XML 31 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Investments:    
Fixed maturity securities available-for-sale, at fair value (amortized cost $1,084,305 and $1,080,006) $ 1,138,223us-gaap_AvailableForSaleSecuritiesDebtSecurities $ 1,127,499us-gaap_AvailableForSaleSecuritiesDebtSecurities
Equity securities available-for-sale, at fair value (cost $127,418 and $123,972) 199,557us-gaap_AvailableForSaleSecuritiesEquitySecurities 197,036us-gaap_AvailableForSaleSecuritiesEquitySecurities
Other long-term investments 9,717us-gaap_OtherLongTermInvestments 6,227us-gaap_OtherLongTermInvestments
Short-term investments 47,233us-gaap_OtherShortTermInvestments 53,262us-gaap_OtherShortTermInvestments
Total investments 1,394,730us-gaap_Investments 1,384,024us-gaap_Investments
Cash 404us-gaap_Cash 383us-gaap_Cash
Reinsurance receivables due from affiliate 27,304emci_ReinsuranceRecoverablesFromAffiliates 28,603emci_ReinsuranceRecoverablesFromAffiliates
Prepaid reinsurance premiums due from affiliate 7,098emci_PrepaidReinsurancePremiumsFromAffiliates 8,865emci_PrepaidReinsurancePremiumsFromAffiliates
Deferred policy acquisition costs (affiliated $40,605 and $38,930) 41,128us-gaap_DeferredPolicyAcquisitionCosts 39,343us-gaap_DeferredPolicyAcquisitionCosts
Amounts due from affiliate to settle inter-company transaction balances 7,594us-gaap_DueFromRelatedPartiesCurrent 0us-gaap_DueFromRelatedPartiesCurrent
Prepaid pension and postretirement benefits due from affiliate 17,134emci_PrepaidPensionBenefitsFromAffiliates 17,360emci_PrepaidPensionBenefitsFromAffiliates
Accrued investment income 11,403us-gaap_AccruedInvestmentIncomeReceivable 10,295us-gaap_AccruedInvestmentIncomeReceivable
Accounts receivable 2,179us-gaap_PremiumsAndOtherReceivablesNet 1,767us-gaap_PremiumsAndOtherReceivablesNet
Goodwill 942us-gaap_Goodwill 942us-gaap_Goodwill
Other assets (affiliated $3,966 and $4,900) 4,043us-gaap_OtherAssets 6,238us-gaap_OtherAssets
Total assets 1,513,959us-gaap_Assets 1,497,820us-gaap_Assets
LIABILITIES    
Losses and settlement expenses (affiliated $647,663 and $650,652) 657,285us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability 661,309us-gaap_LiabilityForClaimsAndClaimsAdjustmentExpensePropertyCasualtyLiability
Unearned premiums (affiliated $232,814 and $230,460) 234,471us-gaap_UnearnedPremiums 232,093us-gaap_UnearnedPremiums
Other policyholders' funds (all affiliated) 11,109emci_PolicyholderDividendsPayableFromAffiliates 10,153emci_PolicyholderDividendsPayableFromAffiliates
Surplus notes payable to affiliate 25,000us-gaap_NotesPayableRelatedPartiesCurrentAndNoncurrent 25,000us-gaap_NotesPayableRelatedPartiesCurrentAndNoncurrent
Amounts due affiliate to settle inter-company transaction balances 0us-gaap_DueToRelatedPartiesCurrentAndNoncurrent 8,559us-gaap_DueToRelatedPartiesCurrentAndNoncurrent
Pension benefits payable to affiliate 3,963emci_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesFromAffiliates 4,162emci_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesFromAffiliates
Income taxes payable 8,671us-gaap_AccruedIncomeTaxes 3us-gaap_AccruedIncomeTaxes
Deferred income taxes 30,791us-gaap_DeferredTaxLiabilities 28,654us-gaap_DeferredTaxLiabilities
Other liabilities (affiliated $15,394 and $23,941) 15,470us-gaap_OtherLiabilities 25,001us-gaap_OtherLiabilities
Total liabilities 986,760us-gaap_Liabilities 994,934us-gaap_Liabilities
STOCKHOLDERS' EQUITY    
Common stock, $1 par value, authorized 20,000,000 shares; issued and outstanding, 13,700,025 shares in 2015 and 13,562,980 shares in 2014 13,700us-gaap_CommonStockValueOutstanding 13,563us-gaap_CommonStockValueOutstanding
Additional paid-in capital 110,684us-gaap_AdditionalPaidInCapitalCommonStock 106,672us-gaap_AdditionalPaidInCapitalCommonStock
Accumulated other comprehensive income 84,884us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 81,662us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Retained earnings 317,931us-gaap_RetainedEarningsAccumulatedDeficit 300,989us-gaap_RetainedEarningsAccumulatedDeficit
Total stockholders' equity 527,199us-gaap_StockholdersEquity 502,886us-gaap_StockholdersEquity
Total liabilities and stockholders' equity $ 1,513,959us-gaap_LiabilitiesAndStockholdersEquity $ 1,497,820us-gaap_LiabilitiesAndStockholdersEquity