Last $31.64 USD
Change Today +0.22 / 0.70%
Volume 13.5K
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As of 8:10 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

emc ins group inc (EMCI) Key Developments

EMC Insurance Group Inc. Declares Quarterly Cash Dividend Payable on September 16, 2014

EMC Insurance Group Inc. declared a quarterly cash dividend of $0.23 per share of common stock payable September 16, 2014 to shareholders of record as of September 9, 2014. The Company has declared a quarterly dividend since it became a publicly held company in February 1982.

EMC Insurance Group Inc. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-04-2014 02:30 PM

EMC Insurance Group Inc. Presents at Keefe, Bruyette, & Woods, Inc.'s Annual Insurance Conference, Sep-04-2014 02:30 PM. Venue: The Crowne Plaza Times Square, 1605 Broadway, New York, New York, United States.

EMC Insurance Group Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year 2014

EMC Insurance Group Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $145,209,000, operating loss before income taxes of $2,073,000, income before income taxes of $270,000, net income of $1,014,000 or $0.08 per basic and diluted share, net written premiums of $139,024,000 compared to revenues of $127,189,000, operating income before income taxes of $7,774,000, income before income taxes of $7,949,000, net income of $6,212,000 or $0.48 per basic and diluted share, net written premiums of $136,114,000 a year ago. Operating loss was $509,000 or $0.04 per share compared to operating income of $6,098,000 or $0.47 per share for the second quarter of 2013. Net investment income increased 0.3% to $11,076,000 for the second quarter from $11,040,000 a year ago. For the six months, the company reported revenues of $290,345,000, operating income before income taxes of $11,554,000, income before income taxes of $15,159,000, net income of $11,609,000 or $0.87 per basic and diluted share, net written premiums of $274,429,000 compared to revenues of $269,567,000, operating income before income taxes of $25,615,000, income before income taxes of $28,458,000, net income of $20,485,000 or $1.58 per basic and diluted share, net written premiums of $258,244,000 a year ago. Operating income was $9,266,000 or $0.69 per share, compared to $18,637,000 or $1.43 per share for the same period in 2013. Net investment income increased 6.7% to $22,931,000 from $21,483,000 for the same periods in 2013. Book value of the company's stock increased 5.4% to $36.05 per share, from $34.21 per share at December 31, 2013. Based on actual results for the first six months of the year and projections for the remainder of the year, the company is revising its 2014 operating income guidance to a range of $2.00 per share to $2.25 per share.

EMC Insurance Group Inc. Provides Earnings Guidance for the Second Quarter of 2014

EMC Insurance Group Inc. provided earnings guidance for the second quarter of 2014. For the quarter, the company expects operating loss of approximately $0.02 per share, and that the GAAP combined ratio will be approximately 109.6%. Second quarter catastrophe and storm losses are expected to approximate $1.35 per share after tax, compared to $1.06 per share after tax in the second quarter of 2013.

EMC Insurance Group Inc., Q2 2014 Earnings Call, Aug 07, 2014

EMC Insurance Group Inc., Q2 2014 Earnings Call, Aug 07, 2014

 

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EMCI

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Valuation EMCI Industry Range
Price/Earnings 12.1x
Price/Sales 0.7x
Price/Book 0.9x
Price/Cash Flow 12.2x
TEV/Sales 0.6x
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