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August 22, 2023 Newswires
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United Insurance Company of America

U.S. Regulated Equity Markets (Alternative Disclosure) via PUBT

*69930202320100102*

LIFE, ACCIDENT AND HEALTH COMPANIES/FRATERNAL BENEFIT SOCIETIES - ASSOCIATION EDITION

QUARTERLY STATEMENT

AS OF JUNE 30, 2023

OF THE CONDITION AND AFFAIRS OF THE

UNITED INSURANCE COMPANY OF AMERICA

NAIC Group Code

0215 0215 NAIC Company Code

69930

Employer's ID Number36............................................-1896670

(Current) (Prior)

Organized under the Laws of

IL

State of Domicile or Port of Entry

IL

Country of Domicile

US

Licensed as business type:

LIFE, ACCIDENT AND HEALTH

Incorporated/Organized

10/15/1927

Commenced Business

04/25/1928

Statutory Home O3ce

200 EAST RANDOLPH STREET, SUITE 3300

CHICAGO, IL, US 60601

Main Administrative O3ce

12115 LACKLAND ROAD

ST. LOUIS, MO, US63146-4003

314-819-4300

(Telephone Number)

Mail................................................................Address

200 EAST RANDOLPH STREET, SUITE 3300

CHICAGO, IL, US 60601

Primary Location of Books and

Records

200 EAST RANDOLPH STREET, SUITE 3300

CHICAGO, IL, US 60601

312-661-4564

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

.................................................................................................................

CHRISTIAN ALBERT DANCER, TREASURER

.................................................................................................................

DIRECTORS OR TRUSTEES

...................................................

JAMES ALLEN ALEXANDER

...................................................JOHN MICHAEL BOSCHELLI

...................................................

STEVEN MICHAEL FRONING

...................................................MAXWELL THOMAS MINDAK

...................................................

MICHAEL ERIC PRESTEGAARD#

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

Subscribed and swoto 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:

  1. State the amendment number:
  2. Date led:
  3. Number of pages attached:

Quarterly Statement as of June 30, 2023 of the United Insurance Company of America

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

3,808,238,149

3,808,238,149

3,825,974,582

2. Stocks:

2.1

Preferred.................................................................................................................................stocks

7,380,494

7,380,494

6,882,696

2.2

Common stocks

60,994,689

60,994,689

58,493,193

3. Mortgage loans on real estate:

3.1

First.................................................................................................................................liens

............................... ............................... ............................... 5,500,391

3.2

Other than

rst liens

4. Real estate:

4.1

Properties occupied by the company (less $

encumbrances)

1,114,312

...............................

1,114,312

1,017,197

4.2

Properties held for the production of income (less $

encumbrances)

2,969,014

...............................3,000

2,966,014

2,966,014

4.3

Properties held for sale (less $

encumbrances)

...........................

...............................

...............................

...............................

................................

5. Cash ($ (7,212,254)), cash equivalents ($ 19,062,275) and short-term

investments ($ 98,832,595)

110,682,616

...............................

110,682,616

32,591,807

6.

Contract loans (including $ 702,494 premium notes)

56,400,205

...............................

56,400,205

56,773,556

7.

Derivatives

...............................

...............................

...............................

................................

8.

Other invested assets

.........................................................................................

150,173,358

...............................

150,173,358

148,082,296

9.

Receivables for securities

10,438,149

...............................200,000

10,238,149

3,009,622

10.

Securities lending reinvested collateral assets

...............................

...............................

...............................

................................

11.

Aggregatewrite-insfor invested.........................................................................................assets

...............................

...............................

...............................

................................

12.

......................................Subtotals, cash and invested assets (Lines 1 to 11)

4,208,390,985

...............................203,000

4,208,187,985

4,141,291,354

13.

Title plants less $

charged off (for Title insurers only)

...............................

...............................

...............................

................................

14.

Investment income due and accrued

40,815,246

...............................

