EMC Insurance Group Inc. Revises Earnings Guidance for the Year Ended December 31, 2012
Catastrophe and storm losses are expected to have totaled approximately $53,460,000 ($2.70 per share after tax) compared to an unprecedented $80,331,000 ($4.04 per share after tax) in 2011. On a per share basis, the losses associated with Superstorm Sandy amounted to approximately $0.25 after tax.