Kemper filed its financial statements (LMC financial statement – AMM financial statement) for the first six months of 2004 on Monday, Aug. 16, noting sufficient losses.
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.
Was this article valuable?
Here are more articles you may enjoy.
Honda’s Insurance Agency Operations Stall, Services ‘Paused’ 
Damaged Manhattan Tower Owner to Reconstruct 15 Floors After Evacuation 
El Niño Likely Strongest in 75 Years, US Forecasters Say 
Farmers Looks to Make it Easier for Consumers to Understand Insurance 
