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EMC Insurance Group Inc (EMCI.OQ)

EMCI.OQ on NASDAQ Stock Exchange Global Select Market

35.99USD
25 Jun 2019
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Latest Key Developments (Source: Significant Developments)

-Emc Insurance Group Reports Q1 EPS Of $1.55
Thursday, 9 May 2019 

May 9 (Reuters) - EMC Insurance Group Inc ::REPORTS 2019 FIRST QUARTER RESULTS.SEES FY 2019 NON-GAAP OPERATING EARNINGS PER SHARE $1.35 TO $1.55.Q1 EARNINGS PER SHARE ESTIMATE $0.31 -- REFINITIV IBES DATA.Q1 NET INCOME PER SHARE $1.55.Q1 NON-GAAP OPERATING INCOME PER SHARE $0.72.FY2019 EARNINGS PER SHARE VIEW $1.40 -- REFINITIV IBES DATA.PROJECTED GAAP COMBINED RATIO OF 101.4 PERCENT FOR YEAR.QTRLY BOOK VALUE PER SHARE $28.44.Q1 CATASTROPHE AND STORM LOSSES PER SHARE (NOT GAAP LOSS PER SHARE) $0.22.  Full Article

Emc Insurance Group Inc Reports Q1 Results
Thursday, 9 May 2019 

May 9 (Reuters) - EMC Insurance Group Inc ::. REPORTS 2019 FIRST QUARTER RESULTS.SEES FY 2019 NON-GAAP OPERATING EARNINGS PER SHARE $1.35 TO $1.55.Q1 GAAP LOSS PER SHARE $0.22.Q1 EARNINGS PER SHARE ESTIMATE $0.31 -- REFINITIV IBES DATA.Q1 NET INCOME PER SHARE $1.55.Q1 NON-GAAP OPERATING INCOME PER SHARE $0.72.FY2019 EARNINGS PER SHARE VIEW $1.40 -- REFINITIV IBES DATA.PROJECTED GAAP COMBINED RATIO OF 101.4 PERCENT FOR YEAR.QTRLY BOOK VALUE PER SHARE $28.44.  Full Article

Employers Mutual Casualty Co To Acquire All Remaining Shares Of EMC Insurance Group Inc
Thursday, 9 May 2019 

May 9 (Reuters) - EMC Insurance Group Inc ::EMPLOYERS MUTUAL CASUALTY COMPANY TO ACQUIRE ALL REMAINING SHARES OF EMC INSURANCE GROUP INC. FOR $36.00 PER SHARE IN CASH.EMC INSURANCE GROUP INC - TRANSACTION HAS AN EQUITY VALUE OF APPROXIMATELY $356 MILLION BASED SOLELY UPON OUTSTANDING SHARES OF EMCI NOT OWNED BY EMCC.EMC INSURANCE GROUP INC - TO EFFECT TRANSACTION, EMCC FORMED A NEW WHOLLY-OWNED SUBSIDIARY TO BE MERGED INTO EMCI.EMC INSURANCE GROUP INC - TRANSACTION IS NOT SUBJECT TO A FINANCING CONDITION.EMC INSURANCE GROUP INC - AS A RESULT OF PROPOSED TRANSACTION, EMCI HAS AGREED TO POSTPONE ITS 2019 ANNUAL SHAREHOLDERS MEETING..EMC INSURANCE GROUP INC - TRANSACTION REQUIRES RECEIPT OF "MAJORITY OF MINORITY" SHAREHOLDER APPROVAL OF TRANSACTION.EMC INSURANCE GROUP INC - TRANSACTION DOES NOT PROVIDE FOR ANY TERMINATION OR "BREAK-UP" FEES.EMC INSURANCE GROUP - SPECIAL COMMITTEE OF BOARD, COMPRISED OF INDEPENDENT DIRECTORS, ADVISED BY INDEPENDENT ADVISORS, UNANIMOUSLY APPROVED DEAL.  Full Article

Gregory Shepard Says On March 25, Sent Letter To EMC Insurance Group Inc’S Special Committee Of The Board - SEC Filing
Tuesday, 26 Mar 2019 

