![]() ![]() There can be no assurance that any definitive agreement will be finalized and executed or that the proposal transaction or any other transaction will be approved or consummated. 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. Description: EMC is a regional company with a national presence, having been committed to independent insurance agents since 1911. Provider of insurance services intended to serve policyholders and independent insurance agents. The special committee, which consists of the Company's four independent directors, has retained its own independent financial and legal advisors to assist it in considering the proposal. The proposal, which is subject to certain conditions, provides that the shares will be purchased at a price of $30 per share in cash. EMC Insurance Group Inc., an approximately 68 percent owned subsidiary of Employers Mutual Casualty Company (Employers Mutual), is an insurance holding company with operations in property and casualty insurance and reinsurance. Best has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of a of Employers Mutual Casualty Company (EMCC) and its six property/casualty subsidiaries (col. Employers Mutual and all of its subsidiaries (including the Company) are referred to as the “EMC Insurance Companies.” On November 20, 2018, the Company announced receipt of a non-binding indicative proposal dated Novemfrom Employers Mutual to purchase all the outstanding common stock of the Company not already owned by Employers Mutual, and the formation of a special committee of the Company's board of directors to consider the proposal. EMC Insurance (also known as Employers Mutual Casualty) is a company that provides property and casualty insurance products and services. (Parent Company only) and EMC Insurance Group Inc. The term “Company” is used interchangeably to describe EMC Insurance Group Inc. (EMC Insurance), a wholly-owned subsidiary of Employers Mutual Casualty Company, is an insurance holding company. See accompanying Notes to Consolidated Financial Statements. ![]() is approximately 55 percent owned by Employers Mutual, a multiple-line property and casualty insurance company organized as an Iowa mutual insurance company in 1911 that is licensed in all 50 states and the District of Columbia. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited) All affiliated balances presented above are the result of related party transactions with Employers Mutual. is an insurance holding company that was incorporated in Iowa in 1974 by Employers Mutual Casualty Company (Employers Mutual) and became a public company in 1982 following the initial public offering of its common stock. ![]()
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