EMC INSURANCE GROUP INC. EMCI Income Statement

Emc insurance group inc. (EMCI)

Income statement / TTM

Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
REVENUES
Premiums Earned, Net, Property and Casualty
666,886	656,699	645,183	635,084	626,566	618,457	607,158	600,558	597,549	594,158	592,408	582,506	576,113	574,272	570,266	564,498	557,026	546,373	540,722	540,805	534,852	528,089	515,506	497,319	486,501	469,583	458,846	453,342	439,214	429,875	416,402	401,918	390,933	0	0	0
Net Investment Income
50,202	49,029	47,637	46,900	46,450	45,843	45,479	45,286	45,259	46,267	47,490	47,519	47,344	46,606	45,582	45,977	46,181	45,816	46,465	45,428	44,470	44,434	43,022	42,898	43,322	43,431	44,145	44,502	44,864	45,189	46,110	47,117	48,448	0	0	0
Net realized investment gains, excluding impairment losses on securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-4,881	4,162	5,579	7,634	13,983	6,028	5,050	5,227	9,277	10,117	7,949	9,060	4,324	3,160	1,973	8,203	10,750	12,294	15,677	15,263	14,381	13,722	0	0	0
Total other-than-temporary impairment losses on securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	1,164	1,517	1,294	1,481	1,294	1,227	1,180	878	915	358	358	63	61	80	207	186	280	5,169	5,628	5,874	5,376	-1,112	0	0	0
Portion of other-than-temporary impairment losses on fixed maturity securities available-for-sale reclassified from other comprehensive income (before taxes)
-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	86	0	-	0	0	-	0	0
Net impairment losses on securities available-for-sale
-	-	-	-	-	-	-	-	-	-	-	1,164	1,517	1,294	1,481	1,294	1,227	1,180	878	915	358	358	63	61	80	207	186	-4,763	-5,456	0	-	0	0	-	0	0
Gain (Loss) on Investments
-3,098	-13,216	-41,252	4,272	-7,457	1,790	6,556	6,883	6,285	4,532	4,074	-6,045	2,645	4,285	6,153	12,689	4,801	3,870	4,349	8,361	9,759	7,591	8,997	4,263	3,080	1,766	8,017	10,470	7,124	9,963	9,303	8,186	10,862	0	0	0
Other Income
7,863	9,079	9,159	8,483	7,251	5,509	4,764	8,839	7,655	6,701	5,820	84	688	99	1,725	2,927	3,638	4,512	2,931	1,493	458	259	460	740	770	830	834	876	849	863	828	867	890	0	0	0
Total revenues
721,853	701,591	660,727	694,739	672,810	671,599	663,957	661,566	656,748	651,658	649,792	624,064	626,790	625,262	623,726	626,091	611,646	600,571	594,467	596,088	589,539	580,373	567,985	545,221	533,674	515,611	511,842	509,191	492,053	485,891	472,644	458,091	451,135	0	0	0
LOSSES AND EXPENSES
Losses and settlement expenses (affiliated $102,691 and $110,570)
454,926	451,500	457,159	439,876	448,175	436,312	421,969	413,884	402,481	398,073	386,897	386,235	380,747	380,060	370,736	364,610	368,577	372,290	385,474	384,977	366,560	349,682	333,287	320,199	311,289	310,721	303,388	309,438	321,474	334,845	342,974	334,073	313,864	0	0	0
Dividends to policyholders (all affiliated)
10,858	9,860	9,209	9,586	6,978	7,008	7,610	7,692	11,590	12,669	13,800	12,505	12,116	8,658	7,705	9,479	8,512	10,688	9,504	8,634	10,266	10,386	10,864	10,482	9,245	9,172	8,630	8,068	6,799	4,394	5,255	5,986	5,791	0	0	0
Amortization of deferred policy acquisition costs (affiliated $29,892 and $26,917)
