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 has released findings from a poll that reveals significant distractions drivers experience when traveling with dogs. Conducted by The Harris Poll, the study indicates that 45% of drivers in the West admit to reckless driving behaviors influenced by their dogs, the highest percentage across the U.S. Notably, 94% of licensed dog owners in this region have traveled with their pets in the past year, with 71% doing so weekly. Alarmingly, 23% of Western drivers report a lack of awareness of their surroundings while driving with their dogs, and 13% acknowledge being involved in accidents due to this distraction. In response, Selective Insurance provided 1,000 complimentary dog seatbelts to promote safety. The survey included data from 2,044 U.S. adults, focusing on those who have driven with dogs in the last 12 months.
Selective Insurance Group, Inc. (NASDAQ: SIGI) will announce its first quarter 2023 financial results on May 3, 2023, after market close. The financial details will be available on the Investors page of Selective's website. A conference call to discuss these results is scheduled for May 4, 2023, at 10:00 a.m. ET, which will be webcast live on Selective's website. A replay will be accessible from May 4 to June 2, 2023.
Selective Insurance is a holding company for 10 property and casualty insurance companies, all rated "A+" (Superior) by AM Best. They provide standard and specialty insurance products for commercial and personal risks, including flood insurance through the National Flood Insurance Program.
On February 27, 2023, Selective Insurance announced the winner of its 2023 College Competition, held at the University of North Carolina at Charlotte, where students gained practical experience in simulated insurance operations. Indiana State University and Illinois State University secured second and third places, respectively. The competition, which aims to prepare the next generation of insurance professionals, provides monetary donations to the chapters of Gamma Iota Sigma for the top three teams. Selective, a leading provider of property and casualty insurance, is recognized for its commitment to fostering talent within the insurance industry.
Selective Insurance highlights the significance of Insurance Careers Month on February 22, 2023, emphasizing the industry's role in societal recovery and the vast career opportunities it presents. The informal survey shows 42% of employees joined without prior experience, indicating a diverse workforce. Key benefits of working in insurance include:
- Diverse Roles: Offers a range of positions beyond traditional roles.
- Professional Development: 96% prioritize skill development, with training and mentorship available.
- A Sense of Purpose: Employees aid communities by ensuring valuable assets are protected.
Selective is recognized as a top employer and has an A+ rating from AM Best.
Selective Insurance, based in Branchville, N.J., announced on February 8, 2023, an enhanced management liability insurance suite for not-for-profits and private organizations. This new offering includes expanded coverage features such as D&O Liability and EPLI, with unique enhancements like defense costs outside limits for not-for-profits and automatic inclusion of 3rd party liability. Jeff Weaver, Assistant VP of Management Liability Insurance, emphasized the need for flexible solutions to address litigation risks. Selective seeks to support organizations in managing staffing challenges and maintaining financial stability amidst inflation.
Selective Insurance Group (Nasdaq: SIGI) announced that its Chairman and CEO, John J. Marchioni, along with CFO Mark A. Wilcox, will participate in the Bank of America Securities 2023 Financial Services Conference. The event is scheduled for February 15, 2023, from 9:40 a.m. to 10:20 a.m. E.T.. Investors can listen to the live broadcast by visiting www.Selective.com. A replay will be available until May 17, 2023. Selective Insurance is known for its strong rating of "A+" (Superior) by AM Best and offers a range of insurance services through independent agents.
Selective Insurance Group reported significant financial results for Q4 2022, with a return on equity (ROE) of 14.8% and a non-GAAP operating ROE of 15.6%. Despite a 14% increase in net premiums written (NPW) and a combined ratio of 94.7%, net income fell to $84.2 million, a 13% decline year-over-year. The impact of Winter Storm Elliott resulted in pre-tax underwriting losses of $57.8 million, raising the combined ratio by 6.5 points. Full-year ROE stood at 8.8%. The company plans for a GAAP combined ratio of 96.5% for 2023 and expects $300 million in after-tax net investment income.
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