EMC Insurance Group (EMCI) Tops Q1 EPS by 58c

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Go back to EMC Insurance Group (EMCI) Tops Q1 EPS by 58c

EMC Insurance Group Inc. Reports Record 2015 First Quarter Results and Announces Three-for-Two Stock Split

May 7, 2015 6:30 AM EDT

First Quarter Ended March 31, 2015
Operating Income Per Share $1.45
Net Income Per Share $1.49
Net Realized Investment Gains Per Share $0.04
Catastrophe and Storm Losses Per Share $0.22
Large Losses Per Share $0.20
GAAP Combined Ratio 87.7 percent

2015 Operating Income Guidance $2.75 to $3.00 per share

DES MOINES, Iowa--(BUSINESS WIRE)-- EMC Insurance Group Inc. (NASDAQ: EMCI) today reported its best first quarter since becoming a public company in 1982. The Company reported operating income of $19.8 million ($1.45 per share) for the first quarter ended March 31, 2015, compared to operating income of $9.8 million ($0.73 per share) for the first quarter of 20141.... More