Selective Insurance Intrinsic Value Calculator – SELECTIVE INSURANCE Reports Fourth Quarter Earnings Results for 2022

Earnings report

Total revenue was USD 86.5 million, representing a 12.6% decrease compared to the same quarter of the previous year. Despite this, the company reported a net income of USD 952.1 million, a 9.5% increase year over year. The company offers property and casualty insurance products, such as auto, homeowners, commercial and workers’ compensation policies, as well as life and disability policies. SELECTIVE INSURANCE ($NASDAQ:SIGI) also provides financial services, such as savings and investment plans, retirement planning and estate planning. This strong performance appears to have continued in the fourth quarter, with the company reporting a net income increase of 9.5%.

Overall, SELECTIVE INSURANCE’s fourth quarter results were positive and have demonstrated the company’s financial stability and capability to continue to grow in the future. These results are a good indicator of the company’s long-term prospects and investors should continue to be optimistic about the future of SELECTIVE INSURANCE.

Stock Price

The opening stock price was $93.7 and closed at $94.7, which is a 1.1% increase from the previous closing price. This marks a promising trajectory for the company and its investors. The company’s financial results for the fourth quarter saw a steady rise in revenue and profits, indicating that the company’s investments and operations are moving in the right direction.

Additionally, SELECTIVE INSURANCE reported that its operations had improved from the year before, and it expects to continue on the same path in the near future. Overall, SELECTIVE INSURANCE’s stock performance has been steady throughout the quarter, and its fourth quarter earnings results show continued growth in terms of both revenue and profits. The company’s confidence in its operations and future prospects makes it an attractive investment option for investors looking to diversify their portfolios. Live Quote…

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…

Analysis – Selective Insurance Intrinsic Value Calculator

GoodWhale has conducted an analysis of SELECTIVE INSURANCE‘s fundamentals and determined that its fair value is around $80.5. This was calculated by utilizing GoodWhale’s proprietary Valuation Line. Currently, SELECTIVE INSURANCE stock is trading at $94.7, which is a fair price, but is overvalued by 17.6%. The company has a strong balance sheet, with a high debt-to-equity ratio and low debt-to-assets ratio. In addition, SELECTIVE INSURANCE has a strong income statement and is generating strong cash flows from operations. The company has also been able to reduce its operating costs and increase its efficiency in recent years. Looking ahead, the company is well-positioned for growth with a diversified portfolio of products and services across multiple industries. SELECTIVE INSURANCE has also made significant investments in technology and automation, which should help improve its competitiveness. All in all, SELECTIVE INSURANCE is a well-managed company with a solid financial foundation, and provides investors with an attractive investment opportunity at the current market price. 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 is an insurance company that recently reported earnings for the fourth quarter of fiscal year 2022, ending December 31, 2022. Total revenue was 86.5 million, a decrease of 12.6% compared to the same quarter of the previous year, while net income was 952.1 million, a 9.5% increase year over year. For investors interested in Selective Insurance, the quarterly earnings report shows a decrease in revenue that is offset by an increase in net income. This is a positive sign, as it shows that the company is managing its costs effectively, allowing it to remain profitable despite lower revenues. It is also a sign that the company is managing its expenses in a way that is allowing it to remain profitable despite a lower revenue.

The decrease in revenue raises some questions about the company’s future prospects; however, the increase in net income is a positive sign that the company is still able to generate profits despite the decreased revenues. Furthermore, with the company’s cost management measures, it appears to be positioned to maintain profitability in the future. Overall, Selective Insurance appears to be well-positioned for continued success and profitability. Investors monitoring the company should continue to observe its performance and trends in order to maintain a good understanding of its financial health and prospects.