UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 24, 2005
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EMC INSURANCE GROUP INC.
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(Exact name of registrant as specified in its charter)
Iowa 0-10956 42-623455
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
717 Mulberry Street, Des Moines, Iowa 50309
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(Address of principal executive office) (Zip Code)
(515) 280-2902
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On January 24, 2005, EMC Insurance Group Inc. issued a the following
press release:
EMC INSURANCE GROUP INC. COMMENTS ON FINANCIAL
RATIO INFORMATION RELEASED BY ITS PARENT COMPANY,
EMPLOYERS MUTUAL CASUALTY COMPANY
DES MOINES, Iowa (January 24, 2005) - Employers Mutual Casualty Company
(Employers Mutual), the parent company of EMC Insurance Group Inc.
(Nasdaq/NM:EMCI), today announced to its employees that the statutory
combined trade ratio of the EMC Insurance Companies for the year ended
December 31, 2004 was 110.8 percent. This announcement was made in
conjunction with a company-wide presentation disclosing the results of
Employers Mutual's 2004 contingent salary plan. This statutory combined
trade ratio is not prepared on the basis of generally accepted accounting
principals (GAAP) and reflects the operating results of all subsidiaries and
affiliates of Employers Mutual, including the subsidiaries of EMC Insurance
Group Inc.
For EMC Insurance Group Inc., the statutory combined trade ratio for
the year ended December 31, 2004 was 104.2 percent. This statutory combined
trade ratio should not be considered indicative of the GAAP-basis combined
ratio or operating results that will be reported by EMC Insurance Group Inc.
for the fourth quarter and year ended December 31, 2004 on or about February
24, 2005.
EMC Insurance Group Inc., the publicly-held insurance holding company
of EMC Insurance Companies, owns subsidiaries with operations in property and
casualty insurance and reinsurance. EMC Insurance Companies is one of the
largest property and casualty groups in Iowa and among the top 60 insurance
groups nationwide. For more information, visit our website
www.emcinsurance.com.
The Private Securities Litigation Reform Act of 1995 provides issuers
the opportunity to make cautionary statements regarding forward-looking
statements. Accordingly, any forward-looking statement contained in this
report is based on management's current expectations and actual results of
the Company may differ materially from such expectations. The risks and
uncertainties that may affect the actual results of the Company include but
are not limited to the following: catastrophic events and the occurrence of
significant severe weather conditions; state and federal legislation and
regulations; rate competition; changes in interest rates and the performance
of financial markets; the adequacy of loss and settlement expense reserves,
including asbestos and environmental claims; rate agency actions and other
risks and uncertainties inherent to the Company's business. When we use the
words "believe", "expect", "anticipate", "estimate" or similar expressions,
we intend to identify forward-looking statements. You should not place undue
reliance on these forward-looking statements.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EMC INSURANCE GROUP INC.
Registrant
/s/ Bruce G. Kelley
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Bruce G. Kelley
President & Chief Executive Officer
/s/ Mark E. Reese
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Mark E. Reese,
Sr. Vice President &
Chief Financial Officer
January 25, 2005