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$99.85Last Dividend
$0.38Annual ROE
13.33%Beta
0.48Events Calendar
Next earnings date:
Jan 31, 2025Recent quarterly earnings:
Oct 21, 2024Recent annual earnings:
Jan 31, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 15, 2024Next split:
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Feb 21, 2007Analyst ratings
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Selective Insurance (SIGI) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
Selective Insurance Group, Inc. (NASDAQ:SIGI ) Q3 2024 Results Conference Call October 22, 2024 8:30 AM ET Company Participants Brad Wilson - Senior Vice President, Investor Relations and Treasurer John Marchioni - Chairman of the Board, President and Chief Executive Officer Tony Harnett - Senior Vice President and Chief Accounting Officer Patrick Brennan - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Phillips - Oppenheimer Michael Zaremski - BMO Paul Newsome - Piper Sandler Scott Heleniak - RBC Capital Markets Grace Carter - Bank of America Meyer Shields - Keefe, Bruyette & Woods Matt Carletti - Citizens JMP Operator Ladies and gentlemen, thank you for standing by. Welcome to Selective Insurance Group, Incorporated Third Quarter 2024 Earnings Call.
SIGI's Q3 results reflect average renewal pure price increases and stable retention, offset by higher catastrophe losses and expenses.
Although the revenue and EPS for Selective Insurance (SIGI) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Selective Insurance (SIGI) came out with quarterly earnings of $1.40 per share, missing the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.51 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Selective Insurance (SIGI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Selective Insurance (SIGI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BRANCHVILLE, N.J.--(BUSINESS WIRE)--Selective schedules earnings release and conference call to announce third quarter 2024 results.
Selective Insurance rides on solid retention rates, higher new business gains and renewal pure price increases. Higher expenses and cat loss are major concerns.
Selective Insurance Group reported post-tax earnings of $365 million in 2023, thanks to higher investment income and new rate adjustments. The company has shown strength and stability despite challenges in the insurance sector, outperforming its competitors in underwriting. However, in the first half of the year, it faced lower underwriting margins and had to strengthen reserves from the previous year in its commercial lines.
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