Last $27.01 USD
Change Today +0.17 / 0.63%
Volume 101.0K
SIGI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

selective insurance group (SIGI) Snapshot

Open
$26.80
Previous Close
$26.84
Day High
$27.04
Day Low
$26.69
52 Week High
12/2/13 - $28.31
52 Week Low
02/10/14 - $21.38
Market Cap
1.5B
Average Volume 10 Days
106.4K
EPS TTM
$1.90
Shares Outstanding
56.4M
EX-Date
11/12/14
P/E TM
14.2x
Dividend
$0.56
Dividend Yield
1.96%
Current Stock Chart for SELECTIVE INSURANCE GROUP (SIGI)

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selective insurance group (SIGI) Details

Selective Insurance Group, Inc. provides standard, and excess and surplus lines of property and casualty insurance products in the United States. It operates in three segments: Standard Insurance Operations, E&S Insurance Operations, and Investments. The company’s products and services include standard market property insurance, which covers the financial consequences of accidental loss of an insured’s real and/or personal property; and standard market casualty insurance that covers the financial consequences of employee injuries in the course of employment, and bodily injury and/or property damage to a third party as a result of an insured’s negligent acts, omissions, or legal liabilities. Its products and services also comprise flood insurance, which covers property losses under the Federal Government's Write Your Own program of the National Flood Insurance Program; and excess and surplus insurance that provides property and casualty insurance coverage through underwriting guidelines to small commercial accounts. The company offers its insurance products and services to businesses, non-profit organizations, local government entities, and individuals through independent retail insurance agents and brokers, and wholesale general agencies. In addition, it is involved in investing premiums collected by the Standard Insurance Operations and E&S Insurance Operations segments on fixed maturity investments, equity securities, and alternative investments portfolio. Selective Insurance Group, Inc. was founded in 1925 and is headquartered in Branchville, New Jersey.

2,100 Employees
Last Reported Date: 02/28/14
Founded in 1925

selective insurance group (SIGI) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $900.0K
President and Chief Operating Officer
Total Annual Compensation: $592.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $544.6K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $477.7K
Chief Actuary and Executive Vice President
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2013.

selective insurance group (SIGI) Key Developments

Selective Insurance Group Inc. Announces Executive Appointments

Selective Insurance Group Inc. announced the appointments by its subsidiary, Selective Insurance Company of America. Martin Hollander (Hoboken, NJ) to senior vice president, chief audit executive. Mr. Hollander joined Selective in September 2014. Previously, he was vice president, Internal Audit at QBE North America. Michael Baisley (Avon, CT) to vice president, Investments. Mr. Baisley joined Selective in November 2010 as assistant portfolio manager. In his prior experience he worked as a consultant to private equity firms and started his career with Prudential Financial Inc. Shannon Backus (Lincolnton, NC) to assistant vice president, regional safety operations manager. Mr. Backus joined Selective in August 2014 after positions at Travelers Insurance and Key Risk Insurance Company. Robert England (Bushkill, PA) to assistant vice president, Enterprise Infrastructure & Security Architecture. Mr. England joined Selective in August 2014. Previously, he was a senior IT manager at LSI, an Avago Technologies corporation. John Lacy (Sarasota, FL) to assistant vice president, Workers Compensation Line of Business manager. Harikrishna Raghumandala (Manchester, CT) to assistant vice president, IT Enterprise Data Architecture. Mr. Raghumandala joined Selective in September 2014. Previously, he was a solution manager for Tata Consultancy Services at The Hartford. Martine Whitehurst (Richmond, VA) to assistant vice president, regional claims manager. Ms. Whitehurst joined the company in August 2014. Previously, she was an auto field product line manager at Travelers Insurance.

Selective Insurance Group Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Year 2014

Selective Insurance Group Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net premiums written of $495,121,000 against $492,748,000 a year ago. Net premiums earned were $462,639,000 against $437,568,000 a year ago. Net investment income earned was $34,292,000 against $32,457,000 a year ago. Total revenues were $515,358,000 against $486,813,000 a year ago. Operating income was $43,262,000 against $23,922,000 a year ago. Net income was $53,162,000 against $32,653,000 a year ago. Net income per diluted share was $0.93 against $0.57 a year ago. Book value per share was $22.45 against $20.16 a year ago. Operating income per diluted share was $0.76 against $0.42 a year ago. Operating income per diluted share for the quarter was $0.76, up 81% from $0.42 per diluted share a year ago. Excluding the impact of favorable prior year category development and catastrophe losses, operating earnings per diluted share were 40% higher than the third quarter of 2013. For the nine months, the company reported net premiums written of $1,451,694,000 against $1,405,049,000 a year ago. Net premiums earned were $1,382,759,000 against $1,284,760,000 a year ago. Net investment income earned was $106,600,000 against $99,330,000 a year ago. Total revenues were $1,531,278,000 against $1,415,707,000 a year ago. Operating income was $82,395,000 against $67,819,000 a year ago. Net income was $100,477,000 against $81,083,000 a year ago. Net income per diluted share was $1.75 against $1.43 a year ago. Operating income per diluted share was $1.44 against $1.20 a year ago. Net cash provided by operating activities was $158,119,000 against $237,989,000 a year ago. Purchase of property and equipment was $9,178,000 against $10,493,000 a year ago. Annualized operating ROE was 9.1% and total ROE was 11.1%, both in excess of weighted average cost of capital of 8.8%. For the year 2014, the company expects after tax investment income of approximately $105 million.

Selective Insurance Group Inc. Declares Quarterly Cash Dividend, Payable on December 1, 2014

Selective Insurance Group Inc. announced that the Board of Directors approved an 8% increase in the quarterly cash dividend, to $0.14 from $0.13 per share, which will be payable December 1, 2014 to stockholders of record as of November 14, 2014.

 

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Industry Analysis

SIGI

Industry Average

Valuation SIGI Industry Range
Price/Earnings 12.2x
Price/Sales 0.8x
Price/Book 1.2x
Price/Cash Flow 12.1x
TEV/Sales 0.5x
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