| | Business Summary | | EMC
Insurance
Group
Inc.,
an
approximately
77%-owned
subsidiary
of
Employers
Mutual
Casualty
Company,
is
an
insurance
holding
company
with
operations
in
property
and
casualty
insurance
and
reinsurance.
Property
and
casualty
insurance
is
the
most
significant
segment,
representing
79.9%
of
consolidated
premiums
earned.
The
Company's
four
property
and
casualty
insurance
subsidiaries
and
two
subsidiaries
and
an
affiliate
of
Employers
Mutual
are
parties
to
reinsurance
pooling
agreements
with
Employers
Mutual.
Under
the
terms
of
the
pooling
agreement,
each
company
cedes
to
Employers
Mutual
all
of
its
insurance
business,
with
the
exception
of
any
voluntary
reinsurance
business
assumed
from
nonaffiliated
insurance
companies,
and
assumes
from
Employers
Mutual
an
amount
equal
to
its
participation
in
the
pool. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | EMCI
is
an
insurance
holding
company
with
operations
in
property
and
casualty,
reinsurance,
non-standard
risk
auto
insurance,
and
an
excess
and
surplus
lines
insurance
agency.
For
the
six
months
ended
6/30/01,
revenues
rose
13%
to
$139.6
million.
Net
loss
totaled
$781
thousand,
vs.
an
income
of
$1.8
million.
Results
reflect
growth
within
the
property
and
casualty
insurance
segments,
a
higher
average
invested
balance
in
securities,
offset
by
higher
settlement
expenses. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George Kochheiser, 75
Chairman | -- | -- | Bruce Kelley, 47
Pres,
CEO, Director | $405K | $2.0K | Mark Reese, 43
CFO,
VP | -- | -- | William Murray, 54
COO,
Exec. VP | -- | -- | Ronald Jean, 51
Exec.
VP, Corp. Devel. | 192K | -- | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/e/emci.gif)