American Access Casualty Company

Quarterly Statement as of June 30, 2023 of the American Access Casualty 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	351,386,054	351,386,054	357,177,866

2. Stocks:

	2.1	Preferred.................................................................................................................................stocks	1,060,530	1,060,530	7,561,960
	2.2	Common stocks	...............................146,400	...............................146,400	................................144,000
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)	8,617,308	8,617,308	8,715,099
4.2	Properties held for the production of income (less $	encumbrances)	............................... ...............................	...............................	................................
4.3	Properties held for sale (less $	encumbrances)	...........................	............................... ...............................	...............................	................................

5. Cash ($ (23,390,035)), cash equivalents ($ 33,451,032) and short-term

	investments ($	)	.........................................................................................	10,060,997	10,060,997	(5,419,197)
6.	Contract loans (including $	premium notes)	............................... ...............................	...............................	................................
7.	Derivatives		............................... ...............................	...............................	................................
8.	Other invested assets	.........................................................................................	5,917,998	5,917,998	5,689,251
9.	Receivables for securities	.........................................................................................	............................... ...............................	...............................	................................
10.	Securities lending reinvested collateral assets	............................... ...............................	...............................	................................
11.	Aggregatewrite-insfor invested.........................................................................................assets	............................... ...............................	...............................	................................
12.	......................................Subtotals, cash and invested assets (Lines 1 to 11)	377,189,287	377,189,287	373,868,979
13.	Title plants less $	charged off (for Title insurers only)	............................... ...............................	...............................	................................
14.	Investment income due and accrued	2,856,773	2,856,773	2,895,028

15. Premiums and considerations:

	15.1 Uncollected premiums and agents' balances in the course of collection	24,492,921	...............................95,380	24,397,541	12,178,409
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	earned but unbilled premiums)	104,683,226	...............................	104,683,226	112,290,044
	15.3 Accrued retrospective premiums ($	) and contracts subject to
	redetermination ($ )	...............................	...............................	...............................	................................
16.	Reinsurance:
	16.1 Amounts recoverable from reinsurers	...............................	...............................	...............................	................................
	16.2 Funds held by or deposited with reinsured companies	...............................	...............................	...............................	................................
	16.3 Other amounts receivable under reinsurance contracts	...............................	...............................	...............................	................................
17.	Amounts receivable relating to uninsured plans	...............................	...............................	...............................	................................
18.1	Current federal and foreign income tax recoverable and interest thereon	...............................875,000	...............................	...............................875,000	................................875,000
18.2	Net deferred tax asset	23,206,236	15,116,119	8,090,117	7,308,520
19.	Guaranty funds receivable or.........................................................................................on deposit	...............................	...............................	...............................	................................
20.	Electronic data processing equipment and software	1,031,177	...............................	1,031,177	................................329,671
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	3,239,209	...............................	3,239,209	1,197,535
24.	Health care ($ ) and other amounts receivable	...............................	...............................	...............................	................................
25.	Aggregate write-ins for other-than-invested assets	...............................819,945	...............................415,842	...............................404,103	................................787,704
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines.........................................................................................12 to 25)	538,393,774	15,627,341	522,766,434	511,730,889
27.	From Separate Accounts, Segregated Accounts and Protected Cell Accounts	...............................	...............................	...............................	................................
28.	.........................................................................................Total (Lines 26 and 27)	538,393,774	15,627,341	522,766,434	511,730,889
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. Security Deposit	...............................403,160	...............................403,160	...............................-	................................403,160
2502. Premium Tax Receivable	...............................332,900	...............................	...............................332,900	................................332,901
2503. Other............................................................................................................................................Assets	...............................71,203	...............................	...............................71,203	................................51,643
2598. Summary of remaining write-ins for Line 25 from over ow......................................page	...............................12,682	...............................12,682	...............................-	................................
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)	...............................819,945	...............................415,842	...............................404,103	................................787,704

