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 recently launched its fourth annual College Competition, coinciding with February's Insurance Careers Month, aimed at nurturing young talent in the insurance sector. Eight teams from universities nationwide will develop simulated insurance agencies, guided by experienced mentors. This initiative boasts a 77% success rate in previous years, with former participants entering various roles within the industry. According to Robert Redden, Vice President at Selective, the competition showcases students' enthusiasm and potential for success in insurance careers.
Selective Insurance Group (NASDAQ: SIGI) announced preliminary fourth quarter 2022 results, projecting diluted earnings per share of $1.38 and non-GAAP operating earnings per share of $1.46.
The fourth quarter combined ratio is estimated at 94.7%, impacted by $45.7 million in pre-tax net catastrophe losses, primarily from Winter Storm Elliott. This storm generated $57.8 million in negative underwriting results. Despite these challenges, Selective reported strong financial performance with double-digit growth in net premiums written for the year.
The full 2022 results will be disclosed on February 2, 2023.
Selective Insurance Group, Inc. (Nasdaq: SIGI) will release its fourth quarter 2022 financial results on February 2, 2023, after market close. A press release and financial supplement will be available on their website. Additionally, a conference call to discuss these results is scheduled for February 3, 2023, at 10:00 a.m. ET, accessible via webcast on Selective's site, with a replay option available until March 5, 2023.
Selective Insurance highlights the risks associated with holiday decorations in a survey conducted by The Harris Poll, revealing that 97% of Americans who decorate their homes introduce at least one fire hazard. Key hazards include natural Christmas trees (28%), real candles (24%), and tinsel (28%). Additionally, 66% of respondents leave holiday lights on in unoccupied homes, increasing fire risks. The survey was conducted from November 9-11, 2022, among 2,069 U.S. adults, with a margin of error of +/- 2.8 percentage points.
Selective Insurance Group has partnered with One Warm Coat to support the Giving Tuesday movement by providing free winter coats to those in need. Employees will collect coats across the country, and the Selective Insurance Group Foundation is donating $20,000 for this initiative. Since its establishment in 2005, the Foundation has contributed over $6.6 million to various charities, with a focus on local communities. Selective Insurance, a leading insurer rated 'A+' by AM Best, emphasizes community support and volunteerism among its employees.
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” for
Selective Insurance Group reported Q3 2022 results with a Return on Common Equity (ROE) of 7.0% and Non-GAAP Operating ROE at 10.5%. Key highlights include an 11% increase in Net Premiums Written (NPW) to $903.4 million, and an improved GAAP combined ratio of 96.8%. Despite strong premiums, after-tax net investment income fell 31% to $52 million, contributing to a 44% drop in net income per share to $0.66. Book value per share decreased 20% to $36.96. The company remains on track to meet its 2022 ROE target of 11%.
Selective Insurance Group, Inc. (NASDAQ: SIGI) will release its third quarter 2022 financial results on November 2, 2022, after market close. A press release and financial supplement will be available on the Investors page of the company’s website. A conference call to discuss these results is scheduled for November 3, 2022, at 10:00 a.m. ET, which will be webcast live and available for replay until December 2, 2022. Selective operates 10 insurance companies, rated 'A+' by AM Best, offering a range of insurance products through independent agents.
Selective Insurance has announced a new service that will remove personally identifiable information from eligible private passenger vehicles and light-duty trucks after they are declared a total loss. This initiative, introduced during Cybersecurity Awareness Month, aims to protect sensitive data such as GPS addresses and contact information. Vehicles from model year 2012 and newer qualify for this privacy solution. Customers can access a vehicle data removal report through their claims file, reinforcing Selective's commitment to customer data security.
Select Insurance Group, Inc. (Nasdaq: SIGI) will present at the 2022 Keefe, Bruyette & Woods Insurance Conference on September 8, 2022, at 9:50 a.m. (ET). Executives John J. Marchioni and Mark A. Wilcox will lead the presentation, which will be available for live viewing on the company's website. A replay will be accessible until October 8, 2022. Selective Insurance, rated "A+" by AM Best, is known for its property and casualty insurance services and has received multiple accolades for being a top employer.
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