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