Quarterly Statement as of June 30, 2023 of the American Access Casualty Company

LIABILITIES, SURPLUS AND OTHER FUNDS

							1	2
							Current	December 31,
							Statement Date	Prior Year
1.	Losses (current accident year $ 89,211,596)	207,354,493	207,524,363
2.	Reinsurance payable on paid losses and loss adjustment expenses	..............................-	..............................
3.	Loss adjustment expenses		32,866,914	30,635,025
4.	Commissions payable, contingent commissions and other......................................................................................................similar charges	16,917,373	19,731,018
5.	Other expenses (excluding taxes, licenses and fees)	......................................................................................................	..............................210,218	1,605,170
6.	Taxes, licenses and fees (excluding federal and foreign income......................................................................................................taxes)	1,535,527	1,756,809
7.1	Current federal and foreign income taxes (including $	on realized capital gains (losses))	..............................-
7.2	Net deferred tax liability		..............................	..............................
8.	Borrowed money $	and interest thereon $	...................................................................................................... ..............................	..............................
9.	Unearned premiums (after deducting unearned premiums for ceded reinsurance of $	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)	145,161,325	152,994,751
10.	Advance premium	.........................................................................................................................................................		..............................757,787	..............................787,747
11.	Dividends declared and unpaid:
	11.1	Stockholders		..............................	..............................
	11.2	Policyholders		..............................	..............................
12.	Ceded reinsurance premiums payable (net of ceding commissions)	..............................194,472	..............................395,262
13.	Funds held by company under reinsurance treaties	...................................................................................................... ..............................	..............................
14.	Amounts withheld or retained by company for account of others	..............................32,373
15.	Remittances and items not allocated		..............................	..............................
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		1,347,779	1,670,832
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.	Aggregatewrite-insfor liabilities		..............................8,679	..............................329,302
26.	Total liabilities excluding protected cell liabilities (Lines 1 through......................................................................................................25)	406,354,567	417,462,651
27.	Protected cell liabilities		..............................	..............................
28.	Total liabilities (Lines 26 and.........................................................................................................................................................27)		406,354,567	417,462,651
29.	Aggregatewrite-insfor special.........................................................................................................................................................surplus funds	..............................	..............................
30.	Common capital stock		4,900,000	4,900,000
31.	Preferred capital stock		..............................	..............................
32.	Aggregate write-ins for other-than-special surplus funds	...................................................................................................... ..............................	..............................
33.	Surplus............................................................................................................................................................................................................notes				..............................	..............................
34.	Gross paid in and contributed.........................................................................................................................................................surplus		95,169,340	65,100,000
35.	Unassigned funds (surplus)		16,342,528	24,268,238

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)	116,411,868	94,268,238
.........................................................................................................................................................38. Totals (Page 2, Line 28, Col. 3)		522,766,434	511,730,889
Details of Write-Ins
2501. Other............................................................................................................................................................................................................Liabilities		..............................8,679	..............................329,302
2502			..............................	..............................
2503			..............................	..............................
2598. Summary of remainingwrite-insfor Line 25 from over ow......................................................................................................page	..............................	..............................
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)	..............................8,679	..............................329,302
2901			..............................	..............................
2902			..............................	..............................
2903			..............................	..............................
2998. Summary of remainingwrite-insfor Line 29 from over ow......................................................................................................page	..............................	..............................
2999. Totals (Lines 2901 through 2903 plus 2998) (Line 29 above)	..............................	..............................
3201			..............................	..............................
3202			..............................	..............................
3203			..............................	..............................
3298. Summary of remainingwrite-insfor Line 32 from over ow......................................................................................................page	..............................	..............................
3299. Totals (Lines 3201 through 3203 plus 3298) (Line 32 above)	..............................	..............................

