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Kemper submits year-end financials
FOR IMMEDIATE RELEASE LONG GROVE, ILL. – May 17, 2005 – Kemper filed its 2005 first quarter financial statements (LMC financial statement - AMM financial statement) on Friday, May 13. The company posted a combined statutory surplus of $198.2 million. Of this amount, $187.7 million represents Lumbermens Mutual Casualty Company’s (LMC) surplus, with the $10.5 million balance posted by American Manufacturers Mutual Insurance Company (AMM). The combined year-end surplus is an increase of approximately $16.4 million from year-end 2004 surplus of $181.8 million. Total assets for the organization stood at $3.5 billion, compared to $3.8 billion at the end of 2004. Gross liabilities dropped from $6.8 billion at December 31, 2004 to $6.4 billion at the end of March, 2005. For more information about Kemper, visit its website at www.kemperinsurance.com Contacts: Linda Kingman |