EMC Insurance Group (EMC Insurance Group) Net Reserve Development From Prior Years (USD Mil) : 2.33 (As of Jun. 2019)

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What is EMC Insurance Group Net Reserve Development From Prior Years (USD Mil)?

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded.

EMC Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Jun. 2019 was 2.33 , which lower from pervious quarter (Mar. 2019)'s result by 82.50%.

EMC Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2018 was 18.68 , which lower from pervious year (Dec. 2017)'s result by 4.77%.

The historical rank and industry rank for EMC Insurance Group's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

EMCI's Net Reserve Development From Prior Years (USD Mil) is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

EMC Insurance Group Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for EMC Insurance Group's Net Reserve Development From Prior Years (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EMC Insurance Group Net Reserve Development From Prior Years (USD Mil) Chart

EMC Insurance Group Annual Data

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EMC Insurance GroupQuarterly Data

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Net Reserve Development From Prior Years (USD Mil)

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EMC Insurance Group (NAS:EMCI) Net Reserve Development From Prior Years (USD Mil) Explanation

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded. Prior years’ loss reserve development is useful to the company's management team, as it allows them to assess the impact of incurred claims from previous calendar years on current period earnings.

Generally, lower Prior Years’ Reserve Development is better because it means a higher accuracy on predicting the loss on incurred claims.

EMC Insurance Group Net Reserve Development From Prior Years (USD Mil) Related Terms

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EMC Insurance Group (EMC Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » EMC Insurance Group Inc (NAS:EMCI) » Definitions » Net Reserve Development From Prior Years (USD Mil)

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Address

717 Mulberry Street, Des Moines, IA, USA, 50309

Website

http://www.emcins.com

EMC Insurance Group Inc is a United States based insurance provider that focusses on non-life insurance products. It derives significant revenues from its property and casualty insurance products, which it sells through its subsidiaries company. Its secondary source of revenue is its reinsurance segment. The group manages its reinsurance business through its subsidiary, EMC Reinsurance company, which sells commercial lines of property and casualty insurance products to small and medium-sized businesses.

Executives