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Schedule I - Summary of Investments-Other than Investments in Related Parties
12 Months Ended
Dec. 31, 2016
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, 2016

($ 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
 
$
7,841

 
$
7,830

 
$
7,830

U.S. government-sponsored agencies
 
249,495

 
239,197

 
239,197

Obligations of states and political subdivisions
 
319,663

 
335,757

 
335,757

Commercial mortgage-backed
 
37,964

 
37,572

 
37,572

Residential mortgage-backed
 
102,307

 
96,434

 
96,434

Other asset-backed
 
26,592

 
26,393

 
26,393

Corporate
 
445,663

 
456,516

 
456,516

Total fixed maturity securities
 
1,189,525

 
1,199,699

 
1,199,699

 
 
 
 
 
 
 
Equity securities:
 
 
 
 
 
 
Common stocks:
 
 
 
 
 
 
Financial services
 
22,922

 
35,122

 
35,122

Information technology
 
19,832

 
30,542

 
30,542

Healthcare
 
16,092

 
24,707

 
24,707

Consumer staples
 
13,438

 
19,100

 
19,100

Consumer discretionary
 
14,812

 
22,321

 
22,321

Energy
 
14,276

 
19,071

 
19,071

Industrials
 
13,005

 
24,245

 
24,245

Other
 
13,071

 
18,384

 
18,384

Non-redeemable preferred stocks
 
20,031

 
20,347

 
20,347

Total equity securities
 
147,479

 
213,839

 
213,839

 
 
 
 
 
 
 
Other long-term investments
 
12,506

 
12,506

 
12,506

 
 
 
 
 
 
 
Short-term investments
 
39,670

 
39,670

 
39,670

Total investments
 
$
1,389,180

 
$
1,465,714

 
$
1,465,714