March 25 (Reuters) - Gregory Shepard::GREGORY SHEPARD SAYS ON MARCH 25, SENT LETTER TO EMC INSURANCE GROUP INC’S SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS - SEC FILING.GREGORY SHEPARD SAYS IN THE LETTER, EMPLOYERS MUTUAL CASUALTY CO'S $30 PER SHARE PROPOSAL IS WOEFULLY INADEQUATE.GREGORY SHEPARD-IN LETTER, EMC INSURANCE SHOULD BE VALUED IN ANY GO-PRIVATE TRANSACTION WELL IN EXCESS OF TWO TIMES BOOK VALUE, WHICH IS MORE THAN $50PER SHARE.GREGORY SHEPARD-EMC INSURANCE MUST CONSIDER PRECEDENT TRANSACTIONS AND ALL ALTERNATIVES TO EMCC'S PROPOSAL, INCLUDING SALE OF COMPANY TO OTHER BIDDERS.  Full Article

EMC Insurance Group Sees FY 2018 Loss Per Share $0.33 To $0.37
Friday, 18 Jan 2019 

Jan 18 (Reuters) - EMC Insurance Group Inc ::. ANNOUNCES RECORD AMOUNT OF FOURTH QUARTER CATASTROPHE AND STORM LOSSES RESULTING IN DECREASE IN 2018 NON-GAAP OPERATING INCOME GUIDANCE*, AND ANNOUNCES 2018 FOURTH QUARTER AND YEAR-END EARNINGS CALL AND ACCESS INFORMATION.SEES FY 2018 LOSS PER SHARE $0.33 TO $0.37.. ANNOUNCES RECORD AMOUNT OF FOURTH QUARTER CATASTROPHE AND STORM LOSSES RESULTING IN DECREASE IN 2018 NON-GAAP OPERATING INCOME GUIDANCE*, AND ANNOUNCES 2018 FOURTH QUARTER AND YEAR-END EARNINGS CALL AND ACCESS INFORMATION.COMPANY EXPECTS TO REPORT NON-GAAP OPERATING INCOME IN RANGE OF $1.07 TO $1.11 PER SHARE FOR YEAR ENDED DECEMBER 31, 2018.EMC INSURANCE - FOR Q4 OF 2018, PROPERTY AND CASUALTY INSURANCE SEGMENT IS EXPECTED TO REPORT A GAAP COMBINED RATIO OF APPROXIMATELY 92.3 PERCENT.FY2018 EARNINGS PER SHARE VIEW $1.42 -- REFINITIV IBES DATA.CATASTROPHE AND STORM LOSSES ARE EXPECTED TO TOTAL ABOUT $18.5 MILLION ($0.68 PER SHARE AFTER TAX) IN Q4.EMC INSURANCE GROUP - FOR YEAR ENDED DEC 31, 2018 PROPERTY & CASUALTY INSURANCE SEGMENT IS EXPECTED TO REPORT GAAP COMBINED RATIO OF ABOUT 103.3 PERCENT.EMC INSURANCE GROUP -FOR YEAR ENDED DEC 31, 2018, PROPERTY AND CASUALTY INSURANCE SEGMENT EXPECTED TO REPORT GAAP COMBINED RATIO OF ABOUT 103.3 PERCENT.EMC INSURANCE GROUP - FOR YEAR ENDED DEC 31, 2018 REINSURANCE SEGMENT IS EXPECTED TO REPORT A GAAP COMBINED RATIO OF ABOUT 106.2 PERCENT.SEES GAAP COMBINED RATIO OF APPROXIMATELY 104.0 PERCENT FOR YEAR ENDED DECEMBER 31, 2018.  Full Article

Employers Mutual Casualty Company Proposes To Acquire All Shares Of EMC Insurance Group It Does Not Own For $30 Per Share In Cash
Friday, 16 Nov 2018 

