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) announced the appointment of four new independent directors, effective September 23, 2020. The new board members, Ainar D. Aijala, Jr., Lisa Rojas Bacus, Wole C. Coaxum, and Stephen C. Mills, bring diverse expertise in finance, marketing, and corporate development. This expansion increases the board from 13 to 17 members, reflecting the company's commitment to enhancing diversity and innovation. The new directors are expected to help the company capitalize on growth opportunities and strengthen its strategic objectives.
Selective Insurance Group announced that executives John J. Marchioni and Mark A. Wilcox will present at the 2020 Keefe, Bruyette & Woods Virtual Insurance Conference on September 10, 2020, at 1:50 p.m. (ET). The presentation will be available for live streaming on www.Selective.com. A replay will be accessible until October 10, 2020. Selective offers various insurance products through independent agents and is recognized as one of "America's Best Mid-Size Employers" by Forbes.
Selective Insurance Group reported Q2 2020 results with a 3% increase in net premiums written to $724.8 million, despite elevated catastrophe losses totaling $83 million. The GAAP combined ratio was 98.4%, and net income per diluted share was $0.57. The company faced challenges due to COVID-19 affecting underwriting operations, incurring $9.6 million in related costs. Book value per share rose 9.5% to $38.43. The revised full-year guidance indicates a combined ratio of 90%-91% excluding catastrophe losses, showing some operational resilience amidst adversity.