*12998202320100103*
PROPERTY AND CASUALTY COMPANIES - ASSOCIATION EDITION
QUARTERLY STATEMENT
AS OF SEPTEMBER 30, 2023
OF THE CONDITION AND AFFAIRS OF THE
UNION NATIONAL FIRE INSURANCE COMPANY
NAIC Group Code | 0215 0215 NAIC Company Code | 12998 Employer's ID Number 72............................................-6019774 | |||
(Current) (Prior) | |||||
Organized under the Laws of | LA | State of Domicile or Port of Entry | LA | ||
Country of Domicile | US | ||||
Incorporated/Organized | 03/21/1960 | Commenced Business | 05/23/1960 | ||
Statutory Home O3ce | 3636 S. SHERWOOD FOREST.....................................BLVD | BATON ROUGE, LA, US 70816 | |||
Main Administrative O3ce | 200 EAST RANDOLPH STREET, STE. 3300 | ||||
CHICAGO, IL, US 60601 | 630-645-7750 | ||||
(Telephone Number) | |||||
Mail................................................................Address | 200 EAST RANDOLPH STREET, STE. 3300 | CHICAGO, IL, US 60601 | |||
Primary Location of Books and | |||||
Records | 200 EAST RANDOLPH STREET, STE. 3300 | ||||
CHICAGO, IL, US 60601 | 630-645-7750 | ||||
Internet Website Address | KEMPER.COM | (Telephone Number) | |||
Statutory Statement Contact | HANNAH LEE ANDREWS | 312-661-4564 | |||
(Telephone Number) | |||||
KHSCSTATREPORTING@KEMPER..........COM | 314-819-4789 | ||||
(E-Mail Address) | (Fax Number) | ||||
OFFICERS | |||||
JENNIFER MARIE KOPPS-WAGNER, SECRETARY | CHRISTOPHER WADE FLINT#, PRESIDENT | ||||
CHRISTIAN ALBERT DANCER, TREASURER | ................................................................................................................. | ||||
DIRECTORS OR TRUSTEES | |||||
................................................... | JOHN MICHAEL BOSCHELLI | ...................................................CHRISTOPHER WADE FLINT# | |||
................................................... | TROY JOHNATHAN MCGILL | ...................................................MAXWELL THOMAS MINDAK | |||
................................................... | CHRISTOPHER LAMONT MOSES | ...................................................FREDERICK GEORGE STUCKEL# | |||
State of | MISSOURI | ||||
County of | ST................................................................. LOUIS | SS |
The o cers of this reporting entity being duly sworn, each depose and say that they are the described o cers of said reporting entity, and that on the reporting period stated above, all of the herein described assets were the absolute property of the said reporting entity, free and clear from any liens or claims thereon, except as herein stated, and that this statement, together with related exhibits, schedules and explanations therein contained, annexed or referred to, is a full and true statement of all the assets and liabilities and of the condition and affairs of the said reporting entity as of the reporting period stated above, and of its income and deductions therefrom for the period ended, and have been completed in accordance with the NAIC Annual Statement Instructions and Accounting Practices and Procedures manual except to the extent that: (1) state law may differ; or, (2) that state rules or regulations require differences in reporting not related to accounting practices and procedures, according to the best of their information, knowledge and belief, respectively. Furthermore, the scope of this attestation by the described o cers also includes the related corresponding electronic ling with the NAIC, when required, that is an exact copy (except for formatting differences due to electronic ling) of the enclosed statement. The electronic ling may be requested by various regulators in lieu of or in addition to the enclosed statement.
x
CHRISTOPHER WADE FLINT
PRESIDENT
Subscribed and sworn to before me
this | day of | ||
x
x | x | |
JENNIFER MARIE KOPPS-WAGNER | CHRISTIAN ALBERT DANCER | |
SECRETARY | TREASURER | |
a. Is this an original | ling? Yes | |
b. If no: |
- State the amendment number:
- Date led:
- Number of pages attached:
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
ASSETS
Current Statement Date | 4 | |||||
1 | 2 | 3 | ||||
Net Admitted | December 31 | |||||
Nonadmitted | Assets | Prior Year Net | ||||
Assets | Assets | (Cols. 1 - 2) | Admitted Assets | |||
1. | ............................................................................................................................................Bonds | 7,363,859 | 7,363,859 | 7,367,305 | ||
2. | Stocks: | |||||
2.1 | Preferred.................................................................................................................................stocks | ............................... ............................... | ............................... | ................................ | ||
2.2 | Common stocks | ............................... ............................... | ............................... | ................................ | ||
3. | Mortgage loans on real estate: | |||||
3.1 | First.................................................................................................................................liens | ............................... ............................... | ............................... | ................................ | ||
3.2 | Other than rst liens | ............................... ............................... | ............................... | ................................ |
4. Real estate:
4.1 | Properties occupied by the company (less $ | encumbrances) | |
4.2 | Properties held for the production of income (less $ | encumbrances) | |
4.3 | Properties held for sale (less $ | encumbrances) | ........................... ............................... ............................... ............................... ................................ |
5. Cash ($ 66,380), cash equivalents ($ 625,150) and short-term investments
(............................................................................................................................................$ ) | ...............................691,530 | ...............................691,530 | ................................756,499 | |||
6. | Contract loans (including $ | premium notes) | ............................... ............................... | ............................... | ................................ | |
7. | Derivatives | ............................... ............................... | ............................... | ................................ | ||
8. | Other invested assets | ......................................................................................... | ............................... ............................... | ............................... | ................................ | |
9. | Receivables for securities | ......................................................................................... | ............................... ............................... | ............................... | ................................ | |
10. | Securities lending reinvested collateral assets | ............................... ............................... | ............................... | ................................ | ||
11. | Aggregate write-insfor invested.........................................................................................assets | ............................... ............................... | ............................... | ................................ | ||
12. | ......................................Subtotals, cash and invested assets (Lines 1 to 11) | 8,055,389 | 8,055,389 | 8,123,804 | ||
13. | Title plants less $ | charged off (for Title insurers only) | ............................... ............................... | ............................... | ................................ | |
14. | Investment income due and accrued | ...............................90,089 | ...............................90,089 | ................................84,361 |
15. Premiums and considerations:
15.1 | Uncollected premiums and agents' balances in the course of collection | ...............................309,873 | ...............................309,873 | ................................305,315 | |
15.2 | Deferred premiums, agents' balances and installments booked but | ||||
deferred and not yet due (including $ | earned but unbilled premiums) | ............................... ............................... | ............................... | ................................ | |
15.3 | Accrued retrospective premiums ($ | ) and contracts subject to | |||
redetermination ($ ) | ............................... ............................... | ............................... | ................................ |
16. Reinsurance:
16.1 Amounts recoverable from reinsurers | 273,857 | ............................... | ...............................273,857 | ................................255,926 | ||
16.2 Funds held by or deposited with reinsured companies | ............................... | ............................... | ............................... | ................................ | ||
16.3 Other amounts receivable under reinsurance contracts | 310,333 | ............................... | ...............................310,333 | ................................435,846 | ||
17. | Amounts receivable relating to uninsured plans | ............................... | ............................... | ............................... | ................................ | |
18.1 | Current federal and foreign income tax recoverable and interest thereon | ............................... | ............................... | ................................ | ||
18.2 | Net deferred tax asset | 2,806 | ...............................2,805 | ...............................1 | ................................- | |
