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The latest announcement is out from Selective Insurance Group ( (SIGI) ).
For the fourth quarter and year-end 2024, Selective Insurance Group reported a net income per diluted common share of $1.52 and $3.23, respectively, with substantial growth in net premiums written and after-tax net investment income. Despite strong investment results, the company’s financial performance did not meet expectations due to increased casualty reserves in response to social inflation, although strategic initiatives aimed at long-term growth were advanced, positioning the company for future profitability.
More about Selective Insurance Group
Selective Insurance Group, Inc. operates in the insurance industry, focusing on providing a range of insurance products and services. The company emphasizes its competitive strengths, including a unique field model, strong distribution partner relationships, and a customer experience focus.
YTD Price Performance: 3.28%
Average Trading Volume: 323,641
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $5.79B
For an in-depth examination of SIGI stock, go to TipRanks’ Stock Analysis page.