40,815,246

41,975,569

15. Premiums and considerations:

15.1

Uncollected premiums and agents' balances in the course of collection

(57,220,316)

(57,220,316)

(54,025,723)

15.2

Deferred premiums, agents' balances and installments booked but

deferred and not yet due (including $

earned but unbilled premiums)

17,517,757

17,517,757

17,365,181

15.3

Accrued retrospective premiums ($

) and contracts subject to

redetermination ($ )

............................... ...............................

...............................

................................

16. Reinsurance:

16.1 Amounts recoverable from reinsurers

40,950,505

...............................

40,950,505

37,166,828

16.2 Funds held by or deposited with reinsured companies

60,511,767

...............................

60,511,767

60,511,767

16.3 Other amounts receivable under reinsurance contracts

101,043,727

...............................

101,043,727

64,540,271

17.

Amounts receivable relating to uninsured plans

...............................

...............................

...............................

................................

18.1

Current federal and foreign income tax recoverable and interest thereon

48,968,524

...............................

48,968,524

52,995,808

18.2

Net deferred tax asset

61,457,669

49,529,669

11,928,000

13,146,000

19.

Guaranty funds receivable or.........................................................................................on deposit

...............................97,207

...............................

...............................97,207

................................97,028

20.

Electronic data processing equipment and software

20,186,088

20,186,088

...............................-

................................-

21.

Furniture and equipment, including health care delivery assets......................................($ )

...............................92,649

...............................92,649

...............................-

................................-

22.

Net adjustment in assets and liabilities due to foreign exchange......................................rates

...............................

...............................

...............................

................................

23.

Receivables from parent, subsidiaries and a liates

39,240,607

13,633,264

25,607,343

28,823,463

24.

Health care ($ ) and other amounts receivable

...............................

...............................

...............................

................................

25.

Aggregate write-ins for other-than-invested assets

163,147,818

7,457,149

155,690,669

250,323,459

26.

Total assets excluding Separate Accounts, Segregated Accounts and

Protected Cell Accounts (Lines.........................................................................................12 to 25)

4,745,200,234

91,101,819

4,654,098,415

4,654,211,005

27.

From Separate Accounts, Segregated Accounts and Protected Cell Accounts

...............................

...............................

...............................

................................

28.

.........................................................................................Total (Lines 26 and 27)

4,745,200,234

91,101,819

4,654,098,415

4,654,211,005

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. COMPANY OWNED LIFE INSURANCE

147,890,496

...............................

147,890,496

242,452,863

2502. OTHER............................................................................................................................................ASSETS

15,257,322

7,457,149

7,800,173

7,870,596

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)

163,147,818

7,457,149

155,690,669

250,323,459

2

Quarterly Statement as of June 30, 2023 of the United Insurance Company of America

LIABILITIES, SURPLUS AND OTHER FUNDS

1

2

Current

December 31

Statement Date

Prior Year

1.

Aggregate reserve for life contracts $ 744,029,909 less $ included in Line 6.3 (including $ 4,324,099 Modco..................................................................................Reserve)

744,029,909

741,325,721

2.

Aggregate reserve for accident and health contracts (including $ Modco Reserve)

48,295,795

47,065,773

3.

Liability fordeposit-typecontracts (including $ Modco........................................................................................................................................................................................Reserve)

605,570,123

603,219,198

4. Contract claims:

4.1

Life

18,085,526

19,671,284

4.2

Accident and health

..................................5,879,305

..................................4,019,582

5.

Policyholders' dividends/refunds to members $

and coupons $ due and unpaid

..................................

6. Provision for policyholders' dividends, refunds to members and coupons payable in following calendar year-estimated amounts:

6.1

Policyholders' dividends and refunds to members apportioned for payment (including $ Modco)

..................................

..................................

6.2

Policyholders' dividends and refunds to members not yet apportioned (including $ .......................................................................................................................Modco)

..................................

..................................

6.3

Coupons and similar bene ts (including $

Modco)

..................................(65,656)

..................................(57,244)

7.

Amount provisionally held for deferred dividend policies not included in Line 6

..................................

