Selective Insurance Group, Inc. (NASDAQ:SIGI) Q2 2024 Earnings Conference Call July 19, 2024 5:00 PM ET Company Participants Brad Wilson - SVP, IR and Treasurer John Marchioni - Chairman, President and CEO Tony Harnett - SVP, CAO and Interim CFO Conference Call Participants Mike Phillips - Oppenheimer Michael Zaremski - BMO Paul Newsome - Piper Sandler Grace Carter - Bank of America Scott Heleniak - RBC Capital Markets Operator Good day, and thank you for standing by. Welcome to Selective's Second Quarter 2 ...

Selective Insurance Group, Inc. (SIGI) reported second-quarter 2024 operating loss of $1.10 per share against the Zacks Consensus Estimate for earnings of $1.56. The company had reported an operating income of 99 cents per share in the prior-year quarter. Behind the Headlines On a year-over-year basis, net premium written (NPW) increased 13% to $1.22 billion, driven by new business growth and effective management of renewal portfolio and growth across all three insurance segments. The figure matched our est ...

For the quarter ended June 2024, Selective Insurance (SIGI) reported revenue of $1.19 billion, up 14.2% over the same period last year. EPS came in at -$1.10, compared to $0.99 in the year-ago quarter. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Underwriting expense ratio: 30.3% versus 31.4% estimated by four analysts on average. Combined ratio: 116.1% vers ...

This quarterly report represents an earnings surprise of -170.51%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.88 per share when it actually produced earnings of $1.33, delivering a surprise of -29.26%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Selective Insurance has underperformed the market so fa ...

Exhibit 99.2 Forward-Looking Statements Factors that could cause our actual results to differ materially from what we project, forecast, or estimate in forward-looking statements include, without limitation: • Challenging conditions in the economy, global capital markets, the banking sector, and commercial real estate, including prolonged higher inflation, could increase loss costs and negatively impact investment portfolios; • Deterioration in the public debt, public equity, or private investment markets t ...

Selective's Board of Directors declared: A GAAP combined ratio of 101.5%, up five points from our prior guidance of 96.5%. Our combined ratio estimate includes net catastrophe losses of 5.5 points, up from prior guidance of 5.0 points. Our combined ratio estimate assumes no additional prior year casualty reserve development; After-tax net investment income of $360 million that includes $32 million from alternative investments; An overall effective tax rate of approximately 21.0%, which assumes an effective ...

BRANCHVILLE, N.J., July 2, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (Nasdaq: SIGI) will announce its second quarter financial results on Thursday, July 25, 2024, after market close. The press release and financial supplement will be available on the Investors page of Selective's website. A conference call to discuss the results will be held on Friday, July 26, 2024, at 8:00 AM ET. This call will be webcast live and accessible on Selective's website at www.Selective.com. A replay will be availabl ...

With Ms. Sampson's appointment, Selective's Board of Directors will expand from 12 to 13 members before expected retirements. BRANCHVILLE, N.J., July 1, 2024 /PRNewswire/ -- Selective Insurance Group, Inc. (NASDAQ: SIGI) today announced the appointment of Kate Sampson to the Board of Directors, effective July 1, 2024. Brings Over 25 Years of Insurance, Risk Management, and Technology Experience Kate Sampson Named as New Independent DirectorKate Sampson Named as New Independent Director She has served on the ...

Growth Projections The expected long-term earnings growth rate is 16.2%, outperforming the industry average of 10.2%. Image Source: Zacks Investment Research Steady betterment of premiums, improved net investment income and higher other income have resulted in topline improvement. Over the past seven years (2017-2023), total revenues witnessed a CAGR of 8%. Riding on a solid capital position, the company has been hiking dividends, which registered a nine-year (2015- 2023) CAGR of nearly 8.8%. It had $84.2 m ...

Selective Insurance Group, Inc. (NASDAQ:SIGI) Q1 2024 Results Conference Call May 2, 2024 11:00 AM ET Company Participants Brad Wilson - SVP, IR and Treasurer John Marchioni - Chairman, President and Chief Executive Officer Tony Harnett - SVP, Chief Accounting Officer and Interim Chief Financial Officer Conference Call Participants Mike Zaremski - BMO Capital Markets Michael Phillips - Oppenheimer Dean Criscitiello - KBW Matt Carletti - Citizens JMP Grace Carter - Bank of America Bob Farnam - Janney Operato ...