19. | Guaranty funds receivable or.........................................................................................on deposit | ............................... | ............................... | ............................... | ................................ | |
20. | Electronic data processing equipment and software | ............................... | ............................... | ............................... | ................................ | |
21. | Furniture and equipment, including health care delivery assets......................................($ | ) | ............................... | ............................... | ............................... | ................................ |
22. | Net adjustment in assets and liabilities due to foreign exchange......................................rates | ............................... | ................................ | |||
23. | Receivables from parent, subsidiaries and a liates | 536,534 | ............................... | ...............................536,534 | ................................446,493 | |
24. | Health care ($ ) and other amounts receivable | ............................... | ............................... | ............................... | ................................ | |
25. | Aggregate write-ins for other-than-invested assets | 188,133 | ............................... | ...............................188,133 | ................................124,728 | |
26. | Total assets excluding Separate Accounts, Segregated Accounts and | |||||
Protected Cell Accounts (Lines.........................................................................................12 to 25) | 9,767,014 | ...............................2,805 | 9,764,209 | 9,776,473 | ||
27. | From Separate Accounts, Segregated Accounts and Protected Cell Accounts | ............................... | ............................... | ................................ | ||
28. | .........................................................................................Total (Lines 26 and 27) | 9,767,014 | 2,805 | 9,764,209 | 9,776,473 | |
Details of Write-Ins | ||||||
1101. | ............................................................................................................................................ | ............................... | ............................... | ............................... | ................................ | |
1102. | ............................................................................................................................................ | ............................... | ............................... | ............................... | ................................ | |
1103. | ............................................................................................................................................ | ............................... | ............................... | ............................... | ................................ | |
1198. Summary of remaining write-ins for Line 11 from over ow......................................page | ............................... | ............................... | ............................... | ................................ | ||
1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above) | ............................... | ............................... | ............................... | ................................ | ||
2501. Premium Tax Receivable | 180,491 | ............................... | ...............................180,491 | ................................117,822 | ||
2502. Other............................................................................................................................................Assets | 7,642 | ............................... | ...............................7,642 | ................................6,906 | ||
2503. | ............................................................................................................................................ | ............................... | ............................... | ............................... | ................................ | |
2598. Summary of remaining write-ins for Line 25 from over ow......................................page | ............................... | ............................... | ............................... | ................................ | ||
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) | 188,133 | ............................... | ...............................188,133 | ................................124,728 |
2
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
LIABILITIES, SURPLUS AND OTHER FUNDS
1 | 2 | ||||
Current | December 31, | ||||
Statement Date | Prior Year | ||||
1. | Losses (current accident year $ ) | .............................. | ..............................- | ||
2. | Reinsurance payable on paid losses and loss adjustment expenses | .............................. | .............................. | ||
3. | Loss adjustment expenses | .............................. | .............................. | ||
4. | Commissions payable, contingent commissions and other......................................................................................................similar charges | .............................. | .............................. | ||
5. | Other expenses (excluding taxes, licenses and fees) | ...................................................................................................... | ..............................41,290 | ..............................60,517 | |
6. | Taxes, licenses and fees (excluding federal and foreign income......................................................................................................taxes) | ..............................7,236 | ..............................30,984 | ||
7.1 | Current federal and foreign income taxes (including $ | on realized capital gains (losses)) | ..............................33,995 | ..............................14,745 | |
7.2 | Net deferred tax liability | .............................. | ..............................1,063 | ||
8. | Borrowed money $ | and interest thereon $ | ...................................................................................................... | .............................. | .............................. |
9. Unearned premiums (after deducting unearned premiums for ceded reinsurance of $ 316,814 and including
warranty reserves of $ | and accrued accident and health experience rating refunds including $ | for medical | |||
loss ratio rebate per the Public Health Service Act) | .............................. | ||||
10. | Advance premium | ......................................................................................................................................................... | ..............................170,622 | ..............................128,492 | |
11. | Dividends declared and unpaid: | ||||
11.1 | Stockholders | .............................. | .............................. | ||
11.2 | Policyholders | .............................. | .............................. | ||
12. | Ceded reinsurance premiums payable (net of ceding commissions) | 1,235,258 | 1,227,154 | ||
13. | Funds held by company under reinsurance treaties | .............................. | |||
14. | Amounts withheld or retained by company for account of others | .............................. | |||
15. | Remittances and items not allocated | ..............................6,438 | ..............................16,142 | ||
16. | Provision for reinsurance (including $ | certi ed) | .............................. | ||
17. | Net adjustments in assets and liabilities due to foreign exchange......................................................................................................rates | .............................. | |||
18. | Drafts outstanding | ......................................................................................................................................................... | .............................. | .............................. | |
19. | Payable to parent, subsidiaries.........................................................................................................................................................and a | liates | 1,233,946 | 1,420,847 | |
20. | Derivatives | .............................. | .............................. | ||
21. | Payable for securities | ......................................................................................................................................................... | .............................. | .............................. | |
22. | Payable for securities lending | .............................. | .............................. | ||
23. | Liability for amounts held under uninsured plans | .............................. | |||
24. | Capital notes $ | and interest.........................................................................................................................................................thereon $ | .............................. | ||
25. | Aggregate write-insfor liabilities | ..............................228,616 | ..............................235,338 | ||
26. | Total liabilities excluding protected cell liabilities (Lines 1 through......................................................................................................25) | 2,957,402 | 3,135,283 | ||
27. | Protected cell liabilities | ......................................................................................................................................................... | .............................. | .............................. | |
28. | Total liabilities (Lines 26 and.........................................................................................................................................................27) | 2,957,402 | 3,135,283 | ||
