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 ...

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 ...