Emc Insurance Group (EMCI) quarterly income statement covering the six quarters from March 2018 to June 2019, as reported to the SEC.
An income statement shows what a company sold and what it cost to run the business, ending with the profit left over.
| Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUES | |||||||||||||||||||||
Premiums Earned, Net, Property and Casualty | |||||||||||||||||||||
168,133 | 167,302 | 167,743 | 163,708 | 157,946 | 155,786 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Premiums Earned, Net, Property and Casualty | 168,133 | 167,302 | 167,743 | 163,708 | 157,946 | 155,786 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net Investment Income | |||||||||||||||||||||
12,951 | 12,763 | 12,537 | 11,951 | 11,778 | 11,371 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net Investment Income | 12,951 | 12,763 | 12,537 | 11,951 | 11,778 | 11,371 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net realized investment gains, excluding impairment losses on securities available-for-sale | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net realized investment gains, excluding impairment losses on securities available-for-sale | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total other-than-temporary impairment losses on securities available-for-sale | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total other-than-temporary impairment losses on securities available-for-sale | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Portion of other-than-temporary impairment losses on fixed maturity securities available-for-sale reclassified from other comprehensive income (before taxes) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Portion of other-than-temporary impairment losses on fixed maturity securities available-for-sale reclassified from other comprehensive income (before taxes) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net impairment losses on securities available-for-sale | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net impairment losses on securities available-for-sale | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Gain (Loss) on Investments | |||||||||||||||||||||
4,258 | 22,643 | -41,134 | 11,135 | -5,860 | -5,393 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Gain (Loss) on Investments | 4,258 | 22,643 | -41,134 | 11,135 | -5,860 | -5,393 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other Income | |||||||||||||||||||||
1,557 | 1,535 | 2,440 | 2,331 | 2,773 | 1,615 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other Income | 1,557 | 1,535 | 2,440 | 2,331 | 2,773 | 1,615 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total revenues | |||||||||||||||||||||
186,899 | 204,243 | 141,586 | 189,125 | 166,637 | 163,379 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total revenues | 186,899 | 204,243 | 141,586 | 189,125 | 166,637 | 163,379 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LOSSES AND EXPENSES | |||||||||||||||||||||
Losses and settlement expenses (affiliated $102,691 and $110,570) | |||||||||||||||||||||
122,517 | 104,969 | 116,163 | 111,277 | 119,091 | 110,628 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Losses and settlement expenses (affiliated $102,691 and $110,570) | 122,517 | 104,969 | 116,163 | 111,277 | 119,091 | 110,628 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividends to policyholders (all affiliated) | |||||||||||||||||||||
3,384 | 2,771 | 2,049 | 2,654 | 2,386 | 2,120 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividends to policyholders (all affiliated) | 3,384 | 2,771 | 2,049 | 2,654 | 2,386 | 2,120 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amortization of deferred policy acquisition costs (affiliated $29,892 and $26,917) | |||||||||||||||||||||
32,684 | 29,970 | 30,299 | 28,783 | 29,429 | 27,292 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amortization of deferred policy acquisition costs (affiliated $29,892 and $26,917) | 32,684 | 29,970 | 30,299 | 28,783 | 29,429 | 27,292 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other underwriting expenses (affiliated $22,715 and $22,920) | |||||||||||||||||||||
23,715 | 22,592 | 22,594 | 20,924 | 22,451 | 22,855 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other underwriting expenses (affiliated $22,715 and $22,920) | 23,715 | 22,592 | 22,594 | 20,924 | 22,451 | 22,855 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Interest Expense To Affiliates | |||||||||||||||||||||
170 | 171 | 171 | 170 | 171 | 142 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Interest Expense To Affiliates | 170 | 171 | 171 | 170 | 171 | 142 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other Cost and Expense, Operating | |||||||||||||||||||||
2,788 | 1,485 | 1,180 | 873 | 831 | 870 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other Cost and Expense, Operating | 2,788 | 1,485 | 1,180 | 873 | 831 | 870 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total losses and expenses | |||||||||||||||||||||
185,258 | 161,958 | 172,456 | 164,681 | 174,359 | 163,907 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total losses and expenses | 185,258 | 161,958 | 172,456 | 164,681 | 174,359 | 163,907 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income (loss) before income tax expense (benefit) | |||||||||||||||||||||
1,641 | 42,285 | -30,870 | 24,444 | -7,722 | -528 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income (loss) before income tax expense (benefit) | 1,641 | 42,285 | -30,870 | 24,444 | -7,722 | -528 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
INCOME TAX EXPENSE (BENEFIT) | |||||||||||||||||||||
Current | |||||||||||||||||||||
1,540 | 4,259 | -2,704 | 3,584 | -3,311 | 1,206 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current | 1,540 | 4,259 | -2,704 | 3,584 | -3,311 | 1,206 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred | |||||||||||||||||||||
-1,184 | 4,495 | -6,621 | 1,712 | 584 | -1,658 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred | -1,184 | 4,495 | -6,621 | 1,712 | 584 | -1,658 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total income tax expense (benefit) | |||||||||||||||||||||
356 | 8,754 | -9,325 | 5,296 | -2,727 | -452 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total income tax expense (benefit) | 356 | 8,754 | -9,325 | 5,296 | -2,727 | -452 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income (loss) | |||||||||||||||||||||
1,285 | 33,531 | -21,545 | 19,148 | -4,995 | -76 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income (loss) | 1,285 | 33,531 | -21,545 | 19,148 | -4,995 | -76 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Net income (loss) per common share - basic and diluted | |||||||||||||||||||||
0.06 | 1.55 | -1.00 | 0.89 | -0.24 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Net income (loss) per common share - basic and diluted | 0.06 | 1.55 | -1.00 | 0.89 | -0.24 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Dividend per common share | |||||||||||||||||||||
0.23 | 0.23 | - | 0.22 | 0.22 | 0.22 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Dividend per common share | 0.23 | 0.23 | - | 0.22 | 0.22 | 0.22 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Average number of common shares outstanding - basic and diluted (in shares) | |||||||||||||||||||||
21,670 | 21,638 | 21,609 | 21,556 | 21,529 | 21,501 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Average number of common shares outstanding - basic and diluted (in shares) | 21,670 | 21,638 | 21,609 | 21,556 | 21,529 | 21,501 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||