..................................

8.

Premiums and annuity considerations for life and accident and health contracts received in advance less $ discount; including $ 525,529 accident

and health premiums

..................................1,647,118

..................................1,076,671

9.

Contract liabilities not included elsewhere:

9.1

Surrender values on canceled.............................................................................................................................................................................................................................contracts

..................................

..................................

9.2

Provision for experience rating refunds, including the liability of $

accident and health experience rating refunds of which $ is for medical

loss ratio rebate per the Public Health Service Act

..................................

..................................

9.3

Other amounts payable on reinsurance, including $ 2,572,030 assumed and $ 73,983,390.......................................................................................................................ceded

76,555,420

46,541,143

9.4

Interest Maintenance Reserve

..................................443,210

..................................867,004

10.

Commissions to agents due or accrued-life and annuity contracts $ 309,809, accident and health $ 540,886 and deposit-type contract funds...............................$

..................................850,695

..................................1,442,027

11.

Commissions and expense allowances payable on reinsurance assumed

.....................................................................................................................................

..................................

..................................

12.

General expenses due or accrued

..................................8,464,995

13,400,296

13.

Transfers to Separate Accounts due or accrued (net) (including $ accrued for expense allowances recognized in reserves, net of reinsured

allowances)

..................................

..................................

14.

Taxes, licenses and fees due or accrued, excluding federal income taxes

.....................................................................................................................................

..................................(373,353)

..................................(202,982)

15.1

Current federal and foreign income taxes, including $

on realized capital gains (losses)

..................................

..................................

15.2

Net deferred tax liability

..................................

..................................

16.

Unearned investment income

..................................2,279,347

..................................2,900,445

17.

Amounts withheld or retained by reporting entity as agent........................................................................................................................................................................................or trustee

..................................4,294,953

..................................4,654,887

18.

Amounts held for agents' account, including $

agents' credit balances

.....................................................................................................................................

..................................

..................................

19.

Remittances and items not...........................................................................................................................................................................................................................................allocated

..................................1,342,830

..................................1,210,784

20.

Net adjustment in assets and liabilities due to foreign exchange........................................................................................................................................................................................rates

..................................

..................................

21.

Liability for bene ts for employees and agents if not included........................................................................................................................................................................................above

..................................

..................................

22.

Borrowed money $ and interest thereon $

........................................................................................................................................................................................

..................................

..................................

23.

Dividends to stockholders declared and unpaid

........................................................................................................................................................................................

..................................

..................................

24.

Miscellaneous liabilities:

24.01

Asset valuation reserve

40,430,121

47,492,651

24.02

Reinsurance in unauthorized and certi ed ($

) companies

..................................

..................................

24.03

Funds held under reinsurance treaties with unauthorized and certi

ed ($ ) reinsurers

..................................

..................................

24.04

Payable to parent, subsidiaries and a liates

..........................................................................................................................................................................

..................................11,659

..................................335,732

24.05

Drafts outstanding

..................................

..................................

24.06

Liability for amounts held under uninsured plans

..................................

..................................

24.07

Funds held under coinsurance

2,810,478,762

2,811,597,043

24.08

Derivatives

..................................

..................................

24.09

Payable for securities

..................................2,029,652

15,386,667

24.10

Payable for securities lending

..................................

..................................

24.11

Capital notes $ and interest thereon $

..........................................................................................................................................................................

..................................

..................................

25.

Aggregate write-ins for liabilities

31,255,756

29,806,556

26.

........................................................................................................................................................................................Total liabilities excluding Separate Accounts business (Lines 1 to 25)

4,401,506,164

4,391,753,240

27.

From Separate Accounts statement

..................................

..................................

28.

...........................................................................................................................................................................................................................................Total liabilities (Lines 26 and 27)

4,401,506,164

4,391,753,240

29.

Common capital stock

10,152,088

10,152,088

30.

Preferred capital stock

..................................

..................................

31.

Aggregatewrite-insforother-than-specialsurplus funds

..................................

