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)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments244244039545654
Cash and cash equivalents0000000
Short-term investments244244039535653
Receivables5      
Total current assets:249244039545654
Noncurrent Assets
Long-term investments and receivables19141310621
Long-term investments19141310621
Intangible assets, net (including goodwill)1111111
Goodwill1111111
Total noncurrent assets:20151311732
Other undisclosed assets1,4161,6431,5351,4861,4371,3191,235
TOTAL ASSETS:1,6851,6821,5891,5361,4981,3791,291
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,1201,0781,0351,011995924889
Total liabilities:1,1201,0781,0351,011995924889
Stockholders' equity
Stockholders' equity attributable to parent, including:566604553525503455401
Additional paid in capital1281251191091079989
Accumulated other comprehensive income2834658825948
Retained earnings414374367337301284251
Other undisclosed stockholders' equity attributable to parent22212121141313
Total stockholders' equity:566604553525503455401
TOTAL LIABILITIES AND EQUITY:1,6851,6821,5891,5361,4981,3791,291

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues661659645624594568512
Financial services revenue   541  
Cost of revenue(116)(109)(108)(102)(485)9584
Deferred policy acquisition costs, amortization expense(116)(109)(108)(102)(99)9584
Financial services costs   (385)  
Gross profit:545550537522110663596
Operating expenses(93)(80)(72)(71)(60)(68)(63)
Operating income:45247046445050595533
Nonoperating income
(Investment Income, Nonoperating)
    505252
Other undisclosed loss from continuing operations before equity method investments, income taxes(467)(430)(401)(379)(60)(586)(534)
Income (loss) from continuing operations before income taxes:(15)406372416152
Income tax expense (benefit)7(1)(17)(21)(11)(17)(14)
Net income (loss) available to common stockholders, diluted:(7)394650304438

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(7)394650304438
Other comprehensive income (loss)(16)24(12)(23)231120
Comprehensive income (loss), net of tax, attributable to parent:(23)633427535558

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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