15,200,000			-224,800,000	-36,300,000		-116,700,000
decrease (increase) in other investments
proceeds from collateralized investment borrowings																							187,700,000
repayment of collateralized investment borrowings																							-10,000,000
issuance of common stock, net of transaction costs
balance, september 30, 2019
depreciation of property and equipment																							3,100,000	3,200,000	5,000,000	3,600,000	3,000,000	3,200,000	4,000,000	3,300,000	3,200,000	4,200,000	4,500,000	4,300,000	4,200,000	6,200,000	3,300,000	10,400,000	3,400,000	3,400,000	6,200,000	3,000,000	3,700,000	4,600,000	4,600,000	4,200,000	4,600,000	5,300,000
acquisition and development of software																							-9,300,000	-10,700,000	-22,100,000	-7,500,000	-11,300,000	-10,000,000
balance, march 31, 2019																							64,900,000
decrease (increase) in value of fair value option investments reported in investment income																										-400,000	600,000	-1,100,000	2,600,000
decrease (increase) in value of equity securities at fair value																								-400,000	-700,000
sales of equity securities																								90,500,000	32,400,000	39,200,000	137,200,000	53,900,000	41,600,000	124,700,000	18,700,000	14,500,000	34,800,000	35,100,000	24,900,000	28,200,000	7,700,000	236,600,000	105,100,000	37,300,000	7,100,000	5,900,000	66,400,000	14,700,000	13,900,000
purchases of equity securities																								-10,800,000	-51,100,000	-36,100,000	-137,900,000	-59,500,000	-19,000,000	-92,000,000	-11,700,000	-14,100,000	-14,000,000	-67,000,000	-40,700,000	-61,700,000	-17,400,000	-181,300,000	-95,100,000	-8,800,000	-37,000,000	-7,100,000	0	-600,000	-1,000,000						-135,600,000	-118,700,000	-12,900,000	-40,200,000	-29,000,000	-17,700,000	-59,400,000	-34,200,000	-11,200,000	-30,000,000
return of investment of equity method limited liability investments																								4,600,000	1,600,000	4,100,000	6,700,000	25,500,000	5,500,000	4,700,000	16,300,000				13,100,000	16,400,000	10,600,000	47,700,000	21,500,000	14,200,000	16,200,000	10,600,000
sales of fair value option investments																										7,300,000	12,900,000	22,000,000				0
improvements of investment real estate																								300,000	-700,000	-300,000	-400,000	-600,000	-900,000	-200,000	-600,000	-600,000	-500,000	-800,000	-1,000,000	-2,700,000	-1,100,000
proceeds from advances from fhlb																								110,000,000	10,000,000
u.s. government and government agencies and authorities																								-6,800,000	663,200,000	2,900,000	-7,400,000	347,300,000	290,100,000		307,000,000	-12,000,000	-6,900,000	339,300,000	389,200,000				-54,200,000	515,500,000
states and political subdivisions																								3,500,000	1,461,700,000	-31,000,000	-11,900,000	1,657,900,000	1,473,200,000		1,355,900,000	40,700,000	-1,400,000	1,296,700,000	1,258,900,000				51,900,000	1,727,700,000
foreign governments																								1,600,000	3,100,000	-600,000	-700,000	4,400,000
corporate securities:
bonds and notes																								5,000,000	2,712,700,000	700,000	-8,700,000	2,804,900,000	2,665,600,000		2,575,400,000	-18,200,000	-14,300,000	2,621,900,000	2,651,000,000				28,200,000	1,928,100,000
collateralized loan obligations																								12,700,000	214,300,000	-2,100,000	1,000,000	119,500,000	91,200,000		69,100,000	13,400,000	4,900,000	44,200,000
other mortgage- and asset-backed																								0	5,000,000	0	-500,000	900,000	3,700,000		3,900,000
investments in fixed maturities																								16,000,000	5,060,000,000	-30,100,000	-28,200,000	4,935,000,000	4,527,100,000		4,317,200,000	23,700,000	-17,900,000	4,312,700,000	4,342,600,000				19,100,000	4,262,700,000
net cash used by financing activities																									-2,300,000	-9,700,000	-172,100,000	-11,300,000	-15,500,000						-19,800,000	-66,600,000	-31,400,000	-320,700,000	-190,200,000	-181,500,000	-211,400,000		-162,500,000					-93,200,000		-43,700,000
purchases of fair value option investments																																-10,000,000
redeemable preferred stocks																										0	0	100,000	3,300,000		5,900,000	-200,000	-100,000	6,500,000	10,800,000				-4,900,000	83,300,000
equity in (earnings) loss of equity method limited liability investments																											-4,000,000	-6,800,000
increase in accrued expenses and other liabilities																											13,400,000	-6,900,000	5,100,000	25,600,000	1,900,000	-5,400,000	3,200,000	2,300,000	20,700,000	2,200,000	6,800,000		-13,300,000	28,700,000	5,100,000	-4,500,000	-1,000,000	3,800,000	4,200,000	3,500,000	18,900,000	-11,100,000	2,000,000	1,300,000	-34,000,000			18,100,000	-6,000,000	-21,900,000	14,500,000	900,000	99,300,000	54,800,000
