Emc insurance group inc. (EMCI)
Balance Sheet / TTM
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Investments:
Securities held-to-maturity, at amortized cost (fair value $0 and $389,679)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Fixed maturity securities available-for-sale, at fair value (amortized cost $1,255,775 and $1,273,132)

1,340

1,291

1,282

1,248

1,241

1,256

1,275

1,258

1,225

1,198

1,199

1,237

1,212

1,166

1,161

1,177

1,154

1,138

1,127

1,101

1,071

1,030

1,027

990

997

994

999

988

946

922

958

952

920

941

Equity investments, at fair value (cost $167,632 and $160,371)

249

242

215

238

222

220

228

231

221

230

213

219

214

212

206

194

199

199

197

187

184

175

169

165

157

155

140

140

133

131

111

99

110

101

Equity investments, at alternative measurement of cost less impairments

1

1

1

1

3

2

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term investments

17

18

19

17

16

17

13

14

14

16

12

9

12

8

9

15

8

9

6

6

6

6

2

1

0

0

0

0

0

0

0

0

0

0

Short-term investments

46

48

28

33

23

21

23

25

36

25

39

42

67

48

38

32

32

47

53

69

59

60

56

64

33

60

53

50

66

101

42

66

70

36

Total investments

1,654

1,602

1,546

1,539

1,507

1,517

1,540

1,529

1,497

1,470

1,465

1,508

1,507

1,435

1,415

1,420

1,395

1,394

1,384

1,365

1,321

1,272

1,256

1,221

1,189

1,211

1,194

1,179

1,146

1,154

1,112

1,118

1,101

1,079

Cash

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Reinsurance receivables due from affiliate

35

35

37

33

31

31

31

26

21

21

21

22

22

21

24

25

25

27

28

31

35

31

30

30

32

31

34

36

37

39

39

42

36

30

Prepaid reinsurance premiums due from affiliate

10

7

8

12

14

11

12

15

14

10

9

11

11

7

6

7

6

7

8

9

8

9

9

9

7

6

5

6

5

7

9

10

9

9

Deferred policy acquisition costs (affiliated $47,422 and $44,440)

47

47

44

47

43

42

41

44

41

39

40

44

41

40

40

44

42

41

39

42

39

38

37

39

36

34

34

36

32

31

30

44

39

37

Amounts due from affiliate to settle inter-company transaction balances

0

11

5

8

-

-

0

4

-

0

-

-

-

7

-

-

-

7

-

4

-

7

-

9

-

-

-

5

-

-

-

-

-

-

Prepaid pension and postretirement benefits due from affiliate

17

17

17

22

22

20

20

11

11

11

12

11

11

11

12

18

17

17

17

23

23

23

23

0

0

1

1

-

-

-

0

4

4

5

Accrued investment income

10

11

10

11

10

11

11

11

10

12

11

12

10

11

10

11

10

11

10

10

10

10

9

10

10

10

9

10

10

10

10

10

10

10

Amounts receivable under reverse repurchase agreements

-

-

-

16

16

22

16

16

16

16

20

16

16

16

16

16

16

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

0

1

1

1

1

0

1

0

1

2

2

2

1

1

0

1

0

2

1

2

2

1

1

3

2

2

2

2

1

2

1

1

1

1

Income taxes recoverable

8

2

6

1

5

-

0

3

0

-

-

0

0

0

1

2

-

-

0

4

3

-

-

0

3

0

1

4

7

2

9

10

9

2

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

3

-

-

0

0

2

6

3

3

6

Goodwill

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Other assets (affiliated $3,678 and $4,510)

3

3

4

5

4

4

4

5

4

4

4

5

4

4

5

5

3

4

6

6

4

5

4

5

12

6

5

7

6

6

2

4

4

2

Total assets

1,788

1,742

1,685

1,701

1,659

1,665

1,681

1,670

1,622

1,591

1,588

1,637

1,629

1,560

1,535

1,555

1,520

1,513

1,497

1,501

1,449

1,401

1,374

1,337

1,299

1,306

1,290

1,290

1,249

1,257

1,224

1,252

1,221

1,187

LIABILITIES
Losses and settlement expenses (affiliated $774,644 and $771,872)

