Last $30.13 USD
Change Today +0.38 / 1.28%
Volume 9.5K
EMCI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 4:30 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

emc ins group inc (EMCI) Snapshot

Open
$29.73
Previous Close
$29.75
Day High
$30.24
Day Low
$29.56
52 Week High
04/2/14 - $36.50
52 Week Low
02/4/14 - $26.23
Market Cap
406.8M
Average Volume 10 Days
10.7K
EPS TTM
$2.22
Shares Outstanding
13.5M
EX-Date
05/30/14
P/E TM
13.6x
Dividend
$0.92
Dividend Yield
3.01%
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. 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, Director,...
Total Annual Compensation: $845.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $265.6K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $406.4K
Senior Vice President of Productivity & Techn...
Total Annual Compensation: $235.6K
Executive Vice President of Corporate Develop...
Total Annual Compensation: $488.4K
Compensation as of Fiscal Year 2013.

emc ins group inc (EMCI) Key Developments

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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Industry Analysis

EMCI

Industry Average

Valuation EMCI Industry Range
Price/Earnings 11.4x
Price/Sales 0.7x
Price/Book 0.8x
Price/Cash Flow 11.6x
TEV/Sales 0.5x
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