net proceeds from issuances of debt																													10,000,000	21,000,000	267,800,000
repayments of debt																													-10,000,000	-21,000,000	-279,300,000
equity in losses of equity method limited liability investments																													4,300,000
acquisition of software																													-1,300,000	-2,700,000	-2,900,000	-2,900,000	-2,600,000	-3,000,000	-6,600,000
increase in value of fair value option investments reported in investment income																														-1,800,000	-900,000
write-off of long-lived asset
decrease in receivables																																-7,900,000			8,700,000
decrease in unearned premiums																														3,800,000	-6,900,000	-3,600,000	-10,700,000	-16,400,000		-700,000					-24,900,000		-3,100,000
disposition of subsidiary, net of cash disposed
investments																																													211,300,000	0
cash																																													11,600,000
other receivables																																													33,700,000	-100,000
value of intangible assets acquired
goodwill																																													2,700,000	-900,000
current income taxes
other assets																																													2,500,000	0
property and casualty insurance reserves
liabilities for income taxes																																					74,400,000												-37,400,000	328,500,000
accrued expenses and other liabilities																																													-7,200,000	-600,000
total purchase price																																													201,600,000	-300,000
decrease (increase) in deferred policy acquisition costs																															-2,300,000			1,100,000
amortization of life insurance in force acquired and customer relationships acquired																															1,600,000	1,700,000	1,900,000	1,800,000	2,100,000	4,100,000	2,000,000
equity in loss (earnings) of equity method limited liability investments																															700,000
appreciation on fair value option investments																																-300,000
decrease in insurance reserves																																			-15,700,000		-13,100,000	-25,600,000		-13,400,000	-34,600,000	-22,900,000
sales of and return of investment of equity method limited liability investments																																11,000,000	16,300,000	10,100,000
purchase of corporate-owned life insurance
disposition of business, net of cash disposed																																0	0	8,900,000	3,800,000								0			-400,000
net proceeds from issuance of subordinated debentures																																0	0	144,200,000
decrease in cash																																					-122,500,000				-42,900,000		4,700,000	31,000,000	-118,000,000	-9,000,000	8,000,000	-50,400,000	1,200,000	-106,000,000	-1,500,000	-1,600,000	-1,100,000		-45,100,000					-3,600,000
other mortgage and asset-backed																																	-100,000	4,100,000
decrease (increase) in receivables																																		-13,600,000
adjustments to reconcile net income to net cash provided (used) by operating activities:
net gain on sale of portfolio of automobile loan receivables
benefit for loan losses																																				-2,000,000	-2,000,000	-34,100,000
sales and maturities of fixed maturities																																			297,500,000	268,900,000	103,700,000	547,800,000	195,000,000	176,600,000	260,800,000	116,100,000	166,400,000	244,000,000	104,400,000	207,100,000	327,800,000	382,800,000	147,200,000	102,700,000	387,900,000	283,000,000	104,000,000	392,600,000	347,800,000	181,400,000	602,800,000	418,700,000	301,100,000	1,204,100,000
net proceeds (payments) from sale of portfolio of automobile loan receivables																																			-500,000
receipts from automobile loan receivables																																				2,000,000	2,000,000	158,600,000	60,000,000	73,600,000
cash dividends paid to shareholders																																			-14,000,000	-28,800,000	-14,500,000	-43,700,000	-14,500,000	-14,700,000	-27,500,000	-13,700,000
excess tax benefits from share-based awards																																			300,000	600,000	500,000	200,000	0	100,000	100,000		0	0	100,000	0	100,000	100,000	300,000	500,000	2,400,000	1,400,000	500,000
canadian government and provinces																																			600,000
mortgage and asset-backed																																			32,100,000				-1,900,000	8,100,000
net gain on sale of portfolio of charged-off automobile loan receivables																																				-12,400,000	-11,300,000
