EMC Insurance Group (EMCI) Tops Q2 EPS by 1c

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Go back to EMC Insurance Group (EMCI) Tops Q2 EPS by 1c

EMC Insurance Group Inc. Reports 2018 Second Quarter and Six Month Results

August 7, 2018 6:30 AM EDT

Second Quarter Ended June 30, 2018Net Loss Per Share ($0.24) Non-GAAP Operating Loss Per Share* ($0.02) Net Realized Investment Losses and Change in Net Unrealized    Investment Gains on Equity Investments Per Share ($0.22) Catastrophe and Storm Losses Per Share $0.61 GAAP Combined Ratio 109.8 percent

Six Months Ended June 30, 2018Net Loss Per Share ($0.24)Non-GAAP Operating Income Per Share* $0.18Net Realized Investment Losses and Change in Net Unrealized   Investment Gains on Equity Investments Per Share ($0.42)Catastrophe and Storm Losses Per Share $0.78GAAP Combined Ratio 107.2 percent

2018 Non-GAAP Operating Income Guidance* of $0.95 to $1.15 per share

*Denotes financial measure not calculated in accordance with generally... More