EMC Insurance Group Inc. (EMCI) 2010年年度报告「NASDAQ」.pdf

1、2010 ANNUAL REPORTSTRENGTH.STABILITY.SERVICE.COUNT ON EMCIn 1911,a group of Iowa businessmen formed a mutual insurance association in anticipation of the passage of a workers compensation law in Iowa.Local and cost-effective coverage of members was the underlying concept behind the venture.Strength,

2、stability and service became an early slogan.As a mutual insurance organization,the focused approach to success was long-term in nature,and the means of obtaining that success was by forging lasting relationships with local insurance agencies.The company was Employers Mutual Casualty Association,whi

3、ch was renamed Employers Mutual Casualty Company,our parent organization,known today by the trade name EMC Insurance Companies(EMC).The company persevered through the Great Depression and two world wars and exponentially increased in size.Numerous new products were developed,and branch offices were

4、established throughout the United States so that local presence could be an integral part of the organizations business model.This focused approach to success was long-term in nature,and the number one priority was maintaining lasting relationships with agents and policyholders through superior serv

5、ice and products.Fast forward to 1974.In an effort to maximize its financial strength,EMC began to restructure itself and created a public entity for the purpose of accessing the capital markets.In 1982,EMC Insurance Group Inc.(EMCI)conducted its initial public offering and was listed on the NASDAQ

6、stock market using the ticker symbol EMCI.Today,EMC Insurance Group is a nearly one-third participant in a near-national property and casualty insurance organization collectively known as EMC Insurance Companies.The total organization has more than$3 billion in assets and is licensed in all 50 state