continuity in reinsurance june 2016

CONTINUITY IN REINSURANCE

JUNE 2016

EMC INSURANCE COMPANIES

Bismarck

Phoenix

Jackson

Charlotte

Wichita

Birmingham

Denver

Minneapolis Milwaukee

Des Moines

Kansas City

Davenport Valley Forge

Little Rock

Dallas

Omaha

Chicago

Cincinnati

Providence

Lansing

Home Offce and Des Moines Branch

Branch Offces

Service Offces

LOCATIONS

2

3

EMC INSURANCE COMPANIES COMPANY STRUCTURE

Employers Mutual Casualty Company

EMC National Life Mutual Holding

Company

EMC National Life Marketing Services LLC

EMC National Life

Company

Hamilton Mutual Insurance Company

EMCC

EMC Property amp Casualty Company

Illinois EMCASCO Insurance

Company

EMCASCO Insurance Company

EMC Underwriters LLC

Union Insurance Company of Providence

EMC Risk Services LLC

EMC Insurance Group Inc

EMC Reinsurance

Company

Dakota Fire Insurance Company

Employers Mutual Casualty Company and its affliated companies operate under the trade name EMC Insurance Companies EMC Insurance Group Inc (EMCI) is a publicly held holding company that generates results from property and casualty insurance and reinsurance through subsidiary companies including EMC Reinsurance Company

EMC INSURANCE COMPANIES OVERVIEW

bull Organized in 1911

bull Writing voluntary assumed business since the 1950s with a continuous and ongoing reinsurance arrangement with our oldest client

bull Licensed in all 50 states

bull $1575 billion surplus

bull A (Excellent) AM Best rating

bull Direct operations consist of 90 commercial lines and 10 personal lines

bull More than 2200 employees countrywide including more than 1100 in Des Moines and 24 in EMC Reinsurance

bull EMC Insurance Group Inc named one of the 50 Most Trustworthy Financial Companies by Forbes in 2016

bull Assumed Reinsurance represents 78 of EMC consolidated premium and 209 of public company premium

bull Top 50 insurance companies based on net written premium

bull One of the largest property and casualty insurance entities in Iowa

bull Member of the Independent Insurance Agents amp Brokers of America (Big ldquoIrdquo) Trusted Choicereg brand initiative

As of June 30 2016

For the latest rating access wwwambestcom

4

EMC INSURANCE COMPANIES FINANCIALS

$14

236

52

$0

$200000

$400000

$600000

$800000

$1000000

$1200000

$1400000

$586

968

$665

683

$769

826 $9

234

85

$10

551

14

$848

575

$10

008

07

$10

795

90

$10

332

33

$11

169

33

$13

091

28 $1

505

239

$1500000

2015

Q2 2016

$15

751

27 $1600000

Policyholder Surplus ($000)

Years

Bests Capital Adequacy Ratio EMC Consolidated 3048 EMC Reinsurance 2930

5


Direct Production 12 Months Ended Dec 31 2015

Commercial Commercial Auto Liability

$367558907 $329044833 (23) (21)

Commercial PropertyWork Comp

$403567002$309654565 (25)(20)

Bonds $29704504 Personal

(2) Property $67743780

(4)

Personal Auto

$73801744 (5)

Total Direct Controlled Premium $1581075335

6

7


Industry Segment Balance

270 All Other

bull TransportationPublic Utility bull Manufacturing bull FinanceInsurance

95 Retail

bull Grocery Stores bull C-Stores bull Car Dealers

103 Wholesale

bull Petroleum bull MachineryEquipment 98 bull Durable Goods

Public Admin bull City Government bull Townships bull County Governments

224 Services bull Schools bull Auto Repair bull HotelMotel

210 Construction

bull PlumbingHVAC bull Electrical bull Residential Construction

bull Noindustrysegmentdominatesourbook

bull Lesschanceofdramaticimpactduetochangesinregulatoryoreconomicenvironment

EMC

REINSURANCE COMPANY

8

9

EMC REINSURANCE COMPANY OVERVIEW

Our mission is to be a stable secure and committed market especially during times of adversity by delivering service that enables

our partners and EMC Reinsurance to be mutually successful

bull Uses Employers Mutual Casualty Company (EMCC) paper to write assumed reinsurance business

bull Established in 1981 with $5 million contributed surplus (EMCC has been assuming reinsurance since the 1950s)

bull Reinsurance business is produced through intermediaries and pools

bull Over 500 contracts written for over 300 client companies

bull Reinsurance written premium volume $124503973

bull EMC Reinsurance surplus $201716082

bull Electronic funds transfer (EFT) capability to speed claim payments

bull Foreign currency EFT also available


bull Guideline maximum on any one program is $25 million

As of Dec 31 2015

As of June 30 2016 (Reinsurance writings to Surplus 0611)