Quarterly Statement as of June 30, 2023 of the American Access Casualty 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 $ 166,841,385)	......................................174,674,811	......................................177,133,317	......................................353,852,848
1.2.	Assumed (written $ )	......................................	......................................	......................................
1.3.	Ceded (written $ 63,086)	......................................(63,086)	......................................71,831	......................................398,240
1.4	Net (written $ 166,778,299)	......................................174,737,897	......................................177,061,486	......................................353,454,607

Deductions:

2. Losses incurred (current accident year $137,941,651 ):

	2.1	Direct	......................................148,435,148	......................................153,471,874	......................................294,426,993
	2.2	Assumed	......................................	......................................	......................................
	2.3	Ceded	......................................	......................................	......................................
	2.4	Net	......................................148,435,148	......................................153,471,874	......................................294,426,994
3.	Loss adjustment expenses incurred	......................................20,916,751	......................................15,230,440	......................................33,502,988
4.	Other underwriting expenses incurred	......................................31,855,291	......................................63,689,161	......................................121,562,630
5.	Aggregatewrite-insfor underwriting....................................................................................................deductions	......................................	......................................	......................................
6.	Total underwriting deductions (Lines....................................................................................................2 through 5)	......................................201,207,190	......................................232,391,475	......................................449,492,611
7.	Net income of protected cells	......................................	......................................	......................................
8.	.................................................Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7)	......................................(26,469,293)	......................................(55,329,989)	......................................(96,038,005)
		Investment Income
9.	Net investment income earned	......................................6,393,037	......................................5,296,278	......................................10,597,661
10.	Net realized capital gains (losses) less capital gains tax of $	......................................(379,396)	......................................(603,798)	......................................(786,611)
11.	....................................................................................................Net investment gain (loss) (Lines 9 + 10)	......................................6,013,641	......................................4,692,480	......................................9,811,050
		Other Income

12. Net gain or (loss) from agents' or premium balances charged off (amount recovered $

	amount charged off $ 959,887)	......................................(959,887)	......................................(607,884)	......................................(1,327,972)
13.	Finance and service charges not included in premiums	......................................11,997,776	......................................14,302,302	......................................26,858,530
14.	Aggregatewrite-insfor miscellaneous....................................................................................................income	......................................191,659	......................................547,279	......................................1,110,759
15.	....................................................................................................Total other income (Lines 12 through 14)	......................................11,229,548	......................................14,241,697	......................................26,641,317

16. Net income before dividends to policyholders, after capital gains tax and before all other federal

	and foreign income taxes (Lines 8....................................................................................................+ 11 + 15)	......................................(9,226,104)	......................................(36,395,811)	......................................(59,585,637)
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)	......................................(9,226,104)	......................................(36,395,811)	......................................(59,585,637)
19.	Federal and foreign income taxes....................................................................................................incurred	......................................	......................................1,110,897	......................................(202,397)
20.	....................................................................................................Net income (Line 18 minus Line 19) (to Line 22)	......................................(9,226,104)	......................................(37,506,708)	......................................(59,383,240)
21.	Capital and Surplus Account
Surplus as regards policyholders, December 31 prior year	......................................94,268,238	......................................102,479,563	......................................102,479,563
22.	Net income (from Line 20)	......................................(9,226,104)	......................................(37,506,708)	......................................(59,383,240)
23.	Net transfers (to) from Protected....................................................................................................Cell accounts	......................................	......................................	......................................
24.	Change in net unrealized capital gains or (losses) less capital gains tax of $ 1,779,758	......................................(917,817)	......................................(1,958,157)	......................................(2,480,833)
25.	Change in net unrealized foreign exchange capital gain (loss)	......................................	......................................	......................................
26.	Change in net deferred income tax	......................................2,855,734	......................................8,833,767	......................................13,106,376
27.	Change in nonadmitted assets	......................................(637,524)	......................................(3,727,299)	......................................(14,453,204)
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	......................................30,069,340	......................................8,000,000	......................................55,000,000
	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	......................................	......................................	......................................
36.	Change in treasury stock	......................................	......................................	......................................
37.	Aggregatewrite-insfor gains and....................................................................................................losses in surplus	......................................	......................................(423)	......................................(423)
38.	.................................................Change in surplus as regards policyholders (Lines 22 through 37)	......................................22,143,629	......................................(26,358,821)	......................................(8,211,325)
39.	.................................................Surplus as regards policyholders, as of statement date (Lines 21 plus 38)	......................................116,411,868	......................................76,120,742	......................................94,268,238
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.	Miscellaneous Income	......................................191,659	......................................547,279	......................................1,110,759
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)	......................................191,659	......................................547,279	......................................1,110,759
3701.	Gains and losses in surplus	......................................	......................................(423)	......................................(423)
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)	......................................	......................................(423)	......................................(423)