29. | Aggregate write-insfor special.........................................................................................................................................................surplus funds | .............................. | |||
30. | Common capital stock | ......................................................................................................................................................... | 2,500,000 | 2,500,000 | |
31. | Preferred capital stock | ......................................................................................................................................................... | .............................. | .............................. | |
32. | Aggregate write-insfor other-than-specialsurplus funds | .............................. | |||
33. | Surplus............................................................................................................................................................................................................notes | .............................. | .............................. | ||
34. | Gross paid in and contributed.........................................................................................................................................................surplus | 3,310,167 | 3,310,167 | ||
35. | Unassigned funds (surplus) | ..............................996,640 | ..............................831,024 |
36. Less treasury stock, at cost:
36.1 | shares common (value included in Line 30 | $ | ) | .............................. | .............................. |
36.2 | shares preferred (value included in Line 31 | $ | ) | .............................. | .............................. |
......................................................................................................37. Surplus as regards policyholders (Lines 29 to 35, less 36) | 6,806,807 | 6,641,191 | |||
.........................................................................................................................................................38. Totals (Page 2, Line 28, Col. 3) | 9,764,209 | 9,776,473 | |||
Details of Write-Ins | |||||
2501. Reserve for Escheated Funds | ..............................228,616 | ..............................235,338 | |||
2502 | .............................. | .............................. | |||
2503 | .............................. | .............................. | |||
2598. Summary of remaining write-insfor Line 25 from over ow......................................................................................................page | .............................. | .............................. | |||
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above) | ..............................228,616 | ..............................235,338 | |||
2901 | .............................. | .............................. | |||
2902 | .............................. | .............................. | |||
2903 | .............................. | .............................. | |||
2998. Summary of remaining write-insfor Line 29 from over ow......................................................................................................page | .............................. | .............................. | |||
2999. Totals (Lines 2901 through 2903 plus 2998) (Line 29 above) | .............................. | .............................. | |||
3201 | .............................. | .............................. | |||
3202 | .............................. | .............................. | |||
3203 | .............................. | .............................. | |||
3298. Summary of remaining write-insfor Line 32 from over ow......................................................................................................page | .............................. | .............................. | |||
3299. Totals (Lines 3201 through 3203 plus 3298) (Line 32 above) | .............................. | .............................. |
3
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
STATEMENT OF INCOME
1 | 2 | 3 |
Prior Year Ended | ||
Current Year to Date | Prior Year to Date | December 31 |
Underwriting Income
1. Premiums earned:
1.1. | Direct (written $ 9,854,864) | ......................................9,855,454 | ......................................10,824,565 | ......................................14,175,933 |
1.2. | Assumed (written $ ) | ...................................... | ...................................... | ...................................... |
1.3. | Ceded (written $ 9,854,864) | ......................................9,855,454 | ......................................10,824,565 | ......................................14,175,933 |
1.4 | Net............................................................................................................................................(written $ ) | ......................................- | ......................................- | ......................................- |
Deductions:
2. Losses incurred (current accident year $ ):
2.1 | Direct | ......................................2,423,340 | ......................................3,928,777 | ......................................4,618,619 | |
2.2 | Assumed | ...................................... | ...................................... | ...................................... | |
2.3 | Ceded | ......................................2,423,340 | ......................................3,928,777 | ......................................4,618,619 | |
2.4 | Net | ......................................- | ......................................- | ......................................- | |
3. | Loss adjustment expenses incurred | ...................................... | ...................................... | ......................................- | |
4. | Other underwriting expenses incurred | ...................................... | ...................................... | ......................................- | |
5. | Aggregate write-insfor underwriting....................................................................................................deductions | ...................................... | ...................................... | ...................................... | |
6. | Total underwriting deductions (Lines....................................................................................................2 through 5) | ......................................- | ......................................- | ......................................- | |
7. | Net income of protected cells | ...................................... | ...................................... | ...................................... | |
8. | .................................................Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7) | ......................................- | ......................................- | ......................................- | |
Investment Income | |||||
9. | Net investment income earned | ......................................184,137 | ......................................142,414 | ......................................194,201 | |
10. | Net realized capital gains (losses) less capital gains tax of $ (70) | ......................................(265) | ...................................... | ...................................... | |
11. | ....................................................................................................Net investment gain (loss) (Lines 9 + 10) | ......................................183,872 | ......................................142,414 | ......................................194,201 | |
Other Income |
12. Net gain or (loss) from agents' or premium balances charged off (amount recovered $
amount charged off $ ) | ...................................... | ...................................... | ...................................... | |
13. | Finance and service charges not included in premiums | ...................................... | ...................................... | ...................................... |
14. | Aggregate write-insfor miscellaneous....................................................................................................income | ...................................... | ...................................... | ...................................... |
15. | ....................................................................................................Total other income (Lines 12 through 14) | ...................................... | ...................................... | ...................................... |
16. | Net income before dividends to policyholders, after capital gains tax and before all other federal | |||
and foreign income taxes (Lines 8....................................................................................................+ 11 + 15) | ......................................183,872 | ......................................142,414 | ......................................194,201 | |
17. | Dividends to policyholders | ...................................... | ...................................... | ...................................... |
18. | Net income, after dividends to policyholders, after capital gains tax and before all other federal | |||
and foreign income taxes (Line 16....................................................................................................minus Line 17) | ......................................183,872 | ......................................142,414 | ......................................194,201 | |
