Kemper Surplus Doubled Due to Buybacks, Novations

Kemper Insurance Co. filed its 2004 year-end financial statements Monday, reflecting a doubling in its surplus position in the last quarter of 2004. The company posted a combined statutory surplus of $181.8 million up from $90.3 million at Sept. 30, 2004. 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. The company, in runoff...