Exceptions apply for key accounts and territorial aggregates where portfolio of business is less concentrated

EMC REINSURANCE COMPANY STRATEGIES

To maintain proftable growth and stability we must

bull Operate in an utmost good-faith manner

bull Put an emphasis on excess of loss business

bull Market for local regional national and international ceding company clients

bull Focus on multiple line reinsurance property casualty crop and marine business

bull Offer a fexible business plan and close-knit experienced staff allows us to move quickly when opportunities arise

bull Adequately reserve to ensure older underwriting years do not adversely impact current yearrsquos operations

bull Use RMS modeling of exposures to measure our exposure to catastrophe loss and purchase reinsurance protection to manage gross catastrophe loss exposure

bull Pay valid reinsurance claims quickly

10

11

ASSUMED REINSURANCE DEPARTMENT ORGANIZATIONAL STRUCTURE

Lori Lenz Assistant Secretary

Reinsurance Accounting Supervisor

Fany Wiranata Senior Reinsurance

Accountant

Kim Siebrands Senior Reinsurance

Accountant

Myrna Long Senior Reinsurance

Accountant

Connie DeBord Reinsurance Accounting

Associate V

Angela Baughman Assistant Vice President UnderwriterAccounting

Manager

Mary Ann Abdallah Reinsurance

Claims Supervisor

Doug Nuehring Assistant Secretary Senior Reinsurance

Account Underwriter

Jason Larreau Senior Reinsurance

Claims Adjuster

Vicki Wiebelhaus Reinsurance

Claims Associate

Terri Wilson Reinsurance Assistant

Claims Adjuster

Laveta Bigner Imaging Associate

Joni Frantz Reinsurance

Claims Supervisor

Kent McCampbell Assistant Secretary Assistant Marketing

Manager

Tara Inghram Assistant Secretary Senior Reinsurance

Pricing Analyst

Zach Antle Reinsurance

Catastrophe Risk Analyst

Dawn Rizzi Assistant Secretary Senior Reinsurance

Account Underwriter

Brian Kraft Reinsurance Account

Underwriter

Carmen Holcomb Reinsurance Underwriting

Analyst

Alex Denker Reinsurance Pricing

Underwriter

Marcus Severson Reinsurance Underwriting

Analyst

Jim Klier Reinsurance Underwriting

Assistant

Deb Smith Reinsurance Support

Specialist

Vicki Freese Vice PresidentReinsurance

EMC REINSURANCE UNDERWRITING STAFF

Vicki Freese CPCU ARe EMCC Vice PresidentReinsurance EMC Re President amp COO vickilfreeseemcinscom 515-345-2980

Angela Baughman UnderwriterAccounting Manager angelambaughmanemcinscom 515-345-2213

Kent McCampbell CPCU ARe Assistant Marketing Manager kentlmccampbellemcinscom 515-345-2161

Doug Nuehring CPCU ARe AIAF Senior Reinsurance Account Underwriter dougwnuehringemcinscom 515-345-7326

Dawn Rizzi Senior Reinsurance Account Underwriter dawnmrizziemcinscom 515-345-4576

Tara Inghram CPCU ARe AU AIM Senior Reinsurance Pricing Analyst taralinghramemcinscom 515-345-4529

Brian Kraft CPCU Reinsurance Account Underwriter brianlkraftemcinscom 515-345-2046

Alex Denker ARe Reinsurance Pricing Underwriter alexwdenkeremcinscom 515-345-2659

12

13

EMC REINSURANCE COMPANY FINANCIALS

Split of Business

Earned Premium in 2015 $123069473 Earned Premium in 2005 $94460204

Crop CropMarineSpaceMarineSpace 17 42

7636 Casualty InternationalInternational 278 59 Casualty

124 219

PropertyPro Rata

110 PropertyPro Rata 298

Property XS306Property XS

435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14


Net Assumed Writings

0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0


Past Catastrophe Experience (losses in excess of $35 million)

M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W

i l d fi r e s ndash 2 0 1 6

TianjinExplo

Net Incurred Loss Gross Incurred Loss

16

A l b e r t a W

i l d fi r e s


Losses as a Percent of Industry Losses

0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n

PCS Estimates at Dec 31 2015

EMC Re Losses at June 30 2016

17

160

0

20

40

60

80

100

120

140

EMC REINSURANCE COMPANY

Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS

EMC Reinsurance vs Reinsurance Industry

2015

EMC Re RAA

The Reinsurance Association of America (RAA) is the leading trade association of property and casualty reinsurers doing business in the United States wwwreinsuranceorg

18

19

DES MOINES FACTS The early settlers of Des Moines frst named the area ldquoMoingonardquo which is a Native American word meaning ldquoriver of the moundrdquo French settlers changed the name to ldquoDes Moinesrdquo which means ldquothe middlerdquo The term is commonly understood to refer to the principal river between the Mississippi and the Missouri rivers