19. | Federal and foreign income taxes....................................................................................................incurred | ......................................19,320 | ......................................8,394 | ......................................2,068 |
20. | ....................................................................................................Net income (Line 18 minus Line 19) (to Line 22) | ......................................164,552 | ......................................134,020 | ......................................192,132 |
21. | Capital and Surplus Account | |||
Surplus as regards policyholders, December 31 prior year | ......................................6,641,191 | ......................................6,521,103 | ......................................6,521,103 | |
22. | Net income (from Line 20) | ......................................164,552 | ......................................134,020 | ......................................192,132 |
23. | Net transfers (to) from Protected....................................................................................................Cell accounts | ...................................... | ...................................... | ...................................... |
24. | Change in net unrealized capital gains or (losses) less capital gains.................................................tax of $ 0 | ...................................... | ...................................... | ...................................... |
25. | Change in net unrealized foreign exchange capital gain (loss) | ...................................... | ...................................... | ...................................... |
26. | Change in net deferred income tax | ......................................1,715 | ......................................(4,741) | ......................................(16,200) |
27. | Change in nonadmitted assets | ......................................(651) | ......................................3,045 | ......................................4,156 |
28. | Change in provision for reinsurance | ...................................... | ...................................... | ...................................... |
29. | Change in surplus notes | ...................................... | ...................................... | ...................................... |
30. | Surplus (contributed to) withdrawn from protected cells | ...................................... | ...................................... | ...................................... |
31. | Cumulative effect of changes in accounting principles | ...................................... | ...................................... | ...................................... |
32. | Capital changes: | |||
32.1. Paid............................................................................................................................................in | ...................................... | ...................................... | ...................................... | |
32.2. Transferred from surplus (Stock Dividend) | ...................................... | ...................................... | ...................................... | |
32.3. Transferred to surplus | ...................................... | ...................................... | ...................................... | |
33. | Surplus adjustments: | |||
33.1. ............................................................................................................................................Paid in | ......................................- | ......................................- | ......................................- | |
33.2. Transferred to capital (Stock Dividend) | ...................................... | ...................................... | ...................................... | |
33.3. Transferred from capital | ...................................... | ...................................... | ...................................... | |
34. | Net remittances from or (to) Home....................................................................................................O ce | ...................................... | ...................................... | ...................................... |
35. | Dividends to stockholders | ...................................... | ...................................... | ......................................(60,000) |
36. | Change in treasury stock | ...................................... | ...................................... | ...................................... |
37. | Aggregate write-insfor gains and....................................................................................................losses in surplus | ...................................... | ...................................... | ...................................... |
38. | .................................................Change in surplus as regards policyholders (Lines 22 through 37) | ......................................165,616 | ......................................132,324 | ......................................120,088 |
39. | .................................................Surplus as regards policyholders, as of statement date (Lines 21 plus 38) | ......................................6,806,807 | ......................................6,653,427 | ......................................6,641,191 |
Details of Write-Ins | ||||
0501. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
0502. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
0503. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
0598. | Summary of remaining write-ins for Line 5 from over ow page | ...................................... | ...................................... | ...................................... |
0599. | Totals (Lines 0501 through 0503 plus 0598) (Line 5 above) | ...................................... | ...................................... | ...................................... |
1401. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
1402. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
1403. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
1498. | Summary of remaining write-ins for Line 14 from over ow page | ...................................... | ...................................... | ...................................... |
1499. | Totals (Lines 1401 through 1403 plus 1498) (Line 14 above) | ...................................... | ...................................... | ...................................... |
3701. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
3702. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
3703. | ....................................................................................................................................................... | ...................................... | ...................................... | ...................................... |
3798. | Summary of remaining write-ins for Line 37 from over ow page | ...................................... | ...................................... | ...................................... |
3799. | Totals (Lines 3701 through 3703 plus 3798) (Line 37 above) | ...................................... | ...................................... | ...................................... |
4
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
CASH FLOW
1 | 2 | 3 | |||
Prior Year Ended | |||||
Current Year To Date | Prior Year To Date | December 31 | |||
Cash from Operations | |||||
1. | Premiums collected net of reinsurance | ...................................... | (25,483) | ......................................(291,648) | ......................................(353,588) |
2. | Net investment income | ...................................... | 238,179 | ......................................202,272 | ......................................283,013 |
3. | Miscellaneous income | ...................................... | - | ......................................- | ......................................- |
4. | Total..........................................................................................................................................................(Lines 1 to 3) | 212,696 | (89,376) | (70,575) | |
5. | Bene t and loss related payments | ...................................... | (2,023) | ......................................(881,914) | ......................................(922,132) |
6. | Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts. | ...................................... | ...................................... | ...................................... | |
7. | Commissions, expenses paid and aggregate write-ins for deductions | ...................................... | (133,742) | ......................................60,867 | ......................................(33,254) |
8. | Dividends paid to policyholders | ...................................... | ...................................... | ...................................... | |
9. | Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) . | ...................................... | - | ......................................19,292 | ......................................19,293 |
10. | Total (Lines 5 through 9) | ...................................... | (135,766) | ......................................(801,755) | ......................................(936,092) |
11. | Net cash from operations (Line 4.......................................................................................................minus Line 10) | 348,461 | 712,379 | 865,517 | |
Cash from Investments | |||||
12. | Proceeds from investments sold, matured or repaid: | ||||
12.1 Bonds | ...................................... | 1,031,613 | ...................................... | ...................................... | |
12.2 Stocks | ...................................... | ...................................... | ...................................... | ||
