Kemper Corporation (KMPR) Balance Sheet
KMPR balance sheet, 2025
December 31, 2025 · U.S. dollars$12.47B assets = $9.80B liabilities + $2.67B equity
Both columns are drawn to the same scale: what KMPR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KMPR financial health
Debt / equity0.37
Low leverage · $0.37 of debt for each $1 of equity
Cash / debt45.2%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles15.3%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
KMPR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.21B2016 | $12.47B2025 | +4.8%/yr | |
| Total liabilities | $6.24B2016 | $9.80B2025 | +5.2%/yr | |
| Shareholders’ equity | $1.98B2016 | $2.68B2025 | +3.5%/yr | |
| Cash & short-term investments | $5.51B2016 | $453.9M2025 | −24.2%/yr | |
| Total debt | $1.11B2016 | $1.00B2025 | −1.1%/yr | |
| Net cash (debt) | $4.40B2016 | −$551.0M2025 | −$5.0B | |
| Working capital | $5.71B2016 | $2.21B2024 | −$3.5B | |
| Book value per share | $38.572016 | $42.832025 | +1.2%/yr | |
| Debt / equity | 0.562016 | 0.372025 | −0.19 | |
| Shares outstanding | 51.2M2016 | 62.6M2025 | +2.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KMPR assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
KMPR liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
KMPR debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KMPR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $453.9M | $1.13B | $587.0M | $7.39B | $8.42B | $8.69B | $7.53B | $6.79B | $5.66B | $5.51B |
| Cash & equivalents | $126.0M | $65.4M | $64.1M | $212.4M | $148.2M | $206.1M | $136.8M | $75.1M | $45.7M | $115.7M |
| Short-term investments | $327.9M | $1.07B | $522.9M | $7.17B | $8.27B | $8.48B | $7.39B | $6.71B | $5.62B | $5.40B |
| Receivables | $965.2M | $1.24B | $1.23B | $1.72B | $1.80B | $1.43B | $1.38B | $1.29B | $566.4M | $550.6M |
| Inventory | $0 | $0 | −$1.98B | −$10.62B | −$2.34B | −$2.62B | −$2.07B | −$1.78B | −$1.00B | −$1.04B |
| Other current assets | $0 | $295.1M | $1.98B | $2.21B | $2.34B | $2.62B | $2.07B | $1.78B | $1.00B | $1.04B |
| Total current assets | $1.09B | $2.66B | $1.81B | $692.0M | $10.22B | $10.12B | $8.91B | $8.08B | $6.23B | $6.06B |
| Property, plant & equipment (net) | $0 | $33.9M | $38.4M | $12.2M | $10.51B | $10.47B | $9.54B | $9.36B | $6.43B | $6.35B |
| Goodwill & intangible assets | $1.91B | $1.57B | $2.16B | $1.42B | $1.61B | $1.43B | $1.44B | $1.42B | $504.0M | $655.0M |
| Long-term investments | $7.60B | $7.90B | $7.85B | $7.63B | $9.42B | $10.42B | $9.04B | $8.07B | $6.80B | $6.61B |
| Other non-current assets | $1.88B | $470.7M | $877.4M | $3.61B | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $12.47B | $12.63B | $12.74B | $13.36B | $14.92B | $14.34B | $12.99B | $11.54B | $8.38B | $8.21B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | −$449.3M | $843.6M | $727.9M | $733.1M | $1.11B | $610.9M | $0 |
| Short-term debt | $17.1M | $449.6M | $470.0M | $449.3M | $300.5M | $20.8M | $728.5M | $448.4M | $0 | $359.8M |
| Deferred revenue | $1.25B | — | $1.30B | $189.4M | $1.90B | — | — | — | — | — |
| Total current liabilities | — | $449.6M | $4.69B | $167.6M | $173.1M | $15.6M | $728.5M | $448.4M | $5.00B | $359.8M |
| Long-term debt | $943.5M | $941.7M | $1.39B | $1.39B | $1.12B | $1.17B | $778.4M | $909.0M | $592.3M | $751.6M |
| Other long-term liabilities | $8.86B | $8.90B | $4.16B | $9.37B | $227.0M | $285.7M | $178.2M | $26.2M | $14.8M | $0 |
| Total liabilities | $9.80B | $9.85B | $10.24B | $10.92B | $1.35B | $1.46B | $9.02B | $8.49B | $607.1M | $6.24B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5.9M | $6.4M | $6.4M | $6.4M | $6.4M | $6.5M | $6.7M | $6.5M | $678.2M | $5.1M |
