Warner Insurance Company

Quarterly Statement as of June 30, 2023 of the Warner Insurance Company

ASSETS

			Current Statement Date	4
			1	2	3
					Net Admitted	December 31
				Nonadmitted	Assets	Prior Year Net
			Assets	Assets	(Cols. 1 - 2)	Admitted Assets
1.	............................................................................................................................................Bonds	5,833,208	...............................	5,833,208	5,508,365
2.	Stocks:
	2.1	Preferred.................................................................................................................................stocks	...............................	...............................	...............................	................................
	2.2	Common stocks	12,057,575	...............................	12,057,575	11,882,122
3.	Mortgage loans on real estate:
	3.1	First.................................................................................................................................liens	...............................	...............................	...............................	................................
	3.2	Other than rst liens	...............................	...............................	...............................	................................

4. Real estate:


4.1	Properties occupied by the company (less $	encumbrances)
4.2	Properties held for the production of income (less $	encumbrances)
4.3	Properties held for sale (less $	encumbrances)	........................... ............................... ............................... ............................... ................................

5. Cash ($ 25,235), cash equivalents ($ 24,391) and short-term investments

	(............................................................................................................................................$ )		...............................49,626	...............................49,626	................................291,899
6.	Contract loans (including $	premium notes)	............................... ...............................	...............................	................................
7.	Derivatives		............................... ...............................	...............................	................................
8.	Other invested assets		.........................................................................................	............................... ...............................	...............................	................................
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)	17,940,409	17,940,409	17,682,386
13.	Title plants less $	charged off (for Title insurers only)	............................... ...............................	...............................	................................
14.	Investment income due and accrued	...............................109,260	...............................109,260	................................175,867

15. Premiums and considerations:

	15.1 Uncollected premiums and agents' balances in the course of collection	...............................	...............................	...............................	................................-
	15.2 Deferred premiums, agents' balances and installments booked but
	deferred and not yet due (including $	earned but unbilled premiums)	...............................	...............................	...............................	................................
	15.3 Accrued retrospective premiums ($	) and contracts subject to
	redetermination ($ )	...............................	...............................	...............................	................................
16.	Reinsurance:
	16.1 Amounts recoverable from reinsurers	...............................	...............................	...............................	................................
	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	...............................	...............................	...............................	................................
18.2	Net deferred tax asset	...............................196,194	...............................111,732	...............................84,462	................................84,000
19.	Guaranty funds receivable or.........................................................................................on deposit	...............................550	...............................	...............................550	................................550
20.	Electronic data processing equipment and software	...............................	...............................	...............................	................................
21.	Furniture and equipment, including health care delivery assets......................................($ )	...............................	...............................	...............................	................................
22.	Net adjustment in assets and liabilities due to foreign exchange......................................rates	...............................	...............................	...............................	................................
23.	Receivables from parent, subsidiaries and a	liates	...............................1,005	...............................	...............................1,005	................................20,335
24.	Health care ($ ) and other amounts receivable	...............................	...............................	...............................	................................
25.	Aggregate write-ins for other-than-invested assets	...............................11,112	...............................	...............................11,112	................................1,777
26.	Total assets excluding Separate Accounts, Segregated Accounts and
	Protected Cell Accounts (Lines.........................................................................................12 to 25)	18,258,531	...............................111,732	18,146,799	17,964,915
27.	From Separate Accounts, Segregated Accounts and Protected Cell Accounts	...............................	...............................	...............................	................................
28.	.........................................................................................Total (Lines 26 and 27)	18,258,531	111,732	18,146,799	17,964,915
Details of Write-Ins
1101.	............................................................................................................................................	...............................	...............................	...............................	................................
1102.	............................................................................................................................................	...............................	...............................	...............................	................................
1103.	............................................................................................................................................	...............................	...............................	...............................	................................
1198. Summary of remaining write-ins for Line 11 from over ow......................................page	...............................	...............................	...............................	................................
1199. Totals (Lines 1101 through 1103 plus 1198) (Line 11 above)	...............................	...............................	...............................	................................
2501. Premium Tax Receivable	...............................11,112	...............................	...............................11,112	................................1,777
2502.	............................................................................................................................................	...............................	...............................	...............................	................................
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)	...............................11,112	...............................	...............................11,112	................................1,777

