UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549

                                 FORM 8-K

                              CURRENT REPORT

    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 29, 2003
                                                  ----------------

                           EMC INSURANCE GROUP INC.
             ----------------------------------------------------
            (Exact name of registrant as specified in its charter)


            Iowa                          0-10956              42-623455
 ------------------------------        -----------        ------------------
(State or other jurisdiction of        (Commission        (I.R.S. Employer
       incorporation)                  File Number)       Identification No.)


 717 Mulberry Street, Des Moines, Iowa                           50309
- ---------------------------------------                       ----------
(Address of principal executive office)                       (Zip Code)


                                (515) 280-2902
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              (Registrant's telephone number, including area code)



Item 5. Other Events

     On January 29, 2003, EMC Insurance Group Inc. issued the following press
release clarifying financial information released by its parent company,
Employers Mutual Casualty Company, and announcing a change in Employers
Mutual's dividend reinvestment percentage.

     DES MOINES, Iowa (January 29, 2003) - Employers Mutual Casualty Company
(Employers Mutual), the parent company of EMC Insurance Group Inc.
(Nasdaq/NM:EMCI), today announced to its employees that the statutory
combined trade ratio of the EMC Insurance Companies for the year ended
December 31, 2002 was 100.7 percent.  This announcement was made in
conjunction with a company-wide presentation disclosing the results of the
company's 2002 contingent salary plan.

     This statutory combined trade ratio is not prepared on the basis of
generally accepted accounting principals (GAAP) and reflects the operating
results of all subsidiaries and affiliates of Employers Mutual, including the
subsidiaries of EMC Insurance Group Inc.  As a result, this statutory
combined ratio should not be considered indicative of the GAAP-basis
operating results that will be reported by EMC Insurance Group Inc. for the
fourth quarter and year ended December 31, 2002 on February 25, 2003.

     Employers Mutual has also informed EMC Insurance Group Inc. that it will
increase its participation in EMC Insurance Group Inc.'s dividend
reinvestment plan from 25 percent to 50 percent for the first quarter of 2003
and expects to surpass the 80 percent ownership threshold of EMC Insurance
Group Inc. at that time.  Employers Mutual has indicated that it may continue
to participate in the dividend reinvestment plan in the future; however, its
reinvestment percentage will likely be reduced to a level necessary to
maintain the 80 percent ownership threshold.

     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. EMC Insurance Companies is one of the
largest property and casualty groups in Iowa and among the top 60 insurance
groups nationwide. For more information, visit our website
www.emcinsurance.com.

     The Private Securities Litigation Reform Act of 1995 provides issuers
the opportunity to make cautionary statements regarding forward-looking
statements.  Accordingly, any forward-looking statement contained in this
report is based on management's current expectations and actual results of
the Company may differ materially from such expectations.  The risks and
uncertainties that may affect the actual results of the Company include but
are not limited to the following:  catastrophic events and the occurrence of
significant severe weather conditions; state and federal legislation and
regulations; rate competition; changes in interest rates and the performance
of financial markets; the adequacy of loss and settlement expense reserves,
including asbestos and environmental claims; rate agency actions and other
risks and uncertainties inherent to the Company's business.



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



                                    EMC INSURANCE GROUP INC.
                                    Registrant




                                    /s/ Bruce G. Kelley
                                    --------------------
                                    Bruce G. Kelley
                                    President & Chief Executive Officer




                                    /s/ Mark Reese
                                    ---------------
                                    Mark Reese
                                    Vice President and
                                    Chief Financial Officer


Date:  January 29, 2003