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Kemper submits nine-month financials
FOR IMMEDIATE RELEASE LONG GROVE, ILL. – December 13, 2005 – Kemper has filed its financial statements (LMC financial statement - AMM financial statement) for the first nine months of 2005. The company posted a combined statutory surplus of $111.0 million. Of this amount, $100.2 million represents Lumbermens Mutual Casualty Company’s (LMC) surplus, with the $10.8 million balance posted by American Manufacturers Mutual Insurance Company (AMM). The combined third-quarter 2005 surplus is a decline of approximately $70.8 million from year-end 2004 surplus of $181.8 million. Total assets for the organization stood at $3.1 billion, compared to $3.8 billion at the end of 2004. Gross loss and loss adjustment expense reserves dropped from 6.8 billion at December 31, 2004 to $5.4 billion at the end of September, 2005. For more information about Kemper, visit its website at www.kemperinsurance.com Contacts: Eric Epperson |