Selective Insurance Group, Inc. (SIGI) reported third-quarter 2024 operating income of $1.40 per share, which missed the Zacks Consensus Estimate by 17.1%. The bottom line decreased 7% from the year-ago quarter.The quarterly results reflected average renewal pure price increases and stable retention across Standard Commercial Lines and Excess & Surplus Lines. Soft performance at Standard Personal Lines, higher catastrophe losses and poor underwriting income were offsets.Behind the Headlines  Total revenues ...

For the quarter ended September 2024, Selective Insurance (SIGI) reported revenue of $1.24 billion, up 13.9% over the same period last year. EPS came in at $1.40, compared to $1.51 in the year-ago quarter.The reported revenue represents a surprise of -0.42% over the Zacks Consensus Estimate of $1.24 billion. With the consensus EPS estimate being $1.69, the EPS surprise was -17.16%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Selective Insurance (SIGI) came out with quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -17.16%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.56 per share when it actually produced a loss of $1.10, delivering a surprise of -170.51%. Over the last fo ...

Exhibit 99.2 FINANCIAL SUPPLEMENT THIRD QUARTER 2024 Forward-Looking Statements Certain statements in this report, including information incorporated by reference, are "forward-looking statements" defined in the Private Securities Litigation Reform Act of 1995 ("PSLRA"). The PSLRA provides a forward-looking statement safe harbor under the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements discuss our intentions, beliefs, projections, estimations, or forecasts of future events a ...

In its upcoming report, Selective Insurance (SIGI) is predicted by Wall Street analysts to post quarterly earnings of $1.68 per share, reflecting an increase of 11.3% compared to the same period last year. Revenues are forecasted to be $1.24 billion, representing a year-over-year increase of 14.3%. The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed th ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Selective Insurance (SIGI) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these key numbers are be ...

Selective Insurance Group, Inc. (SIGI) shares have lost 7.4% in the year-to-date period against the industry's 26% growth. It has also underperformed the Finance sector and the Zacks S&P 500 composite's return of 13.1% and 17.9%, respectively, in the said time frame. SIGI Lags Industry, Sector and S&P Image Source: Zacks Investment Research Selective Insurance has been grappling with higher expenses over the years, primarily due to increasing loss and loss expense incurred and amortization of deferred polic ...

Branchville, N.J., Aug. 29, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (Nasdaq: SIGI) announced today that John J. Marchioni, Chairman, President and Chief Executive Officer, will present at the 2024 Keefe, Bruyette & Woods Insurance Conference on Wednesday, September 4, 2024 at 11:35 AM ET. Investors can listen live to Selective's presentation or access a recording by visiting the Investors page of www.Selective.com through October 4, 2024. About Selective Insurance Group, Inc. Selective Insuranc ...

This resilience primarily stems from the consistent performance of its commercial and Excess and Surplus (E&S) insurance segments. However, the personal segment has faced challenges due to recent inflationary pressures, intense market competition, and the impact of catastrophic events over the same period. Nonetheless, investors seem to have overlooked the overperformance of Selective Insurance. Are they right? Potentially. First things first, people who are willing to invest in any property and casualty in ...

Table of Contents New Jersey 22-2168890 Title of each class Trading Symbol (s) Name of each exchange on which registered Common Stock, par value $2 per share SIGI The Nasdaq Stock Market LLC Depositary Shares, each representing a 1/1,000th interest in a share of 4.60% Non-Cumulative Preferred Stock, Series B, without par value SIGIP The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...