Kemper files its 2005 audited statutory financials and announces board changes
FOR IMMEDIATE RELEASE
LONG GROVE, ILL. –
June 01, 2006 – The Kemper Insurance Companies timely filed with Illinois
and other state insurance regulatory agencies its audited statutory financial
statements for the years ended December 31, 2005 and 2004. The audited year-end
2005 combined statutory surplus of $178.6 million was unchanged from the surplus
reported in the unaudited year-end 2005 financial statements previously filed by the company.
Kemper also announced certain changes to its board of directors. J. Reed Coleman
retired from the board effective with the May 16, 2006 annual meeting pursuant to
the board’s long-standing retirement policy. The board terms of James R. Edgar
and Zack Stamp also expired at the annual meeting following the decisions of both
directors to decline nomination for reelection. Finally, Roberta Karmel resigned
from the board and Kemper President and CEO Douglas S. Andrews was elected to the
board, also effective at the annual meeting.
Andrews commented on the audit filing and board changes, noting “I applaud the
efforts of our staff in assisting our external auditor in completing the 2005 audit
on time. I also want to express our deep appreciation to our four departing board members,
all of whom added their particular expertise to the company during the initial three years
of the company’s run-off. The company and its policyholders are better off as a result of their efforts.”
For more information about Kemper, visit its website at www.kemperinsurance.com
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