Selective Ins Stock Price, News & Analysis

Selective Insurance Group (NASDAQ: SIGI) has announced that Brenda M. Hall, Executive Vice President and Chief Operating Officer of Standard Lines, will retire effective January 5, 2026. Hall has served the company for 24 years, joining in 2001 as Underwriting Manager for Virginia and progressively advancing through various leadership roles. Her most recent appointment as EVP and COO of Standard Lines came in 2021.

During her tenure, Hall played a crucial role in integrating predictive modeling into underwriting operations and developing the company's growth strategy. She was instrumental in advancing Selective's field model and culture of relationships, analytics, and service excellence. The company will begin the process of identifying a successor for her position.

Selective Insurance Group (NASDAQ: SIGI) reported strong Q1 2025 financial results with net income per diluted share of $1.76 and a Return on Common Equity (ROE) of 14.4%. The company achieved a combined ratio of 96.1%, improving 2.1 points from 98.2% in Q1 2024.

Key highlights include:

• Net premiums written increased 7% to $1.24 billion
• Net investment income grew 12% to $96 million after-tax
• Commercial Lines renewal pure price increases averaged 9.1%
• Book value per common share rose 5% to $50.33

The company's Standard Commercial Lines segment, representing 81% of net premiums written, grew 8% with a 96.4% combined ratio. Excess and Surplus Lines showed strong growth of 20% with a 92.5% combined ratio. The company maintains its full-year 2025 guidance with an expected GAAP combined ratio of 96% to 97%.

Selective Insurance Group (Nasdaq: SIGI) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 23, 2025, after the market closes. The company will release both a press release and financial supplement on their website's Investors page.

A conference call discussing the results is planned for Thursday, April 24, 2025, at 8:00 AM ET. The call will be available via live webcast on www.Selective.com, with a replay accessible from April 24 to May 23, 2025.

Selective Insurance Group (NASDAQ: SIGI) has successfully closed a $400 million senior notes offering with a 5.900% interest rate, maturing in 2035. The net proceeds will be utilized for general corporate purposes and supporting organic growth opportunities.

The offering has increased Selective's debt-to-capital ratio from 14% to approximately 22%. The company's CFO, Patrick S. Brennan, emphasized that this offering demonstrates their confidence in earning attractive shareholder returns and reflects their strong financial position.

The offering was executed through joint book-running managers Goldman Sachs & Co. , BofA Securities, Inc., and Wells Fargo Securities, , and was conducted under an effective shelf registration statement on Form S-3 filed with the SEC.

Selective Insurance Group (NASDAQ: SIGI) reported fourth quarter 2024 results with net income of $1.52 per diluted share and non-GAAP operating income of $1.62 per share. The company achieved a 10% increase in net premiums written compared to Q4 2023, with Commercial Lines renewal pure price increases averaging 8.8%.

Key Q4 2024 metrics include a GAAP combined ratio of 98.5%, after-tax net investment income of $97 million (up 24% year-over-year), and book value per common share of $47.99. The company faced challenges with $100 million in net unfavorable prior year casualty reserve development, which increased the combined ratio by 8.8 points.

For full-year 2024, Selective reported net income of $3.23 per diluted share and a combined ratio of 103.0%. The company achieved significant growth in Excess & Surplus Lines, exceeding $500 million in NPW, and expanded its Standard Commercial Lines to five additional states.

Selective Insurance Group (Nasdaq: SIGI) has scheduled its fourth quarter 2024 financial results announcement for Wednesday, January 29, 2025, after the market closes. The company will make the press release and financial supplement available on the Investors section of their website.

A conference call to discuss the results is scheduled for Thursday, January 30, 2025, at 8:30 AM ET. The call will be webcast live on www.Selective.com, with a replay available from January 30 to February 28, 2025.

Selective Insurance Group, Inc. (NASDAQ: SIGI) reported third quarter 2024 results with net income of $1.47 per diluted common share and non-GAAP operating income of $1.40 per diluted common share. The company achieved a Return on Common Equity (ROE) of 12.6% and a non-GAAP Operating ROE of 12.1%. Key highlights include:

- Net premiums written (NPW) increased 9% from Q3 2023
- GAAP combined ratio was 99.5%, up from 96.8% in Q3 2023
- Net catastrophe losses increased the combined ratio by 13.4 points
- Commercial Lines renewal pure price increases averaged 9.1%
- After-tax net investment income was $93 million, up 16% year-over-year
- Book value per common share increased 9% to $48.82
- Quarterly dividend increased 9% to $0.38 per common share

The company maintained a strong capital position and expanded its Standard Commercial Lines footprint to 35 states. Despite elevated catastrophe losses, Selective reported solid underlying performance, reflecting disciplined underwriting and pricing actions.

Selective Insurance Group, Inc. (Nasdaq: SIGI) has announced its schedule for releasing third quarter 2024 financial results. The company will disclose its earnings on Monday, October 21, 2024, after market close. Following the release, Selective will host a conference call on Tuesday, October 22, 2024, at 8:30 AM ET to discuss the results.

Investors and interested parties can access the press release and financial supplement on the Investors page of Selective's website. The conference call will be webcast live and accessible through www.Selective.com. For those unable to attend the live event, a replay will be available on the website from October 22 to November 21, 2024.

Selective Insurance Group, Inc. (NASDAQ: SIGI) has announced the appointment of Patrick S. Brennan as Chief Financial Officer, effective October 1, 2024. Brennan brings nearly two decades of insurance industry and public company executive experience, most recently serving as Treasurer of The Progressive In his previous role, he oversaw treasury, capital strategy, risk management, and investor relations functions.

John J. Marchioni, Selective's Chairman, President and CEO, expressed excitement about Brennan joining the company, citing his significant experience in insurance and corporate finance as ideal for overseeing the execution of financial priorities supporting long-term strategic objectives. Brennan expressed his honor in joining Selective and his excitement to work with the leadership team to build on the company's strong foundation for continued profitability, growth, and value creation.

With Brennan's appointment, Tony Harnett will continue as Selective's Senior Vice President, Chief Accounting Officer. Marchioni thanked Harnett for his service as interim CFO and his continued leadership.