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SIGIBearishEarningsnews
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Selective Insurance (SIGI) Q1 Earnings Miss, Premiums Rise Y/Y

May 2, 2024, 12:47 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- SIGI reported Q1 operating income of $1.33 per share, 29.3% below estimates. - Total revenues increased 17.2% year-over-year, with NPW rising by 16%. - Company experienced higher non-catastrophe property loss but saw lower catastrophe losses. - Price Impact Rating: bearish - Impact Horizon Rating: short-term - Type: Earnings

  • SIGI reported Q1 operating income of $1.33 per share, 29.3% below estimates.
  • Total revenues increased 17.2% year-over-year, with NPW rising by 16%.
  • Company experienced higher non-catastrophe property loss but saw lower catastrophe losses.

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