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.
Wall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion 
Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse 
