EMC Insurance Group Inc. today reported net income of $19.1 million, or 89 cents per share, for the third quarter, compared with $746,000, or 3 cents per share, for the third quarter of 2017. For the nine months ended Sept. 30, EMC reported net income of $14.1 million, compared with $13.1 million for the same period in 2017. Despite a large decline in the amount of catastrophe and storm losses for the first nine months of 2018, net income increased only slightly due to a decline in favorable development on prior years’ reserves and a high level of non-catastrophe losses in the property and casualty insurance segment during the first half of the year, the company said in a release. Catastrophe and storm losses totaled $42.4 million for the first nine months of 2018, compared with $57.9 million for the same period in 2017.