121,736	118,481	115,803	113,640	111,287	109,391	108,910	108,437	108,852	108,886	108,403	104,101	103,395	103,071	102,184	103,175	101,993	99,868	99,042	99,915	98,629	97,076	94,728	91,321	90,261	87,327	84,275	83,432	80,492	79,083	77,318	77,933	80,903	0	0	0
Other underwriting expenses (affiliated $22,715 and $22,920)
89,825	88,561	88,824	86,582	86,457	84,139	81,918	83,853	80,660	78,084	74,421	70,201	68,640	67,868	68,418	64,236	62,098	58,917	56,826	60,287	63,712	65,163	65,754	63,977	62,406	61,682	60,919	58,289	55,012	54,587	54,515	50,997	47,648	0	0	0
Interest Expense To Affiliates
682	683	654	567	481	395	337	337	337	337	337	337	337	337	337	337	337	337	337	336	337	337	384	525	666	806	900	900	900	900	900	900	900	0	0	0
Other Cost and Expense, Operating
6,326	4,369	3,754	3,707	3,535	3,506	3,397	2,938	2,916	2,839	2,727	2,751	2,747	2,672	2,690	2,656	2,569	2,516	2,377	2,065	2,481	2,496	2,115	2,196	2,100	1,657	2,097	2,203	1,472	2,326	2,672	3,097	3,222	0	0	0
Total losses and expenses
684,353	673,454	675,403	653,958	656,913	640,751	624,141	617,141	606,836	600,888	586,585	576,130	567,982	562,666	552,070	544,493	544,086	544,616	553,560	556,216	541,985	525,140	507,132	488,702	475,970	471,367	460,209	462,332	466,151	476,137	483,636	472,988	452,330	0	0	0
Income (loss) before income tax expense (benefit)
37,500	28,137	-14,676	40,781	15,897	30,848	39,816	44,425	49,912	50,770	63,207	47,934	58,808	62,596	71,656	81,598	67,560	55,955	40,907	39,872	47,554	55,233	60,853	56,519	57,704	44,243	51,633	46,858	25,902	9,753	-10,991	-14,897	-1,195	0	0	0
INCOME TAX EXPENSE (BENEFIT)
Current
6,679	1,828	-1,225	7,565	1,784	7,164	8,004	8,539	12,184	12,489	18,061	14,457	16,090	17,024	18,611	20,026	15,493	12,383	7,280	7,801	13,129	15,533	16,927	15,016	13,994	9,475	11,594	8,778	2,817	-3,820	-9,818	-7,991	-4,500	0	0	0
Deferred
-1,598	170	-5,983	-7,045	-7,746	-8,674	-7,426	1,540	-1	-72	-1,057	-1,329	852	1,086	2,883	5,151	4,606	3,845	3,635	2,397	-218	-141	407	819	1,906	1,753	2,073	3,112	2,012	2,827	1,564	-1,627	-289	0	0	0
Total income tax expense (benefit)
5,081	1,998	-7,208	520	-5,962	-1,510	578	10,079	12,183	12,417	17,004	13,128	16,942	18,110	21,494	25,177	20,099	16,228	10,915	10,199	12,911	15,392	17,334	15,836	15,900	11,228	13,667	11,890	4,829	-992	-8,254	-9,618	-4,789	0	0	0
Net income (loss)
32,419	26,139	-7,468	40,261	21,859	32,358	39,238	34,346	37,729	38,353	46,203	34,806	41,866	44,486	50,162	56,421	47,461	39,727	29,992	29,672	34,643	39,841	43,519	40,682	41,803	33,015	37,966	34,967	21,072	10,746	-2,737	-5,278	3,594	0	0	0
Net income (loss) per common share - basic and diluted
0.06	1.55	-1.00	0.89	-0.24	0.00	1.23	0.03	0.26	0.32	1.01	0.20	0.29	0.70	0.47	0.54	0.42	1.00	0.53	0.11	0.05	0.79	0.09	0.55	0.48	1.10	1.01	0.65	-0.20	1.49	0.78	-0.43	-1.00	0.44	0.57	0.25
Dividend per common share
0.23	0.23	-	0.22	0.22	0.22	-	0.21	0.21	0.21	-	0.19	0.19	0.19	-	0.17	0.16	0.16	-	0.15	0.15	0.23	-	0.21	0.21	0.21	-	0.20	0.20	0.20	-	0.19	0.19	0.19	0.18	0.18
Average number of common shares outstanding - basic and diluted (in shares)
21,670	21,638	21,609	21,556	21,529	21,501	21,417	21,356	21,276	21,254	21,132	21,060	20,989	20,842	20,755	20,684	20,611	20,436	27,001	20,267	20,206	13,348	39,386	13,131	13,055	12,946	12,894	12,889	12,883	12,879	12,870	12,886	12,958	12,935	12,979	13,129