EMC Insurance Group: 2Q Earnings Snapshot
DES MOINES, Iowa (AP) _ EMC Insurance Group Inc. (EMCI) on Tuesday reported a second-quarter loss of $5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Des Moines, Iowa-based company said it had a loss of 24 cents. Losses, adjusted for investment costs, came to 2 cents per share.
The insurance holding company posted revenue of $172.5 million in the period.
EMC Insurance Group shares have decreased roughly 10 percent since the beginning of the year. The stock has decreased 6 percent in the last 12 months.