Nov 16 (Reuters) - EMCC ::EMCC - IF PROPOSED DEAL APPROVED BY EMCI'S BOARD AND SHAREHOLDERS, IT SHOULD HAVE NO IMPACT ON OPERATIONS OF EMC .EMPLOYERS MUTUAL CASUALTY COMPANY PROPOSES TO ACQUIRE ALL SHARES OF EMC INSURANCE GROUP INC. COMMON STOCK IT DOES NOT OWN FOR $30 PER SHARE IN CASH.EMPLOYERS MUTUAL CASUALTY COMPANY - CURRENTLY OWNS APPROXIMATELY 55% OF OUTSTANDING SHARES OF EMCI COMMON STOCK.EMCC - EXPECTS SPECIAL COMMITTEE OF INDEPENDENT DIRECTORS OF EMCI BOARD WILL BE FORMED TO CONSIDER PROPOSED TRANSACTION.EMCC - WILL NOT PROCEED WITH PROPOSED TRANSACTION UNLESS IT IS APPROVED BY EMCI'S SPECIAL COMMITTEE.EMPLOYERS MUTUAL CASUALTY COMPANY - PROPOSAL IS BEING CONSIDERED BY EMCI BOARD.EMCC-IS WILLING TO ENGAGE IN DISCUSSION WITH EMCI'S COMMITTEE ON ALTERNATIVE TRANSACTION STRUCTURES/ALTERNATIVE DEALS SO DESIRED BY SPECIAL COMMITTEE.EMCC - PROPOSED DEAL TO BE SUBJECT TO NON-WAIVABLE CONDITION REQUIRING APPROVAL BY MAJORITY OF SHARES OF EMCI NOT OWNED BY CO OR DIRECTORS.EMCC - IF PROPOSED DEAL IS NOT RECOMMENDED OR APPROVED, THEN CO WOULD INTEND TO CONTINUE AS LONG-TERM SHAREHOLDER OF EMCI.  Full Article

Emc Insurance Group Inc. Declares Quarterly Cash Dividend Increase
Tuesday, 6 Nov 2018 

EMC Insurance Group Inc ::GROUP INC. DECLARES QUARTERLY CASH DIVIDEND INCREASE.INCREASES QUARTERLY DIVIDEND BY 4.5 PERCENT.SETS QUARTERLY CASH DIVIDEND OF $0.23PER SHARE.  Full Article

EMC Insurance Reports Q4 EPS $1.23
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - EMC Insurance Group Inc ::EMC INSURANCE GROUP INC REPORTS 2017 FOURTH QUARTER AND YEAR-END RESULTS AND ANNOUNCES 2018 NON-GAAP OPERATING INCOME* GUIDANCE.SEES FY 2018 NON-GAAP OPERATING EARNINGS PER SHARE $1.40 TO $1.60.QTRLY CATASTROPHE AND STORM LOSSES PER SHARE $0.06.‍PROJECTED GAAP COMBINED RATIO OF 100.7 PERCENT FOR YEAR​.‍PROJECTED GAAP COMBINED RATIO FOR YEAR HAS A LOAD OF 9.0 POINTS FOR CATASTROPHE AND STORM LOSSES​.2018 ‍GUIDANCE ALSO ASSUMES A LOW-SINGLE DIGIT INCREASE IN INVESTMENT INCOME AND AN EFFECTIVE TAX RATE IN MID-TEENS​.‍RECORDED ONE-TIME $9.1 MILLION DEFERRED INCOME TAX BENEFIT RESULTING FROM ENACTMENT OF TAX CUTS AND JOBS ACT OF 2017 (TCJA) IN Q4​.FY2018 EARNINGS PER SHARE VIEW $1.67 -- THOMSON REUTERS I/B/E/S.EMC INSURANCE GROUP - QTRLY NON-GAAP OPERATING INCOME PER SHARE $0.67.Q4 EARNINGS PER SHARE $1.23.  Full Article

EMC Insurance Group Posts Q4 Loss Per Share $0.06
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - EMC Insurance Group Inc ::EMC INSURANCE GROUP INC REPORTS 2017 FOURTH QUARTER AND YEAR-END RESULTS AND ANNOUNCES 2018 NON-GAAP OPERATING INCOME* GUIDANCE.SEES FY 2018 NON-GAAP OPERATING EARNINGS PER SHARE $1.40 TO $1.60.Q4 GAAP LOSS PER SHARE $0.06.QTRLY CATASTROPHE AND STORM LOSSES PER SHARE $0.06.‍PROJECTED GAAP COMBINED RATIO OF 100.7 PERCENT FOR YEAR​.‍PROJECTED GAAP COMBINED RATIO FOR YEAR HAS A LOAD OF 9.0 POINTS FOR CATASTROPHE AND STORM LOSSES​.2018 ‍GUIDANCE ALSO ASSUMES A LOW-SINGLE DIGIT INCREASE IN INVESTMENT INCOME AND AN EFFECTIVE TAX RATE IN MID-TEENS​.‍RECORDED ONE-TIME $9.1 MILLION DEFERRED INCOME TAX BENEFIT RESULTING FROM ENACTMENT OF TAX CUTS AND JOBS ACT OF 2017 (TCJA) IN Q4​.FY2018 EARNINGS PER SHARE VIEW $1.67 -- THOMSON REUTERS I/B/E/S.  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