decrease in other receivables																																				12,000,000					28,200,000	12,700,000							21,500,000	12,100,000		61,400,000	17,900,000		24,400,000	29,700,000	26,600,000	67,700,000	8,300,000
net proceeds from sale of portfolio of charged-off automobile loan receivables																																				13,200,000	20,100,000
repayments of certificates of deposits																																						-321,800,000	-172,700,000	-149,100,000
decrease in:
income from continuing operations																																				-5,000,000
income from continuing operations per unrestricted share:
basic																																				-80,000		220,000
diluted																																				-80,000		220,000
net income per unrestricted share:
decrease (increase) in other receivables																																					7,500,000	-2,800,000		-13,400,000					30,400,000
impact on assets:
total assets																																					8,128,300,000												346,700,000	9,414,500,000
impact on liabilities and shareholders’ equity:
total liabilities																																					5,894,800,000												369,700,000	7,094,000,000
retained earnings																																					1,227,900,000						50,600,000
total shareholders’ equity																																					2,233,500,000												-23,000,000	2,320,500,000
total liabilities and shareholders’ equity																																					8,128,300,000												346,700,000	9,414,500,000
equity in net income of former investee before taxes
gain on sale of portfolio of automobile loan receivables																																						-4,500,000
write-off of goodwill
decrease in accrued expenses and other liabilities																																						-8,300,000														-12,000,000	-28,100,000
net cash provided (used) by operating activities																																						-10,100,000
sales of former investee
net proceeds from sale of portfolio of automobile loan receivables																																						220,700,000
proceeds from issuance of notes payable																																						95,000,000
repayments of notes payable																																						-30,000,000
interest, loan fees and earned discounts																																						31,800,000
other automobile finance revenues																																						1,400,000
total automobile finance revenues																																						37,700,000
net investment income																																						500,000			2,600,000	1,300,000						3,700,000
total revenues included in discontinued operations																																						38,600,000			66,600,000	33,100,000
income from discontinued operations before income taxes:
fireside bank:
results of operations																																						17,800,000			1,600,000	-900,000
unitrin business insurance:
change in estimate of retained liabilities arising from discontinued operations																																						-3,000,000			-1,300,000	800,000
income from discontinued operations before income taxes																																						19,300,000			300,000	-100,000
income tax benefit																																						-5,800,000
income from discontinued operations																																						13,500,000			200,000	-100,000
income from discontinued operations per unrestricted share:
equity in net income of investee before taxes																																										-1,000,000			-1,900,000			-3,400,000		-600,000	-13,300,000	-11,200,000	-8,400,000	-7,400,000	-4,800,000					2,000,000
benefit from loan losses																																							-14,400,000	-13,800,000	2,900,000	2,900,000	14,400,000	15,700,000	20,000,000	26,200,000	46,000,000	27,200,000	17,500,000	16,500,000	41,900,000	24,100,000	11,600,000	34,900,000	21,800,000	9,700,000	34,700,000	24,900,000	13,100,000	36,000,000
decrease in short-term investments																																									2,300,000	35,200,000	67,300,000
equity in net (income) loss of investee before taxes																																									-300,000		1,300,000													-4,100,000	-4,000,000	-2,400,000	100,000
equity in income of equity method limited liability investments																																									-22,800,000
sales of investee																																									1,300,000
sale of investment real estate																																														0											4,300,000	4,200,000	4,200,000
decrease in automobile loan receivables																																									189,600,000	103,500,000