Quarterly Statement as of June 30, 2023 of the Warner Insurance Company

LIABILITIES, SURPLUS AND OTHER FUNDS

							1	2
							Current	December 31,
							Statement Date	Prior Year
1.	Losses (current accident year $ )		..............................	..............................-
2.	Reinsurance payable on paid losses and loss adjustment expenses	..............................
3.	Loss adjustment expenses		..............................	..............................
4.	Commissions payable, contingent commissions and other......................................................................................................similar charges	..............................
5.	Other expenses (excluding taxes, licenses and fees)	...................................................................................................... ..............................	..............................
6.	Taxes, licenses and fees (excluding federal and foreign income......................................................................................................taxes)	..............................
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)	..............................	..............................
10.	Advance premium	.........................................................................................................................................................		..............................	..............................
11.	Dividends declared and unpaid:
	11.1	Stockholders		..............................	..............................
	11.2	Policyholders		..............................	..............................
12.	Ceded reinsurance premiums payable (net of ceding commissions)	..............................-
13.	Funds held by company under reinsurance treaties	...................................................................................................... ..............................	..............................
14.	Amounts withheld or retained by company for account of others	..............................
15.	Remittances and items not allocated		..............................	..............................
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		..............................5,847	..............................1,220
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		..............................21,757	..............................21,755
26.	Total liabilities excluding protected cell liabilities (Lines 1 through......................................................................................................25)	..............................27,604	..............................22,976
27.	Protected cell liabilities		..............................	..............................
28.	Total liabilities (Lines 26 and.........................................................................................................................................................27)		..............................27,604	..............................22,976
29.	Aggregatewrite-insfor special.........................................................................................................................................................surplus funds	..............................	..............................
30.	Common capital stock		3,000,000	3,000,000
31.	Preferred capital stock		..............................	..............................
32.	Aggregate write-ins for other-than-special surplus funds	...................................................................................................... ..............................	..............................
33.	Surplus............................................................................................................................................................................................................notes				..............................	..............................
34.	Gross paid in and contributed.........................................................................................................................................................surplus		30,013,466	30,013,466
35.	Unassigned funds (surplus)		(14,894,272)	(15,071,527)

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)	18,119,195	17,941,940
.........................................................................................................................................................38. Totals (Page 2, Line 28, Col. 3)		18,146,799	17,964,915
Details of Write-Ins
2501. Escheat			..............................21,757	..............................21,755
2502			..............................	..............................
2503			..............................	..............................
2598. Summary of remainingwrite-insfor Line 25 from over ow......................................................................................................page	..............................	..............................
2599. Totals (Lines 2501 through 2503 plus 2598) (Line 25 above)	..............................21,757	..............................21,755
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 Warner Insurance Company

STATEMENT OF INCOME

1	2	3
		Prior Year Ended
Current Year to Date	Prior Year to Date	December 31

Underwriting Income

1. Premiums earned:

1.1.	Direct (written $	)	......................................................................................... ...................................... ...................................... ......................................-
1.2.	Assumed (written $	)
1.3.	Ceded (written $	)	......................................................................................... ...................................... ...................................... ......................................-
1.4	Net............................................................................................................................................(written $	)	...................................... ...................................... ......................................

Deductions:

2. Losses incurred (current accident year $ ):

	2.1	Direct	......................................4,090	......................................(2,836)	......................................14,513
	2.2	Assumed	......................................	......................................	......................................
	2.3	Ceded	......................................4,090	......................................(2,836)	......................................14,513
	2.4	Net	......................................-	......................................	......................................-
3.	Loss adjustment expenses incurred	......................................	......................................	......................................-
4.	Other underwriting expenses incurred	......................................	......................................	......................................-
5.	Aggregatewrite-insfor underwriting....................................................................................................deductions	......................................	......................................	......................................
6.	Total underwriting deductions (Lines....................................................................................................2 through 5)	......................................-	......................................	......................................-
7.	Net income of protected cells	......................................	......................................	......................................
8.	.................................................Net underwriting gain (loss) (Line 1 minus Line 6 + Line 7)	......................................-	......................................	......................................-
		Investment Income
9.	Net investment income earned	......................................1,351	......................................69,381	......................................141,792
10.	Net realized capital gains (losses) less capital gains tax of $	......................................(9)	......................................(14)	......................................(22)
11.	....................................................................................................Net investment gain (loss) (Lines 9 + 10)	......................................1,342	......................................69,367	......................................141,770
		Other Income

