![]() ![]() These factors are partially offset by EMC Re's significance dependence on EMCC and the competitive challenges associated with its position in the broker reinsurance market, which is generally comprised of large professional reinsurers who heavily influence reinsurance pricing, terms and conditions. The affirmation of EMC Re's ratings acknowledges its substantially improved capitalization and operating performance over the past several years, its role and strategic importance as a focused reinsurer within the EMC group and the continued financial and operational support provided by its ultimate parent, Employers Mutual Casualty Company (EMCC) (Iowa), the lead company within the EMC pool. The group's reserves appear to have stabilized to a large degree as evidenced by its reported favorable reserve development and improved profitability in 2005 and the first quarter of 2006. Management attributes much of the group's significant reserve development in 2004 to aggressive actions taken on individual case reserves as a result of diligent and extensive claim file review and better communication between branch offices and the home office. Partially offsetting these positive rating factors is the group's significant earnings variability in recent years - largely due to adverse prior year loss reserve development - and above average common stock leverage, which has resulted in sizable swings in capital gains. These factors are supported by EMC's extensive regional branch office network, long-standing agency relationships and the relatively favorable operating environment in the Midwest and South, where the majority of its business is generated. The affirmation of EMC's ratings reflects its strong capitalization, improved profitability in 2005 and the first quarter of 2006 and the continued benefits derived from management's re-underwriting and pricing initiatives over the past several years. (See below for a detailed list of the ratings.) has affirmed the financial strength ratings (FSR) of A- (Excellent) and issuer credit ratings (ICR) of "a-" of EMC Insurance Companies (EMC) and its property/casualty pool members, as well as EMC Reinsurance Company (EMC Re) (Des Moines, IA). ![]() The data presented on this page does not represent the view of EMC Insurance and its employees or that of Zippia.ĮMC Insurance may also be known as or be related to EMC Insurance, EMC Insurance Companies, EMC Insurance Group and Employers Mutual Casualty Company.A.M. None of the information on this page has been provided or approved by EMC Insurance. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. ![]() Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at EMC Insurance. Zippia gives an in-depth look into the details of EMC Insurance, including salaries, political affiliations, employee data, and more, in order to inform job seekers about EMC Insurance. Based in Iowa, EMC Insurance is a key player in the insurance industry with 2,338 employees and an annual revenue of $1.1B.ĮMC Insurance's mission statement To grow profitably through partnership with independent insurance agents and to enhance the ability of our partners to deliver quality financial protection to the people and businesses we mutually serve. In comparison, some of its highest paying competitors, like Philadelphia Insurance Companies, Utica National Insurance Group, and The Travelers Companies, pay $67,801, $66,440, and $66,351, respectively. The average employee at EMC Insurance makes $64,189 per year. EMC Insurance has great employee retention with staff members usually staying with the company for 7.1 years. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Republican Party. ![]() It has an unusually high proportion of employees who are members of the Republican Party, at 87.0%. Despite its diversity in other areas, EMC Insurance employees are noticeably lacking in political diversity. The company is 63.9% female and 25.7% ethnic minorities. The staff at EMC Insurance come from unusually diverse demographic backgrounds. Jean Explore EMC Insurance's products and types of coverage for business insurance, reinsurance and loss control. ![]()
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