Quarterly Statement as of June 30, 2023 of the American Access Casualty 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	......................................162,077,638	181,471,553	......................................356,315,012
2.	Net investment income	......................................7,054,454	6,053,653	......................................11,608,083
3.	Miscellaneous income	......................................11,229,548	14,241,697	......................................26,641,317
4.	Total..........................................................................................................................................................(Lines 1 to 3)	180,361,640	201,766,904	394,564,412
5.	Bene t and loss related payments	......................................148,605,018	143,600,428	......................................284,106,506
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.	......................................	......................................	......................................
7.	Commissions, expenses paid and aggregate write-ins for deductions	......................................54,970,032	80,250,473	......................................156,545,942
8.	Dividends paid to policyholders	......................................	......................................	......................................
9.	Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) .	......................................-	......................................	......................................550,832
10.	Total (Lines 5 through 9)	......................................203,575,049	223,850,901	......................................441,203,280
11.	Net cash from operations (Line 4.......................................................................................................minus Line 10)	(23,213,409)	(22,083,998)	(46,638,868)
	Cash from Investments
12.	Proceeds from investments sold, matured or repaid:
	12.1 Bonds	......................................23,843,730	17,492,934	......................................17,726,815
	12.2 Stocks	......................................6,522,248	6,104,192	......................................16,634,699
	12.3 Mortgage..................................................................................................................................................loans	......................................	......................................	......................................
	12.4 Real..................................................................................................................................................estate	......................................	......................................	......................................
	12.5 Other invested assets	......................................430,416	7,337,120	......................................7,337,120
	12.6 Net gains or (losses) on cash, cash equivalents and short-term investments	......................................	......................................	......................................
	12.7 Miscellaneous proceeds	......................................-	839,327	......................................839,327
	12.8 Total investment proceeds (Lines.....12.1.........................................................................................to 12.7)	......................................30,796,394	31,773,573	......................................42,537,961
13.	Cost of investments acquired (long-term only):
	13.1 Bonds	......................................3,353,949	25,876,638	......................................25,608,542
	13.2 Stocks	......................................2,400	144,000	......................................144,000
	13.3 Mortgage..................................................................................................................................................loans	......................................	......................................	......................................
	13.4 Real..................................................................................................................................................estate	......................................	......................................	......................................
	13.5 Other invested assets	......................................351,440	611,724	......................................911,448
	13.6 Miscellaneous applications	......................................-	......................................	......................................-
	13.7 Total investments acquired (Lines......13.1........................................................................................to 13.6)	3,707,789	26,632,362	26,663,990
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)	27,088,605	5,141,212	15,873,972
	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	......................................15,000,000	8,000,000	......................................34,862,783
	16.3 Borrowed..................................................................................................................................................funds	......................................	......................................	......................................
	16.4 Net deposits on deposit-type contracts and other insurance liabilities	......................................	......................................	......................................
	16.5 Dividends to stockholders	......................................	......................................	......................................
	16.6 Other cash provided (applied)	......................................(3,395,001)	502,384	......................................25,656
17.	Net cash from nancing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5
	plus..........................................................................................................................................................Line 16.6)	......................................11,604,999	8,502,384	......................................34,888,439
	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) .	......................................15,480,195	(8,440,402)	......................................4,123,543
19.	Cash, cash equivalents and short-term investments:
	19.1 Beginning..................................................................................................................................................of year	......................................(5,419,197)	(9,542,741)	......................................(9,542,740)
	19.2 End of period (Line 18 plus Line 19...1)	......................................10,060,997	(17,983,142)	......................................(5,419,197)
Note: Supplemental disclosures of cash ow information for non-cash transactions:
...............................................................................................20.0001. Non Cash Capital Contribution	......................................15,069,340	......................................	......................................20,137,217

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Kemper Corporation published this content on 13 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2023 05:21:34 UTC.

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