change in certificates of deposits																																									-173,600,000	-88,400,000	-151,000,000	-144,800,000	-56,500,000	-30,700,000	-59,800,000	-12,200,000	34,800,000	13,200,000	113,100,000	47,000,000	10,600,000
note payable proceeds																																											0	90,000,000	130,000,000	51,000,000
note payable repayments
cash, end of period, including cash reported in discontinued operations																																									100,800,000	160,900,000			66,200,000			54,100,000
cash, end of period, reported in discontinued operations																																									-2,900,000	-11,000,000
total earned premiums																																									64,000,000	31,800,000						43,200,000
other income
net impairment losses recognixed in earnings
income tax expense																																									-100,000
adjustments to reconcile net income to net cash
provided (used) by operating activities:
equity in (income) losses of equity method limited liability investments																																										-9,400,000
income from discontinued
operations before income taxes:
equity in (income) losses of limited liability investment companies and limited partnerships																																											-24,900,000
distribution of accumulated earnings of limited liability investment companies and limited partnerships																																														1,000,000	100,000	800,000
gain on disposition of business																																														0
return of investment of limited liability investment companies and limited partnerships																																											3,900,000
acquisitions of limited liability investment companies and limited partnerships																																											-1,900,000	-6,300,000	-6,900,000	-6,700,000	-3,300,000	-49,400,000
increase in automobile loan receivables																																											104,200,000
cash dividends paid																																											-12,400,000	-12,500,000	-29,300,000	-29,400,000	-29,500,000	-30,200,000	-30,200,000	-30,500,000	-90,300,000	-60,400,000	-30,200,000	-88,200,000	-58,600,000	-29,300,000	-85,000,000	-56,600,000	-28,200,000	-84,100,000
note payable payments																																											-100,000	-195,000,000	-25,000,000	-124,000,000
cash, beginning of year including cash reported in discontinued operations																																											0	0	184,200,000	0
impact on shareholders’ equity:
accumulated other comprehensive income																																																	-19,100,000	312,500,000
provided by operating activities:
accumulated other comprehensive loss
equity in losses of limited liability investment companies and limited partnerships																																													20,400,000
change in short-term investments																																													84,200,000	-32,800,000	64,900,000	51,000,000	-260,200,000	-215,400,000	-62,500,000	-21,200,000	-62,800,000	-182,000,000	-185,600,000	-90,700,000	200,300,000	-235,100,000	-183,900,000	-35,100,000
change in automobile loan receivables																																													43,600,000	26,800,000	-36,700,000	-14,600,000
change in other investments																																													-2,700,000	-1,800,000	-300,000	-1,500,000	-9,500,000	-19,300,000	-71,900,000	-41,900,000	-19,600,000	-16,000,000	-12,300,000	900,000	3,700,000	2,400,000	1,500,000	-4,300,000
value of insurance in force																																													26,200,000
value of licenses acquired																																													20,100,000
current and deferred income taxes																																													49,900,000
equity in losses (earnings) of limited liability investment companies and limited partnerships																																														1,400,000	19,700,000	9,600,000
sales of northrop grumman corporation common stock																																														162,300,000	6,300,000	25,900,000	17,700,000	46,100,000	17,500,000	17,500,000	12,700,000				234,800,000	219,900,000
sales of other equity securities																																														11,300,000	76,000,000	35,300,000	38,800,000	12,100,000	72,700,000	60,800,000	37,200,000	58,900,000	39,300,000	23,400,000	90,600,000	32,000,000	21,500,000
purchases of other equity securities																																														-18,900,000	-50,900,000	-94,100,000	-32,900,000	-12,600,000
value of insurance inforce																																														0
increase in liabilities for income taxes																																															-44,100,000	-21,500,000	-27,800,000	30,400,000
