The Company’s GAAP combined ratio was 99.3 percent in the third quarter of 2012 compared to 116.6 percent in the third quarter of 2011. For the nine months ended September 30, 2012, the GAAP combined ratio was 101.8 percent compared to 121.0 percent in 2011.At September 30, 2012, consolidated assets totaled $1.3 billion, including $1.2 billion in the investment portfolio, and stockholders’ equity totaled $392.6 million, an increase of 11.4 percent from December 31, 2011. Net book value of the Company’s stock increased to $30.46 per share from $27.37 per share at December 31, 2011. Book value excluding accumulated other comprehensive income increased to $26.59 per share from $25.25 per share at December 31, 2011.
EMC Insurance Group Inc. Reports 2012 Third Quarter And Nine Month Results
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