Area 772 square miles

Population 207510 (108th Largest City in the United States)

611549 (Des Moines metro area)

Unemployment rate 44 (February 2015)

66 insurance companiesrsquo headquarters

3rd largest insurance center (after London England and Hartford Conn)

Major industries Finance and insurance government manufacturing trade and service

37-mile skywalk system started in 1980s and is one of the largest in the United States

Located in the Midwest 326 miles west of Chicago Ill 189 miles north of Kansas City Mo and 264 miles south of Minneapolis Minn

Ranked No 1 Wealthiest City in America by the TODAY Show (2014)

Ranked No 1 Best Midwest Cities for Young Adults by The Business Journal (2013)

Ranked No 3 Top US Citiesrsquo Emerging Downtowns by Forbes (2013)

Selected as one of the Three Best Cities to Start a Business by Forbes (2013)

Americarsquos Insurance Heavyweights Hartford Conn (Champion) vs Des Moines Iowa (Challenger)

Hartford Des Moines

Metro Area Population 1212381 611549

Insurance Jobs 40500 24100

Insurance Jobs to Population Ratio 130 124

Unemployment Rate 69 44

The Des Moines Register (2013) US Department of Labor Bureau of Labor Statistics (2015)

IOWA FACTS bull Area 56276 square miles (26th largest state)

324 miles wide from east to west 210 miles long from north to south Highest point 1670 ft Lowest point 480 ft

bull Population 3062309mdash2011 (30th largest state)

bull Admitted as a state in 1846 became US property in 1803 as part of the Louisiana Purchase

bull Nickname Hawkeye State bull No 1 state in corn soybean egg and

hog production bull Ranks 3rd in total livestock sales

(CA No 1 TX No 2) bull 41 public and private colleges bull 28 community college campuses bull Ranks No 4 in golf courses per capita (18 holes) bull Ranks No 9 in nation for peacefulness

(Institute for Economics) bull Ranks No 5 - Best US States for Young Adults

(MoneyRates 2013) bull Ranks No 12 - Best States for Business

(Forbes 2013)

Iowa Firsts bull First Basketball Game

(Intercollegiate)mdash1893 bull First Can of Beermdash1935 bull First US Fast-Food Franchisemdash1926 bull First Home Microwave Ovenmdash1967 bull First Train Robbery in History

(Jesse James)mdash1873

Famous Iowans bull Herbert HoovermdashPresident bull John AtanasoffClifford BerrymdashInventors of the

digital computer bull Bill BrysonmdashAuthor of Thunderbolt Kid bull George GallupmdashPollster bull Zach JohnsonmdashPro golfer bull Johnny CarsonmdashNoted talk show host bull George Washington CarvermdashAcclaimed botanist and

humanitarian bull Kurt WarnermdashNFL quarterback bull Ashton KutchermdashActor bull Dan GablemdashKingpin of wrestling bull Fred MaytagmdashDeveloped the agitator washing

machine bull Salvatore A GiuntamdashMedal of Honor winner bull John WaynemdashAcademy Award-winning actor bull Elijah WoodmdashActor bull Lolo JonesmdashProfessional track athlete amp Olympic

bobsledder bull Tom ArnoldmdashActor bull Glenn MillermdashOrchestra leader bull Cloris LeachmanmdashActress bull Shawn JohnsonmdashOlympic gymnast

EMC Reinsurance Company | 717 Mulberry St | Des Moines IA 50309 | 800-447-2295 | wwwemcinscom

copy Copyright Employers Mutual Casualty Company 2016 All rights reserved RE0001 (10-16)

EMC INSURANCE COMPANIES

Bismarck

Phoenix

Jackson

Charlotte

Wichita

Birmingham

Denver

Minneapolis Milwaukee

Des Moines

Kansas City

Davenport Valley Forge

Little Rock

Dallas

Omaha

Chicago

Cincinnati

Providence

Lansing

Home Offce and Des Moines Branch

Branch Offces

Service Offces

LOCATIONS

2

3




Company


EMC National Life

Company


EMCC



Company






EMC Reinsurance

Company
















As of June 30 2016


4


$14

236

52

$0

$200000

$400000

$600000

$800000

$1000000

$1200000

$1400000

$586

968

$665

683

$769

826 $9

234

85

$10

551

14

$848

575

$10

008

07

$10

795

90

$10

332

33

$11

169

33

$13

091

28 $1

505

239

$1500000

2015

Q2 2016

$15

751

27 $1600000


Years


5




$367558907 $329044833 (23) (21)


$403567002$309654565 (25)(20)


(2) Property $67743780

(4)

Personal Auto

$73801744 (5)


