EMC Insurance Group (EMCI) Misses Q4 EPS by 10c

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EMC Insurance Group Inc. Reports 2018 Fourth Quarter and Year-End Results and Announces 2019 Non-GAAP Operating Income* Guidance

February 7, 2019 6:30 AM EST

Fourth Quarter Ended December 31, 2018Net Loss Per Share $1.00Non-GAAP Operating Income Per Share* $0.43Net Realized Investment Losses and Change in Net Unrealized      Investment Gains on Equity Investments Per Share ($1.43)Catastrophe and Storm Losses Per Share $0.68GAAP Combined Ratio 102.0 percent

Year Ended December 31, 2018Net Loss Per Share $0.35Non-GAAP Operating Income Per Share* $1.09Net Realized Investment Losses and Change in Net Unrealized      Investment Gains on Equity Investments Per Share ($1.44)Catastrophe and Storm Losses Per Share $2.23GAAP Combined Ratio 104.0 percent

2019 Non-GAAP Operating Income Guidance* of $1.35 to $1.55 per share

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