12.3 Mortgage..................................................................................................................................................loans | ...................................... | ...................................... | ...................................... | ||
12.4 Real..................................................................................................................................................estate | ...................................... | ...................................... | ...................................... | ||
12.5 Other invested assets | ...................................... | ...................................... | ...................................... | ||
12.6 Net gains or (losses) on cash, cash equivalents and short-term investments | ...................................... | ...................................... | ...................................... | ||
12.7 Miscellaneous proceeds | ...................................... | - | ......................................- | ......................................- | |
12.8 Total investment proceeds (Lines.....12.1.........................................................................................to 12.7) | ...................................... | 1,031,613 | ......................................- | ......................................- | |
13. | Cost of investments acquired (long-term only): | ||||
13.1 Bonds | ...................................... | 1,088,270 | ...................................... | ......................................475,000 | |
13.2 Stocks | ...................................... | ...................................... | ...................................... | ||
13.3 Mortgage..................................................................................................................................................loans | ...................................... | ...................................... | ...................................... | ||
13.4 Real..................................................................................................................................................estate | ...................................... | ...................................... | ...................................... | ||
13.5 Other invested assets | ...................................... | ...................................... | ...................................... | ||
13.6 Miscellaneous applications | ...................................... | - | ......................................- | ......................................- | |
13.7 Total investments acquired (Lines......13.1........................................................................................to 13.6) | 1,088,270 | - | 475,000 | ||
14. | Net increase (or decrease) in contract loans and premium notes | ...................................... | ...................................... | ...................................... | |
15. | Net cash from investments (Line 12.8 minus Line 13.7 and Line 14) | (56,657) | - | (475,000) | |
Cash from Financing and Miscellaneous Sources | |||||
16. | Cash provided (applied): | ||||
16.1 Surplus notes, capital notes | ...................................... | ...................................... | ...................................... | ||
16.2 Capital and paid in surplus, less treasury...............................................................................................stock | ...................................... | - | ......................................- | ......................................- | |
16.3 Borrowed..................................................................................................................................................funds | ...................................... | ...................................... | ...................................... | ||
16.4 Net deposits on deposit-type contracts and other insurance liabilities | ...................................... | ...................................... | ...................................... | ||
16.5 Dividends to stockholders | ...................................... | ...................................... | ......................................60,000 | ||
16.6 Other cash provided (applied) | ...................................... | (356,775) | ......................................(65,259) | ......................................(84,957) | |
17. | Net cash from nancing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5 | ||||
plus..........................................................................................................................................................Line 16.6) | ...................................... | (356,775) | ......................................(65,259) | ......................................(144,957) | |
Reconciliation of Cash, Cash Equivalents and Short-Term Investments | |||||
18. | Net change in cash, cash equivalents and short-term investments (Line 11, plus Lines 15 and 17) . | ...................................... | (64,970) | ......................................647,120 | ......................................245,561 |
19. | Cash, cash equivalents and short-term investments: | ||||
19.1 Beginning..................................................................................................................................................of year | ...................................... | 756,500 | ......................................510,939 | ......................................510,939 | |
19.2 End of period (Line 18 plus Line 19...1) | ...................................... | 691,530 | ......................................1,158,059 | ......................................756,500 |
Note: Supplemental disclosures of cash ow information for non-cash transactions:
20.0001. .................................................................................................................................................. ...................................... ...................................... ......................................
5
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
Notes to the Financial Statements
1. Summary of Signi cant Accounting Policies and Going Concern
- Accounting Practices
The nancial statements of Union National Fire Insurance Company (the "Company") are prepared in conformity with accounting practices prescribed or permitted by the Louisiana Department of Insurance.
The Louisiana Department of Insurance recognizes only statutory accounting practices prescribed or permitted by the state of Louisiana for determining and reporting the nancial condition and results of operations of an insurance company, for determining its solvency under the Louisiana Insurance Law. The National Association of Insurance Commissioners' ("NAIC") Accounting Practices and Procedures manual, ("NAIC SAP") has been adopted as a component of prescribed or permitted practices by the state of Louisiana. The Company has not adopted prescribed accounting practices that differ from those found in NAIC SAP.
SSAP # | F/S Page | F/S Line # | 09/30/2023 | 12/31/2022 | |||||||
Net Income | |||||||||||
(1) State basis (Page 4, Line 20, Columns.........................................................1 & 3) | ........................XXX | ........................XXX | ........................XXX | $ | ..............................164,552 | $ | ..............................192,132 |
- State prescribed practices that are an increase / (decrease) from NAIC SAP:
- State permitted practices that are an increase / (decrease) from NAIC SAP:
(4) | NAIC SAP (1-2-3=4) | ........................XXX | ........................XXX | ........................XXX | $ | 164,552 | $ | 192,132 | |
Surplus | |||||||||
(5) | State basis (Page 3, Line 37, Columns.........................................................1 & 2) | ........................XXX | ........................XXX | ........................XXX | $ | 6,806,807 | $ | 6,641,191 |
- State prescribed practices that are an increase / (decrease) from NAIC SAP:
- State permitted practices that are an increase / (decrease) from NAIC SAP:
(8) NAIC SAP (5-6-7=8) | ........................XXX | ........................XXX | ........................XXX | $ | 6,806,807 | $ | 6,641,191 | |
- Accounting Policy
Premiums are earned over the terms of the related insurance policies and reinsurance contracts. Unearned premium reserves are established to cover the unexpired portion of premiums written. Such reserves are computed by pro rata methods for direct business and are based on reports received from ceding companies for reinsurance.
Expenses incurred in connection with acquiring new insurance business, including such acquisition costs as sales commissions and premium taxes, are charged to operations as incurred. Expenses incurred are reduced for ceding allowances received or receivable.
In addition, the company uses the following accounting policies:
- Bonds with an NAIC designation of 1 or 2 are reported at amortized cost using the effective yield method. Bonds with NAIC designation of 3 through 6 are carried at the lower of amortized cost or fair value with the difference re ected in unassigned surplus as unrealized capital loss.
- Loan-backedsecurities are stated at either amortized cost or the lower of amortized cost or fair market value. The retrospective adjustment method is used to value all securities except for interest only securities or securities where the yield had become negative, that are valued using the prospective method.
- Going Concern
Management has not identi ed any factors that would cast substantial doubt about the Company's ability to continue as a going concern.
