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, Inc. (NASDAQ: SIGI) reported strong first-quarter results with net income of $1.31 per diluted common share and non-GAAP operating income of $1.33 per diluted common share. The Return on Common Equity (ROE) was 11.5%, and non-GAAP operating ROE was 11.7%. NPW increased by 16%, GAAP combined ratio was 98.2%, after-tax net investment income rose by 17%, and book value per common share increased by 2% to $46.17. Selective demonstrated disciplined underwriting and enterprise risk management, attributing elevated loss trends to social inflation impacts. Despite challenging market conditions, the company remains stable, with profitable growth strategies across insurance segments.
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