Selective Insurance Group, Inc., together with its subsidiaries, provides insurance products and services in the United States. The company operates through four segments: Standard Commercial Lines, Standard Personal Lines, E&S Lines, and Investments. It offers casualty insurance products that covers the financial consequences of employee injuries in the course of employment and bodily injury and/or property damage to a third party; property insurance products, which covers the accidental loss of an insured’s real property, personal property, and/or earnings due to the property's loss; and flood insurance products. The company also invests in fixed income investments and commercial mortgage loans, as well as equity securities, short-term investments, and alternative investments, and other investments. It offers its insurance products and services to businesses, non-profit organizations, local government agencies, and individuals through independent retail agents and wholesale general agents. Selective Insurance Group, Inc. was founded in 1926 and is headquartered in Branchville, New Jersey.
Reserve Challenges | Explore Selective Insurance's recent financial performance, impacted by significant reserve charges in casualty lines, affecting profitability and market position |
Pricing Powe | Delve into SIGI's strong pricing strategy, implementing substantial rate increases to combat elevated loss trends and improve underwriting margins |
Market Valuation | Learn how SIGI's stock, trading at 1.72 times book value, presents a potential opportunity amid recent underperformance and reserving issues |
Future Prospects | Discover analysts' projections for SIGI, with price targets ranging from $92 to $105 and an expected 15% operating ROE for 2025, signaling potential recovery |
Metrics to compare | SIGI | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipSIGIPeersSector | |
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P/E Ratio | 12.8x | 7.2x | 9.5x | |
PEG Ratio | 0.19 | 0.01 | 0.03 | |
Price/Book | 1.5x | 1.0x | 1.0x | |
Price / LTM Sales | 0.9x | 0.6x | 2.8x | |
Upside (Analyst Target) | 10.2% | 20.0% | 13.2% | |
Fair Value Upside | Unlock | 0.6% | 1.8% | Unlock |