..................................

32.

Surplus..............................................................................................................................................................................................................................................................................................notes

..................................

..................................

33.

Gross paid in and contributed...........................................................................................................................................................................................................................................surplus

179,498,069

179,498,069

34.

Aggregate write-ins for special surplus funds

........................................................................................................................................................................................

..................................

..................................

35.

Unassigned funds (surplus)

62,942,095

72,807,608

36. Less treasury stock, at cost:

36.1

shares common (value included in Line 29

$

)

..................................

..................................

36.2

shares preferred (value included in Line 30

$

)

..................................

..................................

37.

Surplus (Total Lines 31 + 32 + 33 + 34 + 35 - 36) (including $

in Separate Accounts.....................................................................................................................................Statement)

242,440,163

252,305,677

38.

...........................................................................................................................................................................................................................................Totals of Lines 29, 30 and 37

252,592,251

262,457,765

39.

Totals of Lines 28 and 38 (Page 2, Line 28, Col. 3)

........................................................................................................................................................................................

4,654,098,415

4,654,211,005

Details of Write-Ins

2501.

RESERVE FOR ESCHEAT FUNDS

28,270,498

26,466,066

2502.

OTHER LIABILITIES

..................................2,985,258

..................................3,340,490

2503

2598.

Summary of remainingwrite-insfor Line 25 from over ........................................................................................................................................................................................ow page

..................................

..................................

2599.

Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)

31,255,756

29,806,556

3101

3102

3103

3198.

Summary of remainingwrite-insfor Line 31 from over ........................................................................................................................................................................................ow page

..................................

..................................

3199.

Totals (Lines 3101 through 3103 plus 3198) (Line 31 above)

..................................

..................................

3401

3402

3403

3498.

Summary of remainingwrite-insfor Line 34 from over ........................................................................................................................................................................................ow page

..................................

..................................

3499.

Totals (Lines 3401 through 3403 plus 3498) (Line 34 above)

..................................

..................................

3

Quarterly Statement as of June 30, 2023 of the United Insurance Company of America

SUMMARY OF OPERATIONS

1

2

3

Current Year To

Prior Year To

Prior Year Ended

Date

Date

December 31

1.

Premiums and annuity considerations for life and accident and health contracts

52,809,828

308,780,386

(2,829,732,979)

2.

Considerations for supplementary contracts with life contingencies

..................................

..................................

..................................

3.

Net investment income

77,853,271

85,523,709

179,541,566

4.

Amortization of Interest Maintenance Reserve (IMR)

..................................180,169

..................................7,214,386

..................................3,200,073

5.

Separate Accounts net gain from operations excluding unrealized gains or losses

..................................

..................................

..................................-

6.

Commissions and expense allowances on reinsurance ceded

44,838,617

..................................149,561

50,385,568

7.

Reserve adjustments on reinsurance........................................................................................................................................................................................................ceded

..................................(30,330)

..................................(181,241)

..................................(219,846)

8. Miscellaneous Income:

8.1

Income from fees associated with investment management, administration and contract guarantees from Separate Accounts

..................................

..................................

..................................-

8.2

Charges and fees fordeposit..........................................................................................................................................................................................-typecontracts

..................................

..................................

..................................

8.3

Aggregatewrite-insfor miscellaneous income

..................................9,398,484

..................................8,505,379

..................................4,807,735

9.

........................................................................................................................................................................................................Totals (Lines 1 to 8.3)

185,050,039

409,992,181

(2,592,017,883)

10.

...........................................................................................................................................................................................................................................................Death bene ts

19,905,163

123,086,178

97,857,656

11.

Matured endowments (excluding guaranteed annual pure.....................................................................................................................................................endowments)

..................................542,701

..................................3,084,959

..................................3,558,361

12.

Annuity...........................................................................................................................................................................................................................................................bene ts

..................................65,633

..................................400,825

..................................515,828

13.

Disability bene ts and bene ts under accident and health.....................................................................................................................................................contracts

..................................3,900,214

42,858,210

60,824,421

14.

