Kemper submits six-month financials
FOR IMMEDIATE RELEASE
Kemper filed its financial statements (LMC
financial statement - AMM
financial statement) for the first six months of 2004 on Monday,
August 16. The company posted a combined statutory surplus of $28.9
million. Of this amount, $18.6 million represents Lumbermens Mutual
Casualty Company's (LMC) surplus, with the $10.3 million balance
posted by American Manufacturers Mutual Insurance Company (AMM).
The combined six-month surplus is a decline of approximately $183.5
million from year-end 2003 surplus of $212.4 million.
On an operating basis, Kemper lost approximately $146 million in
the first six months of the year. Total assets for the organization
stood at $4.3 billion, compared to $5.3 billion at the end of 2003.