Selective Insurance Group Set to Report Earnings on Wednesday

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Selective Insurance ($NASDAQ:SIGI) Group is set to release its earnings on Wednesday, and investors are eagerly awaiting the report. SELECTIVE INSURANCE is a publicly traded insurance company that specializes in writing commercial, personal, and specialty lines of insurance. It provides a wide range of insurance products across the United States and is dedicated to providing value-priced insurance for its customers. The company offers a variety of services, including claims handling, customer service, and risk management. In addition to its core business of insurance, SELECTIVE INSURANCE has also diversified into other businesses, such as mortgage services and reinsurance. The company has recently made several strategic acquisitions, which have helped boost earnings and expand its customer base.

Investors are looking forward to the earnings report to see if the company has been able to successfully execute on its growth plan. The release of SELECTIVE INSURANCE’s earnings report will be closely observed by analysts and investors alike. The company’s performance over the past quarter could provide insight into the current state of the industry, and could also serve as a gauge for future prospects. With that in mind, investors are eager to hear how SELECTIVE INSURANCE has been performing and what the outlook looks like for the coming year.

Earnings

As per the report, SELECTIVE INSURANCE earned a total of 840.52M USD in total revenue and 121.88M USD in net income. Compared to the previous year, this is a 2.8% decrease in total revenue and a 208.6% increase in net income. In the last 3 years, SELECTIVE INSURANCE’s total revenue has increased from 840.52M USD to 1040.6M USD. The earning report is expected to provide further insight into the company’s financial performance and its outlook going forward.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Selective Insurance. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Selective Insurance. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Selective Insurance. More…

Key Ratios Snapshot

Some of the financial key ratios for Selective Insurance are shown below. More…

Market Price

SELECTIVE INSURANCE Group is set to report their earnings on Wednesday, with stock opening at $103.9 and closing at $104.6, representing an increase of 0.6% from its prior closing price of 104.0. SELECTIVE INSURANCE Group is a provider of specialty insurance products and services, such as automobile, homeowners, business, and workers’ compensation insurance products. Live Quote…

Analysis

At GoodWhale, we analyze SELECTIVE INSURANCE‘s financials in order to provide a comprehensive assessment of the company. Our Star Chart shows that SELECTIVE INSURANCE is classified as a ‘cheetah’, which indicates that the company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be interesting to risk-tolerant investors that are looking for potential returns from a high-growth company. Fortunately, SELECTIVE INSURANCE has a high health score of 8/10 with regard to its cashflows and debt, which makes us believe that it is capable to safely ride out any crisis without the risk of bankruptcy. Moreover, its strengths include dividend, growth and medium asset, while it is relatively weak in profitability. More…

Peers

The company’s competitors are Chubb Ltd, Safety Insurance Group Inc, and Suncorp Group Ltd.

– Chubb Ltd ($NYSE:CB)

Chubb Ltd is a holding company for insurance and reinsurance companies, which underwrite property and casualty, and accident and health insurance. The company has a market cap of 88.41B as of 2022 and a return on equity of 10.07%. Chubb Ltd operates in over 54 countries and territories and provides a broad range of insurance products and services for individuals, families, and businesses. The company’s products and services include homeowners insurance, automobile insurance, commercial property insurance, workers’ compensation insurance, and general liability insurance.

– Safety Insurance Group Inc ($NASDAQ:SAFT)

The company’s market cap is 1.35B as of 2022 and its ROE is 5.35%. The company is a provider of insurance products and services in the United States. Its products include auto, home, business, and life insurance.

– Suncorp Group Ltd ($ASX:SUN)

Suncorp Group Ltd is a leading financial services provider in Australia and New Zealand. The company has a market cap of 15.04 billion as of 2022 and a return on equity of 5.91%. Suncorp provides a range of banking, insurance, and investment products and services to its customers. The company has a strong presence in both Australia and New Zealand, with over 9,000 employees across the two countries.

Summary

Selective Insurance Group is set to announce their latest earnings report on Wednesday. Investors should pay close attention to the results to gain insight into the company’s financial performance. Analysts will be looking for indications of the company’s overall financial health, such as total revenue, operating income, and net income.

Additionally, investors should be aware of the level of return on equity to assess the company’s profitability relative to other competitors. The overall performance of the insurance industry and the impact of any strategic decisions made by the company should also be taken into consideration. Finally, any changes to the company’s dividend policy or share repurchase program will be highly scrutinized by investors. By studying these details, investors can gain a better understanding of Selective Insurance Group’s current standing and make informed investment decisions.