EMC Insurance Group Inc. (EMCI) financial statements (2021 and earlier)

Company profile

Business Address 717 MULBERRY ST
DES MOINES, IA 50309
State of Incorp. IA
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments297291244273242224
Cash and cash equivalents0000000
Short-term investments296291244272232224
Receivables 1258   
Total current assets:297303249281242224
Noncurrent Assets
Long-term investments and receivables17181918171714
Long-term investments17181918171714
Intangible assets, net (including goodwill)1111111
Goodwill1111111
Total noncurrent assets:18192019181815
Other undisclosed assets1,4731,4201,4161,4011,6181,6251,643
TOTAL ASSETS:1,7881,7421,6851,7011,6591,6651,682
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,1581,1261,1201,1261,0911,0841,078
Total liabilities:1,1581,1261,1201,1261,0911,0841,078
Stockholders' equity
Stockholders' equity attributable to parent, including:631616566575568581604
Additional paid in capital130130128128126126125
Accumulated other comprehensive income (loss)40222(15)(6)(2)83
Retained earnings439443414441426436374
Other undisclosed stockholders' equity attributable to parent22222222222221
Total stockholders' equity:631616566575568581604
TOTAL LIABILITIES AND EQUITY:1,7881,7421,6851,7011,6591,6651,682

Income statement (P&L) ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Revenues187204142189167163174
Financial services revenue158156(450)
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(33)(30)(30)(29)(29)(27)(28)
Gross profit:154174111160137136146
Operating expenses(27)(24)(24)(22)(23)(24)(20)
Operating income:12815088139114112126
Other undisclosed loss from continuing operations before equity method investments, income taxes(126)(108)(118)(114)(122)(113)(101)
Income (loss) from continuing operations before income taxes:242(31)24(8)(1)25
Income tax expense (benefit)(0)(9)9(5)302
Net income (loss) available to common stockholders, diluted:134(22)19(5)(0)26

Comprehensive Income ($ in millions)

6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
Net income (loss):134(22)19(5)(0)26
Other comprehensive income (loss)182017(9)(4)(19)5
Comprehensive income (loss), net of tax, attributable to parent:1954(5)10(9)(19)31

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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