Welcome to our dedicated page for Selective Ins news (Ticker: SIGI), a resource for investors and traders seeking the latest updates and insights on Selective Ins stock.
Selective Insurance Group, Inc. (Nasdaq: SIGI) is a Branchville, New Jersey-based holding company for 10 property and casualty insurance companies operating in the direct property and casualty insurance carriers industry. This news page aggregates coverage and company-issued updates related to Selective’s commercial lines, personal lines, excess and surplus lines, and investment activities.
News about Selective often includes quarterly and annual financial results, where the company reports metrics such as net premiums written, combined ratios, net investment income, and return on equity for its insurance and investment segments. Earnings releases also discuss segment performance across standard commercial lines, standard personal lines, and excess and surplus lines, along with commentary on pricing actions, catastrophe losses, reserve development, and capital management decisions such as dividends and share repurchase authorizations.
Investors and observers can also find corporate governance and leadership updates, including changes to the Board of Directors, committee appointments, and senior executive transitions. For example, recent communications have covered director appointments and retirements in key actuarial roles, reflecting the company’s focus on actuarial reserving, pricing, and data analytics capabilities.
Additional news items highlight rating agency actions and investor relations events. AM Best’s affirmations of Selective’s A+ (Superior) financial strength ratings and related issuer credit ratings are announced via press releases, while conference participation and scheduled earnings calls are communicated in advance through investor updates.
This page serves as a central location to review Selective Insurance Group’s latest public announcements and third-party news coverage related to its property and casualty insurance operations, financial performance, ratings, and corporate governance. Users interested in SIGI can use this feed to monitor how underwriting results, investment income, and strategic decisions are described in the company’s own releases and in external reports.
Selective Insurance Group (NASDAQ: SIGI) is set to release its second quarter 2021 financial results on July 28, 2021, after market close. Following this, a conference call will be held on July 29, 2021, at 10:00 a.m. ET to discuss the results. The call will be available via webcast on Selective's website, along with a press release and financial supplement. A replay will be accessible from July 29 to August 28, 2021. Selective is a leading holding company with an "A" rating from AM Best for its insurance subsidiaries.
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Selective Insurance Group reported strong Q1 2021 results, with net income per diluted share of $1.77 and non-GAAP operating income of $1.70. Net premiums written rose 23% to $798.2 million, driven by a 28% increase in commercial lines. The combined ratio improved to 89.3%, reflecting favorable reserve development. The company's robust capital position supports ongoing growth. Full-year guidance was revised, anticipating a GAAP combined ratio of 90% and after-tax net investment income of $195 million.
Selective Insurance announced that 24 employees have received the Certified Praesidium Guardian designation, the largest group in the insurance industry. The certification underscores a commitment to sexual abuse prevention, with an additional 21 employees in training. Since partnering with Praesidium in 2018, Selective has developed a risk management program aimed at preventing abuse in community and public service organizations. The program includes tools and training resources for customers to implement best practices for safeguarding vulnerable populations.
Selective Insurance Group has released a survey revealing that 87% of U.S. drivers engaged in distracted driving behaviors recently. Among parents with children, 80% admit to driving distraction-free only sometimes. Despite 81% of adults expressing concern over distracted driving, 68% still text, 66% reach for items, and 59% talk on the phone while driving. Selective emphasizes the need for awareness and change to enhance roadway safety, launching campaigns to combat this issue.
Selective Insurance Group (NASDAQ: SIGI) announced its first quarter 2021 financial results will be released after market close on April 28, 2021. A conference call is scheduled for April 29, 2021, at 10:00 a.m. ET to discuss these results. The call will be webcast live on the company's website, and a press release along with a financial supplement will also be available post-market close. A replay of the conference call will be accessible from April 29 through May 28, 2021.
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Middle Tennessee State University students have won Selective's annual College Competition, which allows aspiring insurance professionals to simulate running an insurance agency. The competition involved eight teams competing in a month-long challenge focused on aspects like customer service, sales, and financial management. The winning MTSU team exhibited exceptional strategic decision-making and business management skills. This initiative highlights Selective's commitment to education in the insurance field, offering students valuable mentorship from industry professionals to better prepare them for future careers.
Selective Insurance Group (NASDAQ: SIGI) will be represented by CEO John J. Marchioni and CFO Mark Wilcox at the Bank of America Securities 2021 Insurance Conference on February 11, 2021, at 9:00 a.m. ET. This event will be streamed live, allowing investors to listen via Selective's Investors page. A replay will be available on the website until May 11, 2021. Selective is recognized for its strong insurance ratings and awards, including being named a Great Place to Work® in 2020.