- Accounting Changes and Corrections of Errors - Not Applicable
- Business Combinations and Goodwill - Not Applicable
- Discontinued Operations - Not Applicable
- Investments
- Loan-BackedSecurities - Not Applicable
- Dollar Repurchase Agreements and/or Securities Lending Transactions - Not Applicable
- Repurchase Agreements Transactions Accounted for as Secured Borrowing - Not Applicable
- Reverse Repurchase Agreements Transactions Accounted for as Secured Borrowing - Not Applicable
- Repurchase Agreements Transactions Accounted for as a Sale - Not Applicable
- Reverse Repurchase Agreements Transactions Accounted for as a Sale - Not Applicable
- Working Capital Finance Investments - Not Applicable
- Offsetting and Netting of Assets and Liabilities - Not Applicable
R. Reporting Entity's Share of Cash Pool by Asset type - Not Applicable
- Joint Ventures, Partnerships and Limited Liability Companies - Not Applicable
- Investment Income - No Signi cant Changes
- Derivative Instruments - Not Applicable
- Income Taxes - No Signi cant Changes
6
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
Notes to the Financial Statements
10. Information Concerning Parent, Subsidiaries, A liates and Other Related Parties
- The Company is a wholly owned subsidiary of Trinity Universal Insurance Company ("Trinity") domiciled in the State of Texas. Trinity is a wholly owned subsidiary of Kemper Corporation ("Kemper"), a Delaware corporation.
B. The Company has paid no dividends in the rst, second, or third quarters of 2023. On December 21, 2022, the Company paid an ordinary cash dividend to Trinity in the amount of $60,000.
- Debt - Not Applicable
- Retirement Plans, Deferred Compensation, Postemployment Bene ts and Compensated Absences and Other Postretirement Bene t Plans - Not Applicable
- Capital and Surplus, Dividend Restrictions and Quasi-Reorganizations - No Signi cant Changes
- Liabilities, Contingencies and Assessments - No Signi cant Changes
- Leases - Not Applicable
- Information About Financial Instruments With Off-Balance-Sheet Risk And Financial Instruments With Concentrations of Credit Risk - Not Applicable
- Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities - Not Applicable
- Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans - Not Applicable
- Direct Premium Written/Produced by Managing General Agents/Third Party Administrators - Not Applicable
- Fair Value Measurements A. Fair Value Measurement
Fair value is de ned per SSAP 101R as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Company is responsible for the determination of fair value of nancial assets and liabilities, including the supporting assumptions and methodologies, and uses independent third-party valuation service providers, broker quotes and internal pricing methods to determine fair values. The Company obtains or estimates only one single quote or price for each nancial instrument.
The Company uses a hierarchical framework for inputs to determine fair value which prioritizes the use of observable inputs and minimizes the use of unobservable inputs. Additionally, the Company categorizes fair value measurements based on the lowest level of input that is considered to be signi cant to the entire measurement. Assets measured and reported at fair value are categorized as follows:
Level 1: Unadjusted quoted prices for identical assets or liabilities in an active market.
Level 2: Observable inputs other than Level 1: (a) quoted prices for similar assets or liabilities in active markets; (b) quoted prices for identical or similar assets or liabilities in markets that are not active; or (c) valuation models whose inputs are observable, directly or indirectly, for substantially the full term of the asset or liability.
Level 3: Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and signi cant to the overall fair value measurement. Unobservable inputs re ect the Company's estimates of the assumptions that market participants would use in valuing the assets and liabilities.
The fair value hierarchy by level is designed to distinguish between inputs that are observable in the marketplace, which are therefore more objective, and those that are unobservable, which are more subjective. This leveling helps to indicate the relative subjectivity and reliability of the fair value measurements.
(1) Fair value measurements at reporting date
Net Asset Value | ||||||||||||||
Description for each class of asset or liability | Level 1 | Level 2 | Level 3 | (NAV) | Total | |||||||||
a. | Assets at fair value | |||||||||||||
Cash Equivalents: Other Money Market Mutual Funds | $ | ..........................625,150 | $ | .......................... | $ | $ | $ | ..........................625,150 | ||||||
Total assets at fair value/NAV | ||||||||||||||
$ | 625,150 | $ | $ | $ | $ | 625,150 | ||||||||
b. | Liabilities at fair value | |||||||||||||
Total liabilities at fair value | ||||||||||||||
$ | $ | $ | $ | $ | ||||||||||
- Fair value measurements in Level 3 of the fair value hierarchy - Not Applicable
- The Company classi es investments as Level 3 in the fair value hierarchy when speci c inputs signi cant to the fair value estimation models are not market observable. Signi cant unobservable inputs used include credit pro le, credit spread, and resulting market yield, which involve considerable judgment by management. This primarily occurs when fair value is derived using non-binding broker quotes where the inputs have not been corroborated to be market observable, or internal valuation estimates that use signi cant non-market observable inputs. The Company classi es investments in certain private placement bonds, private asset backed securities, and certain preferred stock are currently as Level 3 securities.
- Inputs and techniques used for Level 2 and Level 3 fair values - Not Applicable
- Derivatives - Not Applicable
- Other Fair Value Disclosures - Not Applicable
- Fair Values for All Financial Instruments by Level 1, 2 and 3
Aggregate Fair | Net Asset Value | Not Practicable | |||||||||||||
Type of Financial Instrument | Value | Admitted Assets | Level 1 | Level 2 | Level 3 | (NAV) | (Carrying Value) | ||||||||
Bonds | $ | 6,780,496 | $ | 7,363,859 | $ | 153,750 | $ | 6,626,746 | $ | $ | $ | ||||
Cash...................................................................Equivalents | .......................... | 625,150 | .......................... | 625,150 | .......................... | 625,150 | .......................... | - | .......................... | .......................... | .......................... |
6.1
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
Notes to the Financial Statements
20. Fair Value Measurements (Continued)
The Company uses third party valuation service providers which are leading, nationally recognized providers of market data and analytics and utilize proprietary models that vary by asset class and incorporate available trade, bid and other market information when developing valuation information in the form of a single fair value for individual bond or equity security. The inputs used by the valuation service providers include, but are not limited to, market prices from recently completed transactions and transactions of comparable securities, interest rate yield curves, credit spreads, liquidity spreads, sector groupings and benchmarking of like securities. Credit and liquidity spreads are typically implied from completed transactions and transactions of comparable securities. Valuation service providers also use proprietary discounted cash ow models that are widely accepted in the
nancial services industry and similar to those used by other market participants to value the same nancial instruments. The valuation models take into account, among other things, market observable information as of the measurement date, as well as the speci c attributes of the security being valued including its term, interest rate, credit rating, industry sector, and where applicable, collateral quality and other issue or issuer speci c information. The Company classi es investments in US Treasury bonds, actively traded exchange traded funds, mutual funds, and public common stock as Level 1 securities. The Company classi es investments in public corporate bonds, states and political subdivisions bonds, collateralized loan obligations, mortgage-backed securities, convertible bonds, majority of preferred stocks and certain private placement bonds and common stock as Level 2 securities.
