February 28, 2005
Kemper filed its 2004 year-end financial statements
(LMC financial
statement - AMM
financial statement) on Monday, February 28. The company posted
a combined statutory surplus of $181.8 million. Of this amount,
$171.4 million represents Lumbermens Mutual Casualty Company’s
(LMC) surplus, with the $10.4 million balance posted by American
Manufacturers Mutual Insurance Company (AMM). The combined year-end
surplus is a decline of approximately $30.6 million from year-end
2003 surplus of $212.4 million.
Total assets for the organization stood at
$3.8 billion, compared to $5.3 billion at the end of 2003. Gross
liabilities dropped from $9.2 billion at December 31, 2003 to $6.8
billion at the end of 2004.
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