EMC Insurance Group Inc. · Des Moines, IA United States ·(NASDAQ (GS): EMCI)
Company Description
Phone: 515-345-2902
Fax: 515-345-2895
Toll Free: 800-247-2128
View EMC Insurance Group Inc. Locations On A US Map
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This link will open in a new window EMC Insurance Group may be publicly traded, but in its heart it's a mutual insurance company. Subsidiaries EMCASCO Insurance, Illinois EMCASCO, and Dakota Fire Insurance sell property/casualty lines including automobile, property, liability, and workers' compensation insurance, primarily to small and medium-sized businesses. EMC Underwriters offers excess and surplus lines of insurance. EMC Reinsurance sells property/casualty treaty reinsurance. The group operates throughout the US, primarily in the Midwest; Iowa accounts for nearly 15% of premiums. Employers Mutual Casualty, a multiple-line property/casualty insurance company, owns 57% of EMC Insurance Group. To read the full description, subscribe now.
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Key EMC Insurance Group Inc. Financials
| Company Type | Public - NASDAQ (GS): EMCI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $413.9 |
| Employees | 2,169 |
EMC Insurance Group Inc. Executives
66 executives listed for EMC Insurance Group Inc.'s Des Moines, IA location.
| Title | Name & Bio | Contact |
| Chairman | George Carpenter | Network |
| Vice Chairman | Margaret Ball | Network |
| President, CEO, and Director | Bruce Kelley | Network |
Competition
Competitive Landscape for EMC Insurance Group Inc.
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top EMC Insurance Group Inc. Competitors
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