Welcome to our dedicated page for Selective Ins Gr news (Ticker: SIGIP), a resource for investors and traders seeking the latest updates and insights on Selective Ins Gr stock.
SIGIP represents the depositary shares of Selective Insurance Group, Inc.’s 4.60% Non-Cumulative Preferred Stock, Series B, which trade on The Nasdaq Stock Market LLC. News related to SIGIP is closely tied to the broader activities and disclosures of Selective Insurance Group, Inc., a holding company for property and casualty insurance companies operating in the direct property and casualty insurance carriers industry.
On this page, readers can follow news that reflects Selective’s insurance operations, financial performance, capital structure, and corporate initiatives, all of which may be relevant to holders of the SIGIP preferred depositary shares. Public announcements have included quarterly and year-to-date financial results, segment performance across Standard Commercial Lines, Standard Personal Lines, Excess & Surplus Lines, and the Investments segment, as well as information on underwriting results, combined ratios, catastrophe losses, and net investment income.
News coverage also includes items disclosed in Form 8-K filings, such as the announcement of quarterly results, supplemental financial information, investor presentations, and material agreements like revolving credit facilities. These updates help investors understand how Selective manages its balance sheet, liquidity, and financial covenants, which can be important context for evaluating preferred and common equity securities.
Beyond financial metrics, Selective has highlighted initiatives such as its College Competition, an annual program where student teams operate simulated insurance agencies under the guidance of Selective and independent agency mentors. Such news illustrates the company’s engagement with insurance education and talent development. By reviewing the SIGIP news feed, investors and observers can monitor developments in Selective’s insurance operations, governance, capital management, and educational outreach that may influence perceptions of the company and its preferred stock.
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 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%.