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Last $25.58 USD
Change Today +0.43 / 1.71%
Volume 36.3K
EMCI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

emc ins group inc (EMCI) Snapshot

Open
$25.13
Previous Close
$25.15
Day High
$25.90
Day Low
$24.93
52 Week High
06/29/15 - $26.00
52 Week Low
09/29/14 - $18.76
Market Cap
526.6M
Average Volume 10 Days
31.0K
EPS TTM
$1.74
Shares Outstanding
20.6M
EX-Date
05/21/15
P/E TM
14.7x
Dividend
$0.67
Dividend Yield
2.55%
Current Stock Chart for EMC INS GROUP INC (EMCI)

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emc ins group inc (EMCI) Details

EMC Insurance Group Inc., an insurance holding company, provides property and casualty insurance, and reinsurance products in the United States. It operates through two segments, Property and Casualty Insurance, and Reinsurance. The Property and Casualty Insurance segment writes commercial and personal lines of insurance with a focus on medium-sized commercial accounts. Its commercial lines of insurance products comprise automobile, property, workers’ compensation, and liability, as well as other products that provide protection against burglary and theft loss, aircraft, marine, and other types of losses; and personal lines of insurance products include automobile, property, and liability. The Reinsurance segment provides reinsurance for other insurers and reinsurers. EMC Insurance Group Inc. offers its products to small and medium-sized businesses, institutions, and individual consumers through independent insurance agents. The company was founded in 1974 and is headquartered in Des Moines, Iowa. EMC Insurance Group Inc. is a subsidiary of Employers Mutual Casualty Company.

emc ins group inc (EMCI) Top Compensated Officers

Chief Executive Officer, President, Treasurer...
Total Annual Compensation: $887.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $281.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $445.0K
Senior Vice President of Branch Operations
Total Annual Compensation: $299.4K
Senior Vice President of Productivity & Techn...
Total Annual Compensation: $235.6K
Compensation as of Fiscal Year 2014.

emc ins group inc (EMCI) Key Developments

EMC Insurance Group Inc. Declares Quarterly Cash Dividend, Payable June 2, 2015

EMC Insurance Group Inc. announced that its board of directors declared a quarterly cash dividend of $0.25 per share of common stock payable June 2, 2015 to stockholders of record as of May 26, 2015.

EMC Insurance Group Inc. Announces Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

EMC Insurance Group Inc. announced unaudited consolidated and parent earnings results for the first quarter ended March 31, 2015. For the quarter, on consolidated basis, the company reported premiums earned of $138,731,000 against $133,080,000 a year ago. Investment income, net was $11,206,000 against $11,855,000 a year ago. Approximately $442,000 (3.7 percentage points) of the decline is attributed to the early payoff of a commercial mortgage-backed security during the first quarter of 2014 that was purchased at a significant discount to par value. Operating income before income taxes was $29,937,000 against $13,627,000 a year ago. Income before income taxes was $14,889,000 against $14,889,000 a year ago. Net income was $20,330,000 against $10,595,000 a year ago. Net income per basic and diluted share was $1.49 against $0.79 a year ago. Book value per share was $38.48. Operating income was $19.8 million or $1.45 per share compared to operating income of $9.8 million or $0.73 per share for the first quarter of 2014. For the quarter, on parent basis, the company reported net investment loss of $4,000 against $4,000 a year ago. Operating loss before income taxes was $465,000 against $358,000 a year ago. Loss before taxes was $465,000 against $358,000 a year ago. Net loss was $302,000 or $0.02 per basic and diluted share against $233,000 or $0.02 per basic and diluted share a year ago. The company announced that despite the record first quarter results, management is reaffirming its 2015 operating income guidance in the range of $2.75 to $3.00 per share on a pre-split basis. This is due to the fact that actual first quarter operating results were only slightly better than expectations. In addition, second and third quarter operating results can be volatile depending on the frequency and severity of Midwest storms, and the possibility of hurricane-related losses. This guidance is based on a projected GAAP combined ratio of 97.8% for the year and investment income consistent with the amount reported in 2014. The projected GAAP combined ratio has a load of 11.0 points for catastrophe and storm losses.

EMC Insurance Group Inc. Presents at Des Moines Insurance Conference 2015, Jun-11-2015 07:30 AM

EMC Insurance Group Inc. Presents at Des Moines Insurance Conference 2015, Jun-11-2015 07:30 AM. Venue: Des Moines, Iowa, United States. Speakers: Kevin J. Hovick, Chief Operating Officer and Executive Vice President, Mark E. Reese, Chief Financial Officer and Senior Vice President, Scott R. Jean, Executive Vice President of Finance & Analytics.

 

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EMCI Competitors

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Employers Holdings Inc $22.82 USD -0.32
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Industry Analysis

EMCI

Industry Average

Valuation EMCI Industry Range
Price/Earnings 12.9x
Price/Sales 0.9x
Price/Book 1.0x
Price/Cash Flow 13.0x
TEV/Sales 0.7x
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