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

	amount charged off $ )	......................................	......................................	......................................
13.	Finance and service charges not included in premiums	......................................	......................................	......................................
14.	Aggregatewrite-insfor miscellaneous....................................................................................................income	......................................	......................................	......................................
15.	....................................................................................................Total other income (Lines 12 through 14)	......................................	......................................	......................................
16.	Net income before dividends to policyholders, after capital gains tax and before all other federal
	and foreign income taxes (Lines 8....................................................................................................+ 11 + 15)	......................................1,342	......................................69,367	......................................141,770
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)	......................................1,342	......................................69,367	......................................141,770
19.	Federal and foreign income taxes....................................................................................................incurred	......................................	......................................	......................................
20.	....................................................................................................Net income (Line 18 minus Line 19) (to Line 22)	......................................1,342	......................................69,367	......................................141,770
21.	Capital and Surplus Account
Surplus as regards policyholders, December 31 prior year	......................................17,941,940	......................................17,541,341	......................................17,541,341
22.	Net income (from Line 20)	......................................1,342	......................................69,367	......................................141,770
23.	Net transfers (to) from Protected....................................................................................................Cell accounts	......................................	......................................	......................................
24.	Change in net unrealized capital gains or (losses) less capital gains.................................................tax of $	......................................175,453	......................................131,499	......................................270,439
25.	Change in net unrealized foreign exchange capital gain (loss)	......................................	......................................	......................................
26.	Change in net deferred income tax	......................................(11,298)	......................................(47,322)	......................................(47,298)
27.	Change in nonadmitted assets	......................................11,760	......................................40,712	......................................35,687
28.	Change in provision for reinsurance	......................................	......................................	......................................
29.	Change in surplus notes	......................................	......................................	......................................
30.	Surplus (contributed to) withdrawn from protected cells	......................................	......................................	......................................
31.	Cumulative effect of changes in accounting principles	......................................	......................................	......................................
32.	Capital changes:
	32.1. Paid............................................................................................................................................in	......................................	......................................	......................................
	32.2. Transferred from surplus (Stock Dividend)	......................................	......................................	......................................
	32.3. Transferred to surplus	......................................	......................................	......................................
33.	Surplus adjustments:
	33.1. ............................................................................................................................................Paid in	......................................-	......................................	......................................-
	33.2. Transferred to capital (Stock Dividend)	......................................	......................................	......................................
	33.3. Transferred from capital	......................................	......................................	......................................
34.	Net remittances from or (to) Home....................................................................................................O ce	......................................	......................................	......................................
35.	Dividends to stockholders	......................................	......................................	......................................
36.	Change in treasury stock	......................................	......................................	......................................
37.	Aggregatewrite-insfor gains and....................................................................................................losses in surplus	......................................	......................................	......................................
38.	.................................................Change in surplus as regards policyholders (Lines 22 through 37)	......................................177,256	......................................194,256	......................................400,599
39.	.................................................Surplus as regards policyholders, as of statement date (Lines 21 plus 38)	......................................18,119,195	......................................17,735,597	......................................17,941,940
Details of Write-Ins
0501.	.......................................................................................................................................................	......................................	......................................	......................................
0502.	.......................................................................................................................................................	......................................	......................................	......................................
0503.	.......................................................................................................................................................	......................................	......................................	......................................
0598.	Summary of remaining write-ins for Line 5 from over ow page	......................................	......................................	......................................
0599.	Totals (Lines 0501 through 0503 plus 0598) (Line 5 above)	......................................	......................................	......................................
1401.	.......................................................................................................................................................	......................................	......................................	......................................
1402.	.......................................................................................................................................................	......................................	......................................	......................................
1403.	.......................................................................................................................................................	......................................	......................................	......................................
1498.	Summary of remaining write-ins for Line 14 from over ow page	......................................	......................................	......................................
1499.	Totals (Lines 1401 through 1403 plus 1498) (Line 14 above)	......................................	......................................	......................................
3701.	.......................................................................................................................................................	......................................	......................................	......................................
3702.	.......................................................................................................................................................	......................................	......................................	......................................
3703.	.......................................................................................................................................................	......................................	......................................	......................................
3798.	Summary of remaining write-ins for Line 37 from over ow page	......................................	......................................	......................................
3799.	Totals (Lines 3701 through 3703 plus 3798) (Line 37 above)	......................................	......................................	......................................

