EMC Insurance Group Inc. Declares 71st Consecutive Quarterly Dividend

Business Wire, August 18, 1999

DES MOINES, Iowa--(BUSINESS WIRE)--Aug. 18, 1999--

The Board of Directors of EMC Insurance Group Inc. (Nasdaq/NM:EMCI) has declared a quarterly dividend of fifteen (15) cents per share of common stock payable September 15, 1999 to shareholders of record as of September 1, 1999.

This is the seventy-first consecutive quarterly dividend paid since EMC Insurance Group Inc. became a publicly held company in February 1982.

EMC Insurance Group Inc. is a publicly held insurance holding company headquartered in Des Moines, Iowa. It owns subsidiaries in property and casualty insurance and reinsurance.

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 expectations and actual results of the Company may differ materially from such expectations. 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; state and federal legislation and regulations; changes in the demand for, pricing of, or supply of insurance or reinsurance; changes in interest rates and the performance of financial markets; the adequacy of loss and settlement expense reserves, including asbestos and environmental claims; failure of Year 2000 compliance by the Company, its vendors or third party service providers; and other risks and uncertainties inherent in the Company's business.