Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $23.20 USD
Change Today +0.25 / 1.09%
Volume 24.2K
EMCI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

emc ins group inc (EMCI) Snapshot

Open
$22.80
Previous Close
$22.95
Day High
$23.31
Day Low
$22.24
52 Week High
07/7/15 - $26.52
52 Week Low
09/29/14 - $18.76
Market Cap
479.6M
Average Volume 10 Days
24.7K
EPS TTM
$2.06
Shares Outstanding
20.7M
EX-Date
09/3/15
P/E TM
11.3x
Dividend
$0.68
Dividend Yield
2.82%
Current Stock Chart for EMC INS GROUP INC (EMCI)

Related News

No related news articles were found.

emc ins group inc (EMCI) Related Businessweek News

No Related Businessweek News Found

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 Information Technolo...
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 on September 15, 2015

EMC Insurance Group Inc. announced that its board of directors has declared a quarterly cash dividend of $0.17 per share of common stock payable September 15, 2015 to stockholders of record as of September 8, 2015. The $0.17 per share quarterly dividend represents a 2.0% increase over the previous dividend, which equated to a split-adjusted dividend of $0.1667 per share.

EMC Insurance Group Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Re-Affirms Earnings Guidance for the Full Year of Fiscal 2015

EMC Insurance Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company announced premiums earned of $144,605,000, revenues of $155,534,000, operating income before income taxes of $8,601,000, income before income taxes of $11,875,000, net income of $8,748,000 or $0.42 per basic and diluted share and net written premiums of $152,151,000 compared to premiums earned of $133,952,000, revenues of $145,390,000, operating loss before income taxes of $2,073,000, income before income taxes of $270,000, net income of $1,014,000 or $0.05 per basic and diluted share and net written premiums of $139,024,000 for the same period a year ago. Operating income was $6.6 million or $0.32 per share compared to an operating loss of $509,000 or $0.03 per share for the second quarter of 2014. Net investment income increased 3.3% to $11.4 million for the second quarter of 2015, from $11.1 million in 2014 due to a higher average invested balance in fixed maturity securities and an increase in dividend income. For the six months, the company announced premiums earned of $283,336,000, revenues of $307,086,000, operating income before income taxes of $37,755,000, income before income taxes of $41,812,000, net income of $29,078,000 or $1.42 per basic and diluted share and net written premiums of $295,075,000 compared to premiums earned of $267,032,000, revenues of $290,359,000, operating income before income taxes of $11,554,000, income before income taxes of $15,159,000, net income of $11,609,000 or $0.58 per basic and diluted share and net written premiums of $274,429,000 for the same period a year ago. For the six months ended June 30, 2015, the company reported operating income of $26.4 million or $1.29 per share, compared to $9.3 million or $0.46 per share for the same period in 2014. Net investment income declined 1.2% to $22.6 million for the first six months of 2015, from $22.9 million for the same period in 2014. Book value increased 0.9% to $24.95 per share from $24.72 per share at December 31, 2014, but declined 2.7% from March 31, 2015, due to a reduction in unrealized gains on the investment portfolio. Book value, excluding accumulated other comprehensive income, increased to $21.78 per share from $20.70 per share at year end and $21.52 per share at the end of the first quarter. The company re-affirmed earnings guidance for the full year of fiscal 2015. Based on results for the first six months of 2015 and projections for the remainder of the year, management is reaffirming its 2015 operating income guidance in the range of $1.80 to $2.00 per share. 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.

EMC Insurance Group Mulls Acquisitions

EMC Insurance Group Inc. (NasdaqGS:EMCI) is seeking acquisitions. Bruce Kelley, President, Chief Financial Officer and Treasurer of EMC Insurance Group, said, “While we have not completed an acquisition in recent years, this does not mean that we are averse to future acquisitions if the right opportunity arises.”

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
EMCI:US $23.20 USD +0.25

EMCI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
CNinsure Inc $7.81 USD +0.01
Donegal Group Inc $14.27 USD -0.16
Employers Holdings Inc $21.97 USD -0.19
Global Indemnity PLC $26.99 USD +0.42
National Interstate Corp $27.20 USD -0.13
View Industry Companies
 

Industry Analysis

EMCI

Industry Average

Valuation EMCI Industry Range
Price/Earnings 10.0x
Price/Sales 0.8x
Price/Book 0.9x
Price/Cash Flow 10.1x
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact EMC INS GROUP INC, please visit www.emcins.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.