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Emc Insurance Group Inc.  (EMCI)
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Emc Insurance Group's Customers Performance

EMCI

 
EMCI's Source of Revenues In the Q2, Emc Insurance Group Inc.'s corporate clients experienced a reduction by -1.89 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -29.07 %. During the corresponding time, Emc Insurance Group Inc. recorded revenue increase by 12.16 % year on year, sequentially revenue fell by -8.49 %. While revenue at the Emc Insurance Group Inc.'s corporate clients recorded rose by 5 % year on year, sequentially revenue grew by 5.94 %.

List of EMCI Customers




Customers of Emc Insurance Group Inc. saw their costs of revenue decrease by -1.89 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -29.07 %, for the same period Emc Insurance Group Inc. recorded revenue increase by 12.16 % year on year, sequentially revnue fell by -8.49 %.

List of EMCI Customers


   
Customers Net Income grew in Q2 by Customers Net margin grew to
28.28 % 10.49 %



Emc Insurance Group's Customers, Q2 2019 Revenue Growth By Industry
Customers in Chemical Manufacturing Industry -0.19 %   
Customers in Iron & Steel Industry -8.93 %   
Customers in Metal Mining Industry  
Customers in Miscellaneous Fabricated Products Industry -2.14 %   
Customers in Construction Raw Materials Industry    
Customers in Aerospace & Defense Industry -13.39 %   
Customers in Construction Services Industry -25.12 %   
Customers in Miscellaneous Manufacturing Industry -19.9 %   
Customers in Industrial Machinery and Components Industry -5.93 %   
Customers in Ship & Boat Building Industry      26.54 %
Customers in Conglomerates Industry -15.35 %   
Customers in Appliance & Tool Industry -53.09 %   
Customers in EV, Auto & Truck Manufacturers Industry -8.84 %   
Customers in Auto & Truck Parts Industry -2.07 %   
Customers in Electric & Wiring Equipment Industry      5.12 %
Customers in Food Processing Industry      14.73 %
Customers in Oil And Gas Production Industry      10.03 %
Customers in Oil & Gas Integrated Operations Industry -6.3 %   
Customers in Oil Well Services & Equipment Industry    
Customers in Accident & Health Insurance Industry      83.6 %
Customers in Life Insurance Industry      5.75 %
Customers in Insurance Brokerage Industry      4.89 %
Customers in Property & Casualty Insurance Industry      4.49 %
Customers in Investment Services Industry      263.69 %
Customers in Real Estate Investment Trusts Industry      6.91 %
Customers in Commercial Banks Industry -2.47 %   
Customers in Blank Checks Industry -12.45 %   
Customers in Broadcasting Media & Cable TV Industry    
Customers in Professional Services Industry -8.29 %   
Customers in Cruise and Shipping Industry  
Customers in Electronic Instruments & Controls Industry      8.39 %
Customers in Transport & Logistics Industry      0.26 %
Customers in Special Transportation Services Industry -0.33 %   
Customers in Railroads Industry -9.34 %   
Customers in Marine Transportation Industry -11.12 %   
Customers in Natural Gas Utilities Industry -10.95 %   
Customers in Pharmacy Services & Retail Drugstore Industry -40.87 %   
     
• Customers Valuation • Customers Mgmt. Effect.


Emc Insurance Group's Comment on Sales, Marketing and Customers



Property and Casualty Insurance
The pool participants market a wide variety of commercial and personal lines insurance products through 16 branch offices, which actively write business through independent agents in 41 states. The pool participants’ products are marketed exclusively through a network of 2,071 local independent agency relationships through 3,997 offices. The pool participants primarily focus on the sale of commercial lines of property and casualty insurance to small and medium-sized businesses, which are considered to be policyholders that pay less than $100,000 in annual premiums. The pool participants also seek to provide more than one policy to a given customer, because this “account selling” strategy diversifies risks and generally improves underwriting results.

Although a majority of the pool participants’ business is generated by sales in the Midwest, Employers Mutual’s branch offices are located across the country to take advantage of local market conditions and opportunities, as well as to spread risk geographically. Each branch office performs its own underwriting, claims, marketing and risk management functions according to policies and procedures established and monitored by the home office. This decentralized network of branch offices allows the pool participants to develop marketing strategies, products and pricing that target the needs of individual marketing territories and take advantage of different opportunities for profit in each market. This operating structure also enables the pool participants to develop close relationships with their agents and customers.

Although each branch office offers a slightly different combination of products, the branches generally target three customer segments:

a wide variety of small to medium-sized businesses, through a comprehensive package of property and liability coverages;

businesses and institutions eligible for the pool participants’ target market, safety dividend group and EMC Choice programs (described below), which offer specialized products geared to their members’ unique protection needs; and

individual consumers, through a number of personal lines products such as homeowners, automobile and umbrella coverages.
The pool participants write a number of target market, safety dividend group and EMC Choice programs throughout the country, and have developed a strong reputation for these programs within the marketplace. These programs provide enhanced insurance protection to businesses or institutions that have similar hazards and exposures, and are willing to implement loss prevention programs. These groups include public schools, small municipalities, petroleum marketers, contractors and mobile home parks. As an example, the pool participants write coverage for approximately 1,500 school districts throughout the Midwest. These programs have been successful because they offer risk management products and services that are targeted to the needs of the group members through a local independent agent.