Selective Insurance (SIGI) Stock

Selective Insurance benefits from strong customer retention, increased new business, and higher renewal prices. However, they also face rising costs and the risk of catastrophic losses.

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) will hold its Q3 2024 results conference call on October 22, 2024, at 8:30 AM ET. The call will feature company representatives including Brad Wilson, John Marchioni, Tony Harnett, and Patrick Brennan. Various analysts from firms like Oppenheimer, BMO, and Bank of America will also participate in the discussion.

SIGI's results for the third quarter show that they had average increases in renewal prices and steady customer retention. However, these were balanced out by higher losses from disasters and increased costs.

While the revenue and earnings per share (EPS) for Selective Insurance (SIGI) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Selective Insurance (SIGI) reported quarterly earnings of $1.40 per share, which is lower than the Zacks Consensus Estimate of $1.69 per share. This is also a decrease from the earnings of $1.51 per share from the same period last year.

In addition to Wall Street's predictions for Selective Insurance's (SIGI) earnings, take a look at forecasts for some important metrics to better understand how the company performed in the quarter that ended in September 2024.

Selective Insurance (SIGI) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.

BRANCHVILLE, N.J.--(BUSINESS WIRE)--Selective has set a date for its earnings release and conference call to discuss the results for the third quarter of 2024.