| Retained earnings (deficit) | $1.16B | $1.23B | $1.01B | $1.38B | $1.76B | $2.07B | $1.81B | $1.36B | $1.24B | $1.17B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$206.2M | −$304.5M | −$360.8M | −$756.0M | $448.1M | $680.5M | $336.1M | $21.8M | $194.4M | $137.0M |
| Minority interest | −$12.0M | −$4.1M | −$200,000 | $0 | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.68B | $2.79B | $2.51B | $2.44B | $13.57B | $12.88B | $3.97B | $3.05B | $2.12B | $1.98B |
| Key figures | ||||||||||
| Total debt | $1.00B | $1.42B | $1.39B | $1.84B | $1.42B | $1.19B | $1.51B | $1.36B | $592.3M | $1.11B |
| Net cash (debt) | −$551.0M | −$294.2M | −$802.2M | $5.55B | $7.00B | $7.49B | $6.02B | $5.43B | $5.07B | $4.40B |
| Working capital | — | $2.21B | −$2.88B | $524.4M | $10.05B | $10.10B | $8.18B | $7.63B | $1.23B | $5.71B |
| Tangible book value | $774.0M | $1.22B | $344.5M | $1.02B | $11.96B | $11.45B | $2.53B | $1.63B | $1.61B | $1.32B |
| Book value per share | $42.83 | $43.05 | $39.13 | $38.28 | $211.12 | $193.07 | $59.69 | $51.91 | $41.02 | $38.57 |
| Shares outstanding | 62.6M | 64.8M | 64.0M | 63.8M | 64.3M | 66.7M | 66.5M | 58.8M | 51.6M | 51.2M |
| Current ratio | — | 5.92 | 0.39 | 4.13 | 59.03 | 648.71 | 12.23 | 18.01 | 1.25 | 16.86 |
| Quick ratio | — | 5.26 | 0.39 | 54.31 | 59.03 | 648.71 | 12.23 | 18.01 | 1.25 | 16.86 |
| Debt / equity | 0.37 | 0.51 | 0.55 | 0.75 | 0.10 | 0.09 | 0.38 | 0.45 | 0.28 | 0.56 |
| Equity / assets | 21.5% | 22.1% | 19.7% | 18.3% | 91.0% | 89.8% | 30.6% | 26.4% | 25.3% | 24.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $352 | $398.4M | $453.9M | $496.1M | $599.5M | $692.3M | $1.13B | $777.8M | $651.3M | $651.4M | $587.0M | $530.9M |
| Cash & equivalents | $80 | $92.6M | $126.0M | $107.4M | $177.0M | $115.4M | $65.4M | $56.9M | $107.4M | $126.7M | $64.1M | $112.4M |
| Short-term investments | $271 | $305.8M | $327.9M | $388.7M | $422.5M | $576.9M | $1.07B | $720.9M | $543.9M | $524.7M | $522.9M | $418.5M |
| Receivables | $1,148 | $1.23B | $1.20B | $1.28B | $1.30B | $1.29B | $1.24B | $1.26B | $1.24B | $1.20B | $1.23B | $1.39B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.89B | −$1.86B | −$1.98B | −$3.24B |
| Other current assets | $1.05B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.15B | $2.04B | $1.98B | $2.08B |
| Total current assets | $1.05B | $1.63B | $1.65B | $1.77B | $1.90B | $1.99B | $1.04B | $2.04B | $2.15B | $2.04B | $1.81B | $751.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $43.5M | $0 | $0 | $36.3M | $38.6M | $36.1M | $7.7M | $641.7M |
| Goodwill & intangible assets | $1.46B | $1.92B | $2.18B | $1.91B | $1.91B | $1.90B | $1.57B | $1.87B | $1.86B | $1.85B | $1.57B | $1.87B |
| Long-term investments | $7.54B | $7.51B | $7.60B | $7.52B | $7.59B | $7.57B | $7.90B | $8.03B | $7.65B | $7.74B | $7.85B | $7.37B |
| Other non-current assets | $1.88B | $1.35B | $1.04B | $1.24B | $1.16B | $1.01B | $2.12B | $900.4M | $839.9M | $961.4M | $1.50B | $1.91B |
| Total assets | $11.93B | $12.41B | $12.47B | $12.44B | $12.60B | $12.47B | $12.63B | $12.87B | $12.54B | $12.63B | $12.74B | $12.55B |
| Liabilities | ||||||||||||
| Short-term debt | — | — | $17.1M | $4.8M | $9.0M | — | $449.6M | $449.9M | $846.0M | $449.7M | $470.0M | $449.6M |
| Deferred revenue | $1,228 | $1.28B | $1.25B | $1.32B | $1.36B | $1.38B | — | $1.30B | — | — | — | — |
| Total current liabilities | $1,879 | $4.89B | $4.81B | $4.79B | $4.70B | $4.67B | $449.6M | $5.03B | $6.92B | $7.11B | $7.31B | $59.5M |
| Long-term debt | $944.5M | $944.0M | $943.5M | $943.1M | $942.6M | $942.1M | $941.7M | $941.0M | $994.2M | $940.1M | $1.39B | $1.39B |
