Selective Insurance (SIGI) Q2 Earnings Miss on Higher Expenses

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 ...