EMC Insurance Group Inc. (EMCI) financial statements (2020 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
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2442440395456
Cash and cash equivalents 000000
Short-term investments 2442440395356
Receivables 5     
Total current assets: 2492440395456
Noncurrent Assets
Long-term investments and receivables 1914131062
Long-term investments 1914131062
Intangible assets, net (including goodwill) 111111
Goodwill 111111
Total noncurrent assets: 2015131173
Other undisclosed assets 1,4161,6431,5351,4861,4371,319
TOTAL ASSETS: 1,6851,6821,5891,5361,4981,379
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 1,1201,0781,0351,011995924
Total liabilities: 1,1201,0781,0351,011995924
Stockholders' equity
Stockholders' equity attributable to parent, including: 566604553525503455
Additional paid in capital 12812511910910799
Accumulated other comprehensive income 28346588259
Retained earnings 414374367337301284
Other undisclosed stockholders' equity attributable to parent 222121211413
Total stockholders' equity: 566604553525503455
TOTAL LIABILITIES AND EQUITY: 1,6851,6821,5891,5361,4981,379

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

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 661659645624594568
Financial services revenue   541 
Cost of revenue (116)(109)(108)(102)(485)95
Deferred policy acquisition costs, amortization expense (116)(109)(108)(102)(99)95
Financial services costs   (385) 
Gross profit: 545550537522110663
Operating expenses (93)(80)(72)(71)(60)(68)
Operating income: 45247046445050595
Nonoperating income
(Investment Income, Nonoperating)
     5052
Other undisclosed loss from continuing operations before equity method investments, income taxes (467)(430)(401)(379)(60)(586)
Income (loss) from continuing operations before income taxes: (15)4063724161
Income tax expense (benefit) 7(1)(17)(21)(11)(17)
Net income (loss) available to common stockholders, diluted: (7)3946503044

Comprehensive Income ($ in millions)

6/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (7)3946503044
Other comprehensive income (loss) (16)24(12)(23)2311
Comprehensive income (loss), net of tax, attributable to parent: (23)6334275355

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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