- Not Practicable to Estimate Fair Value - Not Applicable
- Nature and Risk of Investments Reported at NAV - Not Applicable
- Other Items - Not Applicable
- Events Subsequent
Subsequent events have been considered through November 10, 2023 for the statutory nancial statements issued on November 13, 2023 with no other events occurring.
- Reinsurance - No Signi cant Changes
- Retrospectively Rated Contracts & Contracts Subject to Redetermination - Not Applicable
- Changes in Incurred Losses and Loss Adjustment Expenses - Not Applicable
- Intercompany Pooling Arrangements - Not Applicable
- Structured Settlements - Not Applicable
- Health Care Receivables - Not Applicable
- Participating Policies - Not Applicable
- Premium De ciency Reserves - Not Applicable
- High Deductibles - Not Applicable
- Discounting of Liabilities For Unpaid Losses or Unpaid Loss Adjustment Expenses - Not Applicable
- Asbestos/Environmental Reserves - Not Applicable
- Subscriber Savings Accounts - Not Applicable
- Multiple Peril Crop Insurance - Not Applicable
- Financial Guaranty Insurance - Not Applicable
6.2
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES
GENERAL | ||
1.1 | Did the reporting entity experience any material transactions requiring the | ling of Disclosure of Material Transactions with the State of |
1.2 | Domicile, as required by the Model.......................................................................................................................................................................................................................Act? | NO |
If yes, has the report been led with the domiciliary state? |
2.1 Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of
2.2 | the reporting entity? | NO |
If yes, date of change: | ||
3.1 | Is the reporting entity a member of an Insurance Holding Company System consisting of two or more a | liated persons, one or more of |
which is an insurer? | YES | |
3.2 | If yes, complete Schedule Y, Parts 1 and 1A. | |
Have there been any substantial changes in the organizational chart since the prior quarter.................................................................................................................end? | NO |
3.3 If the response to 3.2 is yes, provide a brief description of those changes.
...........................................................................................................................................................................................................................................................................
3.4 | Is the reporting entity publicly traded or a member of a publicly traded group? | YES |
3.5 | If the response to 3.4 is yes, provide the CIK (Central Index Key) code issued by the SEC for the entity/group. | ..................................... 0000860748 |
4.1 | Has the reporting entity been a party to a merger or consolidation during the period covered by this statement? | ..............................................................NO |
4.2 If yes, provide the name of entity, NAIC Company Code, and state of domicile (use two letter state abbreviation) for any entity that has ceased to exist as a result of the merger or consolidation.
1 | 2 | 3 |
Name of Entity | NAIC Company Code | State of Domicile |
....................................................................................................................................................... | ......................................................... | ......................................................... |
5. If the reporting entity is subject to a management agreement, including third-party administrator(s), managing general agent(s), attorney-
in-fact, or similar agreement, have there been any signi cant changes regarding the terms of the agreement or principals involved? | .........................NO | ||||
If yes, attach an explanation. | |||||
6.1 | ........................................................................................................................................................................................................................................................................... | ||||
State as of what date the latest | nancial examination of the reporting entity was made or is being made. | ..................................... | 12/31/2018 | ||
6.2 | State the as of date that the latest nancial examination report became available from either the state of domicile or the reporting entity. | ||||
6.3 | This date should be the date of the examined balance sheet and not the date the report was completed or released. ..................................... 12/31/2018 | ||||
State as of what date the latest | nancial examination report became available to other states or the public from either the state of | ||||
domicile or the reporting entity. This is the release date or completion date of the examination report and not the date of the examination | |||||
(balance sheet date). | .............................................................................................................................................................................................. | 08/17/2020 |
6.4 By what department or departments? LOUISIANA DEPARTMENT OF........................................................................................................................................................................................................................INSURANCE
6.5 | Have all nancial statement adjustments within the latest nancial examination report been accounted for in a subsequent | nancial |
6.6 | statement led with Departments? | N/A |
Have all of the recommendations within the latest nancial examination report been complied.................................................................................................................with? | N/A |
7.1 Has this reporting entity had any Certi cates of Authority, licenses or registrations (including corporate registration, if applicable)
suspended or revoked by any governmental entity during the reporting period? | .................................................................................................................NO |
7.2 If yes, give full information
...........................................................................................................................................................................................................................................................................
8.1 Is the company a subsidiary of a bank holding company regulated by the Federal Reserve.................................................................................................................Board? | NO |
8.2 If response to 8.1 is yes, please identify the name of the bank holding company.
...........................................................................................................................................................................................................................................................................
8.3 | Is the company a | liated with one or more banks, thrifts or securities | rms? | NO | ||||||||
8.4 | If response to 8.3 is yes, please provide below the names and location (city and state of the main o ce) of any a | liates regulated by a | ||||||||||
federal regulatory services agency [i.e. the Federal Reserve Board (FRB), the O3ce of the Comptroller of the Currency (OCC), the Federal | ||||||||||||
Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the a liates primary federal | ||||||||||||
regulator. | ||||||||||||
1 | 2 | 3 | 4 | 5 | 6 | |||||||
A | liate Name | Location (City, State) | FRB | OCC | FDIC | SEC | ||||||
.................................................................................. | .................................................................................. | ......................... | ......................... | ......................... | ......................... | |||||||
9.1 | Are the senior o | cers (principal executive o | cer, principal nancial o | cer, principal accounting o | cer or controller, or persons | |||||||
performing similar functions) of the reporting entity subject to a code of ethics, which includes the following standards? | YES |
- Honest and ethical conduct, including the ethical handling of actual or apparent con icts of interest between personal and professional relationships;
(b) Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be led by the reporting entity;
- Compliance with applicable governmental laws, rules and regulations;
- The prompt internal reporting of violations to an appropriate person or persons identi ed in the code; and
- Accountability for adherence to the code.
9.11 If the response to 9.1 is No, please explain:
...........................................................................................................................................................................................................................................................................
