The improvement in surplus "is due primarily to the successfulimplementation of policy buybacks, novations and othersurplus-enhancing initiatives contained in our runoff plan,'' a Kemperspokeswoman said.
However, the Long Grove, Ill.-based runoff insurer still faces billions in liabilities.
Insurance Cos.' surplus position more thandoubled in the last quarter of 2007, with the insurer reporting lastweek that its combined statutory surplus stood at $181.8 million atyear-end 2007, up from $90.3 million at Sept. 30, 2004.
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Package: | Insurance Cos.' surplus position more than doubled in the last quarter of 2004, with the insurer reporting last week that its combined statutory surplus stood at $181.8 million at year-end 2004, up from $90.3 million at Sept. 30, 2004.However, the Long Grove, Ill.-based runoff insurer still faces billions in liabilities.The improvement in surplus "is due primarily to the successful implementation of policy buybacks, novations and other surplus-enhancing initiatives contained in |
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