Coupons, guaranteed annual pure endowments and similar.....................................................................................................................................................bene ts

..................................(7,772)

..................................(12,170)

..................................(19,472)

15.

Surrender bene ts and withdrawals for life contracts

..................................4,542,555

19,914,298

24,330,610

16.

Group conversions

..................................

..................................

..................................-

17.

Interest and adjustments on contract ordeposit-typecontract.....................................................................................................................................................funds

..................................372,502

..................................392,028

..................................661,067

18.

Payments on supplementary contracts with life contingencies

..................................711

..................................635

..................................1,060

19.

Increase in aggregate reserves for life and accident and health.....................................................................................................................................................contracts

..................................5,999,452

27,472,501

(2,965,739,464)

20.

........................................................................................................................................................................................................Totals (Lines 10 to 19)

35,321,158

217,197,465

(2,778,009,932)

21.

Commissions on premiums, annuity considerations, and deposit-type contract funds (direct business only)

59,030,706

74,522,090

141,947,342

22.

Commissions and expense allowances on reinsurance assumed

..................................(78)

..................................216,455

..................................357,800

23.

General insurance expenses and fraternal expenses

14,598,038

93,636,742

130,813,519

24.

Insurance taxes, licenses and fees, excluding federal income.....................................................................................................................................................taxes

..................................1,362,582

..................................7,117,388

..................................9,978,380

25.

Increase in loading on deferred and uncollected premiums

..................................1,393,693

..................................9,014,410

(73,447,460)

26.

Net transfers to or (from) Separate Accounts net of reinsurance

..................................

..................................

..................................-

27.

Aggregatewrite-insfor deductions

65,034,910

..................................

(57,135,053)

28.

........................................................................................................................................................................................................Totals (Lines 20 to 27)

176,741,009

401,704,550

(2,625,495,403)

29.

...............................................Net gain from operations before dividends to policyholders and federal income taxes (Line 9 minus Line 28)

..................................8,309,030

..................................8,287,631

33,477,520

30.

Dividends to policyholders and refunds to members

..................................744

..................................(4,595)

..................................(5,268)

31.

Net gain from operations after dividends to policyholders, refunds to members and before federal income taxes (Line 29 minus Line 30)

..................................8,308,285

..................................8,292,225

33,482,788

32.

Federal and foreign income taxes incurred (excluding tax on capital gains)

..................................163,562

..................................(3,788,919)

..................................(2,822,375)

33. Net gain from operations after dividends to policyholders, refunds to members and federal income taxes and before realized capital gains

or (losses) (Line 31 minus Line........................................................................................................................................................................................................32)

..................................8,144,723

12,081,144

36,305,163

34. Net realized capital gains (losses) (excluding gains (losses) transferred to the IMR) less capital gains tax of $ 94,596 (excluding taxes of

$ (64,761) transferred to the ........................................................................................................................................................................................................IMR)

..................................355,863

55,805,720

144,227,641

35.

........................................................................................................................................................................................................Net income (Line 33 plus Line 34)

..................................8,500,586

67,886,864

180,532,805

36.

Capital and Surplus Account

Capital and surplus, December........................................................................................................................................................................................................31, prior year

262,457,765

444,993,926

444,993,926

37.

........................................................................................................................................................................................................Net income (Line 35)

..................................8,500,586

67,886,864

180,532,805

38.

Change in net unrealized capital gains (losses) less capital gains tax of $ 1,390,035

..................................(7,495,733)

(80,203,501)

(84,613,037)

39.

Change in net unrealized foreign exchange capital gain (loss)

..................................

..................................

..................................

40.

Change in net deferred income........................................................................................................................................................................................................tax

..................................5,437,050

(14,523,550)

(21,965,499)

41.

Change in nonadmitted assets

(23,341,699)

..................................(797,318)

..................................(5,021,087)

42.

Change in liability for reinsurance in unauthorized and certi ed companies

..................................

