EMC Insurance Group Inc. provided earnings guidance for the second quarter of 2018. Second quarter 2018 results were negatively impacted by a higher than anticipated level of non-catastrophe losses in the property and casualty insurance segment. As a result, the Company expects to report a net loss in the range of $0.26 to $0.22 per share, non-GAAP operating loss in the range of $0.04 to income of $0.00 per share, and a GAAP combined ratio of approximately 109.8% for the second quarter of 2018. Catastrophe and storm losses are expected to be approximately $15.7 million in the property and casualty insurance segment and a relatively low amount of approximately $1.0 million in the reinsurance segment. The Company expects to report favorable development on prior years’ reserves totaling $511,000 in the second quarter of 2018, compared to adverse development totaling $1.7 million in the second quarter of 2017. Based on actual results for the first six months of 2018 and projections for the remainder of the year, management has revised its 2018 non-GAAP operating income guidance from the previous range of $1.10 to $1.30 per share to a range of $0.95 to $1.15 per share. This revised guidance is based on a projected GAAP combined ratio of 103.6% for the year and investment income growth in the low-single digits. The load for catastrophe and storm losses has been reduced to 7.7 percentage points from the previous expectation of 9.0 percentage points; however, the 1.3 point decline in the load for catastrophe and storm losses was offset by an increase in the amount of non-catastrophe losses expected in the property and casualty insurance segment.