Financial Strength

EMC Insurance Companies has maintained its reputation as a strong, financially stable company for 100 years. We have the capital to write high-quality, well-priced business, and we are confident that our underlying book of business is sound.

Corporate Financial Results

The most recent year-end financial results for EMC Insurance Companies are published in the Corporate Review.

EMC Insurance Group Inc. (EMCI), the publicly held company traded on NASDAQ, represents about one-third of EMC Insurance Companies’ financial results. For the financial results of EMCI, visit the Investors section of our website.

Financial Strength Rating

EMC has a rating of A (Excellent) with a stable outlook from A.M. Best Company. This rating is assigned to companies that have an excellent ability to meet their ongoing obligations to policyholders, in A.M. Best’s opinion.

According to A.M. Best, the rating reflects a “strong level of risk-adjusted capital, which is supported by generally positive levels of pre-tax operating and net income; consistently favorable development of prior years’ loss and loss adjustment expense reserves; favorable core underwriting results; and the benefits the companies will continue to derive from management’s actions over the past several years associated with pricing and risk selection, claims management and reserving methodology. These initiatives were designed to enable management to more effectively navigate the group’s business through varying market conditions and resulted in a substantially improved underwriting performance in 2012.”

The A (Excellent) rating applies to Employers Mutual Casualty Company (EMCC) and its six property/casualty subsidiaries. The same rating and outlook has also been affirmed for EMC Reinsurance Company.

Read the press release.

Strong Balance Sheet

EMC has a Best’s Capital Adequacy Ratio (BCAR)* of approximately 288 percent at year-end 2011, which indicates the company’s capitalization is excellent. This ratio compares an insurer’s surplus to the capital required to support its operating and investment risks. Companies deemed to have strong balance sheet strength generate a BCAR score over 200 percent; companies deemed to have an adequate balance sheet only have a BCAR score over 100 percent.