November 15, 2004

Kemper submits nine-month financials

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.