Kemper submits first-quarter financials
FOR IMMEDIATE RELEASE
LONG GROVE, Ill. – Kemper filed its first-quarter
2004 financial statements (LMC
financial statement – AMM
financial statement) on Thursday, May 13, 2004. The company
posted a combined statutory surplus of $163.8 million. Of this amount,
$153.6 million represents Lumbermens Mutual Casualty Company’s
(LMC) surplus, with the $10.2 million balance posted by American
Manufacturers Mutual Insurance Company (AMM). The combined first-quarter
surplus is a decline of approximately $48.6 million for year-end
2003 surplus of $212 million.
On an operating basis, Kemper lost approximately $28 million in
the first quarter of 2004. Total assets for the organization stood
at approximately $4.8 billion, compared to $5.3 billion at the end
of 2003.
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