AM Best Affirms Credit Ratings of Employers Mutual Casualty Company and Subsidiaries
EMC INSURANCE GROUP (EMCI)
Last emc insurance group earnings: 2/7 06:30 am
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Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Employers Mutual Casualty Company (EMCC) and its five property/casualty (P/C) subsidiaries (collectively referred to as EMC Insurance Companies), which operate under an inter-company pooling agreement led by EMCC. In addition, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” of EMCC’s separately rated, indirectly owned subsidiary, EMC Reinsurance Company (EMC Re). Furthermore, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” of EMC National Life Company (EMCNL). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb+” of EMC Insurance Group Inc. (EMCI) [NAS:EMCI], a downstream holding company majority owned by EMCC. The outlook of these Credit Ratings (ratings) is stable. All of the EMC entities are domiciled in Des Moines, IA, except for Dakota Fire I
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