| Other long-term liabilities | $8.80B | $3.94B | $4.05B | $3.99B | $4.01B | $3.95B | $8.90B | $4.14B | $1.96B | $1.99B | $50.6M | $8.74B |
| Total liabilities | $9.75B | $9.78B | $9.80B | $9.72B | $9.66B | $9.56B | $9.85B | $10.10B | $9.88B | $10.04B | $10.24B | $10.19B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5.9M | $5.9M | $5.9M | $6.0M | $6.4M | $6.4M | $6.4M | $6.4M | $6.4M | $6.4M | $6.4M | $6.4M |
| Retained earnings (deficit) | $653.7M | $1.14B | $1.16B | $1.22B | $1.35B | $1.31B | $1.23B | $1.16B | $1.12B | $1.07B | $1.01B | $982.4M |
| Accumulated other comprehensive income | −$205.3M | −$226.7M | −$206.2M | −$227.1M | −$257.7M | −$261.3M | −$304.5M | −$252.5M | −$317.3M | −$335.0M | −$360.8M | −$473.4M |
| Minority interest | −$15.5M | −$14.5M | −$12.0M | −$10.5M | −$7.9M | — | — | — | — | — | — | — |
| Total shareholders' equity | $2.19B | $2.65B | $2.68B | $2.73B | $2.95B | $2.92B | $2.79B | $2.77B | $2.67B | $2.59B | $2.51B | $2.36B |
| Key figures | ||||||||||||
| Total debt | $944.5M | $944.0M | $943.5M | $943.1M | $942.6M | $942.1M | $1.42B | $1.39B | $1.39B | $1.39B | $1.39B | $1.39B |
| Net cash (debt) | −$944.5M | −$545.6M | −$489.6M | −$447.0M | −$343.1M | −$249.8M | −$294.2M | −$613.1M | −$739.1M | −$738.4M | −$802.2M | −$857.7M |
| Working capital | $1.05B | −$3.26B | −$3.15B | −$3.02B | −$2.80B | −$2.68B | $592.7M | −$2.99B | −$4.77B | −$5.07B | −$5.50B | $692.4M |
| Tangible book value | $733.5M | $728.3M | $498.2M | $821.1M | $1.04B | $1.02B | $1.22B | $900.6M | $812.2M | $743.2M | $936.2M | $488.4M |
| Book value per share | $37.25 | $45.06 | $45.60 | $44.44 | $45.72 | $45.14 | $43.14 | $42.73 | $41.16 | $39.98 | $38.80 | $36.86 |
| Shares outstanding | 58.9M | 58.8M | 58.8M | 61.5M | 64.6M | 64.6M | 64.6M | 64.9M | 64.9M | 64.8M | 64.6M | 64.1M |
| Current ratio | 556,939.12 | 0.33 | 0.34 | 0.37 | 0.40 | 0.43 | 2.32 | 0.41 | 0.31 | 0.29 | 0.25 | 12.64 |
| Quick ratio | 0.80 | 0.33 | 0.34 | 0.37 | 0.40 | 0.43 | 5.26 | 0.41 | 0.27 | 0.26 | 0.25 | 32.21 |
| Debt / equity | 0.43 | 0.36 | 0.35 | 0.35 | 0.32 | 0.32 | 0.51 | 0.50 | 0.52 | 0.54 | 0.55 | 0.59 |
| Equity / assets | 18.4% | 21.3% | 21.5% | 22.0% | 23.4% | 23.4% | 22.1% | 21.5% | 21.3% | 20.5% | 19.7% | 18.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.
KMPR financial position
At the end of fiscal 2025 (December 31, 2025), Kemper had total assets of $12.5 billion (down 1.2% from a year earlier), total liabilities of $9.8 billion and shareholders' equity of $2.7 billion. It held $453.9 million in cash and short-term investments against $1.0 billion of debt, net debt of $551.0 million. In the latest quarter (ended June 30, 2026) total assets were $11.9 billion and equity $2.2 billion.
Related: KMPR income statement, KMPR cash flow statement, KMPR key metrics. See the KMPR stock overview for the latest quote and news.
KMPR balance sheet FAQ
What are Kemper's total assets?
Kemper reported total assets of $12.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $12.6 billion a year earlier.
How much debt does Kemper have?
Kemper had $1.0 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.37.
How much cash does Kemper have?
Kemper held $453.9 million in cash and short-term investments at the end of fiscal 2025; with $1.0 billion of debt that is net debt of $551.0 million.
What is Kemper's book value?
Kemper's shareholders' equity (book value) was $2.7 billion at the end of fiscal 2025, or $42.83 per share.
How much goodwill does Kemper have?
Kemper carried $1.9 billion of goodwill and intangible assets, 15.3% of total assets, at the end of fiscal 2025.