..................................

..................................

43.

Change in reserve on account of change in valuation basis, (increase) or decrease

..................................

..................................

..................................

44.

Change in asset valuation reserve

..................................7,062,530

40,345,357

48,294,911

45.

Change in treasury stock

..................................

..................................

..................................

46.

Surplus (contributed to) withdrawn from Separate Accounts during period

..................................

..................................

..................................

47.

Other changes in surplus in Separate Accounts Statement

..................................

..................................

..................................

48.

Change in surplus notes

..................................

..................................

..................................

49.

Cumulative effect of changes in accounting principles

..................................

..................................

..................................

50.

Capital changes:

50.1

Paid.............................................................................................................................................................................................................................................in

..................................

..................................

..................................

50.2 Transferred from surplus (Stock..........................................................................................................................................................................................Dividend)

..................................

..................................

..................................

50.3

Transferred to surplus

..................................

..................................

..................................

51.

Surplus adjustment:

51.1

Paid.............................................................................................................................................................................................................................................in

..................................-

..................................

..................................

51.2 Transferred to capital (Stock..........................................................................................................................................................................................Dividend)

..................................

..................................

..................................

51.3

Transferred from capital

..................................

..................................

..................................

51.4 Change in surplus as a result..........................................................................................................................................................................................of reinsurance

..................................

..................................

..................................

52.

Dividends to stockholders

..................................

..................................

(300,000,000)

53.

Aggregatewrite-insfor gains and losses in surplus

..................................(28,248)

..................................267,684

..................................235,747

54.

.....................................................................................................................................................Net change in capital and surplus (Lines 37 through 53)

..................................(9,865,514)

12,975,535

(182,536,161)

55.

.....................................................................................................................................................Capital and surplus as of statement date (Lines 36 + 54)

252,592,251

457,969,461

262,457,765

Details of Write-Ins

08.301. MISCELLANEOUS INCOME

..................................7,911,853

..................................8,505,379

..................................1,803,260

08.302. INTEREST FROM REINSURERS ON FUNDS WITHHELD

..................................1,486,631

..................................

..................................3,004,475

08.303.

...........................................................................................................................................................................................................................................................

..................................

..................................

..................................

08.398. Summary of remainingwrite-insfor Line 8.3 from over ow.....................................................................................................................................................page

..................................

..................................

..................................

08.399

Totals (Lines 08.301 through 08.303 plus 08.398) (Line 8.3....................................................................................................................................................above)

..................................9,398,484

..................................8,505,379

..................................4,807,735

2701.

NII TRANSFERRED FOR CEDED COINSURANCE

65,034,910

..................................

48,625,258

2702.

IMR TRANSFERRED FOR CEDED COINSURANCE

..................................

..................................

(105,760,311)

2703

2798.

Summary of remainingwrite-insfor Line 27 from over ow.....................................................................................................................................................page

..................................

..................................

..................................

2799.

Totals (Lines 2701 through 2703 plus 2798) (Line 27 above)

65,034,910

..................................

(57,135,053)

5301.

AMORTIZATION OF DEFERRED GAINS

..................................(28,248)

..................................12,751

..................................(19,186)

5302.

LEASE ACCOUNTING CORRECTION

..................................

..................................254,933

..................................254,933

5303

5398.

Summary of remainingwrite-insfor Line 53 from over ow.....................................................................................................................................................page

..................................

..................................

..................................

5399.

Totals (Lines 5301 through 5303 plus 5398) (Line 53 above)

..................................(28,248)

..................................267,684

..................................235,747

4

Quarterly Statement as of June 30, 2023 of the United Insurance Company of America

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

......................................98,150,347

303,407,902

......................................413,289,022

2.

Net investment income

......................................67,592,097

84,466,066

......................................177,168,093

3.

Miscellaneous income

......................................46,595,252

1,559,044

......................................38,663,245

4.

Total..........................................................................................................................................................(Lines 1 to 3)

212,337,697

389,433,012

629,120,360

5.