798

780

777

761

756

737

732

726

709

695

690

700

690

681

678

683

671

657

661

665

651

627

610

604

596

584

583

595

594

586

593

601

595

556

Unearned premiums (affiliated $271,127 and $267,064)

272

271

268

292

266

259

257

282

256

246

244

272

248

239

239

263

242

234

232

253

227

222

220

236

209

199

196

212

183

176

180

196

174

167

Other policyholders' funds (all affiliated)

8

8

8

9

8

9

10

9

12

13

13

11

11

11

8

8

8

11

10

8

8

8

8

8

6

6

6

6

5

4

5

5

6

8

Surplus notes payable to affiliate

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

Due to Related Parties

5

-

0

0

0

0

0

0

4

0

11

4

9

0

6

7

1

0

8

0

5

0

9

0

2

2

19

0

7

5

21

23

12

18

Pension benefits payable to affiliate

3

3

4

4

4

3

4

3

3

3

4

3

4

3

4

4

4

3

4

3

3

3

3

32

31

31

30

32

31

31

29

21

21

20

Income taxes payable

-

-

-

0

0

1

0

0

0

4

2

0

1

5

0

0

3

8

0

0

0

4

1

0

-

3

0

-

-

-

-

-

-

-

Deferred income taxes

18

14

4

7

7

8

15

21

17

15

11

25

27

23

19

19

20

30

28

23

22

18

12

0

0

10

6

5

-

-

0

-

-

-

Other liabilities (affiliated $20,328 and $31,121)

25

22

31

26

22

38

32

26

20

23

32

30

46

18

29

23

28

15

25

36

18

15

28

21

24

23

22

20

26

50

16

22

22

23

Total liabilities

1,157

1,125

1,119

1,126

1,091

1,083

1,078

1,095

1,049

1,027

1,035

1,075

1,065

1,009

1,011

1,035

1,004

986

994

1,015

962

924

919

929

896

886

889

898

874

881

871

895

857

819

STOCKHOLDERS' EQUITY
Common stock, $1 par value, authorized 30,000,000 shares; issued and outstanding, 21,668,287 shares in 2019 and 21,615,105 shares in 2018

21

21

21

21

21

21

21

21

21

21

21

21

21

20

20

20

20

13

20

13

13

13

13

13

13

12

12

12

12

12

12

12

12

12

Additional paid-in capital

129

129

128

127

126

126

124

122

121

119

119

115

114

112

108

107

105

110

99

105

104

103

99

95

94

91

89

88

88

88

88

88

89

88

Net unrealized losses on fixed maturity securities with 'other-than-temporary' impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net unrealized gains on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

72

60

57

51

44

43

37

Unrecognized pension and postretirement benefit obligations (all affiliated)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22

-22

23

-23

12

12

12

Accumulated other comprehensive income

39

22

1

-15

-5

-2

83

64

59

54

46

75

78

69

58

60

65

84

81

78

79

68

59

28

29

53

47

49

37

34

27

31

30

24

Retained earnings

438

442

414

440

426

435

374

366

370

369

366

350

349

347

336

330

323

317

300

288

289

291

283

270

266

262

251

241

235

240

223

223

230

242

Total stockholders' equity

630

616

565

574

568

581

603

575

572

564

553

562

563

551

524

519

515

527

502

485

486

476

455

407

403

420

401

392

374

375

352

356

363

368

Total liabilities and stockholders' equity

1,788

1,742

1,685

1,701

1,659

1,665

1,681

1,670

1,622

1,591

1,588

1,637

1,629

1,560

1,535

1,555

1,520

1,513

1,497

1,501

1,449

1,401

1,374

1,337

1,299

1,306

1,290

1,290

1,249

1,257

1,224

1,252

1,221

1,187