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EMC Review

EMC Ratings and Company Information

Company Rating:
Best Insurance Reports: A
Url of page where rating was collected:
http://www3.ambest.com/

Best Rating: A.M. Best rating: A (excellent)

Type of Insurance Company: Stock

Name of Parent Company:

Insurance subsidiaries:
Dakota Fire Insurance Company
EMC Reinsurance Company
EMCASCO Insurance Company
EMC Underwriters
Illionois EMCASCO Insurance Company

Company Overview:
Company History: The Employers Mutual Casualty Association of Iowa (EMCA) was founded in 1911 with John A. Gunn elected as the first president. The company originally offered 9 lines of insurance. The EMCA renamed the company the Employers Mutual Casualty Company in 1924. In the 1930's the company began to expand across the midwest. In 1953 EMC went International, in 1955 the company began to offer property insurance, and by 1969 EMC offered insurance in all 50 states. Now EMC was listed by Forbes as one of the top 100 Most Trustworthy Companies. The company is ranked as one of the top 60 insurance organizations nationwide and employs over 2,100 people.

Principle Sales Methods: Independent insurance agents sell EMC policies (80% commercial, 20% personal.)

Life Annuity Business: EMC offers life insurance for individuals and workplace life insurance .

Auto Business: EMC offers a variety of Auto insurance policies and discounts including (but not limited to) an accident-free discount, and a multi-car discount. The company also offers motorcycle coverage.

Homeowners Business: EMC offers a variety of homeowners insurance policies and discounts including protective devices and new or renovated dwelling components.

Health Business: EMC offers group disability income under their workplace life insurance policies.

Special Business: EMC sells Property/Casualty, Liability, Workers Comp, auto, data compromise, crime, and errors and omissions insurance and Reinsurance for small- and medium-sized businesses.

Company Financial Status:
Ticker Symbol: EMC
Assets & Premiums: Assets: $44.44 Billion
Net Written Premiums: $1.49 Billion
Net Earned Premiums: $1.44 Billion

Lines of Insurance:
Auto, Life, Disability, Homeowners

States licensed to sell insurance in:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

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