Selective Insurance Q4 Earnings Miss Estimates on Poor Underwriting

Selective Insurance Group, Inc. (SIGI) reported fourth-quarter 2024 operating income of $1.62 per share, which missed the Zacks Consensus Estimate by 18.1%. The bottom line decreased 16% 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 expenses and poor underwriting income were offsets.See the Zacks Earnings Calendar to stay ahead ...