Company Website:
http://www.emcins.com/ir/index.aspx
DES MOINES, Iowa -- (Business Wire)
Employers Mutual Casualty Company (Employers Mutual), the parent company
of EMC Insurance Group Inc. (NASDAQ:EMCI) (the “Company”), today
announced to its employees that the statutory combined trade ratio of
the EMC Insurance Companies for the year ended December 31, 2014, was
101.8 percent. This announcement was made in conjunction with a
company-wide disclosure of the results of Employers Mutual’s 2014
contingent salary plan. This statutory combined trade ratio is not
prepared on the basis of generally accepted accounting principles (GAAP)
and reflects the operating results of all insurance company subsidiaries
and affiliates of Employers Mutual, including the subsidiaries of the
Company.
Additional year-end 2014 statutory financial information released by
Employers Mutual included net written premium growth of 5.6 percent and
an increase in policyholders’ surplus of 8.7 percent.
The Company’s statutory combined trade ratio for the year ended December
31, 2014 was 101.6 percent. This statutory combined trade ratio should
not be considered indicative of the GAAP combined ratio or any other
operating results for the year ended December 31, 2014 that will be
reported by the Company on February 13, 2015.
About EMCI
EMC Insurance Group Inc. is a publicly held
insurance holding company with operations in property and casualty
insurance and reinsurance, which was formed in 1974 and became publicly
held in 1982. The Company’s common stock trades on the Global Select
Market tier of the NASDAQ OMX Stock Market under the symbol EMCI.
Additional information regarding EMC Insurance Group Inc. may be found
at www.emcins.com/ir.
EMCI’s parent company is Employers Mutual Casualty Company (EMCC). EMCI
and EMCC, together with their subsidiary and affiliated companies,
conduct operations under the trade name EMC Insurance Companies.
Contacts:
EMC Insurance Group Inc.
Investors:
Steve Walsh,
515-345-2515
or
Media:
Lisa Hamilton, 515-345-7589
Source: EMC Insurance Group Inc.
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