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Selective Insurance Group (SIGI)
NASDAQ:SIGI
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.88Last Year’s EPS
1.33Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -16.13%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call indicates a mixed performance for Selective Insurance Group in 2024. While the company achieved strong growth in net premiums and investment income, along with strategic expansions, it faced challenges with an elevated combined ratio and significant reserve strengthening due to social inflation pressures. The operating ROE fell short of targets, reflecting the need for continued adjustments to meet profitability goals.Company Guidance
During the fourth quarter earnings call for Selective Insurance Group, Inc., the company provided guidance for 2025 and discussed key metrics from 2024. The operating return on equity (ROE) for 2024 was 7.1%, falling short of the 12% target, largely due to challenges in general liability lines influenced by social inflation. Net premiums written grew by 12%, and the company reported an underlying combined ratio of 89.4%. The full-year combined ratio was 103%, impacted by reserve strengthening actions amounting to $411 million, primarily for accident years 2020 and later. For 2025, Selective expects a GAAP combined ratio between 96% and 97%, including six points for catastrophe losses, and an after-tax net investment income of $405 million. The guidance reflects an assumption of approximately 7% overall loss trend, with 8.5% for casualty lines. The company aims for an operating ROE of approximately 15% in 2025.Strong Net Premiums Growth
Selective Insurance Group reported a 12% growth in net premiums written for the year, demonstrating solid progress in expanding their business.
Improvement in Underlying Combined Ratio
The company's underlying combined ratio improved by 90 basis points from 2023, reaching 89.4% for 2024, excluding catastrophe losses and prior year casualty development.
Excess and Surplus Lines Growth
The Excess and Surplus lines segment delivered a 29% growth, exceeding $500 million of net premiums written for the first time, with a combined ratio of 89.7%.
Investment Income Increase
After-tax net investment income rose 17% from 2023, reaching $363 million for the year, contributing significantly to the return on equity.
Strategic Initiatives and Market Expansion
Selective expanded its Standard Commercial Lines operating footprint by adding five states and repositioned Personal Lines while enhancing technology for Excess and Surplus lines.
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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 |
|---|---|---|---|
| Jan 29, 2025 | $93.59 | $81.76 | -12.64% |
| Oct 21, 2024 | $96.16 | $92.54 | -3.76% |
| Jul 18, 2024 | $99.08 | $81.06 | -18.19% |
| May 01, 2024 | $100.65 | $94.24 | -6.37% |
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 Apr 30, 2025, TBA Not Confirmed.
What is Selective Insurance Group (SIGI) earnings time?
Selective Insurance Group (SIGI) earnings time is at Apr 30, 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 2025 (Q1) is 1.88.
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