Employers Mutual Casualty Company was founded in 1911, in Des Moines Iowa. In 1974, the company incorporated, and then became a publicly held exchange in 1982. The company sells auto, home, life and business insurance lines, with approximately 80% of their policies issued to commercial buyers.
A.M. Best gives EMC an A-, or excellent, rating. What this rating means is that long term insurance policies such as home and life insurance have little to fear from the company financially. For investors, the rating is an indication that they are buying into a company with a solid foundation that is poised for future growth. The company owns more than $3 billion in assets and has received more than $1.5 billion in policy premiums.
EMC Insurance Reviews
EMC is rated at nearly 20% customer satisfaction in online surveys. This rating deserves some notation however, as a majority of online reviews are placed by customers who are either paid to make negative reviews by competitors or who were genuinely unhappy with the company. Customers who are satisfied with the service they receive are often less likely to take the time participate in such reviews.
EMC is available throughout the 50 United States, plus in Washington DC. EMC is almost exclusively distributed through independent agents and brokers. What this means to you, as an insurance policy owner, is that your policy can either follow you or be modified to meet existing state laws no matter where you go in the country.
The Bottom Line
EMC is a stable insurance company, relatively well-liked by its customers, and hi8ghly regarded by their competitors. The company has a long history of financial stability, making them a safe company for underwriting long-term policies such as home and life insurance. For investors, the company is publicly traded under the "EMCI" ticker symbol.