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. reports developments in property and casualty insurance through a holding-company structure that includes 10 insurance subsidiaries. The companies distribute standard commercial and personal insurance through independent agents, write specialty commercial insurance, and offer flood insurance through the National Flood Insurance Program's Write Your Own Program.
Recurring SIGI news centers on quarterly operating results, net premiums written, renewal pricing, retention, combined ratios, catastrophe losses, reserve development, ROE, book value, dividends and share repurchases. Updates also include AM Best credit-rating actions, executive and board changes, investor conference presentations, and strategy across Standard Commercial Lines, Standard Personal Lines, Excess and Surplus Lines and Investments.
Selective Insurance Group (NASDAQ: SIGI) reported strong Q2 2021 results, with net income per diluted share at $1.98, up 247% year-over-year. Non-GAAP operating income was $1.85, a 363% increase. The annualized non-GAAP operating ROE was 17.1% for the quarter. Net premiums written (NPW) rose 15% to $833.2 million, driven by new business growth and renewal price increases. The combined ratio improved to 89.8%, down 8.6 points. The investments segment contributed significantly to ROE with strong performance. The company is well-positioned for continued growth.
Selective Insurance has launched a new podcast series called Uniquely Small Biz, aimed at small business owners. The podcast features stories from successful entrepreneurs sharing their challenges and achievements. Hosted by Carolyn McArdle, the series encompasses unique insights gathered over 95 years of specializing in small business insurance. The first two episodes spotlight Adam Shapiro, who started Shappy Pretzel Co., and Tobore Oweh, owner of The Petal Effect. The podcast is accessible on major platforms like Apple Podcasts and Spotify.
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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