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Selective Insurance Group (SIGI)
NASDAQ:SIGI
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.99Last Year’s EPS
1.94Same Quarter Last Year
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -3.44%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong pricing improvements and expansion efforts countered by significant challenges from elevated catastrophe losses and social inflation impacts. The company's efforts in rate increases and geographic expansion are promising, but the increased catastrophe and reserve adjustments weigh on overall performance.Company Guidance
During Selective Insurance Group Inc.'s Q3 2024 earnings call, the company provided guidance reflecting a challenging year, marked by significant catastrophe losses, which added 13.4 points to their combined ratio. Despite this, they reported an operating earnings per share of $1.40 and an operating return on equity (ROE) of 12.1% for the quarter. Year-to-date, their operating ROE stands at 4.8%, with full-year guidance suggesting a high single-digit ROE, below their 12% target due to prior reserving actions and unexpected catastrophe losses. The company emphasized their focus on achieving combined ratios at or better than their 95% target across insurance segments, with particular attention to managing social inflation impacts on severity trends. In Standard Commercial Lines, they achieved notable renewal pricing increases, with general liability pricing rising to 10.2%, commercial property at 12%, and commercial auto at 10.9%. Additionally, they announced geographic expansions in their Standard Commercial Line, now operating in 35 states, contributing to an 8% growth in net premiums written for the quarter.Operating ROE Improvement
The company generated an operating ROE of 12.1% for the quarter despite elevated catastrophe losses, highlighting underlying profitability and strong investment income contributions.
Standard Commercial Lines Pricing Success
Renewal pure price in Standard Commercial Lines accelerated to 9.1%, with significant pricing improvements in general liability (10.2%), commercial property (12%), and commercial auto (10.9%).
Expansion and Diversification
Selective expanded its Standard Commercial Lines into Washington, Oregon, and Nevada, increasing its reach to 35 states, with plans to enter Kansas, Montana, and Wyoming in the next two years.
Strong Performance in Excess and Surplus Lines
Net premiums written increased by 28% in this segment with a combined ratio of 83.2%, showing favorable underwriting profitability.
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SIGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SIGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 21, 2024 | $96.60 | $92.96 | -3.77% |
| Jul 18, 2024 | $99.53 | $81.43 | -18.19% |
| May 01, 2024 | $101.11 | $94.67 | -6.37% |
| Jan 31, 2024 | $103.30 | $95.36 | -7.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Selective Insurance Group (SIGI) report earnings?
Selective Insurance Group (SIGI) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Selective Insurance Group (SIGI) earnings time?
Selective Insurance Group (SIGI) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SIGI EPS forecast?
SIGI EPS forecast for the fiscal quarter 2024 (Q4) is 1.99.
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