6

7



270 All Other


95 Retail


103 Wholesale




210 Construction




EMC

REINSURANCE COMPANY

8

9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











3




Company


EMC National Life

Company


EMCC



Company






EMC Reinsurance

Company
















As of June 30 2016


4


$14

236

52

$0

$200000

$400000

$600000

$800000

$1000000

$1200000

$1400000

$586

968

$665

683

$769

826 $9

234

85

$10

551

14

$848

575

$10

008

07

$10

795

90

$10

332

33

$11

169

33

$13

091

28 $1

505

239

$1500000

2015

Q2 2016

$15

751

27 $1600000


Years


5




$367558907 $329044833 (23) (21)


$403567002$309654565 (25)(20)


(2) Property $67743780

(4)

Personal Auto

$73801744 (5)


6

7



270 All Other


95 Retail


103 Wholesale




210 Construction




EMC

REINSURANCE COMPANY

8

9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)
























As of June 30 2016


4


$14

236

52

$0

$200000

$400000

$600000

$800000

$1000000

$1200000

$1400000

$586

968

$665

683

$769

826 $9

234

85

$10

551

14

$848

575

$10

008

07

$10

795

90

$10

332

33

$11

169

33

$13

091

28 $1

505

239

$1500000

2015

Q2 2016

$15

751

27 $1600000


Years


5




$367558907 $329044833 (23) (21)


$403567002$309654565 (25)(20)


(2) Property $67743780

(4)

Personal Auto

$73801744 (5)


6

7



270 All Other


95 Retail


103 Wholesale




210 Construction




EMC

REINSURANCE COMPANY

8

9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)












$14

236

52

$0

$200000

$400000

$600000

$800000

$1000000

$1200000

$1400000

$586

968

$665

683

$769

826 $9

234

85

$10

551

14

$848

575

$10

008

07

$10

795

90

$10

332

33

$11

169

33

$13

091

28 $1

505

239

$1500000

2015

Q2 2016

$15

751

27 $1600000


Years


5




$367558907 $329044833 (23) (21)


$403567002$309654565 (25)(20)


(2) Property $67743780

(4)

Personal Auto

$73801744 (5)


6

7



270 All Other


95 Retail


103 Wholesale




210 Construction




EMC

REINSURANCE COMPANY

8

9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

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0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

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9

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0

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5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)














$367558907 $329044833 (23) (21)


$403567002$309654565 (25)(20)


(2) Property $67743780

(4)

Personal Auto

$73801744 (5)


6

7



270 All Other


95 Retail


103 Wholesale




210 Construction




EMC

REINSURANCE COMPANY

8

9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











7



270 All Other


95 Retail


103 Wholesale




210 Construction




EMC

REINSURANCE COMPANY

8

9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











EMC

REINSURANCE COMPANY

8

9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











9














As of Dec 31 2015














10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)





















10

11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











11





Accountant


Accountant


Accountant


Associate V


Manager


Claims Supervisor


Account Underwriter


Claims Adjuster


Claims Associate


Claims Adjuster



Claims Supervisor


Manager


Pricing Analyst




Account Underwriter


Underwriter


Analyst


Underwriter


Analyst


Assistant


Specialist











12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)




















12

13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











13


Split of Business




124 219

PropertyPro Rata



435


Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)












Net Income

-5

0

5

10

15

20

25

146

146

144

-06

156 16

6

-16

164

223

124

Mill

ions

($)

2015

204

Years

14



0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)













0

20

40

60

80

100

120

140

926

662 71

0

736 759 84

0 96

5 107

2

129

0

118

9

2015

124

5

Mill

ions

($)

Years

15

sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











sio

n2015

StormEla ndash 2015

Mill

ions

($)

30

25

20

15

10

5

0



M

711

M

130

8 M

129

9 M

20

59

M

590

M

91

M

133

0 M

20

80

M5

81 M

581

M

610

M

610

M

120

6 M

26

93

M

663

M

667

M

115

6 M

13

75

M7

80 M

780

M

518

M

518

M

100

0 M

100

0

M4

00 M

400

M

469

M

469

M

117

9 M

16

50

M4

00 M

400

M4

20 M

4

20 M3

50 M

3

50ndash

A l b e r t a W


TianjinExplo


16

A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











A l b e r t a W

i l d fi r e s



0180

0160

0140

0120

0100

0080

0060

0040

0020

0000

011

1

007

8

008

6

006

6

011

9

011

0

014

5

008

2

010

0

006

7

T i a n j i

n E x p l o s i

o n



17

160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











160

0

20

40

60

80

100

120

140


Com

bine

d Ra

tios

ndash Tr

ade

Basi

s

FINANCIALS


2015

EMC Re RAA


18

19
















Hartford Des Moines















(Forbes 2013)











19
















Hartford Des Moines















(Forbes 2013)




















(Forbes 2013)











continuity in reinsurance june 2016

Documents