Financial Strength

EMC Insurance Companies has maintained its reputation as a strong, financially stable company for more than 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 the A.M. Best press release, “The ratings of EMC Insurance Companies and EMC Re reflect their 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 as well as the benefits these companies will continue to derive from management’s actions over the past several years, which are associated with pricing and risk selection, claims management and reserving methodology.”

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 316 percent at year-end 2014, which indicates the company’s strong capital position. This ratio compares an insurer’s surplus to the capital required to support its operating and investment risks. The minimum requirement for an A rating is 145 and the minimum requirement for an A++ rating is 175.

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