Selective Insurance (SIGI) Reports Q2 Loss, Lags Revenue Estimates

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 ...