Bene t and loss related payments

......................................51,714,345

221,529,543

......................................309,161,276

6.

Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.

......................................

......................................

......................................-

7.

Commissions, expenses paid and aggregate write-ins for deductions

......................................197,035,031

167,369,138

......................................329,577,925

8.

Dividends paid to policyholders

......................................744

(4,595)

......................................(5,268)

9.

Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) .

......................................(3,833,887)

......................................

......................................(8,078,135)

10.

Total (Lines 5 through 9)

......................................244,916,233

388,894,086

......................................630,655,798

11.

Net cash from operations (Line 4.......................................................................................................minus Line 10)

(32,578,536)

538,926

(1,535,438)

Cash from Investments

12.

Proceeds from investments sold, matured or repaid:

12.1 Bonds

......................................145,269,192

213,310,910

......................................452,518,777

12.2 Stocks

......................................101,387

210,001,131

......................................366,777,292

12.3 Mortgage..................................................................................................................................................loans

......................................5,500,391

74,456

......................................150,414

12.4 Real..................................................................................................................................................estate

......................................61,275

......................................

......................................136,160,000

12.5 Other invested assets

......................................2,779,309

12,507,657

......................................38,617,775

12.6 Net gains or (losses) on cash, cash equivalents and short-term investments

......................................(1,968)

(2,504)

......................................(14,753)

12.7 Miscellaneous proceeds

......................................-

......................................

......................................2,346,762

12.8 Total investment proceeds (Lines.....12.1.........................................................................................to 12.7)

......................................153,709,586

435,891,650

......................................996,556,267

13.

Cost of investments acquired (long-term only):

13.1 Bonds

......................................133,958,769

545,981,278

1,051,499,996

13.2 Stocks

......................................1,155,703

4,208,727

......................................5,571,527

13.3 Mortgage..................................................................................................................................................loans

......................................

......................................

......................................

13.4 Real..................................................................................................................................................estate

......................................127,014

2,879,363

......................................3,086,187

13.5 Other invested assets

......................................6,338,008

1,344,000

......................................21,002,968

13.6 Miscellaneous applications

......................................20,585,543

15,146,133

......................................2,980,763

13.7 Total investments acquired (Lines......13.1........................................................................................to 13.6)

162,165,037

569,559,501

1,084,141,441

14.

Net increase (or decrease) in contract loans and premium notes

......................................(161,908)

(3,902,183)

......................................(4,199,185)

15.

Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)

(8,293,542)

(129,765,668)

(83,385,989)

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

......................................2,350,925

201,496,251

......................................199,706,414

16.5 Dividends to stockholders

......................................

......................................

......................................10,485

16.6 Other cash provided (applied)

......................................116,611,962

(103,891,078)

......................................(135,355,644)

17.

Net cash from nancing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5

plus..........................................................................................................................................................Line 16.6)

......................................118,962,887

97,605,173

......................................64,340,285

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) .

......................................78,090,809

(31,621,569)

......................................(20,581,142)

19.

Cash, cash equivalents and short-term investments:

19.1 Beginning..................................................................................................................................................of year

......................................32,591,807

53,172,958

......................................53,172,949

19.2 End of period (Line 18 plus Line 19...1)

......................................110,682,616

21,551,390

......................................32,591,807

Note: Supplemental disclosures of cash ow information for non-cash transactions:

...............................................................................................20.0001.NON-CASHREINSURANCE SETTLEMENT

......................................29,257,674

......................................

......................................

20.0002.NON-CASHCOLI INCOME

......................................7,641,849

7,095,896

......................................16,132,312

20.0003. INVESTMENT SECURITY EXCHANGES

......................................6,811,689

948,161

......................................948,161

20.0004.NON-CASHINVESTMENT INCOME (PIK)

......................................247,029

1,440,952

......................................1,910,298

20.0005.NON-CASHDIVIDEND PAID

......................................

......................................

......................................299,989,515

5

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Kemper Corporation published this content on 21 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2023 13:47:39 UTC.

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