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

12 Months Ended

Dec. 31, 2015

EMC INSURANCE GROUP INC. AND SUBSIDIARIES

Schedule I – Summary of Investments-

Other than Investment in Related Parties

December 31, 2015



($ in thousands)
Type of investment	Cost		Fair value		Amount at which shown in the balance sheet

Securities available-for-sale:
Fixed maturity securities:
U.S. treasury	$	12,566	$	12,589	$	12,589
U.S. government-sponsored agencies	202,486		202,666		202,666
Obligations of states and political subdivisions	319,940		344,359		344,359
Commercial mortgage-backed	44,433		46,108		46,108
Residential mortgage-backed	94,279		88,543		88,543
Other asset-backed	17,000		17,844		17,844
Corporate	439,513		448,916		448,916
Total fixed maturity securities	1,130,217		1,161,025		1,161,025

Equity securities:
Common stocks:
Financial services	24,557		33,955		33,955
Information technology	19,427		28,102		28,102
Healthcare	15,599		25,894		25,894
Consumer staples	11,136		18,200		18,200
Consumer discretionary	10,270		18,923		18,923
Energy	16,384		21,068		21,068
Industrials	11,525		20,416		20,416
Other	17,246		20,683		20,683
Non-redeemable preferred stocks	18,032		19,002		19,002
Total equity securities	144,176		206,243		206,243

Other long-term investments	9,930		9,930		9,930

Short-term investments	38,599		38,599		38,599
Total investments	$	1,322,922	$	1,415,797	$	1,415,797