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EMC Insurance Group Inc (EMCI.OQ)

EMCI.OQ on NASDAQ Stock Exchange Global Select Market

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18 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Emc Insurance Sees Q2 Loss Per Share Of $0.22 To $0.26
Thursday, 26 Jul 2018 

July 26 (Reuters) - EMC Insurance Group Inc ::GROUP INC. ANNOUNCES SECOND QUARTER ESTIMATES AND REVISES 2018 NON-GAAP OPERATING INCOME GUIDANCE*.SEES FY 2018 NON-GAAP OPERATING EARNINGS PER SHARE $0.95 TO $1.15.SEES Q2 LOSS PER SHARE $0.22 TO $0.26.SEES Q2 NON-GAAP OPERATING LOSS PER SHARE $0.00 TO $0.04.Q2 RESULTS WERE NEGATIVELY IMPACTED BY HIGHER THAN ANTICIPATED LEVEL OF NON-CATASTROPHE LOSSES IN PROPERTY & CASUALTY INSURANCE SEGMENT.GROUP - PROPERTY AND CASUALTY INSURANCE SEGMENT IS EXPECTED TO REPORT A GAAP COMBINED RATIO OF ABOUT 115.0 PERCENT FOR Q2.LOAD FOR CATASTROPHE AND STORM LOSSES REDUCED TO 7.7 PERCENT POINTS FROM PREVIOUS EXPECTATION OF 9.0 PERCENT POINTS FOR FY.  Full Article

EMC Insurance Group CEO ‍Bruce Kelley​ sells 13,503 shares of co's common stock on Nov 22
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Emc Insurance Group Inc ::EMC INSURANCE GROUP INC CEO ‍BRUCE KELLEY​ REPORTS SALE OF 13,503 SHARES OF CO'S COMMON STOCK ON NOV 22 AT $30.31 PER SHARE - SEC FILING.  Full Article

EMC INSURANCE GROUP REPORTS Q3 GAAP EPS $0.03
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Emc Insurance Group Inc ::EMC INSURANCE GROUP INC. REPORTS 2017 THIRD QUARTER AND NINE MONTH RESULTS.Q3 GAAP EARNINGS PER SHARE $0.03.SEES FY 2017 NON-GAAP OPERATING EARNINGS PER SHARE $1.15 TO $1.35.Q3 EARNINGS PER SHARE VIEW $-0.23 -- THOMSON REUTERS I/B/E/S.QTRLY ‍NON-GAAP OPERATING INCOME PER SHARE $0.05​.‍NET INVESTMENT INCOME TOTALED $11.5 MILLION FOR Q3 ENDED SEPTEMBER 30, 2017, WHICH IS CONSISTENT WITH Q3 OF 2016​.FY2017 EARNINGS PER SHARE VIEW $0.93 -- THOMSON REUTERS I/B/E/S.LOWERING 2017 NON-GAAP OPERATING INCOME GUIDANCE TO RANGE OF $1.15 TO $1.35 PER SHARE FROM PREVIOUS RANGE OF $1.35 TO $1.55 PER SHARE.  Full Article

EMC Insurance Group increases and declares quarterly cash dividend
Monday, 6 Nov 2017 

Nov 6 (Reuters) - EMC Insurance ::EMC Insurance Group Inc increases and declares quarterly cash dividend, and announces executive officer appointments.Sets quarterly cash dividend of $0.22per share.EMC Insurance Group - ‍new dividend represents 4.8 percent increase over previous quarterly dividend of $0.21 per share​.  Full Article

EMC Insurance Group Inc. announces estimate for third quarter catastrophe and storm losses
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - EMC Insurance Group Inc :EMC Insurance Group Inc. announces estimate for third quarter catastrophe and storm losses, and third quarter earnings call and access information.EMC Insurance Group - ‍expects to report Q3 2017 catastrophe and storm losses totaling about $29.4 million​.EMC Insurance Group - ‍on a segment basis, catastrophe and storm losses expected to total about $9.9 million in property and casualty insurance segment​.EMC Insurance - ‍reinsurance segment expects to report amount of catastrophe, storm losses totaling about $19.5 million ($0.60 per share after tax)​.  Full Article

EMC Insurance Group reports Q4 EPS $1.01
Friday, 10 Feb 2017 

EMC Insurance Group Inc - : Reports 2016 fourth quarter and year-end results, and announces 2017 non-gaap operating income guidance and participation by management at industry conferences . Sees fy 2017 non-gaap operating earnings per share $1.35 to $1.55 . Q4 earnings per share $1.01 . Q4 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Net investment income totaled $11.6 million for Q4 ended december 31, 2016 . Catastrophe and storm losses totaled $2.4 million in Q4 of 2016 . 2017 guidance reflects management's expectation for further rate softening and increased competition . Premiums earned increased 7.0 percent and 3.9 percent for q4 and year ended December 31, 2016 . 2017 gaap combined ratio outlook has load of 9.4 points for catastrophe, storm losses, up from 8.1 points experienced in 2016 . For 2017, anticipate "more consistency" in quarterly results as intercompany reinsurance programs were renewed .Fy2017 earnings per share view $1.65, revenue view $647.8 million -- Thomson Reuters I/B/E/S.  Full Article