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 5, 2006

 

 

EMC INSURANCE GROUP INC

(Exact name of registrant as specified in its charter)

 

Iowa

 

0-10956

 

42-6234555

(State or other jurisdiction of incorporation)

 

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

717 Mulberry Street, Des Moines, Iowa

 

50309

(Address of principal executive offices)

 

(Zip Code)

 

(515) 280-2902

(Registrant’s telephone number, including area code)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


 

 

Item 7.01 Regulation FD Disclosure.

 

 

On January 5, 2006, EMC Insurance Group Inc. issued the following press release:

 

EMC INSURANCE GROUP INC. ANNOUNCES

ADDITION OF NEW PARTICIPANT TO THE

MUTUAL REINSURANCE BUREAU POOL

 

DES MOINES, Iowa (January 5, 2006) - EMC Insurance Group Inc. (Nasdaq/NM:EMCI) today confirmed that Country Mutual Insurance Company will become a participant in the Mutual Reinsurance Bureau (MRB) pool effective January 1, 2006. The Company previously announced on November 14, 2005 that Kentucky Farm Bureau Mutual would become a participant in the MRB pool effective January 1, 2006 and that a second company would likely be admitted into the pool effective January 1, 2006. The addition of these two new assuming companies to the MRB pool will strengthen MRB’s surplus base and should favorably impact future marketing efforts. However, there will be a short-term negative impact on earned premiums for EMC Insurance Group’s reinsurance segment since the pool business will now be split between five participants rather than the current three. It should be noted that Country Mutual will only be participating in contracts with no casualty exposures; contracts with casualty exposures will be shared among the other four participants. Details of the November 14, 2005 announcement can be found on the Company’s website at www.emcinsurance.com.

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 entities in Iowa and among the top 60 insurance entities 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 beliefs, assumptions and expectations of the Company’s future performance, taking into account all information currently available to management. These beliefs, assumptions and expectations can change as the result of many possible events or factors, not all of which are known to management. If a change occurs, the Company’s business, financial condition, liquidity, results of operations, plans and objectives may vary materially from those expressed in the forward-looking statements. 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; the adequacy of loss and settlement expense reserves; state and federal legislation and regulations; changes in our industry, interest rates or the performance of financial markets and the general economy; rating agency actions and other risks and uncertainties inherent to the Company’s business. When the Company uses the words “believe”, “expect”, “anticipate”, “estimate”, or similar expressions, it intends to identify forward-looking statements. You should not place undue reliance on these forward-looking statements.

 

 

 


 

 

The information contained in this Current Report shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

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 E. Reese

Mark E. Reese

Senior Vice President and

Chief Financial Officer

 

 

January 5, 2006