Selective Insurance Misses Q3 Earnings Estimates, Raises Dividend

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 ...