Kemper submits nine-month financials
FOR IMMEDIATE RELEASE
Kemper filed its financial statements (LMC
financial statement - AMM
financial statement) for the first nine months of 2004 on Monday,
November 15. The company posted a combined statutory surplus of
$90.3 million. Of this amount, $80.0 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 nine-month surplus is a decline of approximately
$122.1 million from year-end 2003 surplus of $212.4 million.
Total assets for the organization stood at $4.0 billion, compared
to $5.3 billion at the end of 2003. Gross liabilities dropped from
$9.2 billion at December 31, 2003 to $7.4 billion at the end of
the third quarter of 2004.