9.2 Has the code of ethics for senior managers been amended? | NO |
9.21 If the response to 9.2 is Yes, provide information related to amendment(s).
...........................................................................................................................................................................................................................................................................
9.3 Have any provisions of the code of ethics been waived for any of the speci ed o cers? | NO |
9.31 If the response to 9.3 is Yes, provide the nature of any waiver(s).
...........................................................................................................................................................................................................................................................................
FINANCIAL | |||
10.1 | Does the reporting entity report any amounts due from parent, subsidiaries or a liates on Page 2 of this statement? | .............................................................. | YES |
10.2 | If yes, indicate any amounts receivable from parent included in the Page 2 amount: | $ | - |
7
Quarterly Statement as of September 30, 2023 of the Union National Fire Insurance Company
GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES
INVESTMENT
11.1 Were any of the stocks, bonds, or other assets of the reporting entity loaned, placed under option agreement, or otherwise made
available for use by another person? (Exclude securities under securities lending agreements.................................................................................................................) | NO |
11.2 If yes, give full and complete information relating thereto:
...........................................................................................................................................................................................................................................................................
12. Amount of real estate and mortgages held in other invested assets in Schedule BA: | $ | |||
13. | Amount of real estate and mortgages held in short-terminvestments: | $ | ||
14.1 | Does the reporting entity have any investments in parent, subsidiaries and a | liates? | NO | |
14.2 | If yes, please complete the following: | |||
1 | 2 | |||
Prior Year-End Book / | Current Quarter Book | |||
Adjusted Carrying | / Adjusted Carrying | |||
Value | Value | |||
14.21 Bonds | $ | $ | ||
14.22 Preferred...................................................................................................................................................................................Stock | ...................................... | ...................................... | ||
14.23 Common Stock | ...................................... | ...................................... | ||
14.24 Short-TermInvestments | ...................................... | ...................................... | ||
14.25 Mortgage Loans on Real Estate | ...................................... | ...................................... | ||
14.26 All...................................................................................................................................................................................Other | ...................................... | ...................................... | ||
14.27 Total Investment in Parent, Subsidiaries and A liates (Subtotal Lines 14.21 to 14.26) | ...................................... | ...................................... | ||
14.28 Total Investment in Parent included in Lines 14.21 to 14.26.............................................................................above | ...................................... | ...................................... | ||
15.1 | Has the reporting entity entered into any hedging transactions reported on Schedule DB? | NO | ||
15.2 | If yes, has a comprehensive description of the hedging program been made available to the domiciliary state? | N/A | ||
If no, attach a description with this statement. |
...........................................................................................................................................................................................................................................................................
16. For the reporting entity's security lending program, state the amount of the following as of the current statement date:
16.1 | Total fair value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 | $ |
16.2 | Total book adjusted/carrying value of reinvested collateral assets reported on Schedule DL, Parts 1 and 2 | $ |
16.3 | Total payable for securities lending reported on the liability................................................................................................................................page | $ |
17. Excluding items in Schedule E - Part 3 - Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity`s o ces, vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement with a quali ed bank or trust company in accordance with Section 1, III - General Examination
Considerations, F. Outsourcing of Critical Functions, Custodial or Safekeeping Agreements of the NAIC Financial Condition Examiners | |||||||||||||||
Handbook..........................................................................................................................................................................................................................................................................? | YES | ||||||||||||||
17.1 For all agreements that comply with the requirements of the Financial Condition Examiners Handbook, complete the following: | |||||||||||||||
1 | 2 | ||||||||||||||
Name of Custodian(s) | Custodian Address | ||||||||||||||
THE NORTHERN TRUST COMPANY | 333 SOUTH WABASH, CHICAGO IL 60604 | ||||||||||||||
17.2 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the name, | |||||||||||||||
location and a complete explanation: | |||||||||||||||
1 | 2 | 3 | |||||||||||||
Name(s) | Location(s) | Complete Explanation(s) | |||||||||||||
................................................................................ | ................................................................................ | .......................................................................................................... | |||||||||||||
17.3 Have there been any changes, including name changes, in the custodian(s) identi | ed in 17.1 during the current quarter? | NO | |||||||||||||
17.4 If yes, give full and complete information relating thereto: | |||||||||||||||
1 | 2 | 3 | 4 | ||||||||||||
Old Custodian | New Custodian | Date of Change | Reason | ||||||||||||
..................................................... | ..................................................... | ..................................................... | .......................................................................................................... | ||||||||||||
17.5 Investment management - Identify all investment advisors, investment managers, broker/dealers, including individuals that have the | |||||||||||||||
authority to make investment decisions on behalf of the reporting entity. For assets that are managed internally by employees of the | |||||||||||||||
reporting entity, note as such. ["…that have access to the investment accounts"; "…handle securities"] | |||||||||||||||
1 | 2 | ||||||||||||||
Name of Firm or Individual | A liation | ||||||||||||||
MERASTAR INSURANCE COMPANY | .........................A | ||||||||||||||
17.5097 | For those rms/individuals listed in the table for Question 17.5, do any | rms/individuals una | liated with the reporting entity | ||||||||||||
17.5098 | (i.e., designated with a "U") manage more than 10% of the reporting entity's invested assets? | NO | |||||||||||||
For rms/individuals una | liated with the reporting entity (i.e., designated with a "U") listed in the table for Question 17.5, | ||||||||||||||
does the total assets under management aggregate to more than 50% of the reporting entity's invested assets? | NO | ||||||||||||||
17.6 For those | rms or individuals listed in the table for 17.5 with an a liation code of "A" (a liated) or "U" (una liated), provide the | ||||||||||||||
information for the table below. | |||||||||||||||
1 | 2 | 3 | 4 | 5 | |||||||||||
Central | Investment | ||||||||||||||
Registration | Management | ||||||||||||||
Depository | Agreement | ||||||||||||||
Number | Name of Firm or Individual | Legal Entity Identi er (LEI) | Registered With | (IMA) Filed | |||||||||||
N/A | MERASTAR INSURANCE COMPANY | N/A | N/A | NO | |||||||||||
7.1
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Kemper Corporation published this content on 15 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2023 15:39:04 UTC.