Schedule I - Summary of Investments-Other than Investments in Related Parties

12 Months Ended

Dec. 31, 2014

Summary of Investments, Other than Investments in Related Parties [Abstract]

Schedule I - Summary of Investments-Other than Investments in Related Parties

EMC INSURANCE GROUP INC. AND SUBSIDIARIES

Schedule I – Summary of Investments-

Other than Investment in Related Parties

December 31, 2014



($ in thousands, except share and per share amounts)
Type of investment	Cost		Fair value		Amount at which shown in the balance sheet

Securities available-for-sale:
Fixed maturity securities:
U.S. treasury	$	9,574	$	9,703	$	9,703
U.S. government-sponsored agencies	215,425		215,616		215,616
Obligations of states and political subdivisions	299,258		326,058		326,058
Commercial mortgage-backed	42,996		46,762		46,762
Residential mortgage-backed	100,296		97,953		97,953
Other asset-backed	14,798		16,005		16,005
Corporate	397,659		415,402		415,402
Total fixed maturity securities	1,080,006		1,127,499		1,127,499

Equity securities:
Common stocks:
Financial services	22,586		34,379		34,379
Information technology	15,755		26,865		26,865
Healthcare	14,673		26,852		26,852
Consumer staples	10,584		16,694		16,694
Consumer discretionary	11,304		22,691		22,691
Energy	15,837		22,863		22,863
Industrials	9,658		18,221		18,221
Other	11,493		16,056		16,056
Non-redeemable preferred stocks	12,082		12,415		12,415
Total equity securities	123,972		197,036		197,036

Other long-term investments	6,227		6,227		6,227

Short-term investments	53,262		53,262		53,262
Total investments	$	1,263,467	$	1,384,024	$	1,384,024

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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