Quarterly Statement as of June 30, 2023 of the Warner Insurance Company

CASH FLOW

		1		2	3
					Prior Year Ended
		Current Year To Date	Prior Year To Date	December 31
	Cash from Operations
1.	Premiums collected net of reinsurance	......................................	-	......................................	......................................-
2.	Net investment income	......................................	70,460	......................................65,136	......................................133,426
3.	Miscellaneous income	......................................	......................................	......................................
4.	Total..........................................................................................................................................................(Lines 1 to 3)		70,460	65,136	133,426
5.	Bene t and loss related payments	......................................	-	......................................	......................................-
6.	Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts.	......................................	......................................	......................................
7.	Commissions, expenses paid and aggregate write-ins for deductions	......................................	-	......................................150	......................................425
8.	Dividends paid to policyholders	......................................	......................................	......................................
9.	Federal and foreign income taxes paid (recovered) net of $ tax on capital gains (losses) .	......................................	-	......................................	......................................-
10.	Total (Lines 5 through 9)	......................................	-	......................................150	......................................425
11.	Net cash from operations (Line 4.......................................................................................................minus Line 10)		70,459	64,986	133,001
	Cash from Investments
12.	Proceeds from investments sold, matured or repaid:
	12.1 Bonds	......................................	22,855	......................................146,766	......................................211,861
	12.2 Stocks	......................................	......................................	......................................
	12.3 Mortgage..................................................................................................................................................loans	......................................	......................................	......................................
	12.4 Real..................................................................................................................................................estate	......................................	......................................	......................................
	12.5 Other invested assets	......................................	......................................	......................................
	12.6 Net gains or (losses) on cash, cash equivalents and short-term investments	......................................	(7)	......................................	......................................
	12.7 Miscellaneous proceeds	......................................	-	......................................	......................................-
	12.8 Total investment proceeds (Lines.....12.1.........................................................................................to 12.7)	......................................	22,848	......................................146,766	......................................211,861
13.	Cost of investments acquired (long-term only):
	13.1 Bonds	......................................	350,201	......................................160,000	......................................160,000
	13.2 Stocks	......................................	......................................	......................................
	13.3 Mortgage..................................................................................................................................................loans	......................................	......................................	......................................
	13.4 Real..................................................................................................................................................estate	......................................	......................................	......................................
	13.5 Other invested assets	......................................	......................................	......................................
	13.6 Miscellaneous applications	......................................	-	......................................	......................................-
	13.7 Total investments acquired (Lines......13.1........................................................................................to 13.6)		350,201	160,000	160,000
14.	Net increase (or decrease) in contract loans and premium notes	......................................	......................................	......................................
15.	Net cash from investments (Line 12.8 minus Line 13.7 and Line 14)		(327,353)	(13,234)	51,861
	Cash from Financing and Miscellaneous Sources
16.	Cash provided (applied):
	16.1 Surplus notes, capital notes	......................................	......................................	......................................
	16.2 Capital and paid in surplus, less treasury...............................................................................................stock	......................................	-	......................................	......................................-
	16.3 Borrowed..................................................................................................................................................funds	......................................	......................................	......................................
	16.4 Net deposits on deposit-type contracts and other insurance liabilities	......................................	......................................	......................................
	16.5 Dividends to stockholders	......................................	......................................	......................................
	16.6 Other cash provided (applied)	......................................	14,621	......................................(81,998)	......................................19,524
17.	Net cash from nancing and miscellaneous sources (Line 16.1 through Line 16.4 minus Line 16.5
	plus..........................................................................................................................................................Line 16.6)	......................................	14,621	......................................(81,998)	......................................19,524
	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) .	......................................	(242,273)	......................................(30,246)	......................................204,385
19.	Cash, cash equivalents and short-term investments:
	19.1 Beginning..................................................................................................................................................of year	......................................	291,899	......................................87,514	......................................87,514
	19.2 End of period (Line 18 plus Line 19...1)	......................................	49,626	......................................57,269	......................................291,899

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

20.0001. .................................................................................................................................................. ...................................... ...................................... ......................................

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Kemper Corporation published this content on 22 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 August 2023 20:03:40 UTC.

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