increase in other receivables																																																-19,700,000			64,300,000			-55,100,000						17,400,000
cash, beginning of year, including cash reported in discontinued operations																																																104,500,000
cash end of period, reported in discontinued operations																																																-100,000
cash end of period																																																54,000,000
total revenues																																																46,900,000
operations before income taxes																																																-8,900,000
net activity of limited partnerships and limited liability companies
amortization of investments																																																	1,400,000	1,800,000	5,200,000	4,000,000	2,200,000	8,800,000	6,200,000	3,000,000	9,500,000	6,300,000	3,200,000	8,600,000
depreciation of fixed assets
change in consumer finance receivables																																																	-49,900,000	-41,700,000	-159,500,000	-120,400,000	-53,500,000	-151,700,000	-92,200,000	-42,600,000	-86,800,000	-53,100,000	-23,200,000	-116,800,000
change in universal life and annuity contracts																																																	1,000,000	1,000,000	3,500,000	2,400,000	1,200,000	3,000,000	2,100,000	1,100,000	4,400,000	2,300,000	800,000	3,400,000
notes payable proceeds																																																			20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000				180,000,000
notes payable payments																																																			-20,100,000	-20,000,000	-20,000,000	-20,000,000	-20,000,000	-20,000,000				-120,000,000
investment in investee
total investments
investee																																																		93,200,000
increase in accrued and deferred income taxes																																																				-7,200,000	22,600,000	5,600,000	3,200,000	26,400,000	-135,200,000		-21,300,000	33,000,000
net income, as reported																																																			168,800,000	146,100,000	67,900,000	168,800,000	146,100,000	67,900,000	166,900,000	110,400,000	48,000,000	79,200,000
add: stock-based compensation expense included in reported net income, net of related tax effects																																																			6,000,000	3,900,000	1,700,000	6,000,000	3,900,000	1,700,000	4,300,000	2,900,000	1,300,000	1,300,000
deduct: total stock-based employee compensation expense determined under fair value based method for all awards, net of related tax effects																																																			-6,100,000		-1,800,000	-6,100,000	-4,000,000	-1,800,000	-5,000,000	-3,400,000	-1,500,000	-3,200,000
pro forma net income																																																			168,700,000	146,000,000	67,800,000	168,700,000	146,000,000	67,800,000	166,200,000	109,900,000	47,800,000	77,300,000
net income per share
as reported																																																			2,440,000	2,120,000	990,000	2,440,000	2,120,000	990,000	2,440,000	1,620,000	710,000	1,170,000
pro forma																																																			2,440,000	2,120,000	980,000	2,440,000	2,120,000	980,000	2,430,000	1,610,000	700,000	1,140,000
deduct: total stock-based employee compensation expense determined under fair value based method for all awards,
net of related tax effects																																																				-4,000,000
increase in insurance reserves and unearned premiums																																																					17,700,000	208,200,000	53,200,000	25,800,000	175,100,000	89,700,000	39,400,000	263,100,000
change in liability for funds held for securities on loan																																																								63,900,000	104,200,000	166,100,000	132,300,000	124,600,000
change in certificates of deposits and savings accounts																																																						123,600,000	85,100,000	32,100,000
change in investment certificates and savings accounts																																																									800,000	-7,800,000	2,800,000	83,800,000
decrease in accrued and deferred income taxes																																																										-76,400,000
sales of northrop common stock																																																											62,000,000
sales and redemptions of equity securities																																																												80,100,000
acquisition of business
acquisition of capital assets																																																												-9,900,000
disposition of capital assets																																																												200,000

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