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, 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.
Selective Insurance Group (NASDAQ: SIGI) reported a net income of $0.61 per diluted share for Q2 2022, down 69% from the previous year, amid a 12% increase in net premiums written to $930.7 million. The GAAP combined ratio was 95.5%, increasing 5.7 points year-over-year due to higher catastrophe losses. After-tax net investment income decreased 16% to $57 million. The book value per share declined 7% to $39.68. Full-year guidance indicates a GAAP combined ratio of 90.5% and after-tax net investment income of $215 million.
Seventy-seven percent of U.S. homeowners plan to vacation between July and December 2022, with 44% traveling for a week or longer, according to a Selective Insurance study. Despite 59% having security systems, only 49% use them when away. Key findings include 68% locking windows, while 61% ask others to check their homes. Younger homeowners (18-44) are more likely to use security systems. The study shows regional differences in vacation plans and security system usage, with a partnership between Selective and SimpliSafe offering security packages to eligible policyholders.
Selective Insurance has partnered with SimpliSafe to enhance home security for its eligible homeowner policyholders. This collaboration allows policyholders in approved states to request a complimentary 7-piece security system, which includes a base station, indoor camera, and sensors for safety. Those who activate monitoring within sixty days will receive a policy discount. This initiative aims to improve customer satisfaction while offering comprehensive protection against common home hazards like theft and fire.
Selective Insurance Group (Nasdaq: SIGI) will release its second quarter 2022 financial results on August 3, 2022, after market close. A conference call to discuss the results is scheduled for August 4, 2022, at 10:00 a.m. ET. This call will be accessible via webcast on Selective's website, where a press release and financial supplement will also be posted. A replay of the call will be available from August 4 through September 3, 2022.
On June 30, 2022, The Institutes announced the appointment of four new members to its Board of Trustees, effective June 15. The appointees are J. Powell Brown, Carl Hess, John J. Marchioni, and Leonid Rasin, each bringing extensive experience in insurance and risk management. Peter Miller, president and CEO, expressed that these members will enhance The Institutes' mission and strategic capabilities. Notably, Marchioni is linked with Selective Insurance Group (NASDAQ: SIGI), Hess with WTW (NASDAQ: WTW), and Brown with Brown & Brown (NYSE: BRO).
According to a survey by Selective Insurance and The Harris Poll, 22% of business owners lack insurance, and 49% of those insured do not understand their coverage. June 28, National Insurance Awareness Day, encourages business owners to review their policies. Key recommendations include working with independent agents, performing annual policy reviews, understanding business exposures, and considering Business Owners Policies (BOPs). Selective Insurance Group, Inc. (Nasdaq: SIGI) offers comprehensive coverage and has received A+ ratings from AM Best.
Selective Insurance conducted a study revealing that only 43% of U.S. business owners have raised their insurance limits in response to inflation. The survey, conducted by The Harris Poll among 303 business owners, highlights a lack of understanding, with 38% unaware of their coverage scope and 22% without insurance. Selective's Business Owners Policy (BOP) addresses inflation-driven construction costs, potentially aiding businesses in maintaining adequate coverage. The study underscores the importance of consulting with agents for proper insurance assessment.