Rendering

Component: (Network and Table)
Network
2314301 - Disclosure - ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
(http://www.emcins.com/role/AccumulatedOtherComprehensiveIncomeTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000356130 (http://www.sec.gov/CIK)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
 
Schedule of beginning and ending balances of accumulated other comprehensive income
The following table reconciles, by component, the beginning and ending balances of accumulated other comprehensive income, net of tax.
 
 
Accumulated other comprehensive income by component
($ in thousands)
 
Unrealized
gains (losses) on
available-for-
sale securities
 
Unrecognized
pension and
postretirement
benefit obligations
 
Total
Balance at December 31, 2014
 
$
78,362

 
$
3,300

 
$
81,662

Other comprehensive loss before reclassifications
 
(13,037
)
 
(3,949
)
 
(16,986
)
Amounts reclassified from accumulated other comprehensive income
 
(4,956
)
 
(1,287
)
 
(6,243
)
Other comprehensive loss
 
(17,993
)
 
(5,236
)
 
(23,229
)
Balance at December 31, 2015
 
60,369

 
(1,936
)
 
58,433

Other comprehensive loss before reclassifications
 
(3,885
)
 
(881
)
 
(4,766
)
Amounts reclassified from accumulated other comprehensive income
 
(6,736
)
 
(850
)
 
(7,586
)
Other comprehensive loss
 
(10,621
)
 
(1,731
)
 
(12,352
)
Balance at December 31, 2016
 
$
49,748

 
$
(3,667
)
 
$
46,081



  
Amounts reclassified out of accumulated other comprehensive income (loss)
The following tables display amounts reclassified out of accumulated other comprehensive income and into net income during the three years ended December 31, 2016.
($ in thousands)
 
Amounts reclassified from accumulated other comprehensive income
 
 
Accumulated other comprehensive income components
 
Year ended December 31, 2016
 
Affected line item in the consolidated statements of income
Unrealized gains on investments:
 
 
 
 
Reclassification adjustment for realized investment gains included in net income
 
$
10,364

 
Net realized investment gains
Deferred income tax expense
 
(3,628
)
 
Income tax expense, current
Net reclassification adjustment
 
6,736

 
 
 
 
 
 
 
Unrecognized pension and postretirement benefit obligations:
 
 
 
 
Reclassification adjustment for amounts amortized into net periodic pension and postretirement benefit income:
 
 
 
 
Net actuarial loss
 
(2,383
)
 
(1)
Prior service credit
 
3,690

 
(1)
Total before tax
 
1,307

 
 
Deferred income tax expense
 
(457
)
 
Income tax expense, current
Net reclassification adjustment
 
850

 
 
 
 
 
 
 
Total reclassification adjustment
 
$
7,586

 
 
(1)
These reclassified components of accumulated other comprehensive income are included in the computation of net periodic pension and postretirement benefit income (see note 12, Employee Retirement Plans, for additional details).

($ in thousands)
 
Amounts reclassified from accumulated other comprehensive income
 
 
Accumulated other comprehensive income components
 
Year ended December 31, 2015
 
Affected line item in the consolidated statements of income
Unrealized gains on investments:
 
 
 
 
Reclassification adjustment for realized investment gains included in net income
 
$
7,624

 
Net realized investment gains
Deferred income tax expense
 
(2,668
)
 
Income tax expense, current
Net reclassification adjustment
 
4,956

 
 
 
 
 
 
 
Unrecognized pension and postretirement benefit obligations:
 
 
 
 
Reclassification adjustment for amounts amortized into net periodic pension and postretirement benefit income:
 
 
 
 
Net actuarial loss
 
(1,327
)
 
(1)
Prior service credit
 
3,307

 
(1)
Total before tax
 
1,980

 
 
Deferred income tax expense
 
(693
)
 
Income tax expense, current
Net reclassification adjustment
 
1,287

 
 
 
 
 
 
 
Total reclassification adjustment
 
$
6,243

 
 
(1)
These reclassified components of accumulated other comprehensive income are included in the computation of net periodic pension and postretirement benefit income (see note 12, Employee Retirement Plans, for additional details).

($ in thousands)
 
Amounts reclassified from accumulated other comprehensive income
 
 
Accumulated other comprehensive income components
 
Year ended December 31, 2014
 
Affected line item in the consolidated statements of income
Unrealized gains on investments:
 
 
 
 
Reclassification adjustment for realized investment gains included in net income
 
$
7,195

 
Net realized investment gains
Deferred income tax expense
 
(2,518
)
 
Income tax expense, current
Net reclassification adjustment
 
4,677

 
 
 
 
 
 
 
Unrecognized pension and postretirement benefit obligations:
 
 
 
 
Reclassification adjustment for amounts amortized into net periodic pension and postretirement benefit income:
 
 
 
 
Net actuarial loss
 
(578
)
 
(1)
Prior service credit
 
3,307

 
(1)
Total before tax
 
2,729

 
 
Deferred income tax expense
 
(955
)
 
Income tax expense, current
Net reclassification adjustment
 
1,774

 
 
 
 
 
 
 
Total reclassification adjustment
 
$
6,451

 
 
(1)
These reclassified components of accumulated other comprehensive income are included in the computation of net periodic pension and postretirement benefit income (see note 12, Employee Retirement Plans, for additional details).